ECONOMIC DIARY February 7, 2010 AFTER the Bank of England announced that it would be pausing, at least for now, its quantitative easing policy, the big event in the UK this week will be the quarterly inflation report on Wednesday morning. The Bank is expected to revise down its growth forecast while revising up its inflation predictions and will give [...]
Insolvencies to peak in 2010 as state props are withdrawn January 18, 2010 THE rate of corporate failures will accelerate in the second half of 2010 as government stimulus measures are unwound, insolvency specialist Begbies Traynor warned yesterday. The firm said 140,000 British companies suffered significant financial problems in the fourth quarter despite measures such as quantitative easing and the 2.5 per cent VAT cut. Begbies Traynor executive [...]
Sports Direct mulls a cash bid for Blacks March 2, 2010 SPORTS Direct yesterday said it is considering a takeover offer for Blacks Leisure. Mike Ashley’s group, which has brands including Slazenger and Dunlop, already owns almost 30 per cent of Blacks shares. It said it is “evaluating a possible cash offer for the entire issued and to be issued share capital of Blacks”. The company, [...]
Theo Fennell sales sparkle over Xmas January 19, 2010 LONDON luxury jewellery chain Theo Fennell yesterday registered sparkling sales growth of 25 per cent for the period 1 to 24 December. The company – which has founder Theo Fennell back on board – expects to make a marginal loss for the financial year, an improvement on the £3.3m loss recorded last year. Like-for-like sales [...]
BA and Unite in new talks January 7, 2010 BRITISH Airways will hold talks with union leaders representing cabin crew this week, in a bid to avoid potentially crippling industrial action. Unite is already balloting its members for a second strike after a planned 12-day action over the Christmas period was ruled illegal by a High Court judge. Discussions will revolve around planned changes [...]
BA and Unite in new talks January 6, 2010 BRITISH Airways will hold talks with union leaders representing cabin crew this week, in a bid to avoid potentially crippling industrial action. Unite is already balloting its members for a second strike after a planned 12-day action over the Christmas period was ruled illegal by a High Court judge. Discussions will revolve around planned changes [...]
HMV: Weak performance of Waterstone’s is drag on trading January 14, 2010 MUSIC and book retailer HMV posted a fall in like-for-like sales over Christmas – dragged down by the poor performance of its Waterstone’s business. Sales in the five weeks to January were down 1.2 per cent overall even though the group’s CD and DVD chain in the UK and Ireland saw a lift of 2.2 [...]
UK and US shut up embassies in Yemen January 3, 2010 THE United States and Britain closed their embassies in Yemen yesterday over security concerns about possible militant attacks after the failed bombing of a US-bound plane on Christmas Day. The US embassy cited threats by al Qaeda, which US intelligence agencies believe has a growing presence in Yemen. A British Foreign Office spokeswoman cited security [...]
HMV sales dragged down by Waterstone’s January 14, 2010 MUSIC and book retailer HMV posted a fall in like-for-like sales over Christmas – dragged down by the poor performance of Waterstone’s. Sales in the five weeks to January were down 1.2 per cent overall even though the group’s CD and DVD chain in the UK and Ireland saw a lift of 2.2 per cent [...]
TRAVEL NOTES December 14, 2009 A winter wonderland break in Prague Try a visit to central Europe’s most beautiful city for New Year’s, where fairytale gothic spires, golden rooftops and plenty of beer are sure to delight when the clock strikes 12. Stay at the four-star Casa Marcello in the Josefov district for £696 per person for three nights over [...]