SIR TERRY LEAHY BUYS BRITISH AGAIN June 19, 2011 FORMER Tesco boss Sir Terry Leahy has backed a small British technology start up. Sir Terry, who ploughed £2m of his personal wealth into software start up MetaPack last week, has now led a £1.5m cash raising for mobile coupon firm Eagle Eye Solutions. He and two top-ranked City retail analysts, Bill Currie and Iain [...]
Dixons sales drop but says recovery plan on track June 23, 2011 Electricals retailer Dixons said today its recovery plan was on track despite a full year sales drop. Total Underlying Group sales were down two per cent to £8.154bn compared to £8.32bn in the previous year Total Group sales, including those from businesses to be closed and closed businesses, were £8.341bn (2009/10 £8.532bn). Group like for [...]
Chipmaker fails to cash in on iPad boom June 27, 2011 WOLFSON Microelectronics is the government’s idea of a perfect British business. It is a manufacturer; it is high-tech; it is based in Scotland; and it was spun out of the University of Edinburgh. A business in the regions that actually makes stuff, all the while demonstrating the success of Britain’s education system. A great photo [...]
Investors ignore growth abroad to focus on UK woes June 14, 2011 MAYBE Tesco should move its primary listing to Hong Kong. Then investors might pay more attention to Asia, where sales grew by 11.4 per cent at constant exchange rates in the first quarter. The region accounted for around 17 per cent of sales and trading profit last year, a figure that will only grow. Or [...]
Investors ignore growth abroad to focus on UK woes June 14, 2011 MAYBE Tesco should move its primary listing to Hong Kong. Then investors might pay more attention to Asia, where sales grew by 11.4 per cent at constant exchange rates in the first quarter. The region accounted for around 17 per cent of sales and trading profit last year, a figure that will only grow. Or [...]
Brisbane: still surfing, sun, and lots of fun October 2, 2011 NOT so long ago, Brisbane was little more than the country cousin to Sydney and Melbourne, and the gateway to Surfers Paradise and Noosa. However, this city, the third largest in Australia, and the capital of Queensland, is transforming into a fast-paced modern metropolis. Brisvegas, as it is affectionately known, is making a name for [...]
Dixons to get £59m as part of lease deal June 1, 2011 ELECTRICALS retailer Dixons has agreed the sale and leaseback of its Nordic distribution centre in Sweden in a bid to reduce its debts. Dixons, which owns the Currys and PC World brands, has exchanged contracts with a syndicate of investors with a deal due for completion on 23 June. The total cash payable is SEK600m [...]
Dixons to get £59m as part of lease deal June 1, 2011 ELECTRICALS retailer Dixons has agreed the sale and leaseback of its Nordic distribution centre in Sweden in a bid to reduce its debts. Dixons, which owns the Currys and PC World brands, has exchanged contracts with a syndicate of investors with a deal due for completion on 23 June. The total cash payable is SEK600m [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]
Dixons vows cost cuts as sales fall off May 12, 2011 DIXONS Retail, owner of Currys and PC World, yesterday said the group’s annual sales had fallen but predicted that its £50m cuts programme would help to turn the business around. Sales for the year to 30 April fell two per cent as the tough consumer environment took its toll. Like-for-like sales for the group’s UK [...]