CITY TRADER OFFERS GAMBLERS A FLUTTER ON A LOTTERY OF HIS LIFE June 10, 2009 REMEMBER the man who, last year, decided to mend his broken heart after a divorce by selling his entire life on eBay, house, car, job and all? Well, one enterprising City boy has decided to go one better – he’s started a competition for entrants to “win a new life”, and stands to make millions [...]
J Sainsbury gives King a royal payout June 10, 2009 SUPERMARKET giant J Sainsbury handed out £5m in pay and share bonuses last year to chief executive Justin King after he hit performance targets, it was revealed yesterday. After receiving a basic salary of £872,000 for the 52 weeks ended 21 March 2009, King then received a further £1.17m in bonuses, pension supplements and benefits. [...]
Premium food brands are staging a comeback June 2, 2009 AFTER the extensive coverage that the ascent of the discounter retailers received throughout 2008, it may come as a surprise to hear that the trend has been reversing for the past six months. From the beginning of January 2008 through to mid-November, the value-brand supermarkets of Aldi, Lidl, Netto and Somerfield achieved an average uplift [...]
Hop & glory May 27, 2009 MOST people, when they think of a thirst-quenching beer for summer, probably go no further than lager. Now, there is nothing wrong with a good lager, the problem is simply that there are plenty of sub-standard ones about. The pints of fizz flowing from the beer-taps of many pubs are second-rate and suffer from mass-production. [...]
M&S set for dividend cut as slump bites May 17, 2009 STUART Rose, executive chairman of Marks and Spencer, will today meet with the rest of the board to discuss an expected dividend cut, a decision that could propel the group into a battle with its investors. Analysts expect M&S’ total dividend payout to be slashed to just 17.4p, a reduction of 23 per cent, just 12 months [...]
J Sainsbury in bullish mood May 13, 2009 J SAINSBURY has pledged to dominate the grocery sector over the next decade, after reporting a stellar 11.3 per cent pre-tax profit hike to £543m in the year to 21 March. Chief executive Justin King said the group now has “the greatest growth potential of any grocery retailer in the next ten years”. Sainsbury’s has [...]
DID THE RESULTS BOOST YOUR CONFIDENCE IN J SAINSBURY? May 13, 2009 NICK BUBB PALI INTERNATIONAL“The market may be disappointed that there was no new growth plan or strategy today, but management are excited about what “more of the same” can do to market share and profits in the future. And investors should be excited that the freehold property portfolio is still valued at over £7.5bn.” ANDREW [...]
RUM at the top August 8, 2008 The Caribbean spirit is entering the ranks of the premium tipples, writes Timothy Barber What do you think about when you think about rum? For lots of folk, the answer is one of two things: a glass of Bacardi and coke, or pirates. Okay, so a few people know that it forms the basis for [...]
It’s Ken Again October 21, 2005 He is 74 but Ken Morrison is in no mood to slow down and take it easy. During the span of a career in the City a businessman usually plays the role of hero and villain. Sir Ken Morrison was typecast as the former until he acquired Safeway a year ago. In 2001 when it [...]