Osborne takes a break from the campaign trail to talk to the City April 26, 2010 LAST YEAR, the future looked very different for George Osborne. With the Tories enjoying a seemingly unassailable lead in the polls, few doubted he would become the next chancellor. Privately, Tory strategists even whispered the word “landslide”. Now nearly all the polls point at a hung parliament and Osborne, who is also the Tories’ election [...]
Getting to the BOTTOM of ladies’ underwear December 17, 2009 You know the feeling. It’s two days before Christmas and there is a creeping sense of dread threatening to ruin your festive spirit. So far seasonal cheer has extended to quaffing too many glasses of strong lager and trying not to abuse your boss at the office party. But now there’s no more putting off [...]
Debenhams kicks off retail price war November 16, 2009 Debenhams yesterday announced it will be slashing £250m off prices in a four-day sale this week, in a move which it predicts will spark a price war similar to the frenzied discounting seen last Christmas. Rival Marks & Spencer’s executive chairman Sir Stuart Rose, said earlier this month he did not expect a repeat of [...]
CITY VIEWS: WHAT WILL HAPPEN NEXT IN THE CADBURY BID BATTLE? January 4, 2010 JEREMY BATSTONE-CARR | CHARLES STANLEY “Our “Reduce” recommendation is predicated on the view Cadbury will do enough to ensure sufficient shareholder support to see off its rivals. We think it unlikely that [the next trading] update will have disappointed, judging by the strong anecdotal evidence to suggest robust Christmas-related sales activity.” HENK POTTS | BARCLAYS [...]
BEST OF THE BROKERS January 4, 2010 CARNIVAL Cruise operator Carnival’s full year results were ahead of market expectations and Charles Stanley expects yields to continue to recover with the US economy in 2010. It believes cruising remains a structural growth industry with good prospects for growth in Europe and Asia. Booking and occupancy levels remain strong, it said. J SAINSBURY Shore [...]
Miko De Beauchene looks pure Gold to add to tremendous Haydock record February 18, 2010 THE expression ‘horses for courses’ could not be more appropriate when it comes to weighing up the chances of MIKO DE BEAUCHENE in bottomless ground at Haydock. Venetia Williams’ 10-year-old is attempting to win the Blue Square Gold Cup for a second time and represents terrific each-way value at 10/1. The 2007 Welsh Grand National [...]
Champagne on ice for an April Xmas bash January 17, 2010 THE turkey’s long been eaten, the tree taken down and the tinsel packed away for next year, but it isn’t stopping many a City firm from continuing to plan their Christmas parties well into the new year. That’s right: hot on the heels of last week’s story about broker Cenkos getting ready for some frivolous [...]
Adams in strife as parent calls in the administrator January 24, 2010 Childrenswear chain Adams has gone in to administration for the second time in little more than a year, putting 2,000 jobs at risk. Insolvency firm MCR was called in on Friday to Adams’ parent company, JS Childrenswear. MCR partner Paul Clark said “all options” were being considered for the business, which has 120 stores across [...]
Morrisons to trump its retail rivals January 17, 2010 WM MORRISON supermarkets is expected to announce outstanding trading results this week as it emerges from the Christmas period outperforming its rivals. Like-for-like sales of the UK’s fourth biggest supermarket chain are predicted to have improved seven per cent on the previous year, adding to the impressive turnaround overseen by soon-to-depart chief executive Marc Bolland. Bolland [...]
Barclay brothers buy DHL parcels unit January 6, 2010 SIR David and Sir Frederick Barclay started the year with a major acquisition for their home delivery business. They snapped up DHL’s parcels business for an undisclosed sum to merge with their Home Delivery Network (HDN). The deal will vastly increase the scale of HDN, doubling its turnover from £300m to £600m. Briant Gaunt, chief [...]