CITY VIEWS: DO YOU SHOP IN HMV AND WOULD YOU MISS IT IF IT FOLDED? January 19, 2011 CRAIG MEDFORD | MH CARBON “It’s just been wiped out. I don’t think there’s a way for it to undercut. There are so many other competitors like Tesco’s and Sainsbury. It’s lost its market really.” DANIEL FARIKULLAH | NOMURA “Naturally, it has to go, with technology taking control. People are quite lazy and it’s easier [...]
FTSE shrugs off bank levy tax as it surges to 32-month high February 8, 2011 BRITAIN’S leading share index jumped higher yesterday, ending at levels not seen since May 2008, supported by rallies from banks and miners, and by gains in energy issues following results from BG Group. At the close, the FTSE 100 index was up 40.30 points, or 0.7 per cent at 6,091.33, its fifth gain in the [...]
Lawyers are bad at business? Think again February 8, 2011 THIS paper recently ran an article warning that for lawyers “doom is nigh” and that they should shape up or ship out. The context was the Legal Services Act and its welcome shake up of the way in which legal services can be delivered. The article had many solid, good messages: in summary, cutting overheads [...]
Lawyers are bad at business? Think again February 8, 2011 THIS paper recently ran an article warning that for lawyers “doom is nigh” and that they should shape up or ship out. The context was the Legal Services Act and its welcome shake up of the way in which legal services can be delivered. The article had many solid, good messages: in summary, cutting overheads [...]
Asda vows to cost 10pc less January 6, 2011 ASDA has guaranteed to sell 15,000 grocery products at least 10 per cent cheaper than all of its big rivals. The UK’s second largest chain behind Tesco is promising voucher refunds if customers are charged more. Asda chief executive Andy Clarke said: “The Asda Price Guarantee cuts through all the phoney claims and headline numbers, [...]
Ian Cheshire to join the DWP board as non-exec January 31, 2011 IAN Cheshire has been appointed as the lead non-executive member on the Department for Work and Pensions (DWP) board. The outspoken Kingfisher chief executive is no stranger to politics. He threw his weight behind a high profile campaign by the Tories to reverse a hike in National Insurance, proposed by Labour before their election defeat. [...]
What the other papers say this morning January 18, 2011 FINANCIAL TIMES NATIONAL GRID AWAITS RULING ON CHARGES National Grid will receive a long-awaited ruling from New York state regulators on the amount that it can charge its customers. A positive outcome would give the company breathing space to improve the performance of its US business. A negative outcome, suggested by a draft ruling last [...]
Morrisons in slim Xmas sales rise January 10, 2011 Wm Morrison Supermarkets posted a modest rise in Christmas sales – held back by disruption from severe weather and a tough consumer backdrop. Britain’s fourth-biggest grocer behind market leader Tesco, Asda and Sainsbury’s said sales at stores open at least a year rose one per cent excluding fuel and VAT sales tax in the six [...]
Supermarket chains halt Xmas orders in Scotland after weather takes its toll December 13, 2010 SUPERMARKETS and online shops – including Tesco, Sainsbury’s and Asda – have halted orders or suspended deliveries, after last week’s heavy snow weather brought the transport network to a standstill. Many are struggling to cope with a backlog of deliveries after strong downfalls. Couriers including Parcel Force and Home Delivery Network have also been affected, as [...]
What the other papers say this morning February 1, 2011 FINANCIAL TIMES INVESTORS WARN OVER DEEP WATER DRILLING RISKS Oil companies operating in deep water must do much more to reassure shareholders that they are not taking excessive risks that could put them out of business, representatives of investors with $2,500bn under management have warned. US and European share holders, including state employees’ pension funds [...]