Lebanese PM lifts stake in Sainsbury’s March 7, 2012 AN INVESTMENT fund founded by the Lebanese Prime Minister yesterday upped its stake in Sainsbury’s to more than three per cent, lifting the supermarket’s share during afternoon trading. Founded more than 40 years ago by brothers Taha and Najib Mikati – who has twice served as Lebanese PM since 2005 – the M1 Group today [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
Car sales get on the road September 24, 2012 Consumers are piling into the car market, according to data released by Sainsbury’s Bank yesterday. Some 9.8m people intend to buy a car in the coming six months, the data shows, a three per cent jump on the previous six-months. But the report also warned that many car purchases would be on the more frugal [...]
City Moves | Who’s switching jobs November 4, 2012 Legal & General Property Bill Page has been appointed business space research manager at the property fund management firm. He joins from Jones Lang LaSalle, where he was most recently head of Europe, Middle East and Africa offices research. Page has also held roles at the Estates Gazette Group. Quindell Portfolio Robert Thompson has been [...]
Spurs close on stadium with Sainsbury’s deal February 29, 2012 TOTTENHAM’S plans to relocate to a new 56,000-seater stadium have moved a step closer after the club announced a tie-up with supermarket giant Sainsbury’s. The deal will see Sainsbury’s become the operator of a 72,000 sq ft store – the main retail presence in the Northumberland Development Project. Spurs have already received planning consent from [...]
Supermarkets slate minimum alcohol pricing September 16, 2012 SUPERMARKETS have hit out at plans for minimum alcohol pricing, despite being told they could make up to £2.2bn in extra profits under proposals to curb binge drinking. Public responses to David Cameron’s plans to introduce a price floor are set to be invited in the coming weeks, with drinks manufacturers set to campaign against [...]
Supermarkets slate minimum alcohol pricing September 16, 2012 SUPERMARKETS have hit out at plans for minimum alcohol pricing, despite being told they could make up to £2.2bn in extra profits under proposals to curb binge drinking. Public responses to David Cameron’s plans to introduce a price floor are set to be invited in the coming weeks, with drinks manufacturers set to campaign against [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Leading firms support supply chain finance October 23, 2012 LEADING British firms including Tesco, BAE Systems and BT yesterday gave their backing to the government’s “supply chain finance” scheme, which aims to boost working capital for small businesses. David Cameron hosted business leaders at a Downing Street roundtable, where 38 leading firms agreed to actively consider implementing the scheme. Rolls-Royce and Vodafone, who already take [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]