In charts: Spending on Black Friday, Cyber Monday and Manic Monday to peak at £470k per minute November 26, 2014 Retailers including Tesco, Marks & Spencer, John Lewis, Amazon and Currys PC World are gearing up for what are tipped to be some of the biggest shopping days of the year. The retailers have unveiled a whole range of deals on everything from electricals like TVs, tablets and other gadgets to designer watches, clothing and [...]
Davos 2015 World Economic Forum: Top execs gather for grand old Duke of York January 22, 2015 It takes a lot to overshadow a quantitative easing programme on the scale of the one announced by the European Central Bank yesterday, but the Duke of York’s private life somehow managed it. Squeezed eight-deep into the Salon Rotary at the Belvedere Hotel, bosses from BP, Citi, Marks & Spencer and Diageo turned up to [...]
FTSE rebounds on expectations of European QE – London Report January 7, 2015 Britain’s top equity index gained nearly one per cent yesterday, rebounding from a three-week low as Eurozone consumer price data raised expectations of new stimulus from the European Central Bank. The blue chip FTSE 100 index, which had fallen in the last three sessions and hit its lowest since mid-December on Tuesday, finished 53.32 points, [...]
Fears over Greek election and oil prices hit FTSE – London Report January 5, 2015 AFALL in major energy stocks and worries over the political outlook in Greece knocked down Britain’s top equity index yesterday. The blue-chip FTSE 100 closed down two per cent at 6,417.16 points. The index also retreated 0.3 per cent on Friday, after falling 2.7 per cent in 2014. Weaker energy stocks, including BP and Royal [...]
In pictures: Black Friday UK 2014 – police called to branches of Tesco and Asda as crowds swamp stores November 28, 2014 Police have been called to supermarkets all over the UK amid fears of overcrowding, as shoppers stormed supermarkets in order to grab some Black Friday deals. US import Black Friday has prompted shoppers to flock to stores as retailers like Sainsbury's, Marks & Spencer and John Lewis slash prices. There are huge discounts available on everything [...]
As Apple’s iPhone 6S lands will mobile payments change the way we live? December 11, 2015 Today’s smartphones can do incredible things. Need a ride around London? Just tap the Uber app. Fresh flowers or food from a local restaurant delivered straight to your door? Try Bloom & Wild or Deliveroo. These apps are fantastic, but there's a new smartphone feature set to fundamentally revolutionise the high street and how [...]
Here’s why one bank thinks Marks & Spencer is set to outperform January 23, 2014 Exane BNP Paribas has shown some kindness to poor Marks & Spencer this morning after generously upgrading its recommendation to “outperform”, sending shares up more than two per cent. The French bank, which previously had an “underperform” rating on the stock, bravely argues that after three years of difficult trading and a history of underinvestment, [...]
Marks & Spencer hit by analyst downgrades to profit forecasts January 6, 2014 MARKS & Spencer was dealt a further blow after two city brokers slashed their full-year profit forecasts for the embattled retailer, sending shares lower yesterday. Analysts at house broker Citigroup cut their full-year profit forecast by £10m to £630m after a gloomy trading statement from rival Debenhams last week, and amid fears of heavy discounting [...]
M&S poaches John Lewis finance director Helen Weir November 17, 2014 Marks & Spencer has appointed John Lewis finance director Helen Weir as its own chief financial officer. In a statement posted this afternoon, the retailer said Weir has yet to confirm a start date. M&S' previous finance director, Alan Stewart, left suddenly in September to take up his new role at Tesco several months earlier [...]
The fast lane: Spencer Ogden co-founder David Spencer-Percival talks medevacs, detoxes, the youth of today and why banks get a hard time June 7, 2015 It is unlikely that David Spencer-Percival, co-founder of Spencer Ogden, will be reading this any time soon. On Saturday, he and his wife embarked on a caffeine, alcohol and tech detox in an Ibizan forest. “I feel frazzled. Our offices are end-to-end in terms of timezones, so I just never stop. You have to have [...]