Online sales to hit £350k each second November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY UK CONSUMERS are expected to kickstart the busiest online shopping day of the year today, with Christmas shoppers predicted to spend more than £350,000 each second on their Visa cards, the company said. The day has been coined Cyber Monday in the US and Visa Europe expects 4.8m purchases [...]
It’s comeback time for bond market vigilantes November 27, 2011 GUESS where we’ll be getting our cues from next week (hint: it’s an easy question). The answer, of course, is once again from the bond markets and the politicians. Fantastic. So something new to look forward to, then (or rather not). Glancing at the agenda, the most important political event to be aware of is [...]
The online company bringing American tradition to British Christmas retailing November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY THE MONDAY after Thanksgiving is established as a peak day for US online retail, and innovative UK businesses are starting to import the tradition. Elinor Osila and Isobel Beauchamp, founders of DegreeArt.com, noticed their sales peak on Cyber Monday last year, and now they’re prepared to capitalise. The company, [...]
Travelodge bets on convenience stores to spur £130m budget hotel expansion November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY TRAVELODGE has joined forces with Waitrose, the supermarket chain, to build three mixed use hotel and retail sites in a £27m scheme. The budget hotel chain said yesterday that it is also looking at 25 other sites next to big supermarkets in a £130m expansion that is expected to [...]
John Lewis takings down from this time last year November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY JOHN LEWIS said retail sales fell 1.2 per cent last week compared with the same week last year, as consumers continue to face severe pressure from high inflation and muted wage growth. The department store group posted sales for the week ending 26 November of £98.7m, jumping 15.9 per [...]
CITY MOVES | WHO’S SWITCHING JOBS November 27, 2011 Mayer Brown The global law firm has hired Bernd Bohr as a partner in the corporate and securities practice. Bohr is relocating from the New York office of Allen & Overy to support the expansion of Mayer Brown’s US M&A and capital markets practice in Europe. He specialises in SEC-registered securities offerings, public and private [...]
BEST OF THE BROKERS November 27, 2011 CABLE AND WIRELESS Investec rates the telecommunications firm “buy”, with a target of 53p, down from 59p. The broker says that despite a lack of interest from buyers after its poor first half results there is growing interest from other UK telecommunications companies. The company’s woes stem from poor management, the broker says, and the [...]
Traders keeping a close eye on FTSE after drop to 5,100 November 27, 2011 GLOBAL equities continued to tumble last week with many indices crashing through technical support areas. At the start of the week, the FTSE gapped below its 50-day moving average around 5,350 and went on to trade below 5,100 briefly on Friday. This level is not only psychologically significant, but also important in technical terms. It [...]
WALL STREET WEEK AHEAD November 27, 2011 US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins this week, traders will watch closely sovereign bond yields that have kept markets on edge. Yields rose in almost [...]
Osborne to find cash for UK builders November 27, 2011 TOMORROW, George Osborne will deliver his Autumn Statement, supposedly focusing on economic growth. There will also be fresh data on government finances from the Office of Budget Responsibility. The statement is likely to contain a mixture of bad news for taxpayers as well as government subsidy for pet ideas. It is unlikely to contain anything [...]
