All 2 entries tagged Finance
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January 23, 2007
It’s several years since supermarkets were last checked to see if they were anti-competitive. Since then, the answer’s become even clearer. Corner shops and convenience stores are lucky if they’re reporting declining sales. At least they haven’t shut up shop already.
But despite this, the Competition Commission has given the supermarkets plenty of breathing space while outlining their ‘emerging thinking’ today. And where’s the evidence? Well, it’s on the right. If the stockbrokers think that an across-the-board rise in supermarket share prices is appropriate, it probably means they’re going to get an easy ride.
The inquiry says it’s now going to “go local”. But you have to wonder if they’ll bother to speak to any of the thousands of people put out of business by the 800lb gorillas in the market.