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 [...]
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 [...]
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.
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 [...]
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 [...]
Scottish independence: Now Tesco Bank says it will move to England September 11, 2014 Tesco Bank has confirmed it will redomicile in England in the event of Scotland gaining independence, following commitments from four other major banks this morning. The supermarket's personal finance arm issued a statement this afternoon saying that it had been “developing contingency plans…. regardless of the outcome of the referendum” throughout the campaign. [...]
Everything is not awesome: Lego to drop Shell contract after Greenpeace oil spill video goes viral October 9, 2014 Greenpeace knows the value of social media. So does Lego. And, if it didn't before, now Shell does too. The toy manufacturer has announced it will not renew its multi-million-pound contract with the oil giant, after a parody video using Lego blocks to depict an Arctic oil spill went viral, notching up nearly six [...]
BG vote against £12m share award may make a Norwegian blue November 19, 2014 Desperate times call for desperate measures. How else to interpret the crude insinuation from BG Group that its newly anointed chief executive might not join if investors vote down a one-off share award worth £12m? The FTSE 100 oil producer certainly falls into the camp signposted “urgent need”, which explains why the lavish pay [...]
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 [...]
End of the Terry Leahy era for Tesco as Ken Hanna and Stuart Chambers step down May 5, 2015 The last two non-exec directors who served during Terry Leahy’s reign at Tesco are to step down, in another shake-up of its board following last year’s profit scandal. Tesco said yesterday that Ken Hanna and Stuart Chambers would retire at the firm’s annual general meeting on 26 June, after serving on the board for six [...]