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J SAINSBURY, hot on the heels of supermarket archrival Tesco, yesterday revealed that its second quarter sales growth had slowed as food inflation eased in the autumn. Sainsbury’s said like-for-like sales growth, excluding fuel, slowed to 4.6 per cent rise for the 16 weeks to 3 October down from seven per cent in the previous [...]
FINANCIAL TIMES CARLYLE SUED OVER COLLAPSED FUNDA prominent Kuwaiti conglomerate is suing the Carlyle Group in a local court, alleging that the US private equity firm misrepresented the safety of its affiliate, Carlyle Capital Corp (CCC), a public debt fund that collapsed in 2008. The firm, National?Industries Group, invested $50m in CCC, which was marketed [...]
BRITAIN’S leading share index ended flat yesterday with strength in energy issues countering a sell-off in miners, weak financial issues and uncertain progress on Wall Street. At the close, the FTSE 100 index was up 3.83 points, or 0.1 per cent, at 5,538.07, having touched a 16-month intraday peak of 5,600.48 early in the session. [...]
THE SUNDAYSThe Sunday TelegraphWOMEN DIRECTORS EARN 50PC LESS THAN MENFemale board directors in the FTSE 350 are being paid half as much as their male counterparts, new research has found. The average female board director took home £178,246 in salary, bonuses, benefits and pension contributions in the 2008-09 financial year, while the average male director [...]
MILLIONS of retail banking customers will be affected by the sale of Lloyds Banking Group and Royal Bank of Scotland assets, but it could be four years before the process is complete. Spokespeople for both RBS and Lloyds both stressed yesterday that it was “business as usual” until further notice, and that any disruption will [...]
It’s off to the supermarket this week, with Tesco and J Sainsbury both due to give investors a taste of how the year is shaping up. Tesco reports its interims tomorrow, which will include Tesco Personal Finance (TPF) as a consolidated entity for the first time. UBS expects the chain to indicate that it is [...]
BrandIndex asks general questions about brands, but sometimes it’s useful to look at more specific qualities. YouGov recently conducted research on the associations between brands and family values. The recent Family Brands report, conducted for advertising agency Isobel, suggests that association with family values is a useful differential by which we can measure different types [...]
LAST week saw the launch of NatWest’s personal banking iPhone app, in line with the banking sector’s efforts to cut costs and improve user experience by moving their operations online. Recent YouGov research undertaken on behalf of Deloitte points to the risks in an online strategy: customers place high value on face-to-face interactions in their [...]
JD WETHERSPOONInvestec Securities has reiterated its buy recommendation for JD Wetherspoon, noting that potential obstacles should be overcome by the company’s strong cash generation and market share gains. The planned VAT increase is not expected to damage JD Wetherspoon, with price increases and accentuated value relative to peers predicted to compensate.ROYAL BANK OF SCOTLANDEvolution Securities [...]
FINANCIAL TIMES LOVELLS IN MERGER TALKS TO CREATE LEGAL FIRMLovells, the City law firm, was in talks on last night over a merger with Washington-based Hogan & Hartson aimed at creating a rare successful big transatlantic legal tie-up, said people familiar with the matter. The proposed deal would create a law firm with a strong [...]
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