Morrisons sees slim Xmas lift January 10, 2011 WM MORRISON Supermarkets posted a modest rise in Christmas sales yesterday, held back by disruption from severe weather and a tough consumer backdrop. Britain’s fourth-biggest grocer behind market leaders Tesco, Asda and J Sainsbury said sales at stores open at least a year rose one per cent, excluding fuel and VAT, in the six weeks [...]
Microsoft Xbox Kinect proving Christmas hit December 7, 2010 THE Microsoft XBox Kinect is “flying off the shelves” according to Tesco. In its quarterly figures yesterday the retailer picked out the product as the one that is driving sales outside its more traditional groceries. The company said the gaming system, which responds to body movements to allow the player to play virtual games, is [...]
Tesco chief Leahy to retire June 15, 2010 THOSE with an innate fear of homogeneity may break into a cold sweat at the mention of Tesco, but there is no question that the supermarket is a robust business play. Faced with a decidedly tricky first quarter – roaring petrol prices eating a hole in shoppers’ pockets; depressed food inflation; a raft of potholes [...]
Sainsbury’s to lead jobs rise January 10, 2011 SUPERMARKET giant Sainsbury’s will create 20,000 new jobs over the next three years, as part of a government backed drive for the private sector to boost employment. Sainsbury’s chief executive Justin King said: “These new jobs will provide a huge boost to communities across the UK and as they are a mixture of full and [...]
Tesco buys Fresh & Easy suppliers June 21, 2010 Tesco has bought out the US operations of Wild Rocket Foods and 2 Sisters Foods, suppliers to its recently-launched Fresh & Easy business. The supermarket hopes to improve their performance and underscore its commitment to America.
Why gazelles and giants both matter March 1, 2011 SHOULD you work for a big company or a small one? To me, the answer is simple: the smaller, nimbler and the more entrepreneurial the firm, the better. But as figures out yesterday demonstrate, there is a reason why many people would prefer to work for larger institutions. The top 100 firms in the UK [...]
The revolution will be beamed into your head March 14, 2011 THE revolution is here and it won’t be televised. It will be beamed directly into your head. It will be everywhere you go, knowing what you are thinking, what you are wearing. It will probably be able to guess what you are going to do next, before even you know it. Welcome to “Gladvertising,” the [...]
London hits 31-month closing high as Portuguese fears fade January 12, 2011 BRITAIN’S top share index hit a 31-month closing high yesterday, boosted by banks after a successful bond sale in Portugal eased investor concerns over Europe’s sovereign debt crisis, and as miners tracked metals prices higher. The FTSE 100 ended up 36.69 points, or 0.6 per cent, at 6,050.72, its highest close since early June 2008, [...]
Choppier waters sailed in quest for high returns February 23, 2011 WITH the UK equity income sector underperforming over recent times, equity funds have struggled to attract the same interest as fixed income funds. However, with the base rate so low, investors are increasingly leaving the safe waters of bond based fixed income funds in favour of the choppier waters of equity income funds, lured by [...]
Tesco chief Leahy to retire June 8, 2010 TESCO chief executive Sir Terry Leahy has announced that he will retire in March after 14 years leading the company. Unveiling its succession plan the retail giant said IT director Philip Clarke, 50, would take over. Leahy will be 55 when he gives over the reins of the company. Clarke is also currently responsible for [...]