0 Have your say Sainsbury’s £12bn merger with Asda has little chance of success following the CMA’s provisional findings. This is a much more worrying prospect for Sainsbury’s than it is for Asda. Asda has rediscovered its mojo under chief executive Roger Burnley, backed by a strong management team despite some recent departures. Earlier this week Asda reported a 1 per cent increase in like-for-like sales in the fourth quarter of 2018. Yes this was down from 2.0 per cent growth in the previous quarter, but shoppers are reining in their spending amid Brexit uncertainty. This was the Leeds-based grocer’s seventh consecutive quarter of growth. The latest data from Kantar Worldpanel shows that Tesco was the best performer out of the big four with sales growth of 1.0 per cent in the 12 weeks to January 27, closely followed by Asda with growth of 0.7 per cent and Morrisons with growth of 0.4 per cent. Sainsbury’s saw sales fall by … [Read more...] about Blackfriar: CMA decision could be good news for Asda
Good news week
Updated 6:26 am CST, Saturday, February 2, 2019 FILE - In this Feb. 2, 2017 file photo, Groundhog Club handler John Griffiths holds Punxsutawney Phil, the weather prognosticating groundhog, during the 131st celebration of Groundhog Day on Gobbler's Knob in Punxsutawney, Pa. As the Midwest and East Coast try to recover from this week’s dangerous Arctic blast, Pennsylvania’s most famous groundhog is gearing up to reveal whether an early spring is on the way or if winter will stick around. Members of Punxsutawney Phil's top hat-wearing inner circle plan to reveal their forecast at sunrise on Saturday, Feb. 2, 2019. (James Robinson/The Patriot-News/PennLive.com via AP, File) less FILE - In this Feb. 2, 2017 file photo, Groundhog Club handler John Griffiths holds Punxsutawney Phil, the weather prognosticating groundhog, during the 131st celebration of Groundhog Day on Gobbler's Knob in ... more Photo: … [Read more...] about Will groundhog give good news for winter sufferers?
As the twists and turns of this long drawn-out Brexit drama continue, possibly the most surprising aspect of all is just how resilient the good news about UK business continues to be. I know this is tempting fate, I know many experts keep saying that the economic cycle suggests we should have had a recession in Britain by now, and I know I’m not alone in believing that we would benefit from a having a chancellor who demonstrated a positive belief in our country and the benefits that Brexit could bring. But let’s be honest with ourselves, the UK is doing pretty damn good, despite Brexit. Of course, surely no one would want to wish bad economic news on their own country. But in their private thoughts, I can imagine devout Remainer strategists saying to themselves: “if only something would give, if only unemployment would return, if only inflation would climb, if only we had the economic warnings the Germans are getting, if only there were some real bad news – then … [Read more...] about Despite apocalyptic Brexit warnings, the good news keeps on coming
Hoffman Estates officials were delighted Wednesday with the success of Sears Holdings Chairman Eddie Lampert's bid to save the bankrupt company that's been headquartered in the village for more than a fifth of its 126-year storied history. But they say only time will tell whether this is a temporary reprieve or a new chapter for the struggling company. "We were waiting to see what would happen," Hoffman Estates Mayor Bill McLeod said. "This is good news for us."According to reports Wednesday, Lampert, the company's largest shareholder, won a bankruptcy auction with a $5.2 billion bid that for now will keep Sears from being liquidated.It's still not clear what would have been the fate of the company's 200-acre campus in the 780-acre Prairie Stone Business Park if Sears had fallen into the hands of liquidators this week."The reality is there are 20 to 30 different companies Sears has in that building, some that are more profitable than others," McLeod said.Fears of a significant … [Read more...] about ‘This is good news for us’: Hoffman Estates relieved by Sears Holdings’ survival
Can’t prove this, won’t even try, but the turn of this new year seemed to bring an unusually robust flow of retrospectives on 2018 as a year of good news for our terrestrial environment and the people who care about it. Can’t explain that but will speculate that it may have something to do with the year’s bad news being so very bad, especially in the realm of climate change: its accelerating pace and proliferating impacts; the deepening concern about feedback mechanisms, already under way, that are poorly understood but are likely to proceed even if greenhouse-gas emissions could be brought down rapidly. Still, last year’s good news does deserve more attention than it received in most ongoing coverage, including my own. So as a time-conserving service to you, dear readers, I devoted a fair chunk of time to sifting all such compilations I could find; what follows is a selection of the positive developments that struck me as having the most merit, with extra … [Read more...] about It turns out that, amid a whole lot of terrible, 2018 brought some good news for the environment, too