Tesco’s market share takes a fresh tumble February 15, 2012 TESCO endured a double blow yesterday, as it suffered a fresh drop in UK market share in the latest Nielsen figures, and set a leaving date for its long-standing director Andrew Higginson. The supermarket giant’s share of the UK grocery market fell 0.5 percentage points on a year ago in the three months to 4 [...]
Retail gloom takes toll on British Land February 9, 2012 BRITISH LAND has seen growth of its net asset value stall in the third quarter as the ongoing consumer downturn led to a slight dip in value across its retail portfolio. The landlord – whose tenants include Tesco, Sainsbury’s and Debenhams – said its retail estate, which accounts for 61 per cent of its property [...]
Chief executives earn trust with honest answers March 12, 2012 WHEN Vincent de Rivaz, chief executive of EDF, recently gave an interview, he knew that trust in energy companies was at an all-time low. The interview was the perfect opportunity to start rebuilding it. So he mentioned “trust” – 61 times in fact – and little else. Unsurprisingly he was pilloried. EDF will wrongly blame [...]
CITY MOVES | WHO’S SWITCHING JOBS February 27, 2012 Berwin Leighton Paisner BLP has hired Linklaters’ former global corporate head David Barnes to its City corporate team. Barnes will join next month as a partner in the firm’s London corporate group after retiring from Linklaters last summer. Barnes left the magic circle firm after standing as one of five candidates for the senior partner [...]
Morrisons sales growth slows over Christmas January 9, 2012 Wm Morrison Supermarkets reported a slowdown in sales growth over Christmas and predicted cash-strapped shoppers would remain reluctant to spend this year, despite an easing of inflationary pressures. Britain’s fourth-biggest grocer behind J Sainsbury, Wal-Mart’s Asda and industry leader Tesco) said sales at stores open over a year rose 0.7 per cent, excluding fuel and [...]
FTSE pulled down by poor showing from energy stocks March 15, 2012 Britain’s leading share index slipped yesterday, weighed down by weakness in heavyweight energy stocks after recent gains, with investors also looking ahead to futures and options expiries. At the close, the FTSE 100 index was down 4.71 points or 0.1 per cent at 5,940.72, having shed 0.2 per cent in the previous session following five [...]
MINISTER SLAMS JOB SNOB CRITICS February 20, 2012 CHRIS Grayling, the employment minister, yesterday rounded on critics of the government’s work experience programme, describing them as “job snobs”. He was speaking in response to opponents of the scheme who branded it “21st century slavery” and “forced labour” after it emerged Tesco had offered an unpaid placement stacking shelves in its supermarkets. The scheme [...]
Income versus growth isn’t the crunch choice March 28, 2012 MOST funds can be broadly classified as either income or growth oriented and most managers focus their abilities on one to the exclusion of the other. There is plenty of debate about which investors should favour, and although there are good reasons to lean towards one or the other, ultimately investors should focus on diversification [...]
Income versus growth isn’t the crunch choice March 28, 2012 MOST funds can be broadly classified as either income or growth oriented and most managers focus their abilities on one to the exclusion of the other. There is plenty of debate about which investors should favour, and although there are good reasons to lean towards one or the other, ultimately investors should focus on diversification [...]
Sainsbury’s sales rise but fuel costs bite June 15, 2011 UK SHOPPERS are spending £10 per week less on food now than two years ago because of the cost of petrol, Sainsbury’s chief executive Justin King (pictured) warned yesterday, as the supermarket said sales rose 0.9 per cent in the past quarter. Sales excluding petrol but including VAT rose 1.9 per cent, while sales ex-VAT [...]