ANALYST VIEWS: IS OCADO’S GROWTH STRATEGY WORKING? September 19, 2011 PHILIP DORGAN | PANMURE GORDON As growth rates slow and returns remain low, it is not appropriate to value Ocado as ‘another Amazon’. Increasingly, we believe that it will be valued relative to its multichannel competitors. This appears sensible, but it is not supportive of the current share price. JONATHAN PRITCHARD | ORIEL SECURITIES The [...]
Tesco’s head of clothing jumps ship to Dunnes September 19, 2011 TESCO’S head of clothing in the UK and Ireland, Richard Jones, has left the company to join Irish retailer Dunnes. Jill Easterbrook will repleace Jones, who was with Tesco for two years. Last month the retailer reshuffled its clothing team, appointing former M&S director Bernadette Lusher as buying director for UK clothing.
Trading is hard but improving at PZ Cussons September 19, 2011 CAREX and St Tropez maker PZ Cussons said yesterday that trading over the summer has been in line with forecasts, with strong cash generation since June. But margins continue to be hit by higher raw material costs and more special offers, PZ Cussons said ahead of its annual shareholder meeting, where all resolutions were passed.
Royal Mail to take on 18,000 Xmas workers September 19, 2011 ROYAL Mail is hoping to take on 18,000 extra workers from November to help cope with the traditional Christmas rush, in addition to its 130,000 permanent posties. Last year, the group took on 20,000 staff in its sorting offices at first, plus 3,000 extra workers to cope with disruption linked to the snow storms in [...]
DAIRY CREST AHEAD IN FIRST HALF September 19, 2011 DAIRY Crest Group, one of the biggest producers of British milk, said it expected overall profits for the first half to be slightly ahead of the comparative period last year as selling price increases offset the impact of input cost pressures. Sales of the group’s five top brands, including Cathedral City and Clover, were up. [...]
ENTREPRENEUR’S FILM AMBITIONS BACKED BY DOWNTON ABBEY STAR September 19, 2011 DAN STEVENS may have commanded a handsome fee to play Matthew Crawley in the second series of Downton Abbey, but he is not above lending his skills to smaller acting projects for free. Earlier this month, Stevens joined actresses Romola Garai and Imogen Stubbs to shoot a short film as a favour to its producer [...]
Tormented Torres baffles with his inconsistency but needs run in side September 19, 2011 FERNANDO Torres looked like the devastating player of old as he burst through Manchester United’s defence and waltzed around David de Gea on Sunday. Unfortunately for Chelsea, it was the baffling Torres of now who took aim at the empty net from all of seven yards and diverted the ball into a gleeful crowd. It [...]
Turning pro is the right move for Lewis September 19, 2011 TURNING pro is always an enormous step in a young golfer’s career but in Tom Lewis’ case the timing of his decision to do so makes perfect sense. The 20-year-old (right) impressed everyone with the way he conducted himself at The Open, not least his playing partner Tom Watson, and he’s got all the attributes [...]
Racing in mourning at passing of Mr Aintree September 19, 2011 RACING lost one of its best-loved characters yesterday when Ginger McCain, former trainer of Red Rum and a four-time Grand National winner, died aged 80. McCain, whose success at Aintree made him synonymous with the race, passed away just two days short of his 81st birthday following a battle with cancer. A taxi driver from [...]
Fears for Moody as Waldrom is called up September 19, 2011 Uncapped Leicester No8 drafted in as Johnson attempts to cover all of his bases ENGLAND have called Leicester No8 Tom Waldrom into their World Cup squad as concerns over the fitness of embattled skipper Lewis Moody intensify. Officially, the uncapped Kiwi-born Waldrom, who only discovered last season that he was eligible to represent England through his [...]
