Tesco’s share price has fallen 52pc in a year, but company receives Gulfstream jet October 4, 2014 Tesco's share price has dropped 52.4 per cent in the last year and it overestimated its half-year profits by £250m. Why, then, is the besieged supermarket taking delivery of a new private jet; a Gulfstream G550 worth a reported £31m? Any blame could lie at the door of Philip Clarke, the chief executive who left the [...]
Payday lender regulations to leave Wonga among the 1pc still standing October 4, 2014 A shocking 99 per cent of Britain's payday loan companies face oblivion next year under new guidelines. The Financial Conduct Authority (FCA) is bringing in a new cap on credit under new, stricter guidelines. The tough new approach has already forced Wonga to write off the debts of 330,000 customers. Wonga saw its profits halve [...]
Store wars: Lidl attacks Morrisons with combative ad campaign October 4, 2014 Lidl have launched a new ad campaign, ridiculing Morrisons's attempts to match their prices. This may sound like dry advertising rivalry, but the gauntlet has been well and truly thrown down. Great advertisement from @LidlUK – very clever response to @Morrisons price pledge. pic.twitter.com/zUwrEKms6c — Steve Myall (@stevemyalleats) October 4, 2014 The advert lists the steps [...]
Jeremy Clarkson’s H982 FKL Falklands car plate fiasco: How likely is it the registration number was an accident? October 4, 2014 Jeremy Clarkson is in the news for the wrong reasons; driven from Argentina by crowds of angry war veterans for an offensive number plate, which read: H982 FKL. 1982, as you will recall, is the year of the (FKL) Falklands conflict. He has previous too: allegedly recited racist nursery rhymes (which he has denied) and [...]
David Cameron vows to “hunt down” Islamic State killers after Alan Henning murder October 4, 2014 David Cameron has vowed to hunt down the IS murderers of British aid volunteer Alan Henning. The Prime Minister said: "The brutal murder of Alan Henning by Isil [IS] shows just how barbaric and repulsive these terrorists are. My thoughts and prayers tonight are with Alan’s wife Barbara, their children and all those [...]
Is John Lewis boss Andy Street right about France? Five charts showing the problems October 3, 2014 John Lewis boss Andy Street didn't mince his words. Nothing works in France and no-one cares, he said. He later apologised, for his remarks but, economically speaking, there are few people who would argue that France is not in trouble. Here are a few of the problems facing France: The president, Francois Hollande, is the least [...]
Buy British Day: Here’s why you should think twice before splashing on ‘Made in Britain’ products October 3, 2014 Today marks the first 'Buy British Day' where shoppers are being urged to splash their cash on products with the 'Made in Britain' label. Anthony Wallis, an organiser of the campaign, told the Grocer: We want to get as much awareness as possible – if it means promising store, or sticky labels, or advertising, or [...]
John Lewis boss Andy Street apologises for saying “France is finished” October 3, 2014 Andy Street, managing director of John Lewis, has one piece of advice for anyone with investments in the country: Get out now. The John Lewis boss described France as "finished", saying it was "sclerotic, hopeless and downbeat", but has since apologised for his comments. According to The Times, Street made the undiplomatic remarks at the [...]
US adds 248,000 jobs as unemployment rate drops to 5.9 per cent October 3, 2014 There was a huge sigh of relief from the US labour market as 248,000 jobs were added in September. The unemployment rate also tumbled by 0.2 percentage points to 5.9 per cent. The 248,000 figure was well up on the 215,000 which many anticipated – and a significant rebound from last month's dismal showing. The [...]
Tesco share price drops yet again as supermarket misery continues October 3, 2014 The misery continues for Tesco as its share price dropped yet again in early morning trading. Tesco shares fell by over two per cent, before recovering slightly to a price of 176.03 pence per share – a 1.8 per cent drop. The supermarket’s stock has taken a pummelling in recent weeks, falling by [...]