Kesa mulls move to quit London listing October 23, 2011 KESA Electricals is considering quitting the London Stock Exchange in favour of a Paris listing once it has sold its troubled Comet business. Moving the group to France would help it to avoid constant comparisons with Britain’s retail sector, a shift some major shareholders would view as beneficial. It could also change its name to [...]
Kesa mulls move to quit London listing October 23, 2011 KESA Electricals is considering quitting the London Stock Exchange in favour of a Paris listing once it has sold its troubled Comet business. Moving the group to France would help it to avoid constant comparisons with Britain’s retail sector, a shift some major shareholders would view as beneficial. It could also change its name to [...]
Key week for Burberry amid China worries October 9, 2011 INVESTORS will be eagerly awaiting first half figures from Burberry this Wednesday, as the luxury fashion house seeks to reassure that its expansion remains on track despite uncertainty in key Asian markets. Amid general market turmoil and fears over a slowdown in the Chinese economy, which accounts for 15 per cent of the company’s retail [...]
Record sales at Republic despite UK’s retail slump October 12, 2011 REPUBLIC, the private equity owned clothing chain now run by former Asda chief executive Andy Bond, has achieved record sales despite the slump on the high street. The accounts for Republic (Retail) show sales rose 4.5 per cent to £181.19m. Operating profit for the year to 30 January fell 7.3 per cent to £27.27m, however, [...]
Record sales at Republic despite UK’s retail slump October 12, 2011 REPUBLIC, the private equity owned clothing chain now run by former Asda chief executive Andy Bond, has achieved record sales despite the slump on the high street. The accounts for Republic (Retail) show sales rose 4.5 per cent to £181.19m. Operating profit for the year to 30 January fell 7.3 per cent to £27.27m, however, [...]
COCKTAILS AT DAWN AS MAHIKI BRINGS POLYNESIAN FUN TO DUBAI December 19, 2011 IT WAS strictly guest-list only at last night’s opening party for Mahiki Dubai. “We are expecting 500-plus and queues out of the door,” said a spokesperson for the club, which opens to the public today in the basement of the Jumeirah Beach Hotel. The Jumeirah is a venue “completely given over to the pleasures of [...]
Paranormal 3 jolts box office October 23, 2011 Horror movie “Paranormal Activity 3” jolted awake a sleepy movie box office with an estimated $80m (£50.2m) in global ticket sales over the weekend. The third instalment of the low-budget haunted house movies topped domestic charts with $54m from US and Canadian theatres, the highest-grossing domestic debut for a horror film and a record for [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 23, 2011 FINANCIAL TIMES BOSTOCK IN TALKS TO QUIT M&S FOR ASOS Kate Bostock, the head of Marks and Spencer’s clothing and homewares business, is in advanced talks to take up a senior role at Asos. People familiar with the situation said Bostock was talking to the online fashion retailer about becoming its managing director. Losing Bostock, [...]
Setting a match to the debate on petrol inflation November 14, 2011 INFLATION is now rising faster than wages, and Britain faces a cost-of-living crisis. Astronomical fuel prices are the number one issue in my constituency: they are creating a poverty trap, and are a major brake on economic growth. In real terms, adjusted for inflation, motoring fuel has never been this expensive – except for just [...]
Setting a match to the debate on petrol inflation November 14, 2011 INFLATION is now rising faster than wages, and Britain faces a cost-of-living crisis. Astronomical fuel prices are the number one issue in my constituency: they are creating a poverty trap, and are a major brake on economic growth. In real terms, adjusted for inflation, motoring fuel has never been this expensive – except for just [...]