Fixed or tracker: As Brexit prompts mortgage rates to tumble, how long should borrowers hold out for? July 12, 2016 Brexit might have thrown markets into turmoil, but if you’re thinking of taking out a mortgage, or are remortgaging, rates are about to get even more competitive. Since the referendum began in earnest, investors have clambered to buy government bonds, driving down yields and enabling mortgage lenders to offer more long-term funding. Banks have been [...]
Tesco shares hit on Dunnhumby discount fears August 13, 2015 SHARES in Tesco slid by 2.58 per cent yesterday over fears it may have to sell its data arm Dunnhumby for less than it had hoped after bidders discovered that the business was not as profitable as they had thought. Dunnhumby was put up for sale this year for around £2bn. But some bidders are [...]
Week ahead: Volatile markets are forecast ahead of the referendum June 20, 2016 Recent wild swings in the FTSE 100 are expected to continue until the European Union referendum on Thursday as polls show the electorate evenly split on the decision. At last week’s close, the FTSE rose from a four-month low, up 1.2 per cent, to 6,021.09 points. It was, however, down 1.5 per cent for the week, [...]
National living wage to hit convenience stores including Tesco, Morrisons and Sainsbury’s September 24, 2015 Convenience retailers warned today that they may have to reduce staff hours or cut jobs entirely to fund George Osborne’s national living wage of £9 for over-25s by 2020. Britain’s convenience sector employs around 407,000 staff and consists of around 50,000 stores – of which fewer than 2,500 are run by Tesco, Morrisons and [...]
Black Friday UK 2015: Tesco reveals deals on Digihome TVs, Acer laptops, Samsung tablets, Beats headphones and hundreds more ahead of launch on 27 November November 25, 2015 Tesco has just revealed some of the huge deals that will be on offer on Black Friday, with online bargains going on sale from midnight on 27 November while stores will open at 5am on the day. Top deals include the Digihome 49” large screen LED TV with Freeview, available for £199, saving £150, Beats Solo 2 On-Ear [...]
For Asda boss Andy Clarke, the nadir may be yet to come May 20, 2016 It takes a brave man to call the bottom. It's just so easy to get it wrong. Asda boss Andy Clarke certainly appears to have jumped the gun when he said last August that the Walmart-owned supermarket had reached its “nadir”. At the time, his words were meant to give reassurance that, although the business [...]
Wanted: A bold government housing strategy that delivers for the young rather than the old December 6, 2016 If Brexit wasn’t dominating British politics, then one other issue would be: the lack of housing. If you know someone under 30, living in London and able to afford their first home, then your friend belongs to the country’s richest percentile. For most people, even for those on what used to be a decent median income, owning [...]
Aldi is hungry for a 10 per cent share of the grocery market July 6, 2016 It's a tough time for supermarkets, but as the price war between the Big Four rages on, Aldi's UK chief executive says he is aiming to take a 10 per cent share in the grocery market. Speaking to City A.M., Matthew Barnes, Aldi's chief executive in UK and Ireland Matthew Barnes said: "We will have 10 per cent [...]
Tesco’s Harris + Hoole coffee shops lose founders and bosses Nick, Andrew and Laura Tolley July 22, 2015 The founders and bosses of Harris + Hoole, the coffee shop chain part-owned by Tesco, are leaving the company amid the supermarket's asset sell off. The sibling founders Nick Tolley, Andrew Tolley and Laura Tolley, who are chief executive, coffee director and chief design officer respectively will depart next month, Retail Week reports, retaining their [...]
Tesco: Here’s who is eyeing up its South Korean business Homeplus September 8, 2015 Embattled retailer Tesco has reportedly invited five private equity firms, and one department store chain, to bid for its South Korean unit Homeplus which is valued at around about $6bn (£3.9bn). US-based KKR and Carlyle Group are among the potential runners and riders, according to a report by Reuters. London-based CVC Capital Partners, Hong Kong-based Affinity Equity Partners and [...]