Activist investors eye bumper 2011 as market improves March 6, 2011 THIS year has started well for activist investors, those outspoken stake-builders that push boards to buck up their strategy. 2011 has kicked off with a spate of high profile public exchanges between funds and their targets. Activists claimed their first major scalp last month when Sherborne Investors ousted City veteran Nick MacAndrew from the chair [...]
Activist investors eye bumper 2011 as market improves March 6, 2011 THIS year has started well for activist investors, those outspoken stake-builders that push boards to buck up their strategy. 2011 has kicked off with a spate of high profile public exchanges between funds and their targets. Activists claimed their first major scalp last month when Sherborne Investors ousted City veteran Nick MacAndrew from the chair [...]
John Lewis sales boost shows confidence is back November 15, 2009 Bellwether retailer John Lewis provided fresh signs of confidence seeping back into the high street by reporting a 17.1 per cent rise in sales last week compared to last year. And the group said that the past week’s trading is also £500,000 up on 2007, pre-credit crunch, when shoppers spent £71.98 on average each. John [...]
Ocado issues IPO prospectus July 4, 2010 OCADO will this morning unveil the prospectus for its ambitious initial public offering, which it hopes will value the firm at more than £1bn. The online grocery delivery firm will begin a two week roadshow tomorrow as it seeks to convince investors it is worth the monster sum despite never turning a profit. Ocado, which [...]
Ocado issues IPO prospectus July 4, 2010 OCADO will this morning unveil the prospectus for its ambitious initial public offering, which it hopes will value the firm at more than £1bn. The online grocery delivery firm will begin a two week roadshow tomorrow as it seeks to convince investors it is worth the monster sum despite never turning a profit. Ocado, which [...]
Time for Johnson to make the Red Rose bloom again February 2, 2011 ENGLAND begin this year’s RBS 6 Nations as the bookmakers’ favourites and, with an encouraging autumn series behind them and three home games in the championship, the initial predictions were that Martin Johnson’s ripening side, currently ranked fourth in the world, would be able to live up to those lofty expectations. In mid-November a record [...]
NEVER KNOWINGLY UNDERSOLD April 20, 2010 RETAIL partnership John Lewis is rolling out a new £6m advertising campaign – its most expensive ever – as it returns to its roots by emphasising its “never knowingly undersold” proposition. The campaign features a woman progressing through the key phases of her life and how the John Lewis brand accompanies her at every stage.
John Lewis online sales surge October 25, 2009 Online clothing sales at John Lewis, the employee-owned department store, have surged since it revamped its website last month, and introduced a range of new fashion brands. Managing director of John Lewis Direct, Robin Terrell, said the group had targeted £8.5m of extra sales from the relaunched fashion website in the first half of the [...]
Ocado offers top shoppers share chance June 7, 2010 ONLINE supermarket Ocado has offered its most loyal customers the chance to buy shares if it goes ahead with plans to float on the London Stock Exchange. Chief executive Tim Steiner told customers in a letter yesterday that anyone who has spent £300 with the online grocer this year would be eligible to participate in [...]
Ocado to report a healthy sales drive June 20, 2010 THE online grocer, Ocado, aims to make its stock market debut by the middle of next month and is expected to make a formal announcement next week. The company has achieved soaring sales but has yet to make a pretax profit. Ocado hopes to achieve a valuation of £1bn and has appointed JPMorgan Cazenove, UBS [...]