Shoppers stay at home while prices creep up June 5, 2012 SHOP prices increased again in May while footfall kept dropping, industry data showed today. Overall shop price inflation hit 0.4 per cent in May, up from 0.2 per cent in April, according to British Retail Consortium figures, taking the annual price rise up to 1.5 per cent. Food price inflation jumped to 0.6 per cent [...]
Shoppers stay at home while prices creep up June 5, 2012 SHOP prices increased again in May while footfall kept dropping, industry data showed today. Overall shop price inflation hit 0.4 per cent in May, up from 0.2 per cent in April, according to British Retail Consortium figures, taking the annual price rise up to 1.5 per cent. Food price inflation jumped to 0.6 per cent [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 27, 2012 FINANCIAL TIMES Hague presses for audit on EU law William Hague, the foreign secretary, wants to launch a comprehensive audit of the impact of European Union law on Britain this summer, an exercise that could fuel a Conservative drive to repatriate powers from Brussels. 4,000 firms under tax investigation More than 4,000 companies are under [...]
Burberry profit jumps by a quarter May 23, 2012 British luxury brand Burberry posted a 26 per cent jump in profit as expected and said it would invest up to £200m in new outlets and expanding existing stores in London, Chicago and Hong Kong. The 156-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern, said on Wednesday [...]
Osborne under fire for lack of reforms July 22, 2012 CHANCELLOR George Osborne yesterday came under renewed pressure to define his economic vision as critics from all sides rounded on the government’s record on promoting growth. Statistics due out on Wednesday are expected to show that the UK economy has shrunk for the third successive quarter, raising questions about the stalling financial recovery. To make [...]
A token solution to a seventeenth century dilemma June 27, 2012 IF TODAY was a morning in London 350 years ago, and you wanted to catch up on the latest news, market information and gossip, rather than picking up a copy of City A.M. you would have gone to a coffee shop. In coffee shops you would find the latest pamphlets and printed news, and met [...]
M&S to introduce in-store banking service June 8, 2012 Retailer Marks & Spencer said it plans to launch an in-store banking service next month, backed by Europe’s biggest bank HSBC. The group said 50 M&S Bank branches will open in M&S stores across the UK over the next two years, with the first branch scheduled to open in July at its flagship Marble Arch [...]
Osborne eyes change of strategy to boost liquidity June 13, 2012 GEORGE Osborne is expected to use tonight’s Mansion House speech to reveal a new strategy aimed at boosting liquidity in the banking system. The chancellor’s attempt to ease the credit logjam comes as both companies and households continue to struggle to access finance. The move follows Bank of England deputy governor Paul Tucker’s acknowledgement on [...]
Land Securities hit by weaker office demand May 16, 2012 LAND SECURITIES, the UK’s biggest real estate investment trust, said turmoil in the Eurozone was continuing to dampen demand for office space in central London as it reported a fall in full-year profits. Rob Noel, who replaced Francis Salway as chief executive at the beginning of May, said uncertainty in Europe had “weighed heavily on [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 26, 2012 FINANCIAL TIMES Global role for Citi’s Asia consumer head Citigroup has underlined Asia’s growing importance to the bank by naming its consumer banking head in Hong Kong as global head of retail banking, according to an internal email seen by the Financial Times. Jonathan Larsen has been given the task of bringing all of Citi’s [...]