Battersea Power Station unveils the first “local, artisanal” tenants at its Circus West retail development March 17, 2016 Battersea Power Station has unveiled the first of the tenants for its Circus West retail development – and there's a decidedly olde worlde feel about them. The team behind the giant development, which will eventually include thousands of homes, shops and offices – as well as leisure space and parkland – said each of the [...]
Tesco must find £5bn to rebuild its balance sheet, says Moody’s June 15, 2015 Troubled Tesco will need to find £5bn in order to relieve the pressure on its overstretched balance sheet, according to credit ratings agency Moody's. Read more: Here's what assets has Tesco sold off and what's heading to the checkout "It has a relatively high level of debt – also adjusted debt, such as the pension deficit and [...]
At the close: FTSE 100 rises despite tourism stocks dropping in wake of Brussels attacks March 22, 2016 Tourism stocks took a hit today in the wake of attacks in Brussels, holding the FTSE 100 index back from closing higher. The index closed 0.13 per cent higher at 6,192 points. "European equities dropped on Tuesday after a coordinated set of terrorist attacks at the airport and metro stations in Brussels sent investors out [...]
Tesco keeps clawback of Clarke’s pay-off in sight May 21, 2015 TESCO said yesterday that it could still claw back a £1.5m pay-off made to former chief executive Philip Clarke if new evidence of misconduct during his time at the retailer came to light. Tesco was forced to suspend its own internal probe into practices that led the company overstating profits by £263m when the Serious [...]
The Waitrose effect: Living near to the supermarket can double your house price March 21, 2016 We all know that properties near good schools can command higher than average prices – but what about your local supermarket? If you're lucky enough to live within walking distance of a Waitrose, your home is likely to benefit from an uplift to your house price, new research from Emoov claims. It's not clear what [...]
Tesco appoints DTZ to sell HQ April 23, 2015 TESCO has appointed DTZ to sells its Cheshunt headquarters after the grocer’s shock decision in January to shut the office and move staff to its other corporate building in Welwyn Garden City. The property advisory firm said it is exploring selling the leasehold or the freehold of New Tesco House. It declined to comment on [...]
Retailers John Lewis, Marks & Spencer, Home Retail Group, Kingfisher and John Lewis top list of offenders in late supplier payments February 29, 2016 Britain's five largest high street retailers were late in paying a shocking 80 per cent of their invoices to suppliers last year, a report today has revealed. MarketInvoice, a peer-to-peer platform for selling invoices online, has found that late payments to suppliers rocketed last year, with high street retailers John Lewis, Boots, Home Retail Group, Marks & [...]
After the EU’s O2-Three merger decision, five questions for the UK mobile market May 11, 2016 Hutchison’s bid for O2 has been turned down in Europe. Here are five questions the UK mobile market is asking today Continued competition… Ofcom initially rejected the merger based on evidence that fewer competitors results in less pressure to keep prices down. It’s that same fear which informed today’s decision, despite assurances from Hutchison of a five year [...]
From Tesco and the Northern Powerhouse to self-control and politeness: Here’s what got us talking this week June 26, 2015 There was a shocking attack in France. In Brussels, deadlines came and went and came (again). And somewhere in social media land, Taylor Swift became the Queen of everything, including Apple. Here's what got us talking this week 1) When it comes to happiness, south London is best Yup, if you're among the [...]
Mobile World Congress 2016: Google’s guide to getting your business noticed on smartphone February 19, 2016 On Monday, marketers will flock to Barcelona for the annual Mobile World Congress – four days of presentations, networking and plenty of sangria. But what most will be looking for is how to convince prospective customers to engage with their brand on the most intimate device we own. Smartphones have become so ingrained in our lives that for [...]