Greencore to fight rival bid January 23, 2011 GREENCORE is expected to sweeten its merger deal with Northern Foods this week in an attempt to best Boparan’s £342m cash takeover offer. Dublin-based Greencore is considering adding a cash sweetener on top of its all-share merger with Northern, according to people familiar with the companies. Northern’s board has dropped its support for the Greencore [...]
A Twentieth Century business model can’t keep up with leaner competitors December 8, 2010 THERE isn’t anything particularly wrong with the way management is running Game Group. Like-for-like sales are still falling, an inevitability when one considers the unbelievable hype that surrounded the Nintendo Wii last year, but the declines are starting to narrow. The firm’s decision to focus on market share also appears to make sense, as does [...]
WH Smith and Currys Digital hit with label of being worst retailers May 27, 2010 TWO of Britain’s best-known high street chains have been named and shamed as the worst shops in the UK in a new consumer poll. Retailer WH Smith and electronics store Currys Digital (formerly known as Dixons) came bottom in the survey by consumer experts Which? More than 14,000 people scored 100 shops on factors including [...]
WH Smith and Currys Digital hit with label of being worst retailers May 27, 2010 TWO of Britain’s best-known high street chains have been named and shamed as the worst shops in the UK in a new consumer poll. Retailer WH Smith and electronics store Currys Digital (formerly known as Dixons) came bottom in the survey by consumer experts Which? More than 14,000 people scored 100 shops on factors including [...]
BIG CURRY FETCHES A FORTUNE FOR ARMY April 29, 2010 OFF to the Guildhall yesterday for the Lord Mayor’s annual “Big Curry”, a Bacchanalian feast in aid of ABF The Soldiers’ Charity. City types in attendance dug deep into their pockets for Britain’s brave soldiers – the event’s committee featured such business luminaries as Lloyd’s of London chairman Lord Levene, Bernard Cazenove, Sir Trevor Chinn [...]
Kesa profit is up but Comet falling behind December 8, 2010 ELECTRICALS group Kesa yesterday reported a 52 per cent rise in profit – helped by sales of televisions for the World Cup in the summer. But losses at its UK arm Comet increased to £5.4m from £1.5m, as the bill for store revamps and tough trading conditions took their toll. The company said it would [...]
Kesa profit is up but Comet falling behind December 8, 2010 ELECTRICALS group Kesa yesterday reported a 52 per cent rise in profit – helped by sales of televisions for the World Cup in the summer. But losses at its UK arm Comet increased to £5.4m from £1.5m, as the bill for store revamps and tough trading conditions took their toll. The company said it would [...]
The nerd’s revenge: only elites need apply January 6, 2011 AN investment banker’s quandary: how do you get your favourite clients to invest a large chunk of cash in a private firm on the basis of little financial information and a huge valuation? If anyone knows, it’s those ex-Ivy Leaguers at Goldman. Surely practised in the art of sending out intriguing invitations to events for secret [...]
Curry king who spiced up UK April 22, 2010 ESCAPING the poverty net inspired Sir Gulam Noon to go into business. He lived with his five siblings in one room when he was growing up in Mumbai, India, but is now the UK’s unofficial curry king, after amassing his fortune by selling the food of his native country in the UK. After first travelling [...]
Cameron lends hand to England World Cup bid November 18, 2010 PRIME MINISTER David Cameron has embarked on a charm offensive after England’s ailing bid to host the 2018 World Cup suffered further blows yesterday. England is thought to have lost at least one vote, perhaps two, after governing body Fifa banned two top officials, Amos Adamu and Reynald Temarii over corruption allegations. To make matters [...]