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Topic: Somerfield

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	Somerfield - Wikipedia, the free encyclopedia
		Somerfield is a chain of small to medium-sized supermarkets operating in the United Kingdom.
		Somerfield was subject to takeover speculation from 2003 onwards, a substantial part of the group's appeal to bidders lying in the value of its property portfolio rather than its trading operations, as this offered the potential to leverage its financing after a takeover.
		Somerfield plc was acquired by the consortium consisting of Apax Partners Worldwide LLP, Barclays Capital and the Tchenguiz Family Trust with effect from 21 December 2005, when the name of the group changed to Somerfield Ltd.
	en.wikipedia.org /wiki/Somerfield (1950 words)

	Somerfield
		Somerfield, the chain of 1,300 supermarkets, is to be acquired by a consortium led by Apax Partners for £1.1bn.
		Somerfield is to use its delivery fleet to provide a food distribution service for small stores throughout the country, as part of a strategy to focus more on neighbourhood retailing.
		Somerfield is set to award a £25m contract for the construction of a distribution depot in Leeds.
	www.ukbusinesspark.co.uk /sod02654.htm (1541 words)

	Welkom to the FeshPlaza.
		Somerfield, which owns more than 700 Somerfield and 520 Kwik Save stores, is already being courted by a consortium including Icelandic retailer Baugur and Iranian tycoon Robert Tchenguiz, and the Livingstone brothers' London and Regional property group.
		Shares in Somerfield immediately jumped 5p to 202½p on the back of the news, although they are still well below the 218p achieved in early April when the first bid approaches were made.
		Somerfield completed the purchase of 13 Texaco forecourt convenience stores last week and agreed to lease a further 105 which Texaco sold to property group Azure Property LLP.
	www.freshplaza.com /2005/09mei/rn2_uk_n_coopsomerfield.htm (311 words)

	The Observer \| Business \| Somerfield gives up on ethics
		Somerfield, which has about 800 stores in Britain, was bought last December for £1.1bn by the Tchenguiz-led consortium.
		The Ethical Trading Initiative said: 'Somerfield informed us that the decision was taken after the company entered private ownership on 21 December, which prompted them to reconsider their short- and medium-term business priorities.
		Somerfield's decision comes as a report written by the Future Laboratory, a branding consultancy, and commissioned by American Express, shows that a third of UK shoppers now regard themselves as 'conscious consumers', who, says the survey, 'have faith in themselves to be an agent of change'.
	observer.guardian.co.uk /business/story/0,,1769090,00.html (454 words)

	TCS - Media reports > Somerfield gains edge off-shore
		Supermarket chain Somerfield plans to outsource 30% of its IT development work to India, after a systems integration project with Asian IT services giant Tata Consultancy Services (TCS) cut costs by more than £1m and vastly improved overall efficiency.
		Somerfield's IT department by reducing the number of systems it uses, which include 300 applications, 900 interfaces, 4,000 batch jobs and 120 different databases.
		However, by adopting an offshore/onshore approach, Somerfield avoided job cuts by allocating the specification and most of the implementation work to the head office in Bristol, while the development work was carried out in Calcutta.
	www.tcs.com /0_media_room/reports/200304apr/20030429_somerfield.htm (423 words)

	Somerfield next on the takeover list? (Site not responding. Last check: 2007-10-20)
		Somerfield, which is the smallest of the leading nationwide food retailers in the UK, has been struggling for many years to keep pace with its larger rivals, and in particular has taken years to recover from the ill-fated acquisition of the discount food retailer Kwik Save.
		Somerfield has around 1,400 stores, most of which are medium sized, and is not thought likely to attract the same level of trade interest as Safeway — although a piecemeal acquisition of some of the company's stores could interest the other supermarket operators if that became necessary as part of a takeover.
		Somerfield did not give a reaction to the bid, but said simply that “the proposal is subject to a number of conditions and it is uncertain whether an offer will ultimately be made”.
	www.foodnavigator.com /news/ng.asp?n=17372-somerfield-next-on (384 words)

