The man who thinks MBAs should make ethics centre stage in the boardroom April 28, 2010 AROUND a year ago, in the aftermath of the collapse of Lehman Brothers and in the midst of governments bailouts, a group of Harvard Business School MBA students decided to create an oath that would help to promote more ethical behaviour in business. They were stung by criticism of MBAs, who were blamed by some [...]
FTSE at lowest level in three months as bank shares drop February 4, 2010 WORRIES about the global economy pushed Britain’s top share index to its lowest close in three months yesterday as spiking risk aversion hammered banks and miners while energy stocks fell on weaker commodity prices. The FTSE 100 ended 113.84 points or 2.2 percent lower at 5,139.31, its lowest close since 5 November, having snapped a [...]
FTSE at lowest level in three months as bank shares drop February 4, 2010 WORRIES about the global economy pushed Britain’s top share index to its lowest close in three months yesterday as spiking risk aversion hammered banks and miners while energy stocks fell on weaker commodity prices. The FTSE 100 ended 113.84 points or 2.2 percent lower at 5,139.31, its lowest close since 5 November, having snapped a [...]
BEST OF THE BROKERS July 12, 2009 CHLORIDEKBC Peel Hunt cut its target price on Chloride from 160p to 140p and downgraded the stock from “buy” to “hold”, after reducing its 2011 forecasts for the group. The broker said that long-term growth drivers are intact and that service revenues will provide some resilience, but that margin pressure is inevitable.CARPETRIGHTInvestec cuts its forecasts [...]
John Lewis sales boost shows confidence is back November 15, 2009 Bellwether retailer John Lewis provided fresh signs of confidence seeping back into the high street by reporting a 17.1 per cent rise in sales last week compared to last year. And the group said that the past week’s trading is also £500,000 up on 2007, pre-credit crunch, when shoppers spent £71.98 on average each. John [...]
Hot weather adds sizzle to retail sales July 23, 2009 UNUSUALLY hot weather and aggressive discounting by retailers fuelled a surge in retail sales last month, official data from the Office for National Statistics (ONS) showed yesterday. Figures from the ONS revealed that total retail sales rose by 1.2 per cent in June on the previous month, putting the annual rise on a seasonally-adjusted basis [...]
Hot weather adds sizzle to retail sales July 23, 2009 UNUSUALLY hot weather and aggressive discounting by retailers fuelled a surge in retail sales last month, official data from the Office for National Statistics (ONS) showed yesterday. Figures from the ONS revealed that total retail sales rose by 1.2 per cent in June on the previous month, putting the annual rise on a seasonally-adjusted basis [...]
SENTIMENT TAKES A NOSEDIVE, DAMPENS RECOVERY PROSPECT July 13, 2009 MARTIN SLANEYHEAD OF DERIVATIVES, GFTCONSUMER confidence is fundamental to market mood, and even more so when the prospect of economic recovery has been touted but not yet assured. Confidence is the building block of spending, which is critical to recovery. And right now confidence is taking a big dip. The bimonthly Reuters/University of Michigan preliminary [...]
High street celebrates Xmas boost January 11, 2010 SNOWY weather and economic gloom could not deter British shoppers from hitting the high streets in their droves last month, giving retailers their best December performance in four years, the British Retail Consortium (BRC) will say today. Total retail sales values increased by an astonishing six per cent last month on December 2008 and 5.4 [...]
UK consumer upbeat about rest of year July 7, 2009 BRITISH consumers are feeling increasingly positive and confidence levels are now close to those recorded last year, according the Nationwide consumer confidence index published today. The index rose to 58 from 54 in May, compared to a reading of 59 in June last year. Consumer expectations for the economic situation in six months time were [...]