Morrisons’ hunt for a new chief moves closer to check-out with ex-Tesco boss David Potts in pole position February 22, 2015 Morrisons is close to announcing the appointment of a new chief executive, with former Tesco executive David Potts said to be in pole position for the job. The Bradford-based supermarket group is expected to make an announcement within weeks after last month ousting Dalton Philips, who failed to revive its fortunes. Potts was Tesco’s longest [...]
The runners and riders to take over from Dalton Philips as CEO January 13, 2015 “EXPECT an ex-Tesco employee – there are plenty around,” one analyst joked yesterday when asked who would take over from Dalton Philips as Morrisons boss. After several management changes at Tesco over the last three years, there are certainly a few among the list of potential candidates. One of them is not Philip Clarke, who [...]
Retail reunion at Shore Cap’s Christmas lunch December 11, 2014 The who's who of the retail world trotted over to the Montague on the Gardens Hotel yesterday to share a Christmas toast (and another, and another) with Shore Capital’s retail guru Clive Black. Any airs and graces were brushed aside as each guest arrived at their table to find some sort of festive [...]
Miseryville: Thames floods worsen February 10, 2014 Evacuations by the Thames as floods continue RESIDENTS in communities along the river Thames have pleaded with the government to send in the army as river levels continued to rise overnight with more rain forecast for the rest of this week. Thames Valley Police declared a major incident in east Berkshire, the Environment Agency warned [...]
Tesco’s UK chief Richard Brasher set to step down March 14, 2012 TESCO’S chief executive of UK operations Richard Brasher is set to step down just one year after taking the position. Group chief executive Philip Clarke will assume responsibility for Tesco’s home operations. Richard Brasher joined Tesco in 1986 and was appointed to its board eight years ago today, on 15 March 2004. He took the [...]
Price war cut food inflation December 6, 2011 CUSTOMERS are benefiting from intense competition between supermarkets, according to data out today from the British Retail Consortium. Food price inflation fell for a second consecutive month to 4.0 per cent in the year to November, compared with 4.2 per cent in October. Overall shop prices rose 2.0 per cent in the twelve-month period, down [...]
FTSE falls to two-week low as chaos in Libya unsettles traders February 21, 2011 THE top share index fell yesterday as tensions in oil producer Libya sent crude prices sharply higher and jolted investors out of riskier assets such as banks and miners. The FTSE 100 index ended down 68.19 points, or 1.1 per cent, at 6,014.80, its lowest close since 4 February. It pulled back sharply after a [...]
FTSE falls to two-week low as chaos in Libya unsettles traders February 21, 2011 THE top share index fell yesterday as tensions in oil producer Libya sent crude prices sharply higher and jolted investors out of riskier assets such as banks and miners. The FTSE 100 index ended down 68.19 points, or 1.1 per cent, at 6,014.80, its lowest close since 4 February. It pulled back sharply after a [...]
Retailers and commodities push FTSE to three-week high December 7, 2010 Britain’s top shares closed at their highest level in over three weeks yesterday, lifted by commodity makers and retailers as equities remained the preferred asset class among investors despite macro concerns. The FTSE 100 ended up 38.17 points, or 0.7 per cent, at 5,808.45, having closed 0.4 per cent higher on Monday and 7.3 per [...]
Retailers and commodities push FTSE to three-week high December 7, 2010 Britain’s top shares closed at their highest level in over three weeks yesterday, lifted by commodity makers and retailers as equities remained the preferred asset class among investors despite macro concerns. The FTSE 100 ended up 38.17 points, or 0.7 per cent, at 5,808.45, having closed 0.4 per cent higher on Monday and 7.3 per [...]