Premier League: Sunderland make miracle escape May 7, 2014 SUNDERLAND 2 WEST BROMWICH ALBION 0 JUBILANT Sunderland manager Gus Poyet insists he now believes in miracles after his team clinched an extraordinary feat of Premier League escapology last night. First-half goals from Jack Colback and Fabio Borini downed West Brom and earned the Black Cats a fourth consecutive win, effectively relegating Norwich simultaneously. Less [...]
Morrisons insists its price cuts will win back custom May 8, 2014 MORRISONS chief executive Dalton Philips insisted yesterday that its price-cutting plan will win over customers defecting to discount rivals despite the decline in like-for-like sales worsening in the first quarter of the year. Total sales excluding fuel fell 4.2 per cent in the 13 weeks to 4 May while like-for-like sales slumped 7.1 per cent, [...]
The art of theft: Why do thieves steal famous paintings when they’re so hard to sell? October 28, 2014 On a freezing Stockholm evening just before Christmas 2000, a group of six to eight Middle Eastern men put into action a plan they’d been working on for months. The group parked cars in the middle of the three central roads leading to the Swedish National Museum and set them ablaze. As fire engines [...]
Winter floods City at annual Christmas bash April 10, 2014 WITH May fast approaching you might think festive parties are a distant, mulled wine-filled memory but not for Winterflood Securities, which held its annual and undeniably epic Christmas party last night. The Old Billingsgate building down on the Thames provided a new but bountiful platform for the do. This year’s theme was old school City [...]
Mothercare shares slide over talks with lenders May 6, 2014 Shares in Mothercare fell more than five per cent this morning after it emerged this weekend that the retailer is in talks with its lenders again over the terms of its banking covenants just seven months after securing a £90m refinancing deal. The retailer, which has Mothercare and Early Learning Centre stores, asked [...]
Energy companies face Ofgem investigation over Christmas power cuts March 6, 2014 Ofgem is set to investigate energy companies UK Power Networks (UKPN) and SSE over their response to the storms that wreaked havoc across the UK over the Christmas period. The two electricity distribution network operators were found to have been the slowest in responding to customers and in reconnecting their electricity supply. The energy regulator [...]
Here’s what economists and central bankers would make of Christmas December 23, 2013 Lombard Street Research's daily note has taken a turn for festive today. Below is their (excellent) guide to the macroeconomics of Christmas. The Schools Keynesians Place a lot of emphasis on the "macro stabilisation" properties of Christmas. Ideally, they would vary the number of Christmases each year according to the state of the economy. This [...]
Ocado delivers Christmas cheer January 16, 2014 OCADO said its online grocery service for Morrisons launched “on time and on budget” last week as it reported bumper Christmas sales. Sales rose 21.3 per cent to £111.1m for the six weeks to 5 January as it benefited from extra capacity at its new fulfillment centre in Warwickshire. Ocado boss Tim Steiner said the [...]
Owner of Currys and PC World enjoys record Boxing Day sales January 16, 2014 DIXONS Retail emerged as one of the winners in the battle for consumers’ attention this Christmas as booming tablet sales and demand for kitchenware and large televisions helped drive sales. The owner of Currys and PC World said like-for-like sales in the UK & Ireland jumped five per cent in the period from 1 November [...]
Sport Comment: Tennis is continuing to ignore its winning lottery ticket March 30, 2014 WHILE the Champions League, Grand National, Boat Race and Heineken Cup promise one of the great weeks of the year in the next seven days, the quarter-finals of one of international sport’s most undervalued jewels will be taking place at the same time, and remarkably Great Britain are involved. The Czech Republic play Japan, Germany [...]