Morrisons share price edges up as it names former Tesco man David Potts as chief exec February 25, 2015 Shares in embattled supermarket Morrisons opened one per cent higher this morning, after it named its new chief executive: former Tesco Asia boss David Potts. The supermarket launched its search for new boss in January, after chief executive Dalton Philips announced his departure. The appointment is part of a fresh start for the company: chairman Andrew [...]
Restaurants and bars get their appetite back following Rugby World Cup 2015 boost October 26, 2015 The Rugby World Cup and greater consumer spending power thanks to falling food and petrol prices provided a much needed boost to UK bars and restaurants during the third quarter of the year. According to Begbies Traynor’s latest Red Flag update, which monitors the health of UK companies, the number of restaurants and bars experiencing “significant” [...]
Black Friday spurs Brits to spend £1.5bn more in November 2014 February 10, 2015 Britons spent £1.5bn more in November than the previous year after a surge in the popularity of Black Friday discount deals, research from Boston Consulting Group (BCG) released today shows. The consultancy company said around £28.7bn in sales took place in November, with 66 per cent of consumers either delaying or bringing forward their Christmas [...]
Urban Outfitters sales have risen at last, with earnings per share ahead of expectations March 9, 2015 Better late than never – Urban Outfitters sales increased in the fourth quarter after a series of quarterly declines. The figures During the three months to 31 January, Urban Outfitters comparable sales went up by six per cent – the first increase in 2014. The US fashion company, whose brands include Urban Outfitters, Free [...]
Christmas cheers up Greene King after gloomy sales year January 19, 2015 Suffolk-based pub chain and brewer Greene King revealed yesterday it saw restrained like-for-like sales growth of 0.6 per cent in first the 36 weeks of its year, despite a two per cent sales boost over the Christmas period. The company underperformed in Scotland over the six-week festive period due to a combination of the country’s [...]
Apple share price rises on record results October 28, 2015 Apple's share price has risen 2.89 per cent as markets opened in the US after record breaking results, which the company reported yesterday. The company had expected earnings per share for the three months to the end of September to hit the $1.87 – $1.88 mark, but beat expectations by a long way, with the figure coming in [...]
Analyst Views: How did Dixons Carphone do well over Black Friday and Christmas? January 21, 2015 ALISTAIR DAVIES | INVESTEC Careful planning and tactical promotions have enabled Dixons Carphone to deliver a strong Christmas trading performance, with the business taking profitable market share through Black Friday….We continue to see scope for upgrades at Dixons Carphone through market outperformance and synergy benefits. DAVID JEARY | CANACCORD GENUITY The strength of trading performance [...]
Discounters Aldi and Lidl pick up the space race left by Big Four supermarkets November 15, 2015 The big four supermarkets may have called an end to the space race. But for Aldi and Lidl the race has just begun, after new figures show the discounters have submitted plans for nearly five times as many stores. The latest data from construction data firm ABI Barbour shows that Aldi has submitted 93 planning [...]
What’s love got to do with it? February 9, 2015 WALL STREET, the London Stock Exchange, and Hong Kong have all been occupied at various points, but now anti-capitalism protesters are turning their attention to a new target… love. Occupy Democracy, an offshoot of the former residents outside St Paul’s, have declared that they will spend a romantic Valentine’s day camped in Parliament Square. The [...]
Paperchase poised for sale after wrapping up Christmas season January 12, 2015 High street stationery chain Paperchase enjoyed a surge in trading over Christmas, paving the way for a potential sale of the business this year. Primary Capital, which has owned Paperchase since 2010, has hired PwC and Financo to handle a potential sale of the 46-year-old business last year after receiving several bid approaches. The company [...]