Carrefour issues profit warning August 31, 2011 Europe’s largest retailer, Carrefour, warned full-year profits would slump 15 percent as it cuts prices in a bid to reverse market share losses in its home market and elsewhere in Europe. Carrefour also unveiled a well-flagged 22 per cent fall in first-half operating profit on Wednesday and cautioned that the economic climate was “increasingly challenging.” [...]
Tesco to quit Japan after 8-year struggle August 31, 2011 Tesco has put its loss-making Japanese business up for sale, abandoning an eight-year attempt to break into a tough retail market and underscoring its new boss’s commitment to investor returns. The supermarket group said it would trigger a sale process in the coming months for its 129 small-format Japanese stores in the greater Tokyo area. [...]
App for spotty teenagers wins start-up award August 31, 2011 BACK in July I wrote about the launch of StartUp Summer, a scheme to encourage innovation and entrepreneurship among students, organised by YouGov with University College London and Imperial College and supported by Downing Street. It has been a fantastic six weeks, with the students making great progress in developing their ideas while learning from [...]
Hargreaves in shock switch as deadline chaos looms August 30, 2011 • Mertesacker jets in for Arsenal medical • Spurs to conclude signing of Parker MEGA wealthy Manchester City caused the biggest stir on the penultimate day of the transfer window without even spending a penny after they agreed a deal to bring free agent Owen Hargreaves to the Etihad Stadium. The England international midfielder joined [...]
What’s gone wrong for Arsenal and Wenger? An insider gives his view August 30, 2011 ARSENAL’S sharp decline is down to Arsene Wenger wielding too much control over matters both on the field and off it – and the manager must be challenged if the freefall is to be arrested. That is the view of football guru and Wenger confidant Alex Fynn, who believes the long-serving boss has been allowed [...]
Britain’s golden girl Ennis settles for silver August 30, 2011 BRITAIN’S wait for a first World Championship gold medal in Daegu will stretch into a fourth day after London 2012 poster girl Jessica Ennis surrendered her heptathlon crown to Russia’s Tatyana Chernova. The Sheffield-born athlete held a 151-point advantage over Chernova heading into the second day of competition, but a disappointing performance in the javelin [...]
Warnock eyes new recruits to bolster Rangers squad August 30, 2011 QUEENS PARK RANGERS manager Neil Warnock is set for a hectic deadline day as he looks to add to the signing of Arsenal left-back Armand Traore. The Frenchman arrived for 1.2m yesterday and could be followed by England Under-21 international Henri Lansbury. Warnock is also chasing Sunderland’s versatile defender Anton Ferdinand and will rival Spurs for [...]
Top flight transfer spend hits £360m – and counting August 30, 2011 PREMIER LEAGUE clubs have already eclipsed their winter transfer window spending by around £150m, but they will have to pull out all the stops today to match the record deadline day outlay of 31 January. That day saw Chelsea lavish more than £70m on striker Fernando Torres and defender David Luiz while Liverpool paid a [...]
Youngster James stuns the world with 400m victory August 30, 2011 GRENADA’S 18-year-old Kirani James became the third youngest world champion of all-time after he stunned defending champion LaShawn Merritt to win the men’s 400m. The American, who has only just returned from a 21-month doping ban, looked set to defend his title having opened up a sizeable gap heading into the home straight. But James, [...]
Broad backs England’s youngsters August 30, 2011 ENGLAND Twenty20 captain Stuart Broad believes the exciting young talent at his disposal will help reinstate his side as a genuine force in the shortest format of the game. The reigning World Twenty20 champions lost by nine wickets against Sri Lanka earlier this summer on Broad’s debut as skipper. The selectors have reacted by calling [...]
