Markets/Ireland/News

Ireland news

19 May 2014
Boots’ full year results revealed a revenue increase of 4.3% to £23,367m, while trading profit increased by 0.4% to £1,270m. Boots attribute its flat line growth to increasingly competitive markets. Health and beauty division sees stable performance Boots’ health and beauty division reported solid revenue up 2.4%, to £7,662m. The UK market accounted revenue of £6,697m, up 2.2%, with...
14 May 2014
The Irish grocery market is starting to recover, seeing an improvement for the first time in six months. Discounters dominate, while Supervalu sees growth According to the most recent market share figures, 12 weeks ending 27 April, discounters continue to grow, with Aldi revealing a surge of 22%, gaining a market share of 8.0% and Lidl increasing its share by 12.2% to 7.6%. Supervalu saw p...
12 May 2014
Major Ireland and UK symbol group operator and wholesaler, Musgrave has announced full year figures for 2013, with overall sales largely flat on € 4.8bn, but with profit down by 16%, impacted by tough trading conditions in all its markets. Outperforming in Ireland While the grocery market in the Republic of Ireland has seen no growth over the last year the Musgrave retail brands were all p...
09 May 2014
Discounter Lidl has revealed that it is behind Secret Garden Dublin: a pop up restaurant in Meeting House Square from 5th to 9th May. All Irish menu The Secret Garden was hosted by Dublin Pop Up, co-owned by chefs Harry Colley and C úán Greene, but diners had no idea that they were feasting on meals created solely by Lidl products. Colley and Greene created dishes with an Irish Nostal...
08 May 2014
The single-price point retailer has revealed full year sales of almost £1bn for 2013/14. S ales near £1bn mark In its full year update, Poundland has revealed it achieved sales of £997.8m in the year to 30th March, an increase of 13.3% on the previous year. While the value retailer will disclose its full audited results on 3rd July, it is said to have delivered 'a good underlying profit ...
29 April 2014
Aldi and Lidl continue to deliver above the Irish market growth rate, while Tesco faces challenges in the latest figures released by Kantar Worldpanel. Aldi and Lidl continue to push new boundaries In the 12 weeks ending March 30 2014, Aldi and Lidl continued to grow in Ireland, with Aldi increasing its share to 7.9%. Lidl was boosted by double digit sales growth, of 11.1%, for the fourth conse...
16 April 2014
Tesco has reported full year sales growth of 0.3% to £70.9bn (incl VAT) and trading profit down 6.0% to £3.3bn, delivering results that reflect the challenging and fast changing markets in which Tesco operates. UK: "difficult and more competitive trading environment" In its domestic UK market, Tesco's same store sales fell 1.4% (on an ex VAT ex fuel, IFRIC13 compliant basis, -1.3% ...
08 April 2014
Irish symbol group ADM Londis plc has reported a jump in profit before tax to €1.67m. Organic sales up 1% Irish symbol group ADM Londis plc has announced an increase of 35% of profit before tax for calendar 2013 on 2012’s €1.23m. This improvement was driven by a shift in the sales mix away from low margin categories and increased volumes through Londis’s higher margin chilled distribution netwo...
04 April 2014
Laurie Mcllwee, Chief Financial Officer and Executive Director at Tesco has decided to step down from his position and resign from the company. Mcllwee to stay in role until new CFO is appointed Recent press reports had suggested that such a move was on the cards, with Tesco taking the decision to confirm such rumours. To ensure a smooth handover Mcllwee has agreed to remain in his role whi...
18 March 2014
Celesio has announced a slight fall in sales for the fiscal year 2013 while reporting continuing progress in its broader strategy. Group revenue decrease by 3.9% Total group revenue declined by 3.9% from €22,270m to €21,407m in 2013. Celesio attributes the deconsolidation of the Czech operations in November 2012 and the Irish wholesale operation in May 2013, along with currency effects, to this...