Tesco set to report slower sales growth October 4, 2009 TESCO, Britain’s biggest retailer, is set to report slower underlying UK sales growth than rival J Sainsbury for the fifth quarter in a row this week, alongside a small rise in first-half profit. But analysts expect Tesco to flag a stronger second-half profit performance, and some see signs it is beginning to close the gap [...]
Supermarkets to dominate this week October 4, 2009 It’s off to the supermarket this week, with Tesco and J Sainsbury both due to give investors a taste of how the year is shaping up. Tesco reports its interims tomorrow, which will include Tesco Personal Finance (TPF) as a consolidated entity for the first time. UBS expects the chain to indicate that it is [...]
TAKING AFTERNOON TEA WITH THE GRAND DAMES OF THE BUSINESS WORLD September 21, 2009 THE City’s most illustrious ladies flocked to the House of Commons yesterday for afternoon tea at the launch of “Women for Boards”, the new initiative from super-recruiter Anna Mann to get more women onto the boards of Britain’s biggest firms. The idea was hatched in the middle of last year, when Mann, a founder of [...]
M&S searches for next Rose September 20, 2009 Marks and Spencer yesterday hit back at claims that shareholders were wary of an internal candidate being appointed to succeed Sir Stuart Rose. Earlier this month Rose’s key ally and food boss of the retail chain, John Dixon, was elevated to the main board – suggesting to observers that he will be in the running [...]
City Moves for 15 September 2009 | Who’s switching jobs September 14, 2009 White & CaseThe law firm has appointed London partner Oliver Brettle to its global executive committee. Brettle will retain his responsibilities as executive partner in the London office, which he has led for the past year. He replaces New York-based partner Dimitrios Drivas on the committee. Drivas is stepping down from the post to devote [...]
J Sainsbury names Tyler September 13, 2009 SUPERMARKET chain J Sainsbury has appointed former GUS finance director David Tyler to become its next chairman. Tyler will be taking over the role of Sir Philip Hampton as head of Britain’s third largest supermarket group. Hampton earlier this year said he would relinquish the position to allow him to concentrate on his chairmanship of [...]
J Sainsbury names Tyler September 13, 2009 SUPERMARKET chain J Sainsbury has appointed former GUS finance director David Tyler to become its next chairman. Tyler will be taking over the role of Sir Philip Hampton as head of Britain’s third largest supermarket group. Hampton earlier this year said he would relinquish the position to allow him to concentrate on his chairmanship of [...]
HOW WOULD YOU RATE WM MORRISON’S PERFORMANCE? September 10, 2009 NICK BUBB PALI INTERNATIONALThe results were in-line with expectations, but that shouldn’t take anything away from what was a very good performance. Dare I say it, it was better than Sainsbury’s. The stores they bought from the Co-operative Group opened earlier than expected, and that bodes well for the longer-term push into smaller stores. SAM [...]
Marks & Spencer promotes Dixon to the board fuelling Rose succession talk September 9, 2009 MARKS & Spencer (M&S) has promoted its head of food, John Dixon, to its executive board, strengthening his chance of succeeding Stuart Rose as chief executive next year. M&S has always said it would prefer an internal candidate to succeed Rose, and signs of recovery at the group’s upmarket food business in recent months have [...]
UBC buys Radio Lynx for 2.4m August 20, 2009 UBC Media, the radio-content company, has bought marketing group Radio Lynx for a total of £2.4m, it said yesterday. Radio Lynx provides advertisers with marketing campaigns to put out on radio stations and websites. Clients include P&O Ferries, Coca-Cola, Lloyds Bank and Sainsbury’s. The deal allows UBC to extend its share of the marketing services [...]