Gibraltar and Guernsey hit back at Ed Miliband’s tax haven blacklist threat February 8, 2015 Labour leader Ed Miliband is under fire from Britain’s overseas territories, after he threatened to put them on a tax haven blacklist. The latest row comes after Miliband wrote to the territories, threatening that they will be listed as tax havens, and consequently incur sanctions, if they fail to compile a list of offshore companies [...]
Labour’s business woes: Industry leaders savage Ed Miliband’s attack on Boots boss February 3, 2015 Ed Miliband's decision to come out all guns blazing against Boots boss Stefano Pessina may have back-fired after a swathe of business leaders took to the media to condemn the Labour leader. Speaking yesterday at event for young voters, the Labour leader hit back at Pessina's claim that a Labour government would be a "catastrophe" [...]
French market woes weigh on Kingfisher profit November 25, 2014 NO AMOUNT of DIY could help fix Kingfisher’s sales performance in the third quarter as France’s weak consumer economy continued to weigh on Europe’s largest home improvement retailer. Kingfisher posted a 3.6 per cent drop in sales to £2.8bn, saying the weak French market, where it traded as Castorama and Brico Depot, had offset a [...]
Kingfisher November 25, 2014 Kingfisher, Europe's biggest home improvements retailer, The company, who runs the B&Q and Screwfix chains in Britain, said third quarter sales fell 3.6 per cent to £2.8bn. France saw the biggest drop and sales fell 9.3 per cent to 1,064m during the same period. [XX], chief executive, said: Its shares were trading [UP/DOWN] [XX] per [...]
M&S poaches John Lewis finance director Helen Weir November 17, 2014 Marks & Spencer has appointed John Lewis finance director Helen Weir as its own chief financial officer. In a statement posted this afternoon, the retailer said Weir has yet to confirm a start date. M&S' previous finance director, Alan Stewart, left suddenly in September to take up his new role at Tesco several months earlier [...]
B&Q owner Kingfisher confirms exclusive talks to buy Mr Bricolage April 3, 2014 B&Q and Screwfix owner Kingfisher has announced it’s entered exclusive talks to acquire Mr Bricolage, a French home improvement retailer. Should the deal being discussed go through, FTSE 100 company Kingfisher would initially acquire 68.1 per cent of the firm’s share capital – from the majority shareholders – making a subsequent offer to buy shares [...]
The new queen of Kingfisher September 10, 2014 B&Q-owner Kingfisher is to replace Sir Ian Cheshire, its long-standing chief executive, with Véronique Laury, the head of its French DIY business. The DIY and horse jumping enthusiast will become the fifth woman chief executive in the FTSE 100
FTSE 100 records lowest close for a year as geopolitical and Eurozone worries take their toll October 9, 2014 The FTSE 100 slid to its lowest close for a year today, with anxious investors scurrying to sell off stock due to geopolitical and Eurozone worries. The index of blue-chip shares was down eight per cent on the bell, a 50.39 point drop to 6,431, the lowest level since 10 October last year. [...]
FTSE ends flat as travel firms weigh on index – London Report November 26, 2014 BRITAIN’S top share index closed flat on Wednesday, erasing early gains, with weaker travel and leisure stocks offsetting a rebound in miners and strength in telecoms. The blue chip FTSE 100 index ended 1.97 points lower, or flat in percentage terms, at 6,729.17 points after hitting a session high of 6,765.01 in early trading, as [...]
Teenager to bid for the top job at Nisa Retail September 21, 2014 HARRIS Aslam, an 18-year-old businessman who runs three convenience stores in Scotland, yesterday launched a bid to be the next chief executive of independent shop supplier Nisa Retail. Aslam currently sits as a non-executive director on Nisa’s board, as well as a youth board director of home improvements retailer B&Q. Nisa’s current chief executive, Neil [...]