Sluggish Tesco sales in UK offset globally December 5, 2010 SOLID sales growth overseas is likely to help Tesco offset sluggish performance in its main British market when the world’s third-biggest retailer publishes a third-quarter trading update tomorrow. Analysts believe Tesco’s sales growth from British stores open at least a year has lagged its rivals, partly because it sells more discretionary non-food goods, items where [...]
Tesco eyes Europe expansion November 23, 2010 RETAILER Tesco plans to almost double selling space in central and eastern Europe over five years. On the third and final day of a trip with analysts to Asia, the world’s third-largest retailer said it aims to have 4.1 million square metres of selling space in its central and eastern European markets by 2014-15, up [...]
Tesco eyes Europe expansion November 23, 2010 RETAILER Tesco plans to almost double selling space in central and eastern Europe over five years. On the third and final day of a trip with analysts to Asia, the world’s third-largest retailer said it aims to have 4.1 million square metres of selling space in its central and eastern European markets by 2014-15, up [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2011 FINANCIAL TIMES PAULSON ENJOYS $500M LEHMAN BOOST AS VALUE OF BOND RECOVERS Paulson & Co, the hedge fund that made billions from betting on a collapse in mortgage-backed securities during the financial crisis, has made more than $550m from a recovery in the value of bonds it bought in failed investment bank Lehman Brothers. BRUNSWICK [...]
Tesco in Asia lift as UK also bounces back December 7, 2010 TESCO yesterday reported an 8.8 per sales cent rise in the third quarter helped by a strong performance from international stores. The supermarket chain said it was performing in line with expectations while its market share was being boosted by the opening of more store space. Total international sales jumped by 15.7 per cent while [...]
Goldman Sachs picks up a broking slot with Autonomy June 21, 2011 INTELLIGENT software company Autonomy yesterday announced it had appointed Goldman Sachs as a third joint broker. Goldman, which now has 11 FTSE 100 broking clients, will work alongside existing brokers UBS and Citi. The Goldman pitch was headed up by Phil Shelley, the former UBS broker who was recruited in December to help strengthen the [...]
United strike duo are the best Sir Alex has ever had May 26, 2011 Ex-England defender thinks Ferguson’s men have been written off too quickly MANCHESTER United’s chances of winning the final are mixed, because Barcelona are the best team in Europe, and may be about to prove that. However, it’s at Wembley and there are a few things pulling it back towards them like a magnet. Some people [...]
Micro Focus falls after a weak outlook June 23, 2011 TROUBLED Micro Focus dived more than seven per cent yesterday after disappointing investors with a weaker than expected profits forecast for the coming year. Revenue inched up nearly one per cent to $436.1m (£273m) but adjusted operating profit fell almost nine per cent, in line with forecasts. The slow forecast comes as another blow for [...]
Tesco sales pick up overseas November 22, 2010 TESCO, the world’s third biggest retailer, has seen a pick up in sales growth in South Korea, its biggest market outside Britain, as well as rising sales in China, Thailand, Malaysia and India, it said yesterday. The supermarket group, on the first day of a trip to Asia with analysts, also said returns in Asia [...]
Asos gets boost from overseas sales July 14, 2011 ONLINE fashion retailer Asos saw sales soar in the first quarter, but boss Nick Robertson dismissed speculation that the company was being seriously eyed as a takeover target. Asos, which targets young trendy customers, said its retail sales increased 69 per cent to £104.2m in the three months to 30 June. International sales soared 160 [...]