RECLUSIVE TYCOONS VIEW €35M SHOW BOAT September 5, 2011 WHAT TO do when there are simply no luxury yachts on the market you want to buy? Easy – start your own yacht business and build your own, as Richard Beattie did when he discovered an alarming lack of “contemporary 21st-century superyachts” for sale. “I fully expected to just go and buy one I liked, [...]
Labour goes to war over living costs February 28, 2011 THE squeeze on middle earners exploded into a political battle yesterday, after Labour leader Ed Miliband accused the government of imposing a “cost of living crisis for ordinary families… for years to come.” The Conservatives hit back, attacking Labour for causing “the deepest recession since the war” while leading the UK to a record annual [...]
CITY MOVES | WHO’S SWITCHING JOBS February 6, 2011 Pinsent Masons The law firm has appointed Barry Vitou (pictured) to its dispute resolution team. He joins the firm from the London office of US firm Winston & Strawn, where he headed its regulatory and tech practice. He will be working with Danvers Baillieu, a senior associate advising on online and tech business issues. Vitou [...]
John Lewis sales hike fuelled by World Cup June 11, 2010 JOHN Lewis has posted a 20.6 per cent hike in sales in the week to 5 June compared with the same time last year. The chain saw sales of £54m, it said in a trading statement which attributed the rise to sales of sportswear stoked by the World Cup. The employee-owned firm, which is seen [...]
Debenhams: our market share is up January 10, 2011 DEBENHAMS claimed it was winning market share from rivals as it posted a small rise in sales over the key Christmas trading period that was affected by December’s snow. Sales at stores open more than a year increased 0.3 per cent including VAT sales tax in the 19 weeks to 8 January. Chief executive Rob [...]
West End Christmas sales up on last year, exceeding rest of UK December 12, 2010 WEST end shops recorded a 7.6 per cent rise in November sales compared to last year, it was announced today. Promotions such as the traffic free VIP Day (“Very Important Pedestrians”) boosted sales, according to retail trackers Springboard. The surge was considerably above the relatively flat 0.7 per cent increases in the rest of the [...]
FTSE dips as miners take hit January 14, 2011 The FTSE 100 opened lower today as weaknesses on Wall Street overnight took their toll on European markets. Mining stocks were in the firing line, with falling commodity prices and talk of an interest rate hike in China, dragging share prices down. Xstrata fell by more than one per cent in early trading. Banking stocks [...]
Shoppers return to stores after snow December 5, 2010 SNOW may have kept people at home for much of last week, but consumers hit the stores as soon as milder weather returned, according to data released yesterday. John Lewis recorded falls in sales on Wednesday and Thursday, compared to the same days last year. However, a weekend surge saw the department store surpass £100bn [...]
Shoppers return to stores after snow December 5, 2010 SNOW may have kept people at home for much of last week, but consumers hit the stores as soon as milder weather returned, according to data released yesterday. John Lewis recorded falls in sales on Wednesday and Thursday, compared to the same days last year. However, a weekend surge saw the department store surpass £100bn [...]
John Lewis sees another sales rise May 14, 2010 JOHN Lewis has posted another week of sales growth with fashion sales up by more than a fifth. The employee-owned firm – which is seen as a bellwether of the UK retail sector – said sales at its 28 department stores and one “at home” store increased 17.7 per cent to £55.1m in the week [...]