Post workers to own 10pc of Royal Mail September 22, 2010 AT least 10 per cent of Royal Mail will be owned by employees when the postal service is eventually privatised, Vince Cable announced yesterday. Speaking at the Liberal Democrat conference in Liverpool, the business secretary said Royal Mail’s 155,000 workers would benefit from the “largest employee shares scheme of any privatisation for 25 years”. He [...]
Post workers to own 10pc of Royal Mail September 22, 2010 AT least 10 per cent of Royal Mail will be owned by employees when the postal service is eventually privatised, Vince Cable announced yesterday. Speaking at the Liberal Democrat conference in Liverpool, the business secretary said Royal Mail’s 155,000 workers would benefit from the “largest employee shares scheme of any privatisation for 25 years”. He [...]
Debenhams is bullish as tips profit up 20pc September 14, 2010 DEBENHAMS yesterday said that its pre-tax profit for the year would rise 20 per cent – thanks to rising online sales and the performance of its designer ranges. The company suggested profit would hit £150m as its discounting and store expansion helped to fuel figures £3m above analysts’ forecasts. However, sales at stores open at [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 9, 2010 FINANCIAL TIMES TRICHET CALLS FOR TOUGHER EURO RULES Eurozone members that break the region’s rules on public finances should be excluded temporarily from Europe’s political decision-making, the president of the European Central Bank has proposed. The controversial suggestion by Jean-Claude Trichet would be part of a “quantum leap” in the governance of Europe’s 11-year old [...]
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 [...]