Asda sets out its £600m expansion plans as price cuts weigh on sales February 19, 2015 ASDA yesterday revealed plans to spend £600m on creating new stores and improving existing ones after the Wal-Mart-owned chain posted an accelerated decline in quarterly sales. Britain’s second largest food retailer has been one of the most stable over the past two years and was the first to take action against the discounters in 2013 [...]
Asda sales drop as boss Andy Clarke admits “pace and scale of change exceeded expectations” February 19, 2015 The boss of Asda has warned that the retail sector is in “one of its most challenging and changeable periods in history” as the supermarket today posted a drop in sales in 2014. The figures Like-for-likes at Wal-mart owned Asda dropped one per cent in the 12 months to December 31, while fourth quarter figures [...]
Best of the Brokers for 11 November 2015 November 11, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com COMPAGNIE FINANCIERE RICHEMONT RBC Capital Markets has reiterated its “outperform” rating and €90 target price despite the broker reducing its 2016-17 earnings per share forecasts by around five per cent, reflecting a more difficult outlook in the second half of the year [...]
Black Friday 2015 UK: Police in Scotland and Manchester warn over deal scams and bargain hunter violence November 27, 2015 Police have warned bargain hunters to be vigilant on Black Friday, claiming they could become victims of online scams – or in-store violence – on what is set to be the biggest shopping day of the year. Police in Greater Manchester have told shoppers that they must check they are not being ripped off before [...]
Black Friday UK 2015: EBay has just unveiled its first deals for bargain-hunters including offers on Macbook Pro, Xbox One Console, LG 50 inch Smart LED TV, Lenovo Notebook November 23, 2015 As all good retailers know, Black Friday is not about incremental sales, it's about being the first to snare the finite amount of cash consumers are willing to spend in the run-up to Christmas. Amazon has kickstarted the process with the first of its 7,000 deals going live this morning. Carphone Warehouse, Very and a host of [...]
Black Friday 2015 UK: Amazon reveals deals on Toshiba Notebooks, Xbox Ones, Nintendo consoles as it claims to have saved consumers millions already November 24, 2015 Amazon UK has revealed more Black Friday UK deals, as it claims the event is shaping up to be the biggest yet. Bargain hunters can get their hands on a Toshiba Satellite C55-C-11G 15.6-inch Notebook for £264.99 instead of £329, an Xbox One 1TB Console with Forza Motorsport 6 for £279 instead of £331.99 and a [...]
Amazon Black Friday 2015 UK starts early with 7,000 deals from today, including Kindle, Xbox, Withings, Asus and Guitar Hero November 23, 2015 Amazon has kicked of the Black Friday shopping bonanza with 7,000 deals available from today – five days earlier than the official sale day falls. Shoppers will be able to get their hands on new offers every 10 minutes for the entire week, including big ticket items such as Amazon's Kindle, the Xbox One, Withings [...]
UK shoppers to splash out £20.3bn on groceries this Christmas December 2, 2015 British shoppers are on course to spend £20.3bn on groceries over the festive period, an increase of 1.4 per cent on the £20bn spent in 2014, according to research from IGD. The grocery industry body said shoppers are feeling more upbeat about Christmas this year, with almost a fifth (19 per cent) of people surveyed [...]
Business groups slam proposals for new £1000 annual tax on non-EU workers, saying levy will send message that UK is no longer open to international talent January 19, 2016 In a move that business groups say "sends a signal to the rest of the world that UK is not an attractive place to invest and do business", an expert committee has today recommended that the government tighten rules and impose a major new tax for employing non-EU migrant workers. The Migration Advisory Committee (MAC), a group of [...]
Black Friday UK 2015: Tesco reveals deals on Digihome TVs, Acer laptops, Samsung tablets, Beats headphones and hundreds more ahead of launch on 27 November November 25, 2015 Tesco has just revealed some of the huge deals that will be on offer on Black Friday, with online bargains going on sale from midnight on 27 November while stores will open at 5am on the day. Top deals include the Digihome 49” large screen LED TV with Freeview, available for £199, saving £150, Beats Solo 2 On-Ear [...]