Parcel group to develop Amazon deal April 22, 2015 DISTRIBUTION specialist Connect Group is expanding its Pass my Parcel deal with online retailer Amazon after a successful six month pilot scheme. The firm said the offer will be rolled out to 3,000 stores over the next nine months, up from 700. This is an increase on the previous target of 2,000 stores. Connect boss [...]
Best of the Brokers for 23 April 2015 April 22, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com ASSOCIATED BRITISH FOODS Shore Capital reiterated its “hold” rating on the food processing group, which owns Primark. The broker predicts that downward pressure on Primark’s margins will continue, but added: “Primark’s progress has never been, and should never be expected to be a [...]
Tesco turmoil proves toxic for the FTSE 100 – London Report April 22, 2015 TESCO’S massive loss dragged the FTSE 100 down yesterday. It was also hampered by heavy declines in banking stocks. Shares in Tesco closed down 5.2 per cent, at the bottom of the FTSE 100, after the UK’s biggest retailer plunged to an annual loss of £6.4bn and failed to provide details about the planned disposal [...]
US stocks lifted by welcome for Visa in China – New York Report April 22, 2015 US STOCKS ended stronger yesterday as Visa’s potential expansion into China and talk of a turnaround at McDonald’s helped investors look beyond a mixed bag of quarterly earnings. All of the 10 major S&P 500 sectors rose, with the tech index gaining 1.09 per cent, propelled by Visa and MasterCard. Visa ended 4.07 per cent [...]
Why markets shouldn’t necessarily fear a minority government in the UK April 22, 2015 After taking account of polling by Lord Ashcroft in the key 150 marginal constituencies, the opinion polls have been consistently suggesting that no single party will have a clear majority after 7 May (effectively, gaining over 323 seats, given that five Sinn Fein MPs are unlikely to take their seats in the House of Commons). [...]
Private investors could swing the election – but parties are offering nothing April 22, 2015 The manifestos have finally been published and we now know what each party is promising. Unfortunately, not one seems to be listening to the voices of personal investors. According to Platforum’s latest Direct to Consumer research, there is now £132bn invested on direct to consumer investment platforms by some 5.8m active investors. This is a [...]
Back to basics for Tesco: Dave Lewis’s plan has a fighting chance of success April 22, 2015 If Tesco chief executive Dave Lewis takes any pleasure in yesterday’s apocalyptic-sounding headlines, it will be the knowledge that the “kitchen sinking” is complete – surely there can be no more bad news for the retailer to announce. Such a huge loss – £6.4bn in the year to the end of February, and one of [...]
As the Bank’s latest minutes suggest, is it likely that inflation will bounce back soon? April 22, 2015 Andrew Sentance, senior economic adviser at PwC, says Yes Consumer price index inflation has been at zero for two months now. But looking ahead, the pressures are in an upward direction. The oil price has recently risen above $60 per barrel and petrol prices are firming up. The labour market continues to tighten, putting upward [...]
Taking a dip April 22, 2015 Harriet Green talks to Hummus Bros co-founder Christian Mouysset AFTER a hunt as students to find a healthy and filling meal that left some pennies for a pint, founders of Hummus Bros Christian Mouysset and Ronen Givon hit on an idea: an eatery dedicated to creating meals based on the popular yet simple dip. That [...]
Discovering the power of the Crowd April 22, 2015 28th May 2015 10am -4pm THE ROYAL AUTOMOBILE CLUB 89 PALL MALL LONDON SW1Y 5HS ■ Speakers and moderators include Martin Baker and Gordon Rae (editorial director and publisher, Another Crowd) Brian Zhang (policy and operations director, Centre for Alternative Finance, Cambridge Judge Business School), Nicola Horlick (chief executive, Money&Co.), Justin Urquhart Stewart (founder, Seven [...]
