Our nation of shoppers is not about to quit the habit yet July 14, 2010 SINCE the onset of the recession, the pressure has increased to turn the UK economy into a manufacturing centre of excellence and at the same time become a nation of savers. But has the nation really turned its back on its former favourite pastime, shopping? Well, the hard data would suggest no. According to the [...]
FTSE rises for fourth day in a row as miners offset a sharp decline for BP June 14, 2010 BRITAIN’S top share index closed higher yesterday for a fourth straight day, led by miners buoyed by firmer metals prices and offsetting a sharp fall in BP. The FTSE 100 index closed up 38.45 points, or 0.7 per cent, at 5,202.13, its highest close since 3 June. Mining stocks added the most points to the [...]
Home Retail is hit by slump at Argos June 10, 2010 HOME Retail Group posted a bigger-than-expected drop in first-quarter sales at its Argos stores, hit by a drop in demand for video games and televisions. The group, which also runs Homebase, said economic conditions were challenging and uncertain but that it was still aiming to deliver flat profits over the full financial year, in line [...]
Home Retail is hit by slump at Argos June 10, 2010 HOME Retail Group posted a bigger-than-expected drop in first-quarter sales at its Argos stores, hit by a drop in demand for video games and televisions. The group, which also runs Homebase, said economic conditions were challenging and uncertain but that it was still aiming to deliver flat profits over the full financial year, in line [...]
No World Cup magic June 10, 2010 WITH the start of the World Cup just days away, fans have been splashing out on flat-screen TVs. It’s strange then that the bigger-than-expected slump in Argos revenues was driven by weak TV sales. If the catalogue retailer can’t shift tellys in the run up to the year’s biggest sporting event, when can it? This [...]
No World Cup magic June 10, 2010 WITH the start of the World Cup just days away, fans have been splashing out on flat-screen TVs. It’s strange then that the bigger-than-expected slump in Argos revenues was driven by weak TV sales. If the catalogue retailer can’t shift tellys in the run up to the year’s biggest sporting event, when can it? This [...]
Home Retail suffers as TV and video game sales slump June 10, 2010 HOME Retail Group posted a bigger-than-expected drop in first-quarter sales at its catalogue-based Argos stores, hit by a drop in demand for video games and televisions. The group, which also runs the Homebase, said economic conditions were challenging and uncertain but that it was still aiming to deliver flat profits over the full financial year [...]
Home Retail suffers as TV and video game sales slump June 10, 2010 HOME Retail Group posted a bigger-than-expected drop in first-quarter sales at its catalogue-based Argos stores, hit by a drop in demand for video games and televisions. The group, which also runs the Homebase, said economic conditions were challenging and uncertain but that it was still aiming to deliver flat profits over the full financial year [...]
Andy Clarke set to land Asda chief executive role May 6, 2010 ASDA is tipped to promote its chief operating officer, Andy Clarke, to the top job next week following chief executive Andy Bond’s decision to step aside. Clarke is understood to have been selected ahead of several internal candidates including Darren Blackhurst, Asda’s punchy trading director. Blackhurst has now resigned after five years at the Wal-Mart [...]
Home Retail plans £150m share refund April 28, 2010 ARGOS and Homebase owner Home Retail Group yesterday announced plans for a share buyback of up to £150m as new figures showed its annual profit had dropped by 11 per cent. Underlying profits fell to £292.9m for the year to 27 February – down from £327.7m for the year before – the company said. Earnings [...]