Tesco share price rises as declines in its market share slows, while Waitrose reaches record high October 21, 2014 Tesco shares rose 2.2 percent in mid-morning trading after new figures showed while it has lost yet more market share, its rate of decline is slowing. while Waitrose has climbed to a record high, doing just enough to keep it ahead of German challengers Aldi and Lidl. The figures, by Kantar Worldpanel, also showed [...]
Primark strikes deal with Sears to open seven stores in the US October 20, 2014 PRIMARK has struck a deal to open seven stores in the US, including its first in New York, through a leasing deal with retailer Sears. The value retailer revealed yesterday it has agreed to take around 520,000 square feet of unwanted retail space from Sears in shopping malls in the north east of the US. [...]
Coming to America: Primark signs deal for a further seven stores in the US October 20, 2014 Primark is to open a further seven stores in the US, including its first in New York, through a lease deal with Sears Holdings revealed today. The value retailer is taking on around 520,000 gross square feet of retail space in mall-based stores in the north east of the US. Primark will take on [...]
Ukip Calypso: Nigel Farage inspires his own political protest song October 20, 2014 Think political protest songs and you're sure to conjure up an image of Bob Dylan blowin' in the wind or maybe John and Yoko imagining a world without war – but what about Nigel Farage arriving at Number 10? The Ukip leader today tweeted a link to a song called the Ukip Calypso, urging [...]
Tesco’s profits overstatement might be less than it thought October 18, 2014 Did Tesco overestimate its overestimate? The supermarket last month claimed to have discovered a profits black hole of £250m, but now it looks like that figure could be less than originally thought. Sources have told Sky News that the grocer is likely to tell the City it had a shortfall of between £200m and £250m [...]
Waitrose trials chilled click-and-collect lockers October 17, 2014 Waitrose is trialling a new click-and-collect service that will allow customers to have groceries delivered to temperature controlled lockers in Tube stations and Gatwick Airport. The high-end supermarket has launched the lockers in two Tube stations – you'll have to make the trek to Chorleywood or Ickenham if you want to be among the [...]
Virgin Money delays IPO until market conditions improve October 17, 2014 Virgin Money has pushed back its IPO indefinitely, saying it will now go public “as soon as constructive market conditions allow”. The challenger bank had announced it would list on the London Stock Exchange this month, and was expecting to raise gross proceeds of £150m. Virgin planned to issue 25 per cent of its [...]
Tourist trapped in Trafalgar Square Waterstones for two hours October 17, 2014 A tourist ended up being trapped in a London branch of the book chain Waterstones for more than two hours yesterday, after it closed while he was still inside. Staff did not realise that Texan tourist David Willis was stilll browsing books in the Trafalgar Square store on Thursday (October 16) when they shut [...]
What kind of property are you? October 17, 2014 An Englishman's home is his castle. Safe as houses. There's no place like home. You can't argue with the fact that us Brits are obsessed with houses. But is yours a sprawling mansion (gated, naturally, to keep the riff-raff out) or a skinny new-build squeezed into a formerly darkened alleyway? Take our [...]
Banca Monte dei Paschi share price tanks: Authorities ban investors from shorting Italy’s third largest bank October 17, 2014 Investors have been banned from short selling shares in Italy's third largest bank Banca Monte dei Paschi di Siena after the company's share price fell this week to its lowest level since it went public in 1999. The Financial Conduct Authority this morning said it had imposed a temporary ban on shorting the stock [...]
