CITY MOVES WHO’S SWITCHING JOBS October 14, 2009 Ambrian PartnersThe stockbroking firm has appointed Philip Dorgan, one of the most respected retail analysts in the market, to its research team. Dorgan has been a retail analyst at rival broker Panmure Gordon for the past 13 years, latterly as head of research. He was also head of European retail at Goldman Sachs between 1988 [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 1, 2009 FINANCIAL TIMES HIT HAMSTER RANGE LIFTS CHARACTER GROUPToymaker and distributor The Character Group has predicted Christmas shortages of its most popular lines of children’s gifts, including Go Go Pets, based on a range of battery-powered interactive hamsters. John Lewis, the department store chain, has already imposed a limit of one order per customer for the [...]
Demand for luxury goods aids Burberry October 14, 2009 Luxury fashion retailer Burberry yesterday smashed City forecasts as shoppers rushed to get this season’s latest handbags and accessories. Burberry reported revenue of £343m in the three months ended 30 September, down five per cent at constant currencies, but ahead of analyst forecasts of £320m to £335m. Chief financial officer Stacey Cartwright said the group [...]
Retail investors boost private client stockbrokers October 7, 2009 THE surge of retail investors rushing back to equities in recent months has become a flood since London’s benchmark FTSE 100 index broke through the psychologically important 5,000 mark on 9 September. This represents a massive opportunity for private client stockbrokers, many of which have seen a boost to both client numbers and to the [...]
City Moves for 29 October 2009 | Who’s switching jobs October 28, 2009 Financial Services Skills CouncilThe FSSC has appointed Legal & General’s Adrian Clark and Santander’s Bernadette Brown, pictured, to its board of directors. Clark is L&G’s chief operating officer for protection throughout the UK as well as director of its Cardiff site. Brown is a human resources business partner for Santander’s UK businesses, based in the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 14, 2009 FINANCIAL TIMES COUNCILS THREATEN ICELAND BANK ACTION Council leaders have threatened to launch legal proceedings against a failed Icelandic bank which they fear will not repay £150m in deposits made by local authorities before the credit crunch. British councils had £900m of deposits in Iceland when a trio of its banks collapsed. So far barely [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 13, 2009 THE SUNDAYS The Sundays Telegraph DEBENHAMS DIRECTORS GET BUMPER PAYOUTS Directors of Debenhams have received bumper payouts, despite the retailer cutting its dividend payment to shareholders last year. Rob Templeman, chief executive, saw his package increase by a third to £1.24m after he was granted a bonus of £428,073. Michael Sharp, deputy chief executive, saw [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 17, 2009 FINANCIAL TIMES BARCLAYS RETAIL CHIEF WARNS NEW ENTRANTSThe new head of global retail banking at Barclays has joined the backlash of traditional bankers against the entry into banking of supermarkets and other consumer companies. Antony Jenkins said the new competitors may be under-estimating the difficulties of breaking into the market. APOLLO SETS SIGHTS ON NYSE [...]
Carluccio’s dines out as new openings lift profits October 8, 2009 ITALIAN restaurant and retail group, Carluccio’s, yesterday said it expected to deliver full-year underlying pre-tax profits slightly ahead of its expectations as it experienced good trading in the period. For the 52 weeks ended 27 September, the company – headed by chief executive Simon Kossoff – said its revenue grew eight per cent. Carluccio’s, which [...]
Carluccio’s dines out as new openings lift profits October 8, 2009 ITALIAN restaurant and retail group, Carluccio’s, yesterday said it expected to deliver full-year underlying pre-tax profits slightly ahead of its expectations as it experienced good trading in the period. For the 52 weeks ended 27 September, the company – headed by chief executive Simon Kossoff – said its revenue grew eight per cent. Carluccio’s, which [...]