Labour leader to be unveiled in September May 13, 2015 LABOUR party supporters will need to wait until September to find out who will replace Ed Miliband as the party’s leader. Acting leader of the Labour party Harriet Harman said late yesterday that the new leader would be announced at a special conference on 12 September. Harman took over as acting leader of the opposition [...]
Business group slams Labour plan for enforced profit sharing March 16, 2015 POTENTIAL Labour party plans to force companies to share profits with staff have been slammed by the Institute of Directors as “counterproductive” and a deterrent to investment. The policy to force firms with over 50 employees to set up profit-sharing schemes in the style of John Lewis is reportedly being considered by Ed Miliband in [...]
Dixons Carphone share price rises as it announces disposal of German business April 15, 2015 High street giant Dixons Carphone today announced plans to sell its German phone retail business to telecoms firm Drillisch. The FTSE 100 retailer said it will dispose of The Phone House Deutschland before the end of May, in a deal under which Dixons Carphone will receive a three per cent stake in Drillisch, with potential further deferred [...]
Tesco’s share price soars as supermarket beats expectations for Christmas trading as sales rise January 14, 2016 Tesco has beaten expectations for its Christmas trading, with sales up for the six weeks to 9 January, prompting the supermarket's share price to soar more than seven per cent this morning. The figures The UK's largest retailer grew group sales by 2.1 per cent in the six weeks to 9 January, with UK like-for-likes [...]
Brighthouse getting its house in order July 1, 2015 Rent-to-buy boss tells Kasmira Jefford why it has a valid place on the high street THE OWNERS of Brighthouse couldn’t have picked a better name to sum up the UK’s biggest rent-to-own retail chain. Its bold red and yellow fascia above window displays that promise “low weekly payments” and “no deposit” unashamedly seek to grab [...]
House of Fraser posts record sales in first year under Nanjing Xinjiekou as it ramps up international expansion April 21, 2015 House of Fraser's new owners will be toasting their decision to acquire the business, which has revealed record like-for-likes for the year. The figures Like-for-like sales at the department store were up 5.8 per cent, with gross total value (GTV) rising to £1.3bn. Profits rose £29.6m to £460.2m while adjusted EBITDA rose seven per [...]
Analyst Views: How did Dixons Carphone do well over Black Friday and Christmas? January 21, 2015 ALISTAIR DAVIES | INVESTEC Careful planning and tactical promotions have enabled Dixons Carphone to deliver a strong Christmas trading performance, with the business taking profitable market share through Black Friday….We continue to see scope for upgrades at Dixons Carphone through market outperformance and synergy benefits. DAVID JEARY | CANACCORD GENUITY The strength of trading performance [...]
London Technology Week: The hunt for London’s unicorn tech startups June 15, 2015 There's no doubting the impressive numbers rolling out of London Tech Week. There’s also no lack of people willing to shout about these impressive feats, whether it be entrepreneurs, investors, economists, or the mayor himself. More than a dozen of London’s tech types today gathered near the summit of the Shard to kick off London [...]
Investment banking more popular than at any time in the last three years March 13, 2015 Investment banking has become one of the most attractive careers for Londoners and surged to its most popular level in three years. Global recruiter Randstad polled over 10,000 workers to discover how attractive different industries are to the UK's workforce. In London, investment banking is now the third most popular sector following electronic engineering and [...]
John Lewis reveals the five brand new technologies it’s investing in May 27, 2014 John Lewis today crowned the five technology startups that have won a place in the retailer’s technology incubator, called JLAB. The winners were chosen from a shortlist of 30 companies that were given five minutes last week to pitch a product that will help ensure John Lewis’s stores and website remain at the forefront [...]