WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2010 FINANCIAL TIMES TESCO ADVANCES IN CARREFOUR ASIAN AUCTION Tesco is among the bidders through to the second round of the auction for Carrefour’s south-east Asian assets, which are for sale for up to $1bn (£642m). Tesco, the world’s third-biggest supermarket chain by sales after Walmart and Carrefour, was one of more than 10 first-round bidders [...]
John Lewis sales stalled by strike and sunshine October 15, 2010 RETAILER John Lewis said sales growth slowed last week, as a strike on London Underground and a brief Indian summer meant fewer shoppers in its stores. The employee-owned company, traditionally seen as a bellwether of the UK retail sector but which has outperformed competitors for over a year, said on Friday sales at its 28 [...]
John Lewis sales stalled by strike and sunshine October 15, 2010 RETAILER John Lewis said sales growth slowed last week, as a strike on London Underground and a brief Indian summer meant fewer shoppers in its stores. The employee-owned company, traditionally seen as a bellwether of the UK retail sector but which has outperformed competitors for over a year, said on Friday sales at its 28 [...]
John Lewis sales stalled by strike and sunshine October 15, 2010 RETAILER John Lewis said sales growth slowed last week, as a strike on London Underground and a brief Indian summer meant fewer shoppers in its stores. The employee-owned company, traditionally seen as a bellwether of the UK retail sector but which has outperformed competitors for over a year, said on Friday sales at its 28 [...]
World’s 500 biggest firms guilty of carbon footprints September 19, 2010 THE WORLD’S 500 largest companies are responsible for more than 10 per cent of global emissions, new research by the Carbon Disclosure Project has found. Figures show that the world’s largest businesses contribute 11 per cent of global emissions. Roughly 65 per cent of these companies have implemented carbon emission reduction targets but a meagre [...]
World’s 500 biggest firms guilty of carbon footprints September 19, 2010 THE WORLD’S 500 largest companies are responsible for more than 10 per cent of global emissions, new research by the Carbon Disclosure Project has found. Figures show that the world’s largest businesses contribute 11 per cent of global emissions. Roughly 65 per cent of these companies have implemented carbon emission reduction targets but a meagre [...]
Non-food lifts J Sainsbury October 6, 2010 J SAINSBURY yesterday reported a sales rise in the second quarter as it pinned its hopes on catching Asda by rapidly expanding store space. The UK’s third largest chain behind Tesco and Asda, said non-food items were fuelling its performance. Sainsbury’s saw a 2.9 per cent like-for-like increase in sales in the period, which also [...]
Fears over consumer climate send retailers and FTSE down November 3, 2010 BRITAIN’S top share index closed lower yesterday, with retailers weak as Next posted falling sales, while banks gained ground after Lloyds Banking Group poached Santander UK’s head as its new CEO. Investors were reluctant to take big positions ahead of a Federal Reserve decision on further monetary policy easing later yesterday. Markets are pricing in [...]
BEST OF THE BROKERS September 15, 2010 ARM Execution Noble thinks it’s time for a breather on the technology company, and downgrades the stock to a “sell” with a fair value of 300p. The broker says that ARM remains well placed to outperform the semi-conductor industry, and will continue to expand into new end markets, but the current value of 29 times [...]
PERSONAL FINANCE NEWS October 14, 2010 THIRD OF ADULTS WITHOUT SAFETY NET Almost a third of adults have less than £249 set aside as a financial safety net and 19 per cent have no savings at all to fall back on, according to new research from HSBC. This is equivalent to just five days average take home pay while the recommended [...]