Dragon Piers Linney’s Outsourcery sees share price fall on revenue growth miss September 24, 2014 Cloud computing firm Outsourcery, led by co-chief executive and BBC Dragons’ Den star Piers Linney, saw its shares fall 7.7 per cent yesterday to 15p as investors sold stock due to partners, including Vodafone, generating revenues for the firm slower than expected. Outsourcery reported a 65 per cent jump in revenue to £3.4m as [...]
Lidl clothing range: Discount retailer challenges British supermarkets on fashion front August 20, 2014 Not content with challenging big British supermarkets on food prices, discount favourite Lidl is taking the stores on in the fashion stakes. The German retailer is about to launch a fashion range for women that includes jeans, shoes and even leather jackets, with a men's range to follow later this year. From August 25th shoppers [...]
Bottom Line: Despite the convenience boom, UK grocers are still thinking big December 8, 2013 IF YOU need reminding of the grocery sector’s continuing ambition, all you have to do is step outside your office to the nearest supermarket convenience store. These compact ventures have sprung up across city centres, going from 2,000 branches in 1998 to 14,000 and climbing today, a rate of increase that may seem to put [...]
City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
Asos and M&S downgraded by UBS. Here’s why December 18, 2013 Some sobering news for UK clothes retailers this morning, as UBS cut its ratings for both Marks and Spencer and Asos from 'buy' to 'neutral'. M&S is trading in the red, having shed over four per cent to 434p, and is topping the FTSE 100's biggest fallers this morning. UBS said: We cut our forecasts [...]
London Report: Mining shares lift FTSE despite doubt over ECB September 2, 2014 BRITAIN’S top share index steadied near a two-month high yesterday, with some caution before the European Central Bank’s policy meeting tomorrow offsetting a rally in miners prompted by stronger metals prices. The blue-chip FTSE 100 index ended 0.06 per cent higher at 6,829.17 points after rising up to 6,849.28 points, the highest level since early [...]
Britain’s biggest companies call on Westminster for fundamental business rates reform September 16, 2014 Some of Britain's biggest businesses including Marks & Spencer, Sainsbury's, Tesco, General Motors and Tata Steel have called on the government to rip up the current business rate regime claiming the current system is “a critical problem for all of British business”. The controversial tax delivers around £25bn to the Treasury every year, but [...]
Tesco chairman Sir Richard Broadbent flies to Burma to broker F&F clothing deal July 2, 2014 Tesco chairman Sir Richard Broadbent flew to Burma this week to broker a deal that would see it source clothing from the country for its fast-growing clothing brand F&F. Broadbent, who travelled with group commercial director Kevin Grace, is understood to be meeting suppliers and government officials as well opposition leader Aung San Suu Kyi. [...]
City Moves for 14 August 2014 | Who’s switching jobs August 13, 2014 Now: Pensions Jamie Warren has been appointed head of legal at the independent multi-employer trust. He joins from Capgemini, where he was senior legal counsel. He has also worked as a senior solicitor at Esure Insurance, having qualified at law firm Nabarro. Liberum The investment bank has appointed Anna Hartropp to its banking team. Hartropp [...]
M&S Indian expansion to see country become second largest market November 11, 2013 Marks and Spencer has confirmed today that it plans to build a "leadership position" in India, as part of its strategy to become a leading international and multi-channel retailer. Chief executive Marc Bolland said that India is a "priority market" for M&S. The company already has 36 stores in India and the plans will see [...]