London 2012 Image of the week December 15, 2011 On Tuesday, BT launched its torchbearer nomination process. BT is one of three presenting partners for the Paralympic torch relay – the others being Lloyds TSB and Sainsbury’s. On 28 and 29 August next year, 580 torchbearers will work in teams of five to carry the flame during an overnight relay from Stoke Mandeville to [...]
Shapland leaves Sainsbury’s May 9, 2011 Sainsbury’s has announced that its group development director Darren Shapland is to stand down, with non-food managing director Luke Jensen taking on the majority of the role from July. The company also announced that James Brown would join from Littlewoods as business unit director for clothing, and Robbie Feather was leaving John Lewis to become [...]
Morrisons to create 7,000 new jobs as it opens branches and warehouses December 14, 2011 WM MORRISON Supermarkets said it will create over 7,000 new jobs next yet, as it opens 25 new stores and develops its manufacturing and logistics operations. Britain’s fourth largest grocer behind J Sainsbury, Asda and market leader Tesco said many of the new jobs created next year will be skilled positions such as butchery, bakery [...]
Sainsbury’s shifts focus to non-food May 11, 2011 SAINSBURY’S yesterday said 40 per cent of its sales would be “non-food” by 2020 as it increasingly relies on clothing and other products for growth. The supermarket chain is in the middle of huge expansion with clothing and general merchandise being given more space. Sainsbury’s reported a 12.8 per cent jump in annual pre-tax profits [...]
Sainsbury’s shifts focus to non-food May 11, 2011 SAINSBURY’S yesterday said 40 per cent of its sales would be “non-food” by 2020 as it increasingly relies on clothing and other products for growth. The supermarket chain is in the middle of huge expansion with clothing and general merchandise being given more space. Sainsbury’s reported a 12.8 per cent jump in annual pre-tax profits [...]
ANALYST VIEWS: IS THE GROWTH SEEN AT SAINSBURY’S SUSTAINABLE? May 11, 2011 RICHARD HUNTER | HARGREAVES LANSDOWN Sainsbury is positioning itself for further growth, especially in the areas of convenience stores, online business, and an increasing move into non-food products. On the downside, wider economic uncertainty remains and cheaper selling prices do not always equate to higher profits, since margins are squeezed. CLIONA LYNCH | VERDICT RESEARCH [...]
TESCO TO BET £500M ON UK FIGHTBACK January 12, 2012 A RATTLED Tesco is set to splash around £500m on revamping its UK store network and recruiting new staff after it stunned the City with its first profit warning in twenty years. Chief executive Philip Clarke is ready to sanction an investment of “hundreds of millions” of pounds in Britain after the supermarket yesterday posted [...]
Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
Which asset is the true safe haven? GOLD OR SHARES February 26, 2012 TOM WINNIFRITH WE ARE entering an inflationary environment. This is the 1970s all over again. Across the globe governments are relaxing monetary policy. In China and India this is an attempt to keep their economies growing rapidly. In the West it is a desperate attempt to breathe life into economies which face structural issues no-one [...]
Bank stocks lead the way as the FTSE continues its climb January 19, 2012 BRITAIN’S top share index closed higher yesterday, led by banks after bullish earnings from their US peers and with hopes building that the recent coordinated action by central banks and the IMF would be enough to avoid an economic crisis. The FTSE 100 index rose 38.78 points, or 0.7 per cent, to 5,741.15, after breaking [...]