Andy Hornby eyed for Coral June 26, 2011 ANDY Hornby, the former chief executive of Alliance Boots, has been named as a frontrunner for the top job at Coral, the bookmaker. Hornby, 44, stood down from Alliance Boots, owner of the high street chemist, in March, after saying he needed “a few months’ break”. However, according to weekend reports, he is tipped to [...]
Andy Hornby eyed for Coral June 26, 2011 ANDY Hornby, the former chief executive of Alliance Boots, has been named as a frontrunner for the top job at Coral, the bookmaker. Hornby, 44, stood down from Alliance Boots, owner of the high street chemist, in March, after saying he needed “a few months’ break”. However, according to weekend reports, he is tipped to [...]
Walmart in overseas lift as US drags May 17, 2011 WALMART posted a bigger-than-expected jump in quarterly profit yesterday despite a further drop in sales at US stores. A strong performance overseas fuelled the profit as the US market lagged behind. Walmart’s international sales rose 11.5 per cent to almost $28bn (£17.2bn) for the three months to the end of April. Markets including China and [...]
ASDA appoints new top exec November 1, 2010 Asda yesterday announced that experienced retailer Simon King will join the WalMart-owned supermarket business as its new chief operating officer in January 2011. He is currently the chief executive of supermarket and hypermarket operator Panda Retail, a subsidiary of The Savola Group, based in Saudi Arabia. Until 2009 he was chief of Tesco Kipa in [...]
Public spending still over half of GDP July 21, 2011 ED Miliband should be happy: Britain officially remains a state-dominated economy. For all the talk of “swingeing” cuts, public spending is set to remain at 50.1 per cent of GDP in 2011, according to the latest OECD predictions. This is an astonishing figure: more than half the economy, which by one definition means that the [...]
Public spending still over half of GDP July 20, 2011 ED Miliband should be happy: Britain officially remains a state-dominated economy. For all the talk of “swingeing” cuts, public spending is set to remain at 50.1 per cent of GDP in 2011, according to the latest OECD predictions. This is an astonishing figure: more than half the economy, which by one definition means that the [...]
Asda sales up as it creates 7,500 UK jobs November 16, 2010 ASDA, owned by Wal-Mart, yesterday reported a return to underlying sales growth in its fiscal third quarter, helped by a focus on low prices and the relaunch of its core own-brand grocery range. The country’s second-biggest supermarket chain behind Tesco also said yesterday it would create more than 7,500 jobs next year by opening new [...]
TESCO CAPS ITS PRICE CHECK OFFER March 27, 2011 TESCO has been forced to cap its offer to refund double the difference on products that can be bought for less at Asda. The supermarket giant has introduced a £20 maximum refund on its Price Check offer after canny shoppers researched Asda deals and made sizeable claims. Tesco claims they profited by finding Asda promotions.
UK’s retail sales hold steady May 24, 2011 ACTIVITY on the UK high street is “subdued, but steady,” according to the latest research by the Confederation of British Industry (CBI). Retail sales are “holding up about as well as can be expected,” the CBI said yesterday, after announcing that sales have remained surprisingly resilient this month. A positive balance of 18 per cent [...]
Iceland profits reach record high June 10, 2011 Frozen food giant Iceland’s profit soared by almost 15 per cent in the past year as cash-strapped shoppers felt the pressure from rising food prices, it reported. Net profit before tax rose 14.8 per cent to £155.5m in the year ending March 2011, compared with £135.4m in 2010, in what Iceland described as a record [...]