Waitrose draws up plans to open 300 small stores September 24, 2009 UPMARKET grocer Waitrose yesterday unveiled plans to take a bigger share of the convenience store market, saying it could open up to 300 smaller format stores, stepping up its challenge to top end rival Marks & Spencer . Waitrose, part of the employee-owned John Lewis Partnership, also said it would open more stores in motorway [...]
Waitrose draws up plans to open 300 small stores September 24, 2009 UPMARKET grocer Waitrose yesterday unveiled plans to take a bigger share of the convenience store market, saying it could open up to 300 smaller format stores, stepping up its challenge to top end rival Marks & Spencer . Waitrose, part of the employee-owned John Lewis Partnership, also said it would open more stores in motorway [...]
M&S and ITV brighten up dull day of trading for FTSE November 18, 2009 THE UK’s main market ticked down slightly yesterday, as an unexpected drop in US housing figures spooked investors and weakness in food retailers and tobacco firms outpaced gains in miners and energy companies. The FTSE100 closed 0.1 per cent lower at 5,342.13 with Cable & Wireless, Unilever, Vodafone and HSBC going ex-dividend. Marks & Spencer [...]
Gap is widening between best and worst brands October 20, 2009 THINGS have picked up on the high street over the last month, but it’s not a case of a rising tide lifting all boats: the recession seems to have made the customer more discerning. Of the 25 high street retailers which BrandIndex measures daily, we’ve taken three of our top-ranked, and compared them with three [...]
BEST OF THE BROKERS September 3, 2009 INMARSATGoldman Sachs said that Inmarsat’s recent underperformance has created an opportunity to invest in the shares. It believes there is 38 per cent potential upside to its 712p 12-month price target and has now added the stock as an “outperform” to its UK relative value list. DSG INTERNATIONALDSGI’s good sales figures deserved a better share [...]
BEST OF THE BROKERS September 3, 2009 INMARSATGoldman Sachs said that Inmarsat’s recent underperformance has created an opportunity to invest in the shares. It believes there is 38 per cent potential upside to its 712p 12-month price target and has now added the stock as an “outperform” to its UK relative value list. DSG INTERNATIONALDSGI’s good sales figures deserved a better share [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 3, 2009 FINANCIAL TIMES INDIA SOLD ON GOLDGold surged to an all-time high after India bought 200 tonnes of the precious metal, swapping dollars for bullion as the finance minister warned the economies of the US and Europe had ‘collapsed’. India’s decision to exchange $6.7bn for gold equivalent to eight per cent of world annual mine production [...]
Booker cuts debt pile as sales jump October 13, 2009 BOOKER, the UK’s largest cash and carry business yesterday said its first-half profits had climbed by 12 per cent. The group, which runs over 170 branches supplying corner shops, grocers, and restaurants, said it made a pre-tax profit of £29.7m in the 24 weeks to 11 September, up from £26.5m the year before. Booker said [...]
SIR STUART UNVEILS A CELEBRITY CRUSH AND A HOT ‘N’ SPICY FETISH November 4, 2009 SIR Stuart Rose was on fire yesterday as he churned out Marks & Spencer’s (M&S) half-year figures in his customary staccato tones, pausing only to dwell upon his favourite subjects. The presentation, you see, included the unveiling of the retailer’s latest Christmas advertising campaign, which will this year feature regulars singer Myleene Klass and model [...]
SIR STUART UNVEILS A CELEBRITY CRUSH AND A HOT ‘N’ SPICY FETISH November 4, 2009 SIR Stuart Rose was on fire yesterday as he churned out Marks & Spencer’s (M&S) half-year figures in his customary staccato tones, pausing only to dwell upon his favourite subjects. The presentation, you see, included the unveiling of the retailer’s latest Christmas advertising campaign, which will this year feature regulars singer Myleene Klass and model [...]