Watched an interesting documentary about the travails of the UK food retailing industry last night on Channel 4 Dispatches. It is not on their catch up service so you can probably still catch it if you want on another of their channels this week or if it is repeated.
I had intended to do a thorough review here but I lost all my work so I'll just do a few bullets - which may actually be better.
Finally, I would note that there are new executives in place at JS and Tesco although only the new guy at Tesco is a genuine new pair of hands as it were. I also note that former Tesco executive Andrew Higginson has been announced as the new Chairman elect of Morrison's. So as I say more questions than answers I'm afraid but it does make it seem like the apparent value on offer in the sector may still be a trap and it will be interesting to see what effect the new guy at Tesco has.