Lloyds brings in the machines with plan for mini-banks February 20, 2014 LLOYDS is looking at setting up a range of mini-branches across London with fewer staff and more machines, City A.M. understands. The aim is to plugs gaps in the bank’s coverage across the capital, while keeping costs low. It marks a new stage in the banking sector’s plans to cope as branches receive fewer visits [...]
Fat Face moves closer to stock market debut January 20, 2014 Clothes shop Fat Face is ratcheting up its plans to seek a listing on the London Stock Exchange, and has brought in a slew of bankers to advise on a possible flotation. Bridgepoint, the private equity group that owns Fat Face, hired financial advisory group Lazard in December to assess options. And after strong Christmas [...]
Waitrose and Tesco to set up Tube collection January 29, 2014 TESCO and Waitrose are opening six click-and-collect points each in the London Underground this year, as part of TfL’s efforts to get more retailers using the Tube. The supermarkets will follow Asda, which is running a six-month trial in car parks near Tube stations, with plans to open more outlets this year. Tesco will launch [...]
Tesco and Waitrose set to open Tube shops January 29, 2014 Tesco and Waitrose are opening six click-and-collect points each in the London Underground this year, as part of TfL’s efforts to get more retailers using the Tube. The supermarkets will follow Asda, which is running a six-month trial in carparks near Tube stations, with ambitions to open more outlets. Tesco will launch at station car [...]
Fancy a taste of James’ Britpop? | City A.M. January 15, 2014 CAN YOU remember what 1993 tasted like? Well, if you’re curious, Blur bassist-cum-cheese wizard Alex James has applied to trademark a new drink – called Britpop. The application doesn’t give away any clues as to what the drink will taste like but we can just imagine the Cool Britannia branding now. It’s not the first [...]
Fancy a taste of James’ Britpop? January 12, 2014 CAN YOU remember what 1993 tasted like? Well, if you’re curious, Blur bassist-cum-cheese wizard Alex James has applied to trademark a new drink – called Britpop. The application doesn’t give away any clues as to what the drink will taste like but we can just imagine the Cool Britannia branding now. It’s not the first [...]
Barclays releases key profit figures early February 10, 2014 We've got some early Barclays news. The bank has released some key figures ahead of its full year results (due tomorrow at 7.00am). Within the results, Barclays will announce adjusted profit before tax for 2013 of £5.2bn and statutory profit before tax of £2.9bn. Barclays' pre-released figures don’t factor in additional charges for litigation and [...]
Morrisons loses market share to its competitors January 14, 2014 WM MORRISON’S troubles over Christmas were further underscored yesterday by figures that showed that the grocer was the only one of the big four supermarkets to suffer a fall in overall sales in the past 12 weeks. Kantar Worldpanel data showed the retailer’s market share dropped to 11.5 per cent in the 12 weeks to [...]
Sainsbury’s chief to step down after ten year rule January 29, 2014 SAINSBURY’S chief executive Justin King is to step down after ten years at the helm, having overseen nine years of consecutive growth and restored the company’s status as Britain’s second largest supermarket chain. King will step down at the company’s annual general meeting in July, when he will be replaced by Sainsbury’s commercial director Mike [...]
3 ways Morrisons will change your supermarket March 13, 2014 Morrisons’ extensive and rapid loss last year, and its foreseeable future profit warning, perhaps put it ahead of other supermarkets in terms of how quickly it needs to change. But the changes it needs and is planning to make affect all mainstream supermarkets. Indeed, the shares of all of them have lost this morning on [...]