RONNY Gottschlich, managing director of Lidl UK, described the discount retailer’s growing number of core shoppers as Maidstone Mums. “The Maidstone Mum is someone who probably previously would have thought, I can’t be seen in a Lidl store.
TAKE note, Tesco. Britain’s biggest supermarket, which is expected to post a drop in like-for-like sales of around 1.5 per cent on Wednesday, has been caught napping by Lidl and its discount peers in recent months.
CHANCELLOR George Osborne has distanced himself from comments made by Boris Johnson on low IQ and economic success.
A LEADING think tank has criticised the government’s plans for HS2, calling it an expensive pet project that “should be canned”.
THE TROIKA of Greece’s international lenders will delay a visit to Greece that was planned for this week, casting doubt over the country’s 2014 budget.
STEEL magnate Lakshmi Mittal, the man behind London’s Olympic Park sculpture, yesterday said his firm ArcelorMittal will stump up just $250m (£153m) of equity in a $1.5bn deal to snap up ThyssenKrup’s US steel unit.
FORTNUM & Mason is opening its first foreign shop in the shadow of Dubai’s Burj Khalifa, the world’s tallest skyscraper.
THE FORMER PR chief of Royal Bank of Scotland (RBS) and the ex-communications director of Heathrow Airport are teaming up to launch a new communications business, it was announced yesterday.
DESPITE renewed activity in the property market, the number of houses for sale in the UK has actually fallen over the past six month, according to a new survey of estate agents and surveyors.
BRITAIN will increase its sales to traditional trading partners in the rich world over the next decade, reversing the trend of recent years, according to forecasts out today from EY’s Item Club.
BOTH manufacturing and services are set to continue growing into next year, according to a series of reports on the state of the British economy released this morning.
MEDIUM-sized firms in London punched above their weight during the past three years, contributing a disproportionate amount to the capital’s economy over a bleak period, according to new research.
APPLE’S iPhone 5S had outsold the company’s 5C model three to one in the UK, despite the higher price of the more powerful handset.
PRIVATE equity-backed train ticket website thetrainline.com saw pre-tax losses narrow last year despite forking out £2.1m in advisory fees for its aborted auction sale last July.
GOOGLE will today announce that the companies who joined its East London Campus startup community have collectively raised £34m in funds this year, as a former executive of Tech City warns the first flotation of a Silicon Roundabout startup could
The new boss of recruiter SThree tells Marion Dakers how his diverse business is navigating through the economic recovery
BARCLAYS broke into the top five FTSE 100 stockbroker rankings last month, overtaking Deutsche Bank, fresh figures released today show.
ONE OF the world’s biggest pharmaceutical companies has poached a GlaxoSmithKline (GSK) veteran to inherit the top job leading the company in future.
MANCHESTER United football club could earn up to £17m a year if it follows Manchester City’s lead to sell the sponsorship naming rights to its stadium, according to valuation experts American Appraisal.
Mobile Streams, the mobile content retailer, will start to offer its mobile apps and games through a number of African mobile networks as part of an extended partnership with IMImobile.
France’s labour minister yesterday called for local authorities to have more say on a proposed reform of restrictions on Sunday opening for shops, just hours before a government-commissioned report on the issue was to due to be released.
German retailers are satisfied with the start of the Christmas sales season, according to a survey conducted by their HDE industry association.
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TESCO’S quarterly results on Wednesday form the centrepiece of a full calendar of corporate results dominated by high street names.
A WEEK packed with data awaits investors eager for fresh clues on when the Federal Reserve will start to trim its stimulus program, as traditionally bullish December kicks off with the S&P 500 poised to mark its best year since 1998.
NEW FATHERS will have the right to share 50 weeks of parental leave from April 2015, deputy prime minister Nick Clegg announced today.
BRITAIN’S resurgent housing market risks becoming a danger to the economy, Bank of England governor Mark Carney warned yesterday as he and the Treasury stopped the cheap funding on offer for mortgages, instead favouring sustained support for small
1 This is the first sign of tightening – or at least withdrawing stimulus – from the Bank of England since the crisis began, showing some parts of the economy heating up.
ONE of the great but ultimately vacuous buzzwords of the Blair years was “joined-up government”; a fuzzy, heart-warming attempt at making sure that every part of the state machinery worked together, trying to achieve the same objectives.
SHARES in FTSE-listed housebuilders slumped in unison yesterday, wiping almost £1bn off their value, after Mark Carney’s pledge to end Funding for Lending support for mortgages.
LEE HOPLEY EEF
“Putting further firepower behind banks through FLS to make more finance available should provide a further spur to lending which is still challenging for many SMEs.”
SCOTTISH Widows boss and Lloyds Bank board member Lord Blackwell is poised to take over the chairmanship of the group, it emerged last night.
BRITISH construction equipment provider Speedy Hire has said its chief executive will step down and that the finance director of its international unit has been suspended after it uncovered accounting irregularities.
SWISS bank UBS has reorganised part of its investment bank to put its currency, interest rates and credit trading businesses into one unit, amid a growing European investigation into potential manipulation of currency markets.
A KEY player in the deal to take ownership of the Co-op Bank away from the Co-op Group has sold its holdings in the lender, it emerged yesterday, after the value of its debt holdings increased.
BLOCKBUSTER headed closer to a tear-jerking conclusion yesterday, after its administrators shut a further 30 stores and said there were no acceptable rescue bids on the table.
THE NUMBER of people leaving the UK to live in other countries has reached the lowest level in over a decade, driving increases in net migration upward again.
SPREAD betting firms fought back yesterday after the Treasury said it would discuss the tax exemption of spread betting following concerns raised in the House of Lords.
UK ECONOMISTS laid out the possibilities for chancellor George Osborne’s Autumn statement yesterday, with less than a week to go until his speech.
EUROPE’S banks have a capital hole of €280bn (£233bn) and will have to issue €180bn in new equity to plug the gap, analysts at PwC estimated yesterday.
A LEADING pensions provider has called on the government to cap management fees on workplace pensions at 0.5 per cent, in a move out of step with the wider industry.
THE GOVERNMENT is not doing enough to ensure student loans are repaid, the National Audit Office has warned.
ACCOUNTANCY group BDO posted a 10 per cent rise in revenues today as last year’s merger with PKF has helped to swell the company’s client list.
PUB AND and brewing company Marston’s said yesterday it will sell 202 pubs to property group New River Retail for £90m as part of efforts to reduce debt and help pay for its new pub-restaurants.
THE DEBATE into the UK’s green plans flared up yesterday as a new report claimed that an energy efficiency scheme is set to waste £610m unless reforms are made.
In the past few days there have been suggestions that relations within the Standard Chartered boardroom aren’t all that they might be.
THOMAS Cook shares leapt 14.7 per cent yesterday after the travel group said the first full year of Harriet Green’s turnaround plan had produced more cost savings than expected.
THOMAS Cook has come a long way in a year, but the travel firm’s new Let’s Go! slogan is still the watchword.