Retailers go head to head with results October 3, 2010 SUPERMARKETS are set for a showdown this week as Tesco, J Sainsbury and Marks & Spencer post interim results. Smaller retailers Ted Baker, Halfords and Greggs are also due results, in a week that will indicate how the High Street has fared since the general election. Tesco is expected to post a 10 per cent [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2010 Wiggle Andy Bond, the chairman and former chief executive of Asda, has joined the board of the online sports and cycling retailer as a non-executive director. Bond, who is a keen cyclist, joined Asda in 1994 as a marketing manager. He held various positions including chief operating officer and marketing director before winning the top [...]
ITV offloads 50pc stake in Screenvision September 28, 2010 ITV has offloaded its 50 per cent stake in cinema advertiser Screenvision to US private equity fund Shamrock Capital for $80m (£50m). ITV chief executive Adam Crozier called the deal an “important step” for the firm as it works to consolidate its broadcasting empire. He said the deal fits into ITV’s “transformation plan to focus [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 18, 2010 FINANCIAL TIMES EXXON ABANDONS ITS $4BN BID FOR GHANA OIL STAKE Following months of battle with Accra, ExxonMobil, the world’s biggest western oil company, has given up trying to acquire a share of Ghana’s giant Jubilee oil field from Kosmos, the American oil company. The $4bn deal was heavily opposed by Ghana’s government and its [...]
Henry: Self-made millionaire who brought Red Sox glory October 6, 2010 PROSPECTIVE Liverpool owner John W Henry knows what it takes to revive the dwindling fortunes of a world famous sporting name, having done as much with Boston Red Sox. Henry, 61, and his holding company New England Sports Ventures took control of the baseball franchise in 2002 and by 2004 had ended their 84-year wait [...]
JP Morgan analyst in hot water after Asda meeting February 22, 2010 A JP Morgan analyst has been suspended after allegedly gate-crashing a private Asda supplier meeting. Rickin Thakrar, in his mid-20s, wrote an explosive research note, revealing management thought stores had become “boring”, despite being explicitly banned from attending the event. He gleaned private information about the firm’s plans just days before it released its results. [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Keep control of your car insurance October 21, 2010 CAR insurers have hit drivers with the biggest annual price hike on record, and premiums are expected to continue rising into 2011. The cost of annual comprehensive car insurance soared 39.3 per cent in the 12 months to the end of September – the biggest annual jump recorded since the benchmark AA British Insurance Premium [...]
Pandora lists in strong $2bn market debut October 5, 2010 Pandora, the Danish jeweller, made a strong debut in one of Europe’s largest bourse listings this year, worth up to $2.1bn (£1.3bn), as investors bought into prospects for its main product – charm bracelets. Analysts said Pandora’s high growth and strong margins made its initial public offering (IPO) attractive to investors hungry for new stock [...]
Versatile Yardy in no rush to gatecrash England Test side July 18, 2010 ALL-ROUNDER Michael Yardy admits he is not ready to break into the Test arena despite his promising one-day form. The Sussex captain has established himself as a key member of England’s limited-overs set-up, helping the Three Lions to World Twenty20 success and a 50-over series victory over Australia so far this summer. But unlike fellow [...]