The clock is ticking for Philip Clarke March 15, 2012 HAVING initially rejected predecessor Sir Terry Leahy’s dual role of running the UK on top of being group chief executive, just one year later Clarke has conceded “there is just not room for two captains in the same team”. There would have been plenty of space had things been going well. But this is a [...]
St Modwen buoyed by £2bn Nine Elms win April 4, 2012 ST MODWEN said in a trading update yesterday that profits remained in line with expectations, as it flagged its appointment to redevelop New Covent Garden Market in Nine Elms as “a significant contract win” for the firm. The government revealed last week that the developer and French group Vinci had been picked as the preferred [...]
Ex-Dixons boss lands £36m for joining Apple May 27, 2012 JOHN BROWETT, the former boss of Dixons, is to receive a $56m (£36m) golden hello from Apple for taking charge of the tech giant’s network of stores around the world. Browett, who has been at the helm of the struggling British electronics group since 2007, moved to California last month after he was poached by [...]
Top brands pay best dividend March 5, 2012 Trusted brands known and used in every household in the UK were among some of the most consistent, dividend yielding stocks over the past year, according to research by Indixs. The UK Dividend Achievers Index listed the most consistent dividend paying stocks and found that consumer brands such as SABMiller, Diageo, Unilever, British American Tobacco [...]
MINISTER SLAMS JOB SNOB CRITICS February 20, 2012 CHRIS Grayling, the employment minister, yesterday rounded on critics of the government’s work experience programme, describing them as “job snobs”. He was speaking in response to opponents of the scheme who branded it “21st century slavery” and “forced labour” after it emerged Tesco had offered an unpaid placement stacking shelves in its supermarkets. The scheme [...]
Former Blair adviser sells his PR agency April 12, 2012 TIM Allan, the former spin doctor for BSkyB who started his professional career as a press adviser to Tony Blair, has agreed to sell a majority stake in his public relations firm Portland to the global marketing group Omnicom. The deal values Portland at around £20m (depending on the group’s performance over the next three [...]
Tesco to quit Japan after eight years August 31, 2011 TESCO yesterday announced that it would quit Japan after a bruising eight years in which it failed to gain a profitable foothold in the market. Japan is known as a difficult market to crack for western companies, especially in the notoriously tough grocery sector. Tesco has 129 stores, mainly in the Tokyo area, having started [...]
Tesco Bank’s director quits August 24, 2011 TESCO director Andrew Higginson is quitting the company in a year’s time – leaving a hole in its plans to expand its banking services. Higginson led the retailer’s move into banking and was at the heart of the company’s strategy under former chief executive Sir Terry Leahy. He was also seen as contender to succeed [...]
Tesco Bank’s director quits August 24, 2011 TESCO director Andrew Higginson is quitting the company in a year’s time – leaving a hole in its plans to expand its banking services. Higginson led the retailer’s move into banking and was at the heart of the company’s strategy under former chief executive Sir Terry Leahy. He was also seen as contender to succeed [...]
CITY VIEWS: DO YOU SHOP ONLINE? March 12, 2012 GEMMA COSTER FRIENDS LIFE “I don’t shop online, although I keep thinking I should do it because it does seem like a great idea. However, I haven’t got round to it yet. I definitely will though, as it seems convenient.” LEIGHTON GOULD EURO MONEY “I shop online at Tesco and I get it delivered, as [...]