Report comment

"Low margin" and "well placed for members" type statements- sounds rather familiar to those made by Costcutter upon losing a substantial amount of MFG sites. Word it however you like the loss of a contract this large is going to have an effect and terms such as "current trading is strong" ignore the longer term effects this decision could have.

Off topic slightly does this a) ended a potential deal with J Sainsbury for Nisa? and b) Have Costcutter and Select & Save made decisions on their respective supplier arrangements? If not management at Nisa should surely at least attempt to resign one or both symbol groups as part of an overall plan going forward from this news.