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Spotify Wrapped arrived on Wednesday, packaged in its usual neon, Instagram-ready glory. In recent Decembers, the wrap-ification of our data has spread beyond Spotify. Duolingo kicked off the Wrapped season earlier this week, showing people how many mistakes they made while trying to learn a new language. About an hour after Spotify unveiled this year's Wrapped, its market cap reached $100 billion for the first time. Just this week, Spotify has dubbed me a "Laurel Canyon hippie" and crafted a vibe for a "yearning poetry Tuesday afternoon."
Persons: Duolingo, Clubcard, Tinder, Daniels, they're, Taylor Annabell, Evan Greer, Greer, Nina Vindum Rasmussen, Taylor Swift Organizations: Spotify, Apple, Starbucks, Tesco, Utrecht University, London School of Economics, Political Science, Big Tech
Morning Bid: British CPI first, then it's over to Jerome
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
Clubcard branding is seen next to shoppers inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Markets expect the Fed to keep rates on hold, but have priced about a 40% chance of another hike by year's end. Canada's bigger-than-expected bounce in consumer prices, driven by surging gasoline costs, might provide handy evidence for the Fed to err on the restrictive side of rates settings. Higher energy prices could also drive a surprise in British CPI at 0600 GMT, where economists see the year-on-year headline figure rising to 7% in August from 6.8% in July. China declined to cut rates, weighing on Chinese stocks, while currency trade was in a holding pattern.
Persons: Paul Childs, Tom Westbrook Jerome Powell, Sterling, Stocks, Jerome, Tom Westbrook, Muralikumar Organizations: REUTERS, Brent, Bank of, HK, Federal, Thomson Locations: London, Britain, Canada, Asia, China
REUTERS/Molly DarlingtonLONDON, April 19 (Reuters) - German discount supermarket Lidl on Wednesday won a trademark lawsuit against Britain's biggest retailer Tesco (TSCO.L) at London's High Court over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its "Clubcard Prices" discount scheme. However, the judge rejected Lidl's argument that Tesco had "the deliberate subjective intention of riding on Lidl's coat tails". A Lidl spokesperson said in a statement: "We are pleased that the court has agreed with us and that it will now order Tesco to stop using the Clubcard logo." Tesco said it intends to appeal against the ruling, which a spokesperson described as being "just about the colour and shape of the Clubcard Prices logo".
[1/2] Illuminated signage is seen at a branch of the Sainsbury's supermarket in London, Britain, January 7, 2022. Sainsbury's' "Nectar Prices" scheme offers discounts on items including household products, pet food and confectionary when members scan their Nectar app or swipe their card at the supermarket checkout, or if shopping online link their Nectar and Sainsbury's accounts. "We will keep refreshing Nectar Prices and increasing the variety of products on offer," said Sainsbury's CEO Simon Roberts. Nectar members will continue to earn points for purchases which can be spent either at Sainsbury's or with partners. The new initiative builds on a scheme launched in 2021 that saw Sainsbury's offer lower prices to Nectar members using its "SmartShop" self-scanner service.
[1/2] People shop next to the clubcard price branding inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Overall food prices, which include longer-life goods, rose by 13.8%, while non-food prices were 5.1% higher. BRC chief executive Helen Dickinson said she did not think shop prices had peaked yet, as retailers were still facing rising energy bills and labour shortages. The BRC collected its price data between Jan. 1 and Jan. 7. Figures released by market research company Kantar on Tuesday , which covered the four weeks to Jan. 22, showed annual grocery price inflation of 16.7%.
[1/2] Clubcard branding is seen inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. Tesco, like Sainsbury's, is absorbing some of its cost inflation rather than passing it all on to consumers. The group maintained its forecast for 2022-23 retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.9-$3.0 billion), down from the 2.65 billion pounds earned in 2021-22. It expects retail free cash flow of at least 1.8 billion pounds and profit from Tesco Bank of 120-160 million pounds. Shares in Tesco have fallen 17% over the last year, but are up 7% over the last month.
SummarySummary Companies UK Q3 like-for-like sales up 4.3%Six weeks to Jan 7 UK like-for-like sales up 7.2%Expects full year profit of 2.4-2.5 bln stgHas "good momentum" going into 2023LONDON, Jan 12 (Reuters) - Tesco (TSCO.L), Britain's biggest retailer, kept its full-year profit guidance after it joined rivals in reporting stronger than expected Christmas sales despite an escalating cost-of-living crisis. The supermarket group, which has a 27.5% share of Britain's grocery market, said on Thursday UK like-for-like sales rose 4.3% in its third quarter to Nov. 26 and were up 7.2% in the six weeks to Jan. 7. 2 supermarket group Sainsbury's reported a 5.9% rise in underlying sales for its Christmas quarter, while discounters Aldi UK and Lidl GB have also reported bumper Christmas sales. The group maintained its forecast for 2022-23 retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.9-$3.0 billion), down from the 2.65 billion pounds made in 2021-22. It expects retail free cash flow of at least 1.8 billion pounds and profit from Tesco Bank of 120-160 million pounds.
[1/3] The logo of retailer Lidl is seen in Schaenis, Switzerland April 3, 2019. He said in written arguments that Lidl’s underlying case is that Tesco has “copied Lidl’s logos ... to benefit from the association with Lidl’s reputation for high quality goods sold at a low price”. Documents provided to Lidl by Tesco in the course of the litigation also show that “many of their customers believe the Tesco [Clubcard Prices] logo to be the Lidl logo”, Brandreth added. A trial of Lidl’s initial lawsuit and Tesco’s remaining counterclaims is due to be heard at the High Court in London early next year. The case is Lidl Great Britain Limited and another v Tesco Stores Limited and another, CA-2022-001407.
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