H&M hit by summer slump June 24, 2010 H&M yesterday reported that it could be forced to reduce prices to offload spring stock after unseasonally cool weather hit sales. The Swedish fashion retailer said demand in April and May was unexpectedly weak despite reporting a 24 per cent profit rise in the third quarter. It added that “this could lead to a higher [...]
Specsavers founder gains recognition for her lifetime business achievements June 24, 2010 SPECSAVERS founder Dame Mary Perkins has been given a lifetime achievement award for her impact on the business world. The entrepreneur was recognised at the First Women Awards for her shrewd business sense and work ethic. Dame Mary, who started the business in her spare bedroom with husband Doug in 1984, was also credited for [...]
ANALYST VIEWS: HOW IS DSG DOING VERSUS ITS COMPETITORS? June 24, 2010 PHILIP DORGAN | AMBRIAN We think that DSG will deliver decent sales growth and hence a strong UK & Ireland margin recovery. The risk reward ratio has moved in favour of DSG. HENRY DIXON | CHARLES STANLEY I think Kesa is a better bet than DSG when debt is taken into account. It has made [...]
Capello puts his five penalty takers through their paces June 24, 2010 FABIO CAPELLO has already named his designated five penalty-takers should history repeat itself against the Germans on Sunday. The England coach will turn to Frank Lampard, Steven Gerrard, Wayne Rooney, Ashley Cole and John Terry to decide England’s destiny if the scores are level after 120 minutes. Joe Cole will also be considered if he [...]
The Capital Pub Company buys two new premises in £5m deal June 24, 2010 THE Capital Pub Company (CPC) yesterday agreed to acquire two premises from Tomahawk Pubs for £5.03m. The group has made a 120p per share offer for Tomahawk, slightly below the net asset value per share of the group. CPC will issue 2.8m shares at 103p per share to raise £2.8m and part fund the deal. [...]
Schweinsteiger injury worry for Low but no signs of Rooney ankle trouble June 24, 2010 GERMANY are sweating on the fitness of key trio Bastian Schweinsteiger, Mesut Ozil and Jerome Boateng ahead of Sunday’s clash with England. Midfielders Schweinsteiger and Ozil and defender Boateng all suffered minor knocks in Wednesday’s final Group D match against Ghana, which Germany won 1-0. Assistant coach Hans-Dieter Flick admitted it would be a major [...]
World champions Italy sent crashing June 24, 2010 SLOVAKIA (3) VS ITALY(2) ITALY coach Marcello Lippi admitted his side had been struck by “terror” but accepted full responsibility after the holders were sent crashing out at the first hurdle. Defeat to Slovakia condemned Italy to last place in Group F, below rank outsiders New Zealand, and ensured an ignominious end to Lippi’s second [...]
Buffett ups his stake in Tesco to more than 3pc June 24, 2010 US investor Warren Buffett has raised his stake in British supermarket group Tesco to over three per cent, according to a regulatory statement published yesterday. Buffett’s investment firm, Berkshire Hathaway, has bought around two million shares in the world’s third biggest retailer to take its stake to 242m, or 3.02 per cent of the total. [...]
In-form Hamilton eyes third time lucky June 24, 2010 BRITAIN’S Lewis Hamilton has vowed to finally nail the Valencia circuit as he seeks to extend his advantage at the top of the drivers’ championship. The 2008 champion has finished runner-up on the two previous occasions he has raced the port track, and is determined to go one better on Sunday. And should he need [...]
Global stocks to post good year poll finds June 24, 2010 The world’s major stock markets should trade higher a year from now but fears of a slowing economic recovery might permit only modest gains in some rich-world markets, a Reuters poll showed yesterday. Against expectations of previous quarterly Reuters polls, most stock markets from both the rich world and emerging markets are on course to [...]
