Venture Life Group VLG – Trading Update July 20th 2020

Alan Green talks to Venture Life Group (VLG) CEO Jerry Randall about today’s trading update. Jerry provides an overview of the VLG offering, and then discusses the financial and commercial highlights in today’s statement. Looking forward Jerry covers VLG’s strong financial position, and how non-dilutive funding will be used for further acquisitions, some of which […]

Ian Pollard – Sainsbury #SBRY, Asda & Walmart – Merger Banned To Prevent Price Increases

J Sainsbury  plc  and Asda. The proposed merger between Sainsbury”s and Asda has been prohibited by The Competition and Markets Authority  in its final report published today.  As a result, Sainsbury’s, Walmart and Asda have mutually agreed to terminate the transaction.The reasoning behind the prohibition is that the proposed merger would result in increased prices […]

Archie Norman Will Need More Than Singles Nights To Save Marks

Archie Norman made his name, not as the boss of ASDA but as the man who saved ASDA, and he was brilliant enough to do so virtually overnight. ASDA had taken the established supermarkets by storm  and given them hard lessons in retailing. Then, all of a sudden for no apparent reason, shoppers were deserting […]

Sainsbury Slashes Price of Eggs As Sales Fall.

Sainsbury J. SBRY When a major supermarket group has to describe a 0.8% fall in like for like retail sales excluding fuel,  as a solid start to the year, then you know that the industry’s problems are massive and that this particular company and its management  are troubled.  But it has permanently slashed the price […]

Morrisons – Oh for Archie Norman, Or Even Our Ken

As expected, Morrison’s (MRW) results are fairly horrendous with the total full year dividend slashed from 13.65p to 5p, like for like sales down 2% and total turnover down by 4%. The only positive signs are that in quarter four, like for like sales rose by – wait for it – a tenth of one per […]

Retailers (Part 1) There’s No ‘Flys’ on Tesco

Tesco has problems but they are management problems which can be resolved if it can find a management team able enough to erase the long standing failures of the Leahy team which was directly responsible for Tesco’s current woes. Silly as it may seem, it may be best to get a grocer in and sack […]