How to solve the scourge of youth joblessness August 31, 2011 IT is not a good time to be young. Much has been stacked against them – poor job opportunities, rising house prices and tuition fees, collapsing pensions, and the burden of having to pay off the national debt. Last week, figures showed a shock rise in youth unemployment, with nearly one million under 25 year [...]
Supermarkets cut petrol prices as oil tumbles August 8, 2011 SUPERMARKETS have cut the price of petrol from near-record levels after the cost of oil tumbled in the face of continuing fears over Eurozone debt, the US downgrade and plunging stock markets. Asda was the first of the big retailers to announce yesterday that it would cut the price of unleaded petrol and diesel by [...]
Tesco shares drop on poor Xmas figures January 13, 2011 TESCO shares took a hit yesterday as it announced disappointing Christmas sales figures. Like-for-like sales in the UK missed forecasts, rising just 0.6 per cent in the six weeks to 8 January. The company blamed the poor weather on the performance with its larger stores worst hit. Tesco shares were one of the poorest performers [...]
Tesco shares drop on poor Xmas figures January 13, 2011 TESCO shares took a hit yesterday as it announced disappointing Christmas sales figures. Like-for-like sales in the UK missed forecasts, rising just 0.6 per cent in the six weeks to 8 January. The company blamed the poor weather on the performance with its larger stores worst hit. Tesco shares were one of the poorest performers [...]
Tesco names incoming UK team January 6, 2011 RETAIL giant Tesco yesterday named the eight-man team to lead its UK operation from March, reporting to new UK chief executive, Richard Brasher. Noel Robbins becomes chief operating officer, alongside new commercial directors Per Bank, and Laura Wade-Gery. Kevin Grace becomes property director; David North will become corporate affairs director and Judith Nelson personnel director. [...]
Tesco names incoming UK team January 6, 2011 RETAIL giant Tesco yesterday named the eight-man team to lead its UK operation from March, reporting to new UK chief executive, Richard Brasher. Noel Robbins becomes chief operating officer, alongside new commercial directors Per Bank, and Laura Wade-Gery. Kevin Grace becomes property director; David North will become corporate affairs director and Judith Nelson personnel director. [...]
Tesco unveils cash for gold plans January 3, 2011 Supermarket giant Tesco has launched a service allowing customers to swap unwanted gold jewellery for cash. The retailer had trialled the scheme online and in about 15 stores from November. Shoppers are now able to post unwanted gold jewellery to designated stores. Tesco pledges on its website to pay £7.81 per gram of nine carat [...]
Tesco unveils cash for gold plans January 3, 2011 Supermarket giant Tesco has launched a service allowing customers to swap unwanted gold jewellery for cash. The retailer had trialled the scheme online and in about 15 stores from November. Shoppers are now able to post unwanted gold jewellery to designated stores. Tesco pledges on its website to pay £7.81 per gram of nine carat [...]
Leahy invests in tech firm June 12, 2011 FORMER Tesco boss Sir Terry Leahy has invested £2m of his personal wealth into a British software startup. He has bought a ten per cent stake in MetaPack, a small technology firm that co-ordinates customer deliveries for several big retailers. The company counts Sir Terry’s former employer, from which he stood down as chief executive [...]
Investors ignore growth abroad to focus on UK woes June 14, 2011 MAYBE Tesco should move its primary listing to Hong Kong. Then investors might pay more attention to Asia, where sales grew by 11.4 per cent at constant exchange rates in the first quarter. The region accounted for around 17 per cent of sales and trading profit last year, a figure that will only grow. Or [...]