Morrisons in £70m deal to join web war February 15, 2011 WM MORRISON yesterday announced that it had finally taken the plunge into online retail, splashing out £70m on baby goods firm Kiddicare. The supermarket giant has so far resisted the move to the web while rivals like Sainsbury’s, Tesco and Asda see online sales as vital to their financial health. But the purchase of Kiddicare [...]
Morrisons buys baby care website for £70m February 15, 2011 Wm Morrison Supermarkets, the country’s fourth-biggest grocer, is buying online baby products retailer Kiddicare for £70m to kick-start an online business selling non-food goods. Morrison said the deal would give it a technology platform and distribution centre to develop an online non-food business, launching its first products in 2012. The move is part of chief [...]
Labour’s plan for business: Government should unite profit with social purpose November 9, 2011 WHEN private equity firm NPM Capital and the current management bought out a sleepy Dutch carpet manufacturer called Desso in 2007, they were seeking to do what all successful investors do: to find a gap in the market from which they could profit. And profit they have. Following the buy out, Desso’s market share rose [...]
Labour’s plan for business: Government should unite profit with social purpose November 9, 2011 WHEN private equity firm NPM Capital and the current management bought out a sleepy Dutch carpet manufacturer called Desso in 2007, they were seeking to do what all successful investors do: to find a gap in the market from which they could profit. And profit they have. Following the buy out, Desso’s market share rose [...]
All souped up in Soho: yet another super-cool food bar enters the fray October 24, 2011 DUCK SOUP 41 Dean Street, Soho, W1D 4PY www.ducksoupsoho.co.uk FOOD *** SERVICE *** ATMOSPHERE **** Cost per person without wine: £30 IT’s all part of the Soho experience – the perch at the bar, the swiveling stool, getting up close and personal with the waitress pushing past you. Duck Soup, which is staffed by alumni [...]
THE TIPSTER September 5, 2011 THE threat of Federal Housing Finance Agency (FHFA) lawsuits from the US is certainly hammering banks and with Barclays being very much on the Agency’s hit list, the stock has been tumbling in London over recent days. However, heavyweight investors have shown conviction in the bank in the past, so is there any reason to [...]
Why Ocado isn’t delivering as the markets hoped September 19, 2011 WHEN Ocado came to the market in July 2010, to some (its investors) it was a great opportunity to buy into a growth online market with a unique business model and amazing technology. The company had been going for ten years and was just about to break through the tipping point, which would lead profits [...]
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 [...]
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 [...]
Supermarkets cut petrol prices as oil tumbles August 8, 2011 SUPERMARKETS have cut the price of petrol from near-record levels after the cost of oil tumbled in the face of continuing fears over Eurozone debt, the US downgrade and plunging stock markets. Asda was the first of the big retailers to announce yesterday that it would cut the price of unleaded petrol and diesel by [...]