	Somerfield safe, for now (Site not responding. Last check: 2007-10-20)
		Somerfield said that it welcomed the clarification from Springwater, whose bid for the chain also involved selling a number of outlets to the Sainsbury's group.
		But Somerfield's board added that it was concerned by Sainsbury's decision to file a merger notice with the Office of Fair Trading regarding clearance to acquire Somerfield 171 stores — outlets which the company has not agreed to sell.
		Somerfield appears to have ridden out the current storm, but as it continues to strengthen its position it will inevitably be all the more coveted by the larger players- certainly once the long-running Safeway takeover saga is over.
	www.foodnavigator.com /news/ng.asp?id=17653 (704 words)

	Somerfield News, Announcements, Reports & Results (LSE:SOF) (Site not responding. Last check: 2007-10-20)
		Somerfield PLC said it has appointed Paul Mason as chief executive with effect from March 6 after the resignation, with immediate effect, of current CEO Steve Back.
		Somerfield PLC 20 December 2005 SOMERFIELD PLC ("SOMERFIELD") RESULT OF SECOND COURT HEARING The Board of Somerfield is pleased to announce that at a hearing held earlier today, the Court confirmed the Capital Reduction of Somerfield associated with the...
		Somerfield PLC 16 December 2005 SOMERFIELD PLC ("SOMERFIELD") RESULT OF FIRST COURT HEARING The Board of Somerfield is pleased to announce that at a hearing held earlier today, the Court sanctioned the Scheme by which the recommended acquisition of Somerfield...
	www.advfn.com /company-news-LSE/Somerfield-Plc-SOF.html (971 words)

	expressandstar.com:competitions and promotions (Site not responding. Last check: 2007-10-20)
		Somerfield will be at the Royal Show, Stoneleigh Park, Warwickshire, from June 29-July 2, where they’ll be showcasing their quality regional produce in the Somerfield Local Life Marquee.
		Somerfield is committed to supporting local and regional farmers and smaller suppliers.
		Somerfield is dedicated to its local communities and the development and support of farming within the UK.
	www.expressandstar.com /es/features/competitions/somerfield.shtml (421 words)

	Success Story \| Capgemini
		The Somerfield Group, based in Bristol, England, incorporates the Somerfield and Kwik Save supermarket business units, which together operate nearly 1,300 stores throughout the UK with annual turnover of £5.1 billion.
		Somerfield was working with Capgemini to explore a future store program and the various initiatives that might be incorporated into this strategy.
		The unique interactive format allowed Somerfield to explore a variety of topics relevant to their company, view technology demos, and agree upon a clear set of initiatives for their organization.
	www.capgemini.com /resources/success-stories/somerfield (466 words)

	Somerfield Selects Business Objects Analytic Applications for Enterprise Performance Management
		Somerfield has purchased BusinessObjectsT Application Foundation, an analytic application framework, to build a dashboard that will monitor enterprise performance metrics in order to drive improvements in sales and operational efficiency.
		"Somerfield has joined the growing number of organizations that are turning to EPM solutions, based on Business Objects technology, to align their strategy and operations in order to drive business success," said Steve Broughton, UK managing director for Business Objects.
		Somerfield's focus is on its key strength as the UK's biggest neighbourhood supermarket offering easy to shop convenience in smaller high street stores with a focus on its fresh food offer, modern ready meals, premium own brand lines and a quality range of wines.
	www.businessobjects.com /news/press/press2003/somerfield.asp (650 words)

	BBC NEWS \| Business \| Competition hits Somerfield sales
		Somerfield, the UK supermarket chain being stalked by potential bidders, has reported weakening sales as it faces intense competition and subdued demand.
		Somerfield chief executive Steve Back warned that there was "no certainty at this time that an offer for the group will be forthcoming".
		The main drag on the Somerfield group's sales came from its Kwik Save chain, where like-for-like sales were 6.4% lower in the nine weeks to 2 July.
	news.bbc.co.uk /go/rss/-/2/hi/business/4654793.stm (414 words)

