Sainsbury’s calls for high street reform February 12, 2012 SAINSBURY’S chief executive Justin King will this week urge the UK to be “brave enough” to shrink its ailing high streets and convert empty stores into houses or even classrooms. King will call for a greater mix between “retail and other activities” to help make high streets “not just a poor second to out of [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
Who’s switching jobs November 6, 2012 Sainsbury’s Bank Peter Griffiths has been appointed chief executive of the supermarket bank, effective 19 November. He was previously chief executive of Principality Building Society. Griffiths has also worked as chief operating officer at Morgan Chambers, a consultancy, and head of commercial services at NatWest Group IT. RBC Wealth Management Nick Reid has been appointed [...]
Justin King hits out at Osborne October 9, 2012 SAINSBURY’S chief executive Justin King has criticised chancellor George Osborne’s plan to allow employees to swap workplace rights for shares in their firms. The supermarket boss told a retail conference that the plan is “not what we should be doing”, adding that such a scheme would destroy trust between the public and some of Britain’s [...]
Cheap doesn’t always mean bad but be prepared for a challenge October 29, 2012 bottleopener@cityam.com THE £5 bottle of wine has long been a staple in everyone’s shopping baskets but that’s changing. Today’s 20 per cent VAT and the general impact of inflation is quickly making it nothing more than a distant memory. With that in mind, accompanied by six City A.M. readers, I set on a quest to [...]
What the other papers say this Morning October 18, 2012 FINANCIAL TIMES ArcelorMittal explores iron ore sale ArcelorMittal is exploring the sale of a stake in its $10bn Canadian iron ore business, as the world’s biggest steel company struggles to cope with the downturn in its key commodity. People familiar with the matter said ArcelorMittal had appointed advisers and had been sounding out potential buyers [...]
City Moves | Who’s switching jobs November 4, 2012 Legal & General Property Bill Page has been appointed business space research manager at the property fund management firm. He joins from Jones Lang LaSalle, where he was most recently head of Europe, Middle East and Africa offices research. Page has also held roles at the Estates Gazette Group. Quindell Portfolio Robert Thompson has been [...]
Sainsburys ups market share as Morrisons lags November 6, 2012 J SAINSBURY, Britain’s third-biggest supermarket group, has lifted its market share, helped by investment in its cheaper own-brand products, industry data showed yesterday. Market researcher Kantar Worldpanel said Sainsbury’s sales rose 6.4 per cent in the 12 weeks to 28 October, increasing its share of the UK grocery market to 16.8 per cent from 16.4 [...]
The Tipster | Bookmaker to pay over the odds October 1, 2012 ATTENTION will be focused on William Hill this week. The UKs largest bookmaker has recently been told that a £350m offer for Sportingbet “significantly undervalues” the online sports betting company. With Sportingbet due to report tomorrow, investors will be closely monitoring whether William Hill is likely to pay over the odds. Spread Co quotes a [...]