CSC closes in on Trafford Centre mall November 24, 2010 CAPITAL Shopping Centres (CSC) confirmed yesterday it was close to buying the Trafford Centre in Manchester for a total of £1.6bn. The retail property group said it was in advanced talks with current owner Peel Holdings, which has held the shopping centre since it was built in 1998 at a cost of £600m. CSC plans [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 6, 2010 FINANCIAL TIMES BUSINESS PLEADS FOR A STRATEGY Business leaders urged David Cameron to turn his pro-enterprise rhetoric into a detailed strategy that would deliver better infrastructure and remove obstacles to growth. David Frost, director-general of the British Chambers of Commerce said corporate Britain was strongly behind the government’s effort to shrink the budget deficit but [...]
PZ Cussons buys St Tropez for £62.5m September 27, 2010 Soap and shampoo maker PZ Cussons has bought tanning-products firm St Tropez from its private-equity owner LDC for £62.5m in cash. The maker of Imperial Leather soaps and Carex handwash said St Tropez was a good fit with its portfolio of premium brands, which includes The Sanctuary and Charles Worthington hair-care products. St Tropez sold [...]
PZ Cussons buys St Tropez for £62.5m September 27, 2010 Soap and shampoo maker PZ Cussons has bought tanning-products firm St Tropez from its private-equity owner LDC for £62.5m in cash. The maker of Imperial Leather soaps and Carex handwash said St Tropez was a good fit with its portfolio of premium brands, which includes The Sanctuary and Charles Worthington hair-care products. St Tropez sold [...]
Sainsbury’s credit cards launch boosts finance unit April 6, 2010 J SAINSBURY has today launched two new credit cards in an extension of its personal finance services. The first card, the Sainsbury’s Nectar Credit Card, offers users an APR of 12.9 per cent on purchases and balance transfers, and double Nectar points on their shopping, and in petrol filling stations for two years. Meanwhile the [...]
Retailers go head to head with results October 3, 2010 SUPERMARKETS are set for a showdown this week as Tesco, J Sainsbury and Marks & Spencer post interim results. Smaller retailers Ted Baker, Halfords and Greggs are also due results, in a week that will indicate how the High Street has fared since the general election. Tesco is expected to post a 10 per cent [...]
Retailers go head to head with results October 3, 2010 SUPERMARKETS are set for a showdown this week as Tesco, J Sainsbury and Marks & Spencer post interim results. Smaller retailers Ted Baker, Halfords and Greggs are also due results, in a week that will indicate how the High Street has fared since the general election. Tesco is expected to post a 10 per cent [...]
Sainsbury’s sales hit by slowing growth March 24, 2010 SAINSBURY’S has reported its smallest rise in underlying quarterly sales in almost five years. Britain’s third biggest grocery chain said stores open at least one year rose 1.7 per cent, excluding fuel, in the fourth quarter. That was down from 3.7 per cent in its third quarter and the smallest rise since the first quarter [...]
FTSE 100 falls after gloomy import data and debt worries November 10, 2010 BRITAIN’S top share index fell to a one-week closing low yesterday, pressured by miners on fears over softening demand from China after downbeat import data, with worries about Ireland’s debt also darkening the mood. The FTSE 100 closed down 58.25 points, or one per cent, at 5,816.94. The index ended up 0.4 per cent on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 22, 2010 FINANCIAL TIMES SIEMENS PROMISES WORKERS JOBS FOR LIFE Siemens’ German workers have struck a deal that will see their jobs secured indefinitely, in an arresting move that highlights how the financial crisis has triggered a fresh consensus between labour and management in corporate Germany. The engineering group said it had sealed an agreement with its [...]