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 [...]
Hilton Food in line with forecasts May 17, 2011 Hilton Food Group has said its trading is in line with expectations, and is set to continue that way for the remainder of the financial year, despite falling consumer spending. The meat packaging company has revealed that volumes continue to build at Tesco stores abroad, resulting in double-digit volume growth.
CHELSEA CHARMS THE CITY May 23, 2011 THE Queen was presented with a rare orchid named in her honour yesterday as this year’s Chelsea Flower Show 2011 opened with several well-known City players braving the strong winds for the annual gala preview. Centrica boss Sam Laidlaw, Marks & Spencer chair Robert Swannell, Lloyds chairman Sir Win Bischoff, newly appointed Tesco chair Sir [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 6, 2011 FINANCIAL TIMES SPAIN TO SEEK REDRESS OVER E. COLI CLAIM Spain will demand “100 per cent” compensation for the damage suffered by its farmers over unfounded accusations that they were the source of the E. coli outbreak in Germany that has killed 22 people and made thousands sick. Rosa Aguilar, Spain’s environment and rural affairs [...]
Krispy Kreme UK sales on the rise May 31, 2011 Doughnut maker Krispy Kreme saw UK sales of £33.4m over the past 12 months, it said yesterday. Like-for-like figures showed a same-store sales increase of 1.4 per cent. Revenue was up 12.6 per cent. The company said it plans to double its presence in the UK in the next five years. Over the past 12 [...]
Tesco China aims to quadruple its sales November 22, 2010 SUPERMARKET Tesco plans to quadruple sales in its Chinese business over the next five years, the firm said yesterday. Tesco told investors and analysts it hopes to hit £4bn in annual sales by 2015, in a country where sales are currently rising at eight per cent year-on-year. The firm aims to build more than 1,000 [...]
Tesco China aims to quadruple its sales November 22, 2010 SUPERMARKET Tesco plans to quadruple sales in its Chinese business over the next five years, the firm said yesterday. Tesco told investors and analysts it hopes to hit £4bn in annual sales by 2015, in a country where sales are currently rising at eight per cent year-on-year. The firm aims to build more than 1,000 [...]
BEST OF THE BROKERS June 16, 2011 BARCLAYS Deutsche Bank rates the bank “buy” with a target price of 386p. The broker notes that Barclays was keen to stress its flexibility in the face of regulatory shifts at a recent investor day, forecasting a 15 per cent return on equity for BarCap in 2013 even if revenues are subdued by rule changes. [...]
Casino beats Tesco to Thai deal November 14, 2010 French retailer Casino has beaten supermarket giant Tesco in an auction to buy 40 Thai supermarkets from Carrefour. Casino is set to pay more than €700m for the Thai assets. Tesco, the world’s third largest supermarket by sales, had been tipped as a top contender for the purchase because it is the market leader in [...]
ANALYST VIEWS: ARE TESCO’S SALES RISES ENOUGH TO SATISFY INVESTORS? December 7, 2010 RICHARD HUNTER | HARGREAVES LANSDOWN The high expectations surrounding the company have not been adequately met, as the share price has drifted three per cent, as against a nine per cent hike in the FTSE100. We recommend a cautious buy. SAM HART | CHARLES STANLEY For a company forecast to deliver at least low double-digit [...]