John Lewis sales stall again February 18, 2011 John Lewis JLP.UL posted a fourth consecutive week of lacklustre sales, adding to evidence consumers are cutting back on spending in the face of macro economic headwinds. The employee-owned group, which has been outperforming the broader retail sector for over a year, said on Friday sales at its department stores increased 1.4 per cent to [...]
UK consumer morale stuck in depression February 24, 2011 BRITAIN’S slump in consumer confidence has continued into February, according to a survey commissioned for the European Union, released today. The GfK NOP index rose by one point compared to January yet, at a score of -28, remains 14 points below where the index stood this time last year. “Overall confidence remains low and, although [...]
Japanese consumers downbeat January 17, 2011 Recent positive data from Japan was dampened yesterday, as consumer confidence slipped downwards for the sixth successive month. The figures, released by the Bank of Japan, disappointed economists who had expected an upturn.
Japanese consumers downbeat January 17, 2011 Recent positive data from Japan was dampened yesterday, as consumer confidence slipped downwards for the sixth successive month. The figures, released by the Bank of Japan, disappointed economists who had expected an upturn.
Kraft profit hit by Cadbury takeover costs February 11, 2011 Kraft Foods, which took over Cadbury last year, has reported a fall in quarterly profits. The takeover saw sales rise by 30 per cent but net profit fell 24 per cent to $540m (£335m) as the cost of integrating the businesses took its toll. Kraft also warned that it would be increasing prices to offset [...]
Kraft profit hit by Cadbury takeover costs February 11, 2011 Kraft Foods, which took over Cadbury last year, has reported a fall in quarterly profits. The takeover saw sales rise by 30 per cent but net profit fell 24 per cent to $540m (£335m) as the cost of integrating the businesses took its toll. Kraft also warned that it would be increasing prices to offset [...]
TUI on track for full year August 10, 2011 TUI Travel , Europe’s biggest tour operator, said it was on track to meet expectations for the full year, boosted by a strong performance in its British and Nordic businesses. The company, which is majority owned by German group TUI, reported a 57 per cent rise in operating profit to £88m in the third quarter [...]
Mall brings fresh hope to struggling UK shopkeepers September 13, 2011 RETAILERS nationwide are facing tough conditions as the economy slows down, but Westfield will transform trade across Stratford and the wider borough, according to the British Retail Consortium (BRC). Retail is currently hard hit. ONS figures for the year to the end of July 2011 show zero growth in the volume of sales. Footfall across [...]
FTSE buoyed by upbeat corporate results April 26, 2011 Strong corporate results and positive broker research buoyed the FTSE today, leading the market to its highest close in more than two months. The FTSE 100 closed 0.9 per cent higher at 6.069.36 in low volumes following the long Easter weekend and ahead of a second four-day weekend to celebrate the Royal wedding and Mayday. [...]
FTSE falls below 6,000 level as Middle East woes weigh February 22, 2011 BRITAIN’S top share index closed lower yesterday as troubles in the Middle East clouded sentiment, but bumper consumer confidence figures from the US spurred a late rally and boosted commodity stocks. The FTSE 100 closed down 18.04 points or 0.3 per cent lower at 5,996.76, having finished at a two-week closing low on Monday. “The [...]