Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
High achievers look beyond red bricks August 17, 2010 TOMORROW is a date that thousands of families across England and Wales will have indelibly committed to memory. Far from being merely another summer’s day, Thursday 19 August 2010 is A-Level “results day”, a make-or-break day for the career and life plans of thousands of 17 and 18-year-olds. For many, results day will simply confirm [...]
ALEXON SIGNS UP ANIMAL BOSS August 12, 2010 WOMENSWEAR group Alexon has appointed the former chief executive of lifestyle brand Animal, Kevin Keaney (above), to the newly created post of commercial director. Animal has appointed Doug Goodwin as chief executive to replace Keaney. Keaney spent three years at Animal before which he worked for a number of retailers including Marks & Spencer and [...]
A new generation of banks August 5, 2010 BRITAIN saw the launch of its first new high street bank in many years recently, with the opening of Metro Bank’s first and only branch so far on High Holborn. The launch featured no end of gimmicks – including balloons, goodie bags and free dog biscuits – to persuade consumers that the bank offers something [...]
Autonomy disappointed by lacklustre results July 22, 2010 Software firm Autonomy posted forecast-lagging quarterly earnings and lower margins, raising analyst concerns that growth was slowing and sending its shares sharply lower. Shares in the group, which have outperformed the FTSE 100 by 16 per cent since the start of the year, fell as much as 12 per cent yesterday as the market expected [...]
Autonomy sees revenues rise 7pc as market picks up July 22, 2010 BRITISH software firm Autonomy posted a seven per cent rise in earnings in the second quarter, after seeing a “gentle” improvement in the market, giving it confidence about the year ahead. Chief Executive Mike Lynch said that the group’s customers, which include multinationals and governments, were positive but still cautious. “Overall we face the rest [...]
Northern Foods revenues slide July 13, 2010 Food manufacturer Northern Foods said sales fell in the first quarter of its fiscal year, reflecting its decision to pull out of low margin contracts. The company, which makes own-label products for retailers as diverse as premium food seller Marks & Spencer and discounter Aldi, said yesterday comparable sales were down 1.6 per cent in [...]
Amazon set to sell groceries July 7, 2010 Ocado’s £1.1bn float was dealt another blow yesterday when internet giant Amazon launched a competing grocery delivery business. Amazon has long toyed with the idea of branching into food delivery, and already does so in the US and Germany, but the timing of the decision heaps pressure on Ocado. Analysts have already questioned the value [...]
FTSE is boosted by banks as stress test fears begin to ease July 7, 2010 BRITAIN’S leading share index ended higher after a choppy session yesterday, driven by a recovery in banking stocks on reassuring comments from US peer State Street and an easing of stress test fears. At the close, the FTSE 100 index was 49.82 points higher, or up 1.0 per cent, at 5,014.82, its high for the [...]
FTSE is boosted by banks as stress test fears begin to ease July 7, 2010 BRITAIN’S leading share index ended higher after a choppy session yesterday, driven by a recovery in banking stocks on reassuring comments from US peer State Street and an easing of stress test fears. At the close, the FTSE 100 index was 49.82 points higher, or up 1.0 per cent, at 5,014.82, its high for the [...]
Ocado to float June 24, 2010 ECHOES of the dotcom bubble returned to the City yesterday, as an online grocery delivery firm that has not turned a profit in 10 years confirmed it will float with an estimated value of £1bn. Ocado said it will seek to raise £200m when it floats this year and expects existing shareholders to cash in [...]