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Share Price: 390.30
Bid: 390.00
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Change: 16.50 (4.41%)
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Open: 377.00
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TOP NEWS: UK Grocery Sector Benefits From Strong Easter Spending

Tue, 30th Apr 2019 08:51

LONDON (Alliance News) - The UK grocery sector growth picked up pace in the 12 weeks to April 21, helped by a GBP2.5 billion Easter spend, and J Sainsbury PLC reclaimed its second position from Asda as the country's second biggest supermarket by market share.

According to the latest Kantar grocery market survey released on Tuesday, German discounter Aldi was again the fastest growing supermarket, a position held since July 2018. Aided by its store-opening programme, Aldi attracted an additional 823,000 shoppers through its doors to grow sales by 11.6% year-on-year and increase its market share by 0.6 percentage point to 7.9% in the 12 weeks to April 21.

Fellow discounter, Lidl's posted 8.6% growth in sales during the 12 week period and increased its market share to a new high of 5.7%, up 0.3 percentage point compared with last year.

Co-op and Ocado were the only other retailers to gain market share on last year, moving up to 6.1% from 6.0% and 1.3% from 1.2%, respectively, Kantar said. Co-op sales increased 4.5% year-on-year, while Ocado Group PLC recorded 6.8% sales growth in the period.

The research agency said overall total year-on-year grocery sales increased by 2.0% during the 12 weeks, bolstered by a record-breaking Easter week spend.

"Shoppers indulged in GBP335 million worth of Easter eggs and seasonal chocolate during the 12 weeks and the average household took home 10 such treats during the longer build up from February to the holiday weekend. The warm weather over the Easter break helped boost sales of ice cream by 8% and hay fever remedies by 27% during the past four weeks as families made the most of the sunshine," said Kantar's Head of Retail & Consumer Insight Fraser McKevitt.

Among the big four retailers, Tesco PLC saw a 1.0% rise in sales; however its market share slipped to 27.3% from 27.6%.

Sainsbury's recorded 1.2% drop in sales and its market share fell to 15.4% from 15.9% in the recent 12 weeks. The retailer, however, reclaimed its position as the UK's second biggest supermarket chain.

"Sainsbury's has reclaimed second position despite a sales decline of 1.2%. The supermarket achieved double-digit growth online which coincides with the launch of its first mobile-only payment store in central London this week, further demonstrating its drive towards digital innovation," said McKevitt.

Walmart Inc-owned Asda increased sales by 0.3% in the period. Its market share fell to 15.2% from 15.5%, relegating it back to third position.

Wm Morrison Supermarkets PLC sales increased 0.6% in the 12 week period, while its market share declined to 10.3% from 10.5%.

Frozen food specialist Iceland Foods' sales were up 1.4%, with the retailer's market share flat at 2.1%.

Lastly, premium supermarket Waitrose, part of the John Lewis Partnership, saw sales rise 0.7% in the 12 week period. Its market share fell to 5.0% from 5.1%.

The research agency said grocery inflation stood at 1.4 for the 12-week period. Prices increased at fastest rate in markets such as cola, lamb and crisps, while falling in instant coffee, fresh sausages and nuts.

Tesco shares were up 0.3% early Tuesday, while Morrisons was up 1.4%. Sainsbury's was marginally lower and Ocado up 0.6%.

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12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 13 September 
abrdn Smaller Companies Income Trust PLCHalf Year Results
Argentex Group PLCHalf Year Results
Brave Bison Group PLCHalf Year Results
Burford Capital LtdHalf Year Results
CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
Arecor Therapeutics PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Capricorn Energy PLCHalf Year Results
Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
Glenveagh Properties PLCHalf Year Results
IG Group Holdings PLCTrading Statement
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Uniphar PLCHalf Year Results
Friday 15 September 
Petra Diamonds LtdFull Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
Monday 18 September 
Artisanal Spirits Co PLCHalf Year Results
City of London Investment Group PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Futura Medical PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Phoenix Group Holdings PLCHalf Year Results
S4 Capital PLCHalf Year Results
Tuesday 19 September 
accesso Technology Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Big Technologies PLCHalf Year Results
C&C Group PLCTrading Statement
Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
Maintel Holdings PLCHalf Year Results
McBride PLCFull Year Results
MyHealthChecked PLCHalf Year Results
Moonpig Group PLCTrading Statement
Naked Wines PLCFull Year Results
Northcoders Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
Surgical Innovations Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
Xaar PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Sep 2023 08:46

TOP NEWS: UK grocery price inflation cools to lowest level in a year

(Alliance News) - Annual grocery price inflation in the UK decelerated to 12.2% in the four weeks that ended September 3, from 12.7% a month before, according to survey data from Kantar on Tuesday.

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6 Sep 2023 14:54

Crisis-hit NatWest picks Haythornthwaite as chairman

Ocado chair set to take over as NatWest chair in April

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6 Sep 2023 14:03

UPDATE: NatWest confirms Ocado's Haythornthwaite as chair from April

(Alliance News) - NatWest Group PLC on Wednesday confirmed it has appointed Rick Haythornthwaite as its new chair from April 15 next year, the move coming less than two months after the bank replaced its chief executive amid a row over the de-banking of UK politician Nigel Farage.

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6 Sep 2023 13:43

NatWest confirms Haythornthwaite will join as chair

Sept 6 (Reuters) -

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6 Sep 2023 13:18

PRESS: NatWest picks former Centrica chair as new chair - Sky News

(Alliance News) - Rick Haythornthwaite, former chair of British Gas-owner Centrica PLC, will succeed Howard Davies as chair of NatWest Group PLC, Sky News reported on Wednesday.

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6 Sep 2023 09:32

LONDON BROKER RATINGS: Shore says 'buy' B&M; Peel Hunt likes Halfords

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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5 Sep 2023 08:51

LONDON MARKET OPEN: Stocks fall; oil prices stoke inflation fears

(Alliance News) - Stock prices in London opened lower on Tuesday, with the FTSE 100 index weighed down by retailers and stocks with Chinese exposure.

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24 Aug 2023 08:23

UK supermarket Asda launches fresh round of price cuts

LONDON, Aug 24 (Reuters) - British supermarket Asda on Thursday followed rivals Ocado Retail and Sainsbury's in announcing a fresh round of price cuts, adding to the downward trajectory in UK food inflation.

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23 Aug 2023 10:24

Britain's Ocado Retail and Sainsbury's cut prices again

Ocado Retail cuts prices of 200 products

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23 Aug 2023 00:01

Britain's Ocado Retail cuts prices again

Heinz beans, Quaker oats among price reductions

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22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

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15 Aug 2023 11:56

LONDON MARKET MIDDAY: FTSE 100 down as wage growth sparks rate fears

(Alliance News) - Stock prices in London were lower at midday on Tuesday, as wage growth fuelled talks of the Bank of England's next move.

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15 Aug 2023 08:57

TOP NEWS: UK grocery price inflation eases; Ocado loses market share

(Alliance News) - Grocery price inflation in the UK cooled by just over two percentage points to 12.7% in the four weeks that ended August 6, the second sharpest slowdown in price in 15 years, according to survey data from Kantar, with staples such as milk and vegetable oil seeing price cuts.

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27 Jul 2023 16:09

Highly shorted Ocado almost trebles in value from June lows

MILAN, July 27 (Reuters) - Shares in Ocado swung widely on Thursday following a two-month rally that has kept traders guessing over potential suitors circling the British online supermarket.

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