Tesco in executive pay shake-up May 31, 2011 Tesco, the world’s third-biggest retailer, is simplifying its executive pay scheme and cutting the base salary of its chief executive as it seeks to end rows with shareholders over how it pays its leaders. The British group, which saw 47 per cent of shareholders either vote against or abstain in a vote over executive pay [...]
THE TIPSTER December 11, 2011 THERE was no end to the chaos and disorder in the markets last week as tape bombs from Europe continued to cream most traders’ positions. Crude oil traders seem to have lost their seemingly insatiable appetite to push prices above $100, as they slid back to $98 towards the end of the week – possibly [...]
Retail sales in biggest drop for three years January 26, 2012 Retail sales suffered their biggest annual fall in nearly three years in January, as shoppers reined in spending after picking up pre-Christmas bargains, an industry survey showed on Thursday. The Confederation of British Industry distributive trades survey’s balance for reported sales volumes plunged to -22 in January from +9 in December, its lowest level since [...]
Tesco revamps exec pay after rebellion May 31, 2011 TESCO has moved to head off a repeat of last year’s shareholder revolt by overhauling its executive pay structure. The shake-up, revealed in Tesco’s annual report, sees the scrapping of an incentive scheme which benefited US boss Tim Mason. His £4.2m in pay and bonuses was blasted by US institutional investors at last year’s AGM [...]
HMV gets Xmas sales still flagging January 9, 2012 Struggling British entertainment retailer HMV got a little respite over Christmas as sales declines slowed, providing a glimmer of hope the firm may have a future. The group, which last month posted wider first-half losses, said it was in danger of going out of business and put its HMV Live division up for sale, said [...]
Supermarkets vie to promote value for money November 1, 2011 WITH the economic outlook still looking bleak and consumers (as shown by YouGov’s Household Economic Activity Tracker) increasingly price conscious it is not surprising that a number of big supermarkets are keen to emphasise their value. Sainsbury’s launched its “live well for less” advertisements on 15 September and Tesco’s “Big Price Drop” campaign came out [...]
Morrisons to create 7,000 new jobs as it opens branches and warehouses December 14, 2011 WM MORRISON Supermarkets said it will create over 7,000 new jobs next yet, as it opens 25 new stores and develops its manufacturing and logistics operations. Britain’s fourth largest grocer behind J Sainsbury, Asda and market leader Tesco said many of the new jobs created next year will be skilled positions such as butchery, bakery [...]
Tesco to appeal to “aspirational” shoppers May 10, 2011 Tesco plans to create new brands to spruce up its product ranges and appeal to increasingly aspirational shoppers across the world, its new chief executive said. Phil Clarke, outlining his strategy for the supermarket group, also said Tesco would be online in all 15 of its markets this decade and, while it would continue to [...]
Henderson in legal row December 6, 2011 A GROUP of pension funds is suing asset manager Henderson over the handling of its investment in construction firm John Laing in 2006. The full list is not yet known but the pension funds of the BBC, Tesco, BAE Systems and Bupa, as well as Kent and South Tyneside councils, were among those known to [...]
FTSE dented by GSK January 9, 2012 The FTSE 100 was dented by pharmaceutical giant GlaxoSmithKline today after concerns over one of its new treatments. GSK shed 2.6 per cent after reported problems with tests on its lung medication Relovair. Traders and investors were eyeing events in Berlin where German leader Angela Merkel and French President Nicolas Sarkozy are meeting today. The [...]