CITY MOVES | WHO’S SWITCHING JOBS January 31, 2012 WSP Group WSP Environment and Energy, part of the FTSE 250-listed WSP Group, has hired Karen McAllister as director of the environmental planning division in London. McAllister is a former director of RPS, prior to which she was a director at the Town Planning Consultancy, which was acquired by RPS in 2001. Recent projects include [...]
ATMs put out more in December December 22, 2011 Today is expected to be the busiest day for cash machines withdrawals as last minute pre-Christmas shoppers hit the high street. Sainsbury’s Finance estimates that over £11bn will be withdrawn from ATMs in the UK this month – a substantial increase on the £10.3bn withdrawn last December, thought to be impaired by the cold winter [...]
Oil majors lead the FTSE 100 lower as investors avoid risk January 11, 2012 BRITAIN’S blue-chip FTSE 100 closed lower yesterday after bouncing once again off an important technical resistance level, led by heavyweight energy stocks on a fresh bout of Eurozone debt-inspired risk aversion. The index traded in a fairly tight range for the early part of the session, rising to test 5,700 before bearish comments from a [...]
FTSE ends lower as retailers reveal a miserable Christmas January 12, 2012 BRITAIN’S leading shares fell yesterday after a profit warning from Tesco triggered sharp falls in retailers and eclipsed a lift for banks from a successful Spanish debt auction and restructuring at RBS. The FTSE 100 index closed down 8.40 points, or 0.2 per cent, at 5,662.42, once again missing out in a tilt at the [...]
Sainsbury’s profit up 12.8pc May 11, 2011 Supermarket chain Sainsbury’s has reported a 12.8 per cent jump in annual pre-tax profits to £827m. The retailer said that total sales for the year to 19 March rose 7.1 per cent to £23bn, with non-food sales performing well. The group also said that it had won market share from rivals, taking it from 16.1 [...]
Sainsbury’s profit up 12.8pc May 11, 2011 Supermarket chain Sainsbury’s has reported a 12.8 per cent jump in annual pre-tax profits to £827m. The retailer said that total sales for the year to 19 March rose 7.1 per cent to £23bn, with non-food sales performing well. The group also said that it had won market share from rivals, taking it from 16.1 [...]
Festive gloom leaves Tesco’s stock sinking January 12, 2012 NEARLY £5bn was wiped off the value of Tesco yesterday after it issued a profit warning on the back of its worst Christmas in decades. Shares in Britain’s biggest retailer fell by 16 per cent before closing down 15.99 per cent at 323.45p. The firm shocked analysts when it said sales at British shops open [...]
Tesco set to unveil bleak Christmas January 8, 2012 TESCO is set to deliver its worst Christmas trading performance for decades this week after the supermarket’s £500m price cutting campaign failed to gather pace in the fierce battle for supermarket sales. Deutsche Bank, a house broker to Tesco, is forecasting a two per cent decline in like-for-like sales from UK stores in the six [...]
Tesco loses market share in run-up to Xmas January 10, 2012 Britain’s biggest retailer, lost grocery market share in the run-up to Christmas as rivals fought back against its price-cutting campaign and cash-strapped shoppers flocked to discount stores, according to new data. Market researcher Kantar Worldpanel said grocery sales rose 4.8 per cent in the 12 weeks to 25 December. That lagged a 5.9 per cent [...]
CITY VIEWS: are you surprised by the slump at ocado? December 19, 2011 Nico Tyabji Bloomberg “I can see how Ocado didn’t do very well this year because of the difficult economic climate. I don’t use it although I shop at Waitrose – I find it hard to take the leap to an online service like Ocado.” Reza Kaci City Index “I remember Ocado has had trouble before, [...]