Aldi and Lidl on way to eclipse rivals in 3 years: That’s the worrying message to Asda, Sainsbury (J) (SBRY) and Tesco (TSCO) new discounter Jack’s. Aldi and Lidl are preparing to dismantle the dominance of Britain’s biggest supermarkets within three years despite frenzied efforts to stop them. The German discounters are growing so fast that their combined share of the grocery market could eclipse Asda and Sainsbury’s by 2021. The historic switch will take place despite moves by the three biggest supermarkets to cut price, which have included Tesco launching Jack’s. The new chain, first reported in The Mail on Sunday, is named after Tesco founder Jack Cohen.
Tensions mount ahead of crunch Unilever (ULVR) vote that could allow the company to shift its HQ to Rotterdam. Top shareholders in Unilever have raised fears that arcane powers may be used to swing a crucial vote to allow the company to shift its head office to Rotterdam. The concerns suggest the fight over the future of the Marmite owner’s corporate base could become increasingly hostile. Unilever plans to move its headquarters out of London and ditch its FTSE 100 status. But City institutions have lined up to attack the proposals ahead of a vote on October 24.
Tempers are fraying at Kate’s favourite Joules Group (JOUL) as fashion retailer is facing a shareholders’ revolt. One of the Duchess of Cambridge’s favourite fashion retailers is facing a shareholders’ revolt this week over fears its founder could take control of a larger part of the business. Set up by Tom Joule in 1989, Joules has become a favourite of ‘yummy mummies’ and the country set. Mother-of-three the Duchess of Cambridge is a fan of the brand.
MIDAS SHARE TIPS: Tempted to play the market? Games maker Sumo Group (SUMO) is going super-Sonic. Midas Verdict: Sumo is a well-run business, with loyal customers and high profit margins in a fast-growing market. Most of its staff are based in South Yorkshire, which has developed a reputation for creativity and innovation in the video gaming world. At 164p, the shares are a buy.
MIDAS SHARE TIPS UPDATE: Dividend rises as Finsbury Food Group (FIF) profits hit £17m. Midas verdict: When Midas recommended the stock in January 2015 the price was 63p. Last week, the shares closed at 122p. Shareholders have had a good run but should not sell now, as the price is likely to rise. New investors could also find value at current levels.
