Tesco staff to cash in with share plan February 4, 2010 Thousands of Tesco employees who invested in the company’s saving scheme have each netted a share of £144m. After 12 months’ employment, the supermarket allows staff to invest between £5 and £50 a month in its Save As You Earn share scheme. Those who saved the maximum for the five-year scheme gained a 100 per [...]
A new generation of banks August 5, 2010 BRITAIN saw the launch of its first new high street bank in many years recently, with the opening of Metro Bank’s first and only branch so far on High Holborn. The launch featured no end of gimmicks – including balloons, goodie bags and free dog biscuits – to persuade consumers that the bank offers something [...]
Micro Focus slashes its revenue target August 11, 2010 Micro Focus International was forced to slash its full-year revenue target after underlying growth stalled in the first quarter, with customers delaying contracts and low-value deals remaining weak. The firm’s shares fell 31 per cent to a 16-month low yesterday after the company, which upgrades legacy mainframe applications for companies like Boeing and Tesco, updated [...]
FTSE falls on weaker banks, despite advance made by BP September 30, 2010 BRITAIN’S FTSE 100 closed lower yesterday as weaker banks outweighed gains from energy stocks on stronger crude prices and comments suggesting BP could resume paying a dividend in 2011. The FTSE 100 closed 20.65 points, or 0.4 per cent lower at 5,548.62. It gained 6.2 per cent in September and 12.8 per cent in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 22, 2010 THE SUNDAYS The Sunday Telegraph TESCO TO OPEN DRIVE-THRU STORE It has moved into banking, pet insurance and telecoms, but Tesco will expand its reach further this week with the launch of the UK’s first ever “drive-thru” supermarket. The service will allow customers to pick up their weekly shop without leaving their car. LIDL SET [...]
BEST OF THE BROKERS June 27, 2010 MARKS & SPENCER UBS maintains a “buy” recommendation for Marks & Spencer and said that it forecasts first quarter like-for-like growth of three per cent in general merchandise and 1.5 per cent in food. UBS said the consensus may be a little higher and that there may be an Easter impact as last year’s first [...]
THE TIPSTER July 7, 2010 GOLD has sold off sharply although rather than the usual risk appetite explanation, fingers are pointing towards central banks offloading the asset to the Bank of International Settlements. However, with the risk a double-dip still looming, there’s no shortage of reasons why the foray below $1,200/ per oz will be short lived. The current IG [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 3, 2010 THE SUNDAYS The Sunday Telegraph EURO MAY NOT SURVIVE, CAUTIONS STIGLITZ One of the world’s leading economists has warned that the future of the euro is “looking bleak” and the fragile European economic recovery could be irreparably damaged by a “wave of austerity” sweeping the continent. Joseph Stiglitz, the former chief economist of the World [...]
A SOBERING WARNING FOR OSBORNE AS CAM SWINGS INTO ACTION October 25, 2010 CHAOS as the great and the good gathered for the annual CBI conference on Park Lane yesterday. The delayed start gave David Cameron a chance to prove he’s been reading those zeitgeist briefings: “Sorry for the delay,” he told the gathered business chiefs and hacks. “Like Ann Widdecombe, I had to be hitched by a [...]
Tesco in line for sales hike January 10, 2010 TESCO is being tipped for a like-for-like sales hike of up to four per cent when it issues its trading update tomorrow. The figures are expected to reflect a healthy seasonal boost as customers splashed out over the holiday. Analysts predict that the supermarket chain’s doubling of Clubcard points over the period would help to [...]