Retail therapy addiction will hold up in 2011 November 7, 2010 BRITISH consumers are to continue spending unfazed in 2011, despite government cutbacks and higher taxes, according to research by auditing firm BDO. The firm’s Retail Forecasts 2011 report calls the UK consumer a “curious beast” unable to kick an “addiction to shopping” despite speculation about a double dip recession. The report uses a monthly high [...]
Theo Fennell dismisses VAT rise September 29, 2010 Jeweller Theo Fennell said yesterday January’s VAT rise is not a worry as most of its affluent customers are from overseas and not liable for the tax. Chairman Rupert Hambro said the business had performed well over the last six months, while both its flagship Fulham Road and City stores have been upgraded. The company’s [...]
Mining firms haul FTSE 100 to highest level in five weeks December 13, 2010 Strong miners pushed Britain’s top share index to a five-week closing high on Monday, buoyed by firmer metals prices on strong economic data from China, while sector consolidation moves gave oil services firms a fillip. The FTSE 100 closed up 47.80 points, or 0.8 per cent, at 5,860.75, its highest close since 9 November, albeit [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]
The man adding colour and style to the City December 2, 2010 IT’S at this time of year that lots of us are reminded just what a frightful drag shopping can be. But of course, it doesn’t have to be – you just have to find the right shop. Take the new premises of men’s clothes and accessories brand Simon Carter on Bow Lane in the City [...]
Real estate shares surge as bid for CSC sparks appetite November 25, 2010 BRITAIN’S leading shares pushed higher yesterday, buoyed by strength in heavyweight miners and banks, and by gains from real estate issues as Capital Shopping Centres bounced on bid interest. At the close, the FTSE 100 was up 41.83 points, or 0.7 per cent, at 5,698.93, dipping back in the closing auction after hitting a late-afternoon [...]
ODD JOBS November 10, 2010 GENERAL MANAGER, THE MERCER Before he made the move to Threadneedle Street restaurant The Mercer, Bedford ran restaurants such as Dakota in Notting Hill, The Collection in Chelsea and Mocota in Knightsbridge. Although he enjoys all aspects of managing a restaurant, wine is a special interest that has only intensified during his time in the [...]
THE TRUTH BEHIND THE BAILOUT IN IRELAND November 30, 2010 SHORT of holding a gun to his head, how did the IMF persuade Brian Cowen to accept Ireland’s €85bn (£72bn) bailout, just hours after he denied the country was in financial trouble? Well, according to a new Taiwanese news animation, holding a gun to his head was exactly what it did. The same firm that [...]
THE TRUTH BEHIND THE BAILOUT IN IRELAND November 30, 2010 SHORT of holding a gun to his head, how did the IMF persuade Brian Cowen to accept Ireland’s €85bn (£72bn) bailout, just hours after he denied the country was in financial trouble? Well, according to a new Taiwanese news animation, holding a gun to his head was exactly what it did. The same firm that [...]