Student attempting to break cycling World Record, fight cancer and woo employers August 3, 2014 Word has it students have to go that extra mile in order to make themselves stand out from the crowd to employers these days. And one Loughborough university student is taking that to the extreme – cycling 3,868 extra miles. James Bowtell is currently attempting to break the Guinness World Record for cycling across [...]
Carve Tesco into three, says former director August 26, 2014 A former Tesco executive has called for the business to be radically restructured by its incoming boss, creating three separate entities. Bruno Monteyne, an analyst at Bernstein Research and previously Tesco.com's development director, has argued that carving the supermarket up could be the only way to halt its decline. He suggests dividing it [...]
London Report: Shares slip as FTSE waits for Scotland verdict September 17, 2014 BRITAIN’S top share index yesterday slipped and underperformed gains on rival European bourses, as the uncertainty raised by Scotland’s vote on independence pegged back the UK stock market. The blue-chip FTSE 100 index closed down by 0.2 per cent, or 11.34 points, at 6,780.90 points. Engineering conglomerate Smiths Group was the worst FTSE stock in [...]
Dividend fears hit Tesco shares July 22, 2014 SHARES in Tesco slumped nearly four per cent yesterday on fears that dividends could be cut as analysts called for a complete overhaul in strategy under its new chief executive. JP Morgan analysts said Unilever director Dave Lewis, due to take over from Philip Clarke in October, would have to reset its UK margins from [...]
Dave Lewis in plea to staff: Tell me how to fix Tesco September 1, 2014 New Tesco boss Dave Lewis parachuted into the supermarket giant yesterday by urging his half a million staff to email suggestions to help fix the troubled retailer. Marking his first day in charge, Lewis – who stepped up to take the reins from departing boss Phil Clarke a month earlier than planned – penned a [...]
Tesco’s Dave Lewis in video interview addresses management shake up speculation September 5, 2014 Seven days into his tenure at Tesco, “Drastic Dave” Lewis has revealed how his “rollercoaster” first week in the new job went in a video posted on the supermarket’s YouTube channel. The former Unilever executive who replaced Philip Clarke said he won't shy away from making a call on management changes but would not make [...]
City Views: Where do you think Tesco went wrong and what is your view on the CEO change? July 21, 2014 PAUL O’REILLY | VIRTUAL 1 I believe that Tesco should get rid of sections such as gardening and homeware. Also, Tesco was wrong to introduce auto-checkouts, as it needlessly cut of hundreds of jobs. I have no view on the CEO change other than I hope he will improve the company. RICHARD HILL-TOUT | SAUL TRUSTEE COMPANY [...]
Tesco to splash £11m on Dave Lewis and Philip Clarke rescue operation July 21, 2014 Tesco will spend more than £1.8m on its new chief executive Dave Lewis but up to £9.6m on departing boss Philip Clarke as the supermarket puts its faith in the industry outsider to turn its sales around. Clarke’s shock departure and his replacement with Unilever’s president of personal care, who will start in October, comes [...]
London Report: UK’s second quarter growth and minutes from Bank in focus July 21, 2014 THE first estimate of gross domestic product data for the second quarter is likely to be closely watched after hints of a rate rise later this year. The minutes of the July meeting of the Bank of England’s Monetary Policy Committee will also be of interest, for the same reason, and retail sales figures will [...]
WPP snaps up Dutch outfit June 17, 2014 WPP yesterday said it was taking over Dutch marketing strategy consultant EffectiveBrands for an undisclosed sum. The deal, made through WPP’s media research arm Millward Brown, would see EffectiveBrands combine its client list of Pernod Ricard, Barclays, Unilever and PepsiCo with the WPP firm to create a new unit called Millward Brown Vermeer. EffectiveBrands made [...]