Confederation of British Industry director general Carolyn Fairbairn hits out at Conservative MP Andrew Tyrie after he called the CBI’s EU figures “scandalous” March 3, 2016 Confederation of British Industry (CBI) director general Carolyn Fairbairn has hit back after MPs said it was "scandalous" and "intellectually dishonest" for the pro-EU "Stronger In" campaign to be referencing CBI research. In a letter to Treasury Select Committee chairman Andrew Tyrie today, Fairbairn said CBI research had been "misrepresented" during a committee hearing yesterday. Former [...]
Fever-Tree’s share price sparkles as it toasts strong sales for its first full year as a listed company March 14, 2016 Premium mixers brand Fever-Tree, has reported revenue up 71 per cent to £59.3m for the year to 31 December, while pre-tax profits soared to a whopping £16.7m, from just £2.5m the year before. After listing in October 2014, shares have climbed by around 250 per cent, giving Fever-Tree a market capitalisation of around £680m. The company is also offering a substantial hike [...]
Marks & Spencer’s chairman Robert Swannell joins remuneration committee as SABMiller chairman Jan du Plessis steps down March 4, 2015 Marks & Spencer chairman Robert Swannell is joining the high street giant's remuneration committee after a shake up of the non-executive board. The move has been prompted by the departure of SABMiller chairman Jan du Plessis, who is stepping down from the Marks & Spencer board today (March 4). Du Plessis, who has [...]
Don’t fear low inflation: It’s great news for consumers while it lasts August 18, 2015 The latest retail figures in the UK showed good growth. Things are also looking up in the US and in much of the euro area. The world economy has settled into a period of steady growth with very little inflation in the major economies. Indeed, just yesterday, official figures revealed that consumer price index inflation [...]
The world’s best business universities and MBAs: Three UK schools named in top 10 May 20, 2015 Three of the top 10 business schools in the world are based in the UK, according to a new university ranking guide. The QS world universities rankings for 2015 has named London Business School as the world's top university for business and management studies, based on a combination of its academic reputation, reputation among employers [...]
BHS brand is losing its homeliness to high street rivals – Brand Index March 24, 2015 BHS is one of Britain’s most recognisable retailers, but has experienced troubles in recent years, prompting Sir Philip Green to sell the company for £1 to Retail Acquisitions. The new owner is already looking into the possible closures of a third of the chain’s 171 stores. YouGov BrandIndex underlines the difficulty BHS has had competing [...]
Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
Marks and Spencer unveils new collection May 14, 2014 HIGH street giant Marks and Spencer has revealed its 2014 autumn/winter collection of womenswear, in a bid to bolster a small upturn in fashion sales. In figures released last month, the retailer saw a 0.6 per cent rise for the first three months of the year, against 10 quarters of decline.
EU referendum: warring words among campaign groups over trade benefits of Britain’s EU membership January 3, 2016 A new fight has emerged in the European Union debate, with sparring campaign groups exchanging harsh words over whether a so-called Brexit would hurt British exporters. Britain Stronger in Europe, a pro-EU campaign, published new research today showing that the EU is the UK’s largest trading partner, taking in 50 per cent of all British [...]
Debenhams’ share price leaps 15 per cent as it shrugs off winter blues to deliver solid Christmas results January 12, 2016 Debenhams' share price leapt 15 per cent this morning, as the struggling department store shrugged off the winter blues plaguing other retailers to beat expectations for the 19 weeks to 9 January. The figures The department store has grown like-for-likes 3.5 per cent on a constant currency basis, or 1.9 per cent as reported, while gross [...]