WHAT THE OTHER PAPERS SAY THIS MORNING October 24, 2011 FINANCIAL TIMES DEFENCE ATTACKS ONE-SIDED PROBE IN F1 BRIBERY TRIAL The trial of a German banker alleged to have accepted $44m in bribes from Bernie Ecclestone, the Formula One chief, and a trust linked to his former wife began in Munich yesterday with the defendant’s lawyer accusing media and prosecutors of “hounding” his client. Gerhard [...]
M&S POACHES NEW ONLINE BOSS FROM TESCO February 7, 2011 MARKS & Spencer has poached Laura Wade-Gery from supermarket group Tesco to head its internet business, underscoring new boss Marc Bolland’s commitment to growing sales online. Wade-Gery will join as executive director of multi-channel and e-commerce as the retailer aims to double online sales by 2013-14.
Why Ocado isn’t delivering as the markets hoped September 19, 2011 WHEN Ocado came to the market in July 2010, to some (its investors) it was a great opportunity to buy into a growth online market with a unique business model and amazing technology. The company had been going for ten years and was just about to break through the tipping point, which would lead profits [...]
Cheshire joins Whitbread to replace Tesco bound Clarke January 27, 2011 WHITBREAD has appointed Ian Cheshire, pictured left, as a non-executive director to replace Philip Clarke. The pub group said yesterday Clarke, pictured right, will be stepping down from the board when he takes up the chief executive role at Tesco in March, replacing Sir Terry Leahy at the supermarket giant. Cheshire, who will start his [...]
Micro Focus calls halt on offer talks August 21, 2011 SHARES in IT company Micro Focus International are expected to slump today after the firm called off takeover talks after four months of discussions. The firm said bids for the business fell short of expectations, and that it now plans to resume its share buyback programme. The firm, which supports mainframe computer applications for companies [...]
Greek progress lends a hand to FTSE despite retail worries October 5, 2011 RALLIES by hard-pressed banks, insurers and commodity stocks led a bounce back by Britain’s top shares yesterday as support for debt-laden Greece revived investor appetite for riskier assets. Financial issues were boosted after the International Monetary Fund said it “definitely participate” in a second bailout package for Greece if the Washington-based lender was happy about [...]
Tesco sales hit by snow chaos January 13, 2011 Tesco posted a 6.2 per cent rise in Christmas sales as strong growth in its overseas markets helped offset a weaker than expected performance in its main British market. The supermarket group, which accounts for about one in every seven pounds spent at British retailers, said on sales at UK stores open over a year [...]
Micro Focus shares make big gains as its turnaround plan gathers pace August 10, 2011 SOFTWARE company Micro Focus International’s shares rocketed 13 per cent yesterday after it posted a better-than-expected update. The firm, which was the biggest riser in the FTSE indices yesterday, said its revenues were higher than previously indicated, while costs linked to its restructuring had come down from earlier estimates. Micro Focus, which supports mainframe computer [...]
Micro Focus shares make big gains as its turnaround plan gathers pace August 10, 2011 SOFTWARE company Micro Focus International’s shares rocketed 13 per cent yesterday after it posted a better-than-expected update. The firm, which was the biggest riser in the FTSE indices yesterday, said its revenues were higher than previously indicated, while costs linked to its restructuring had come down from earlier estimates. Micro Focus, which supports mainframe computer [...]
Another low for the FTSE as banks and miners take a hit October 4, 2011 BRITAIN’S top share index hit a 15-month closing low yesterday, with banks and commodity stocks leading a broad-based sell-off, as growing doubts over Greece’s ability to stave off a debt default triggered fears of financial turmoil. The UK benchmark ended down 131.06 points, or 2.6 per cent, at 4,944.44, its lowest close since 5 July [...]