Tufnell bags top job at Zatchels July 30, 2013 GREG Tufnell, the former chief executive of children’s store Mothercare – and brother of cricketer Phil Tufnell – has announced his long-awaited return to the retail sector. Tufnell, who before his stint at Mothercare held senior roles at menswear chain Burton and high street giant Next, has accepted the job of chairman at leather bag [...]
Win Boris’s signed cycle shirt July 30, 2013 THERE are only four days to go until Mayor of London Boris Johnson captains his very own Team Boris in the Ride London 100 race – a 100 mile cycle challenge around London and Surrey. Cycling on the Mayor’s team are City pedallers from the likes of Cazenove Capital, Barclays, Aviva, and Azure Wealth. And [...]
Dan Loeb calls Sony unit a red-headed stepchild July 30, 2013 Sony investor Dan Loeb has criticised the electronics firm for treating its entertainment division “like its red-headed stepchild”. Loeb, who is pushing Sony to sell off its film and music unit, said the business “remains poorly managed, with a famously bloated corporate structure”. In his quarterly letter to investors in the Third Point hedge fund, [...]
Casino mobile gaming firm makes its AIM debut July 30, 2013 Twentyfourseven Gaming Group (24/7), the company behind casino games for smartphones and tablets, is making its debut on London’s junior market today, as it looks to expand its presence in the booming mobile gaming market. The company said it will enter London’s alternative investment market (AIM) with 146.7m shares, giving it a market value of [...]
Vicky Pryce stripped of official honour July 30, 2013 The economist Vicky Pryce was yesterday stripped of an official honour by the Queen after being found to have brought it into disrepute. Pryce, the ex-wife of former Liberal Democrat cabinet minister Chris Huhne, will no longer be able to call herself a member of the Companion of the Order of the Bath. She received [...]
BT splits retail division into consumer and business July 30, 2013 BT yesterday said it would split its retail division into two separate companies amid an increasingly bitter broadband war with rivals. BT Retail, which posted quarterly revenues of £1.8bn last week and represents roughly 40 per cent of the groups income, will split into two entities called BT Consumer and BT Business. John Petter will [...]
Analyst arrested over alleged tips to hedge fund SAC July 30, 2013 A securities analyst accused of leaking secret information in 2009 about a potential partnership between Yahoo and Microsoft to an SAC Capital Advisors hedge fund manager and other traders has been arrested and charged in California, prosecutors said yesterday. Sandeep Aggarwal, who worked as an analyst covering technology stocks before moving to India to start [...]
Domino’s Pizza sales jump after Britons ordered in for royal birth July 30, 2013 DOMINO’S Pizza said it enjoyed a leap in sales on the day of the royal birth, as Britons stayed glued to their television sets to get their first glimpse of baby Cambridge. “Prince George drove sales up 20 per cent on the previous Monday – it had greater impact on our sales than any weather [...]
Next ups profit forecast despite volatile trading July 30, 2013 NEXT warned yesterday that British shoppers are becoming more “spontaneous”, making sales more vulnerable to short-term events such as a change in the weather or a bank holiday. In a graph released alongside its half-year results, the retailer highlighted huge swings in weekly spend, with total sales down by as much as £10m in weeks [...]
July sees retail prices plunging at fastest pace ever recorded July 30, 2013 SHOP prices shrank again in July, declining at the fastest pace since the British Retail Consortium (BRC) began measuring them six-and-a-half years ago. The BRC’s shop price index fell by 0.5 per cent over the year to July, driven by the plummeting costs of non-food items, which dropped by 2.1 per cent. Although food prices [...]
