Waitrose flexes its muscle in John Lewis online tie-up deal August 2, 2009 WAITROSE, the upmarket grocer, yesterday announced it plans to sell kitchen and homeware products online in a commercial tie-up with John Lewis, in the hope it can pinch market share from rival retailers. Under the deal Waitrose will sell thousands of its own and John Lewis’s products online from 4 August, placing more pressure on [...]
KICK OFF AT ESPN UK August 2, 2009 ESPN will today become the first non-UK channel to show Premier League football in the UK, as it launches its ESPN UK channel on Sky and Virgin Media. The channel will show 46 live Barclays Premier League matches – which it bought the rights to after Setanta UK went into administration – plus a selection [...]
BILL OF THE WEEK August 2, 2009 PERHAPS it’s just me, but there seem to have been an awful lot of City types eschewing their fine dining venues recently for local Indian and Chinese haunts where they can splash out, safe in the knowledge it won’t cost the earth. At £1,229.85, a curry for four people might sound like a pricey night [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 2, 2009 THE SUNDAYSThe Sunday TelegraphDSG CHAIR ABANDONS CRYSTAL BALLThe outgoing chairman of DSG International, the Currys owner, has described the reduction in the retailer’s market size as “painful” and admitted he failed to see the downturn coming. Sir John Collins said he told John Browett, the electrical retailer’s chief executive, not to worry about the prospect [...]
NO FIGHTING CHANCE August 2, 2009 Around 20,000 jobs are at risk as the UK’s last fighter aircraft factory faces being shut down within five years. The news comes after the government decided to cut its spending on the Eurofighter Typhoon last week. The fighter-building industry is expected to end when the last Typhoon rolls out of Warton, Lancashire, in 2014. [...]
GM DEAL IN SLOW LANE August 2, 2009 NEGOTIATIONS between General Motors (GM) and the two competing bidders for Opel could take longer than expected, the German government said yesterday. The German Economy Minister Karl-Theodor zu Guttenberg said Canadian auto parts maker Magna and RHJ International must improve their bids to win government backing.
BILL OF THE WEEK August 2, 2009 PERHAPS it’s just me, but there seem to have been an awful lot of City types eschewing their fine dining venues recently for local Indian and Chinese haunts where they can splash out, safe in the knowledge it won’t cost the earth. At £1,229.85, a curry for four people might sound like a pricey night [...]
House dip to last two more years August 2, 2009 THE HOUSE price slump will continue apace this year and next, according to a starkly bearish annual forecast from the National Housing Federation (NHF) released today. In a gloomy report the group has warned of a sharp 12.2 per cent fall in total in England during this year, and a further 4.6 per cent fall [...]
DOME DEAL August 2, 2009 WEALTHY Cambridge College, Trinity, is believed to be in talks with the owners of the O2 entertainment complex over a £20m deal.Quintain and Lend Lease own a 999 year lease for the Greenwich based centre, formerly known as the Millennium Dome, but have appointed investment agents to work on a sale.
Virgin Galactic to launch satellites August 2, 2009 Virgin Galactic, the space tourism venture being developed by Sir Richard Branson, is to offer a satellite launcher on its WhiteKnightTwo spacecraft as an extra revenue stream. The company, that plans to offer low-earth orbit excursions for the ultra-rich, is working with UK-based firm Surrey Small Satellites to offer the ability to put a 200kg [...]