This year has been one the most hectic in recent times for the
British supermarket sector, what with the year-long Safeway
takeover battle, Tesco and Co-op strengthening their positions in
the convenience store sector, Somerfield...
The Big Food Group, owner of the Iceland and Booker chains, posted
a slight improvement in first half sales as it continues to
overhaul the business. Most noticeable was a return to
profitability at Iceland, helped by improved sales...
A slow but steady recovery at Iceland and innovative new customer
schemes at Booker will help the Big Food Group improve over time,
but for the first quarter of the year, the company managed little
more than a 'satisfactory'...
Bill Grimsey, chief executive of the Big Food Group which owns the
Iceland retail chain, has welcomed the suggestion that Morrisons is
leading the bidders for Safeway, but repeated calls for a more
intelligent assessment of the UK...
A poor first half performance from the Iceland fascia pushed down
sales and profits at the Big Food Group in 2002. But it also masked
the improvements made in the second half of the year which gave the
company a solid base on which...
Growth from new format stores notwithstanding, Iceland's poor
performance pulled down overall sales at the Big Food Group in the
UK during the first half. Another disappointing performance given a
positive spin by chief executive...
The fact that the new owners of a 15 per cent stake in the Big Food
Group, owner of the Iceland supermarket chain, are from Iceland
themselves has nothing to do with the purchase. It is all about
investing in an undervalued company,...
Sales at Iceland continued to decline in the 13 weeks to the end of
September, but the Big Food Group's overall results were buoyed by
a solid performance from its Booker wholesale unit. M&S,
meanwhile, saw good food sales...
Talks are rumoured to have taken place between the management of
the UK's Big Food Group and potential investors, but ongoing
concerns about its Iceland supermarket unit may yet scupper any
chance of a buyout.
UK company the Big Food Group, the recently renamed Iceland, on
Wednesday ruled out a rights issue but warned that the costs of a
£375m (E607.9m) spending plan would weigh on profits in future
years, the Financial Times reports.