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28/08/2001
UK hypermarket price war will benefit shoppers
A report by consultants Verdict Research has revealed that rivalry between UK supermarkets is set to escalate into a full-scale price war.
The report claimed that although UK grocery chains began a gloves-off fight for customers in the late 1990s, they said that there has been a "marked relaxation in the intensity of competition" in the sector during the past nine months.
However, the new ‘price war’ looks set to benefit customers when the first ‘price war’ shots are fired in the run up to the Christmas period.
In the report published on Tuesday August 28, Verdict also said it ranked Tesco as the UK's highest rated supermarket, thanks largely to the retailer's growing skill as a hypermarket operator.
The report concluded that while Marks & Spencer remained strong in the grocery sector, should a price war develop Sainsbury and Safeway may fare less well. (MB)
The report claimed that although UK grocery chains began a gloves-off fight for customers in the late 1990s, they said that there has been a "marked relaxation in the intensity of competition" in the sector during the past nine months.
However, the new ‘price war’ looks set to benefit customers when the first ‘price war’ shots are fired in the run up to the Christmas period.
In the report published on Tuesday August 28, Verdict also said it ranked Tesco as the UK's highest rated supermarket, thanks largely to the retailer's growing skill as a hypermarket operator.
The report concluded that while Marks & Spencer remained strong in the grocery sector, should a price war develop Sainsbury and Safeway may fare less well. (MB)
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16 April 2004
Tesco to sustain price war
Tesco has today declared that the high street and shopping mall food retail sector will remain a price war zone. Matching a January price cutting spree, Tesco will dig into its coffers to the tune of £70 million to maintain price cuts and keep up sustained pressure on rival retailers.
Tesco to sustain price war
Tesco has today declared that the high street and shopping mall food retail sector will remain a price war zone. Matching a January price cutting spree, Tesco will dig into its coffers to the tune of £70 million to maintain price cuts and keep up sustained pressure on rival retailers.
03 August 2001
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
Halifax report house price rises dip in July
Rampant house price rises at the start of the year have shown their first dip according to a new survey released by the Halifax. In July the average house price rise dropped off to 0.7 percent, which has been interpreted as the first sign that the early year rises of almost 11 per cent may be tailing off.
04 August 2011
RICS Highlights Construction Contraction
The divergence in performance between the construction sector in Northern Ireland and in other parts of the UK grew further in the second quarter of the year. This is according to the Royal Institute of Chartered Surveyors (RICS) Construction Market Survey for the second quarter of 2011.
RICS Highlights Construction Contraction
The divergence in performance between the construction sector in Northern Ireland and in other parts of the UK grew further in the second quarter of the year. This is according to the Royal Institute of Chartered Surveyors (RICS) Construction Market Survey for the second quarter of 2011.
15 May 2002
News Corp reveals multi-billion pound write down
Rupert Murdoch's global media network News Corporation has announced a profits gain in the third quarter, but had to write down a massive £2.74 billion investment in the Australia-based Gemstar television during the same period.
News Corp reveals multi-billion pound write down
Rupert Murdoch's global media network News Corporation has announced a profits gain in the third quarter, but had to write down a massive £2.74 billion investment in the Australia-based Gemstar television during the same period.
06 May 2009
Tesco's Border Price Cuts Under Attack
The Irish consumer watchdog has warned Tesco it must pass on its new border price cuts to all shoppers across the Republic. Top UK retailer, Tesco revealed on Tuesday it had cut prices in its 11 stores in the border area by almost a quarter in an attempt to discourage shoppers from going North.
Tesco's Border Price Cuts Under Attack
The Irish consumer watchdog has warned Tesco it must pass on its new border price cuts to all shoppers across the Republic. Top UK retailer, Tesco revealed on Tuesday it had cut prices in its 11 stores in the border area by almost a quarter in an attempt to discourage shoppers from going North.
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Northern Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
