Earnings season should bring upside surprises October 11, 2010 THIRD quarter earnings season is already well underway in the US with Alcoa last week reporting better-than-expected figures. And with the latest earnings reports being readied for the laminator in Europe this week, many analysts are anticipating a run of consensus-beating results. In light of very low company guidance, contracts for difference (CFD) traders could [...]
John Lewis sales up after thaw January 21, 2010 JOHN Lewis’s sales shot up last week as the big thaw saw customers flooding back. The department store chain reported an 11.1 per cent rise in turnover – with more than half its outlets up on last year’s equivalent sales. Fashion sales were up 19 per cent with cold weather clothing. Oxford Street grew sales [...]
JOHN LEWIS SMASHES RECORDS January 5, 2010 BELLWETHER retailer John Lewis posted a surge in sales over the Christmas period, including its best ever week’s trading, and forecast a slow recovery in consumer spending in 2010. “As the year progresses we expect to see a long slow recovery with the retailers who continue to focus on giving customers what they want prospering,” [...]
Mitchells & Butlers chairman John Lovering to resign January 23, 2011 JOHN Lovering is set to step down as chairman of the pubs group Mitchells & Butlers this week, a year after taking over following an investor-led board battle. Lovering, the former chairman of retailer Debenhams, has told the board he wants to leave as soon as a successor is found, because he feels he has [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 13, 2010 FINANCIAL TIMES F&C OPPOSES US POLITICAL DONATIONS BY NEWS CORPORATION F&C, the UK asset manager, will vote against the re-election of News Corp’s audit committee chairman at its upcoming annual meeting on Friday over the media group’s million-dollar political donations to the Republican Governors Association and the US Chamber of Commerce.“We are concerned to see [...]
SPORT | IN BRIEF January 3, 2011 Isner survives Mahut rematch TENNIS: American John Isner secured victory in two sets against Frenchman Nicolas Mahut in the Hopman Cup, as the pair met for the first time since last year’s epic first-round Wimbledon clash. It took over 11 hours for the pair to be separated on that occasion, but here the giant American [...]
SPORT | IN BRIEF January 3, 2011 Isner survives Mahut rematch TENNIS: American John Isner secured victory in two sets against Frenchman Nicolas Mahut in the Hopman Cup, as the pair met for the first time since last year’s epic first-round Wimbledon clash. It took over 11 hours for the pair to be separated on that occasion, but here the giant American [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 29, 2010 FINANCIAL TIMES WAITROSE EYES DUCHY ORIGINALS US PUSH Waitrose is making its first foray into the US through its Duchy Originals range, the label founded by Prince Charles. The supermarket arm of the employee-owned John Lewis Partnership is talking to North American retailers and distributors about selling Duchy Originals products in US stores. PENSIONS REGULATOR [...]
CITY MOVES | WHO’S SWITCHING JOBS August 24, 2010 Insynergy The boutique investment management firm has appointed Nicola Large as its new commercial director. Large joins from emerging markets-focused private equity firm Actis, where she was an analyst in the investor development group, focusing on the African private equity and global infrastructure sectors. She also previously worked in corporate finance at Smith and Williamson. [...]
Ocado shifts 80pc of shares as IPO hangs in the balance July 19, 2010 OCADO’S future was finely poised last night, with sources close to the firm’s planned £1bn flotation saying it has only shifted 80 per cent of the shares on offer. The firm maintained it is pleased with the progress and is confident it will sell the remainder of the shares but would not comment on the [...]