Dettori delight as he brings up Royal Ascot 50 June 17, 2015 THREE-TIME Champion Jockey Frankie Dettori thanked Qatari racing supremo Sheikh Joaan Al Thani after becoming only the fourth man to ride 50 winners at Royal Ascot. Dettori piloted Richard Hannon-trained 13-2 shot Osaila to victory by a nose in the Sandringham Handicap to join a select group that includes Lester Piggot, Pat Eddery and Willie [...]
GlaxoSmithKline considers £17bn HIV wonder drugs split with Viiv Healthcare IPO October 22, 2014 Pharma giant GlaxoSmithKline (GSK) is considering floating its HIV drugs business in a move that would see Viiv Healthcare among the top 40 companies in the FTSE 100 with a market valuation of up to £17bn. Chief executive Andrew Witty told reporters yesterday: “In line with our commitment to identifying ways to realise shareholder value, [...]
Intertek leads the way as FTSE buoyed by data – London Report October 29, 2014 BRITAIN’S top equity index yesterday rose to its highest level in nearly three weeks on the expectation that the US Federal Reserve would signal that it was in no rush to raise interest rates. However, late last night – after the London close – investors elsewhere in the world were betting that a US rate [...]
Indian summer hurts shop sales in September October 7, 2014 HIGH street sales growth came to a grinding halt last month for the first time since February after Britain’s Indian summer put shoppers off stocking up on winter clothing, according to new research out today. Accountancy firm BDO’s monthly high street sales tracker shows sales dipped by 2.9 per cent in September, ending the first [...]
Tesco rushes in new finance boss September 23, 2014 TESCO has rushed in its new finance director Alan Stewart to start two months earlier than planned after a £250m profit error and new industry data yesterday showing a slide in quarterly sales plunged the retailer into further turmoil. The retailer, which had billions of pounds knocked off its share price after revealing the error [...]
David Cameron fires starting gun for grand bargain with Europe May 22, 2015 Newly re-elected Prime minister David Cameron will hold his first talks with European Union leaders today, as he attempts to renegotiate the terms of Britain's membership in the bloc ahead of a referendum in 2017. "Today I will start discussions in earnest with fellow leaders on reforming the EU and renegotiating the UK's relationship with [...]
And the nominees are… September 7, 2014 TOMORROW: ACCOUNTANCY FIRM OF THE YEAR ALDI The German discounter has taken the British high street by storm. Aldi now has a 4.6 per cent share of the UK market, up more than one third in a year due to consumers choosing its quality and low prices over the more established retailers. It has even [...]
BHS brand is losing its homeliness to high street rivals – Brand Index March 24, 2015 BHS is one of Britain’s most recognisable retailers, but has experienced troubles in recent years, prompting Sir Philip Green to sell the company for £1 to Retail Acquisitions. The new owner is already looking into the possible closures of a third of the chain’s 171 stores. YouGov BrandIndex underlines the difficulty BHS has had competing [...]
SSP share price rises as travel giant delivers jump in sales following IPO August 8, 2014 Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month. The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three [...]
Marks and Spencer unveils new collection May 14, 2014 HIGH street giant Marks and Spencer has revealed its 2014 autumn/winter collection of womenswear, in a bid to bolster a small upturn in fashion sales. In figures released last month, the retailer saw a 0.6 per cent rise for the first three months of the year, against 10 quarters of decline.