Holidays help bring sales joy to Debenhams June 28, 2012 DEBENHAMS posted better-than-expected sales yesterday after events such as the Diamond Jubilee and the Easter bank holiday helped lure shoppers through its doors despite the wet spring weather. Britain’s second-largest department store group after John Lewis said that sales at stores open more than a year rose 3.1 per cent, excluding VAT, in the 16 [...]
HAS DEBENHAMS WEATHERED THE RETAIL STORM? June 28, 2012 BETHANY HOCKING INVESTEC We turned buyers of Debenhams last week, given the transformation that the company has undergone, increasing cash returns to shareholders and significant growth avenues…This potential is not reflected in the share price. JOHN STEVENSON PEEL HUNT Debenhams has announced a strong third quarter interim statement. Forecasts remain unchanged for now as sales [...]
Polo stars turn out in force for deprived kids June 28, 2012 POLO stars have raised more than £100,000 for the Laureus Sport for Good Foundation Argentina following a weekend event at the Guards Polo Club in Windsor. The players were enthusiastic as was the support from the celebrity-filled stands, with the likes of rugby’s Sean Fitzpatrick and Boris Becker in attendance. And the victory seemed to [...]
LONDON 2012 IMAGE OF THE WEEK June 28, 2012 ON WEDNESDAY, giant Olympic rings were lowered into place beneath Tower Bridge’s walkways, signalling one month to go until the Games begin. Measuring 25 metres wide and 11.5 metres tall, the rings will remain in place throughout London 2012. They will also form the centrepiece of a lightshow, using the bridge’s newly-installed lighting system, which [...]
Spanish buses boost National Express sales June 28, 2012 NATIONAL Express reassured shareholders that its Spanish bus business is still growing yesterday, but added that its UK coach division has been dented by the cut in subsidies for OAP passengers. Just a week after the firm took investors on a trip to Madrid to demonstrate its resilience in the Eurozone nation, National Express said [...]
Five years old: iPhone hits the grand old age June 28, 2012 CELEBRATING its fifth birthday today, the world’s most iconic smartphone continues to dominate its rivals according to data from Ipsos MORI. Revealed to the world by Steve Jobs in January 2007, the first iPhone was scanned through the till on 29 June of the same year. British fans of Apple will be able to celebrate [...]
Vodafone snaps up new Europe boss from rival group T-Mobile June 28, 2012 PHILIPP Humm, who quit the top job at T-Mobile USA on Wednesday, said yesterday he would become chief executive of northern and central Europe for Vodafone from 1 October. Humm joins Vodafone from his role as president and chief executive of Deutsche Telekom’s T-Mobile USA to oversee the British firm’s presence in such markets as [...]
American Greetings hurt by Clinton June 28, 2012 US card firm American Greetings yesterday reported a 78 per cent drop in first-quarter earnings, hurt by costs related to bailing Clinton Cards out of administration. Clinton Cards collapsed last month after it could not repay a £35m loan to its biggest supplier American Greetings. The Ohio-based company then bought the troubled chain for $37m, [...]
Morgan Sindall says it is on track June 28, 2012 Morgan Sindall said yesterday it remained on track to meet its full-year expectations but warned that tough market conditions had continued to squeeze its margins as companies compete for a shrinking pile of construction work. In a trading update for the first half of the year, the construction group said its financial position “remains sound” [...]
Olympus insists brand will remain June 28, 2012 An Olympus executive said yesterday at the firm’s annual meeting that despite ongoing talks for a capital tie-up with several firms, it would maintain an independent brand. “We understand we need to consider an increase in capital as one of our key management issues. The main premise is to fully preserve our Olympus brand,” Yasuo [...]