	Guardian Unlimited Business \| \| Somerfield rejects bid
		The board of supermarket group Somerfield last night slammed the door on potential bidders John Lovering and Bob Mackenzie, saying their 103p-a-share offer was not enough.
		Somerfield chairman John von Spreckelsen said the entrepreneurs' bid failed to "reflect the value of the business".
		The Somerfield statement said the board's decision was unanimous, but gave no indication of how inadequate it regarded the entrepreneurs' offer.
	business.guardian.co.uk /story/0,3604,942203,00.html (419 words)

	BBC NEWS \| Business \| Suspension for Somerfield shares
		Somerfield is in the process of being bought by a private equity group led by property tycoon Robert Tchenguiz.
		At the end of November, Somerfield said that its shares would be suspended from 19 to 21 December as part of legal moves to push the deal through.
		Somerfield accepted a £1.1bn ($1.9bn) bid from the consortium, also including Apax Partners and investment bank Barclays Capital, in October.
	news.bbc.co.uk /go/rss/-/1/hi/business/4541438.stm (154 words)

	Regulator rules Somerfield purchase anti-competitive
		It looks likely that Somerfield might be forced by the UK's competition regulator to sell 14 of the 100 former Safeway stores it purchased from Wm Morrison, a move that might provide a modicum of relief to food processors under pressure from retailer buying power.
		Somerfield and other interested parties have until 16 August to respond to the Commission's findings before it issues a final decision.
		In April Somerfield announced that a consortium made up of investment firms had made a bid for the company, valuing the group at about £1.1bn.
	www.foodnavigator.com /news/ng.asp?id=61555 (532 words)

	Guardian Unlimited \| Special reports \| Somerfield rejects Baugur approach
		Somerfield has a property portfolio valued in 1996 at £360m.
		Last night Baugur, which has a 5% stake in Somerfield, refused to comment on the rejection but executives are thought to have been surprised as they believed they had answered all the directors' questions.
		Somerfield's concerns probably centre on whether Baugur would slash its offer after seeing its books.
	www.guardian.co.uk /supermarkets/story/0,12784,1424990,00.html (314 words)

	RedOrbit - Science - Somerfield Tired of Waiting for the Bid Queue to Move
		Somerfield today said it had conducted extensive talks "with a number of parties".
		Analysts said this could be taken to mean Somerfield would like the Takeover Panel to issue a "put-up-or-shut-up statement", setting a deadline for the bidders to act.
		Somerfield also said group sales for the first 16 weeks of the year to 20 August were down by 1.8 percent, with Somerfield stores showing a 0.3 percent rise and Kwik Save a 5.7 percent fall.
	www.redorbit.com /news/display?id=236372&source=r_science (290 words)

	BITC - The Somerfield Group – Reaching Out with the Muscular Dystrophy Campaign (Site not responding. Last check: 2007-10-20)
		Somerfield and the Muscular Dystrophy Campaign launched their partnership in July 2003 after Somerfield and Kwik Save staff selected the charity as the Group's Charity of the Year for 2003/04.
		The Somerfield Group also used this partnership to strengthen supplier relationships through encouraging direct involvement in the partnership.
		The partnership was also communicated on 670 million jointly branded carrier bags and in both the Somerfield Group’s and the Muscular Dystrophy Campaign’s internal and external magazines (combined monthly readership of 3 million).
	www.bitc.org.uk /resources/case_studies/crmsomerfieldrea.html (622 words)

	Somerfield stops email flood with archiving - Computing (Site not responding. Last check: 2007-10-20)
		With 1,255 stores around the country and a staff of 54,000, the retailer needed a system to manage email storage, especially with the growing legal requirements on how long emails must be retained in case they ever need to be presented as evidence in court.
		By using individual vaults instead of the storage-hungry PST file option offered by Microsoft Outlook, the system will be able to hold files in a central repository in their original form, but compressed and secured so that only the company can delete them.
		Somerfield corporate cost audit controller, Colin Clarke, said the retailer wanted to do more than just throw additional disk space at the problem of storing all the emails for its 3,500 Microsoft Exchange users.
	www.computing.co.uk /vnunet/news/2123502/somerfield-stops-email-flood-archiving (680 words)

