Credit card use up, despite healthy accounts October 26, 2010 The days when credit cards were used solely for “big ticket” or major purchases are long past. A new report from YouGov SixthSense indicates that credit cards are increasingly being used more like debit cards to pay for everyday items, and not just for goods and services requiring credit. ONE THIRD USE CREDIT EACH WEEK [...]
Sony launch VAT back scheme October 26, 2010 Sony will tomorrow launch the UK’s first consumer electronics VAT-back scheme. The firm will allow customers shopping between now and Christmas to claim back the VAT from products across its range, including cameras, e-Readers and Blu-ray players. The firm hopes the deal will convince customers to make big money purchases in the run-up to Christmas.
BHP’s Potash bid hearing on 8 Nov October 26, 2010 Saskatchewan’s securities regulator will hear BHP Billiton’s challenge to Potash Corp’s shareholder rights plan on 8-9 November, assuming the federal government allows BHP’s $39bn bid to proceed. In documents filed with the Saskatchewan Financial Services Commission, BHP seeks to suspend the rights plan, an anti-takeover defense known as a “poison pill”.
Unicredit reshuffle sees Ermotti quit October 26, 2010 UNICREDIT SpA’s top investment banker Sergio Ermotti will leave the bank after being passed over in a management reshuffle, the first casualty of a revamp that followed the appointment of a new chief executive. UniCredit’s board yesterday named retail chief Roberto Nicastro as sole general manager at Italy’s largest bank – a move which paved [...]
HMV pins its hopes on DVD Xmas sales October 26, 2010 MUSIC, games and books retailer HMV says releases of films such as Sex and the City 2 and Toy Story 3 will help its key Christmas period as it tries to bounce back from a disappointing start to the year. “All I can say about Christmas is that the release schedule in particular is looking [...]
Cineworld in sales boost from 3D films October 26, 2010 CINEWORLD yesterday reported booming sales as filmgoers flocked to see the latest 3D Blockbusters including Toy Story 3. Total sales for the 42 weeks ending 21 October were up 8.5 per cent, compared with the same period the previous year. Box office takings were ahead 8.3 per cent as moviegoers went in their numbers to [...]
Upbeat Puma lifts forecast October 26, 2010 GERMAN sporting goods company Puma hiked its sales outlook and posted solid third-quarter profits, following in the footsteps of rivals Adidas and Nike. The company said yesterday it expects the sales outlook to improve in the fourth quarter as it reported demand in North America and Latin America helped boost third-quarter sales by 6.5 per [...]
Tesco launches barcode app October 26, 2010 TESCO has added a barcode reader to its Groceries iPhone app that can add items to a customer’s online home delivery order. Customers can scan any grocery item and add it to a home delivery order instantly. The barcode reader, which was added to the existing Tesco Groceries app available on the iPhone yesterday, is [...]
Rigby & Peller slides into the red as Brits cut back on luxury items October 26, 2010 CORSET-MAKER to the Queen, Rigby & Peller has become the latest lingerie chain to be hit by cash-strapped Brits reining in their spending. The luxury retailer, whose fans include Gwyneth Paltrow, Lady Gaga and Nick Clegg’s wife Miriam González Durántez, dived into the red by £214,000 in the 12 months to the end of January, [...]
Foster’s places deadline on its wine unit bidders October 26, 2010 AUSTRALIAN brewer Foster’s said it has held no further talks with the private equity suitor that made a $2.5bn offer for its wine business in September but set an April deadline on bids. Chairman David Crawford said yesterday that an approach – reportedly by Cerberus Capital – was “totally inadequate”, but said the company would [...]
