Tesco UK sales fall short June 14, 2011 Tesco, the world’s No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market as cash-strapped shoppers cut back on discretionary spending. The supermarket group said sales at stores in the UK open at least a year fell 0.1 per cent, excluding petrol and changes in VAT sales [...]
Banks steady FTSE but retailers dive January 12, 2012 The FTSE 100 index saw modest rises this morning as banks performed well in stark contrast to the retail sector which was pulled down by a string of poor results from heavyweights including Tesco. Investors were also digesting the results of a Spanish sovereign debt auction which showed yields going in a positive direction. Spain [...]
Clegg in push for blind CVs January 12, 2012 JOB APPLICATIONS would be fairer if CVs were made anonymous and schools were not mentioned, Nick Clegg claimed yesterday. The deputy Prime Minister believes racist HR staff may judge applicants on their names, and the “old boys network” means having a prestigious school on the form helps some applicants to the disadvantage of others. Clegg [...]
Bank stocks lead the way as the FTSE continues its climb January 19, 2012 BRITAIN’S top share index closed higher yesterday, led by banks after bullish earnings from their US peers and with hopes building that the recent coordinated action by central banks and the IMF would be enough to avoid an economic crisis. The FTSE 100 index rose 38.78 points, or 0.7 per cent, to 5,741.15, after breaking [...]
Bank stocks lead the way as the FTSE continues its climb January 19, 2012 BRITAIN’S top share index closed higher yesterday, led by banks after bullish earnings from their US peers and with hopes building that the recent coordinated action by central banks and the IMF would be enough to avoid an economic crisis. The FTSE 100 index rose 38.78 points, or 0.7 per cent, to 5,741.15, after breaking [...]
There’s no logic behind the workfare proposal February 28, 2012 THE government has introduced a scheme that encourages people on the unemployment benefit to work at selected firms, such as Tesco. They are paid nothing but are alleged to benefit by gaining work experience. This is not slave labour, as some have alleged. No one is forced to do this unpaid work, not even as [...]
Waitrose tops supermarket poll December 15, 2011 Waitrose has topped the Which? annual customer satisfaction survey for the third year running, winning a score of 83 per cent as its big four rivals failed to impress. Budget retailers Aldi and Lidl came second and third respectively, beating Mark & Spencer – which came fourth – for the first time. Tesco and The [...]
Tesco lays out plans to revamp Europe business June 22, 2011 TESCO said yesterday it planned to double returns from its central and eastern European business by buying more goods regionally, opening a variety of stores and selling more services. At its annual results in April, the British supermarket group set a target to boost company-wide returns to 14.6 per cent by 2014-15 from 12.9 per [...]
Tesco lays out plans to revamp Europe business June 22, 2011 TESCO said yesterday it planned to double returns from its central and eastern European business by buying more goods regionally, opening a variety of stores and selling more services. At its annual results in April, the British supermarket group set a target to boost company-wide returns to 14.6 per cent by 2014-15 from 12.9 per [...]
Christmas trading is slow at Metro as it issues profit alert December 6, 2011 METRO, the world’s fourth-biggest retailer, issued a profit warning that sent shockwaves through the sector yesterday, saying Christmas trading had started slowly and the Eurozone debt crisis was undermining consumer confidence. Shares in the German group, which runs cash and carries, hypermarkets, electrical goods and department stores, slumped over 13 per cent. “We feel the [...]