	Somerfield 'breaches' competition rules \| This is Money
		RETAIL group Somerfield is expected to have to sell up to 14 of the 115 supermarkets that it bought from William Morrison last year after the Competition Commission ruled that their purchase would reduce competition in their surrounding areas.
		The Competition Commission's ruling today is a spanner in the works for Somerfield, which is currently at the centre of a £1.1bn bidding war.
		At the weekend it emerged that Somerfield’s chief executive and finance director, Steve Back and David Cheyne, are in discussions with the private equity firm Apax, which is one of two groups bidding to take over the company.
	thisismoney.co.uk /news/article.html?in_article_id=402544&in_page_id=2 (424 words)

	Somerfield Charity Ball 2006
		The Somerfield Ball Committee is delighted to welcome you to join us for our 10th Anniversary Charity Ball.
		The money we raise will help ACH continue their work in helping life-limited children and their families with the emotional and physical challenges they face by providing expert care and a range of other essential support in a home-from-home environment or in the comfort of their own home.
		Since 1996 the Somerfield Ball Committee have now raised over £5.8m for charities throughout the UK, this could not have been achieved without your continued support - thank you.
	www.somerfieldball.org (259 words)

	Baugur to remain part of Somerfield bid consortium - reports - Forbes.com (Site not responding. Last check: 2007-10-20)
		However, the Daily Telegraph reported that Baugur's place in the Somerfield bid consortium was not assured, and that a further announcement could come later today.
		Somerfield is also being pursued by a rival group consisting of the Livingstone brothers, owners of the David Clulow optician chain, and Japanese investment bank Nomura.
		The takeover battle pushed shares in Somerfield, the UK's fifth-biggest supermarket chain, to a lifetime high of 220 pence in April.
	www.forbes.com /home/feeds/afx/2005/07/04/afx2121977.html (520 words)

	Somerfield deal nearly done \| This is Money
		THE battle for Somerfield could finally be reaching a conclusion after the supermarket chain agreed a 197p a share deal with a consortium led by the Tchenguiz Family.
		Somerfield, whose shares closed shot up 7p to 194p this morning, rebuffed a 190p-a-share offer from Baugur, the acquisitive retail group from Iceland.
		Somerfield has 6% of the UK supermarket trade, almost twice as much as Waitrose but half that of the Morrisons/Safeway group.
	thisismoney.co.uk /news/article.html?in_article_id=404357&in_page_id=2 (495 words)

	Somerfield initiated with "underweight" \| newratings.com (Site not responding. Last check: 2007-10-20)
		LONDON, October 15 (newratings.com) - Analyst Alastair Johnston of JP Morgan initiates coverage of Somerfield (SOF.ISE) with an "underweight" rating.
		In a research note published this morning, the analyst mentions that the visibility into the outcome of the company's ongoing restructuring activities is poor.
		Somerfield is unlikely to meet the consensus for 2004/05, the analyst says.
	www.newratings.com /analyst_news/article_495921.html (194 words)

	Somerfield rejects Baugur bid
		But Somerfield last week rejected the possible bid, saying that the various pre-conditions imposed by the Icelandic group were unacceptable and that there was “no certainty that the proposal would deliver a formal offer to shareholders at an appropriate level”.
		Indeed, Sainsbury has already made an offer for Somerfield — back in June 2003 — which was rejected both by the Somerfield board and the competition authorities, a move which flagged up the growing level of interest in a newly resurgent Somerfield (and the problems likely to face any bid from a major supermarket group).
		Both chains have prime high street locations for their stores, but their trading positions are radically different, and both have spent large amounts of cash on revamping stores in recent years, making them unlikely to want to go through the whole process again.
	www.foodnavigator.com /news/news-ng.asp?id=58405 (513 words)

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