John Lewis cooks up sales growth thanks to homeware goods December 15, 2013 JOHN LEWIS said a rush for roasting tins and carving trays helped drive sales last week up 1.4 per cent on last year to £149.9m. But this growth has slowed from a whopping 11 per cent year-on-year rise in 2012, which one analyst said could be a symptom of a patchy performance on the high [...]
John Lewis to open at Westfield London November 12, 2013 JOHN Lewis confirmed plans yesterday to open a new store in Shepherd Bush’ s Westfield shopping mall. The new John Lewis, the partnership’s fifth in London, will anchor the 600,000 square feet extension planned for Westfield London, due to open in 2017.
FTSE buoyed as Draghi speech reverses trend – London Report November 17, 2014 BRITAIN’S top share index turned positive late yesterday after European Central Bank president Mario Draghi said unconventional monetary policy measures could include buying sovereign bonds. Draghi also told the European Parliament the ECB will continue to do “whatever it takes” within its mandate to save the euro and that the single currency was irreversible. The [...]
More changes on the Tesco board as Ken Hanna and Stuart Chambers quit May 5, 2015 It's all-change at Tesco at the moment: following the appointment of Dave Lewis as chief executive and John Allan as chairman, two of the supermarket's non-executive directors have decided to step down. More on this story: Is Sainsbury's about to have its Tesco moment? Ken Hanna and Stuart Chambers, who have served on the board for [...]
John Lewis hit by week delay of Black Friday November 24, 2013 CHRISTMAS sales at John Lewis slowed last week, as tough comparatives from a year ago prevented a repeat of last week’s stellar growth. The department store group reported sales of £111.9m in the week to 23 November, up 2.1 per cent on the same week last year, as the cold weather drove sales of coats [...]
Fashion chain Hobbs winds up sister label NW3 after £1.9m loss September 7, 2014 Hobbs’ trendy NW3 fashion line is to disappear by the end of the year as part of chairman Phil Wrigley’s turnaround plan for the loss-making group. The former New Look boss, who joined Hobbs in January, is leading a restructuring of the retailer after it suffered a £1.9m loss last year and saw sales slump [...]
Licence to frack: Government gives green light to 27 new onshore oil exploration sites August 18, 2015 The government has given the green light for 27 licences to explore onshore oil and gas, as it looks to strengthen the UK's nascent shale industry. The Oil & Gas Authority confirmed today that the licences from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies. Sites located [...]
We’re proud to support Epsom June 5, 2015 HEAD OF GLOBAL MARKETING, INVESTEC On behalf of Investec, I am delighted to welcome City A.M’s readers to the 2015 Investec Derby Festival. This prestigious event embodies energy, determination and performance – the same qualities our team possess in specialist banking, asset management and wealth & investment. Now in our seveth year of sponsorship, we [...]
Just 15 per cent think challenger banks are better than big lenders August 26, 2014 New banks want to establish themselves as a fresh alternative to the dominant high street banks which have taken the blame for the financial crisis. But it is a tough ask. For new research out today from U-Switch suggests the public is not impressed with their offerings so far. Just 15 per cent think the [...]
John Lewis confirms new store for Westfield London November 12, 2013 John Lewis confirmed its plans to open a new store in Shepherd Bush's Westfield shopping mall this afternoon. The four-storey store will be the partnership's fifth in London, will cover 230,000 sq ft and is expected to create 600 new jobs when it opens in 2017. The shop will stock over 350,000 lines and include an [...]