Sainsbury’s profit rises by 8pc November 10, 2010 Sainsbury’s has reported an eight per cent rise in underlying profit to £332m. The retailer said its share of the market had risen to 16.2 per, from 15.9 per cent. Like-for-like sales, which strip out the effect of store openings and closures, rose by two per cent. The strongest growth came, not from food, but [...]
CITY MOVES | WHO’S SWITCHING JOBS July 18, 2011 HSBC HSBC has promoted Krishna Patel, chief executive of HSBC Africa, to chief executive of its Global Private Banking division, reporting to group chief executive Stuart Gulliver. Patel will start his new role on 1 September, initially based in Geneva, and will focus on strengthening the bank’s presence in the fastest-growing wealth markets. Patel, who [...]
Walker prepares a bid to take back Iceland June 27, 2011 ICELAND founder Malcolm Walker is negotiating with banks to secure the finance to buy back the frozen food retailer. Its current owner, the resolution committee of Landsbanki, needs to offload the budget chain. Walker is in negotiations with several banks, including Goldman Sachs, for a £1.5bn loan that would allow him to buy the 67 [...]
Walker prepares a bid to take back Iceland June 27, 2011 ICELAND founder Malcolm Walker is negotiating with banks to secure the finance to buy back the frozen food retailer. Its current owner, the resolution committee of Landsbanki, needs to offload the budget chain. Walker is in negotiations with several banks, including Goldman Sachs, for a £1.5bn loan that would allow him to buy the 67 [...]
Hotel group MWB increases Business Exchange bid following investor unrest July 13, 2011 HOTEL operator MWB Group raised its potential offer for the shares of MWB Business Exchange that it does not already own, after the office space supplier’s second-biggest shareholder said it would reject the initial bid. MWB sweetened its offer to 1.75 new MWB units and 12.7p in cash per Business Exchange share – which is [...]
THE TIPSTER June 12, 2011 SAINSBURY is due to report its quarterly figures this week. The share price of the supermarket has had a torrid start to the month. Despite the fall in share price, expectations for the results are good, due to the hot bank holidays and the royal wedding. Interestingly enough, it is now also the seventh largest [...]
The only way is Essex for hidden gems September 1, 2011 ROLLING countryside, boutique shops and country pubs – but most importantly not a vajazzle in sight. Essex has a whole lot more to offer than the controversial The Only Way is Essex TV series would like to portray. The area has all the charms and convenience of the most-desired Home Counties of Surrey and Kent. [...]
THE TIPSTER June 13, 2011 THE recent uncertainty over the state of the global economy has left the major indices bouncing around without any clear direction. The FTSE 100 is currently at the lows of its recent range. With some big numbers out this morning, there is a chance that we could well get a degree of excitement for the [...]
Weak banks help drive FTSE to three-month closing low June 15, 2011 BRITAIN’S top shares ended lower yesterday, weighed down by banks on worries over the UK government’s drive for tougher regulation and Europe’s debt crisis, while commodity stocks also pressured the index. The FTSE 100 closed down 60.58 points, or 1.0 per cent, at 5,742.55, its lowest finish since March 18. Banks fell ahead of chancellor [...]
UK retail sales fall more than expected June 16, 2011 UK retail sales fell more than twice as expected in May, new data has shown, deepening concerns over the health of the high street. Sales fell 1.4 per cent in May compared with April, against economists’ expectations for an 0.6 per cent increase. The fall reversed April’s 1.1 per cent rise as rising job insecurity, [...]