Talk Talk share price rises after jump in financial forecasts May 14, 2015 TalkTalk has told investors they can expect a bumper year in 2017, after it raised its financial outlook expectations. Its share price rose around 2.5 per cent in early trading. The figures Talk Talk’s revenue for the full year to 31 March was up 4.2 per cent to £1.8bn, but there was no real move [...]
British Land profits lifted by lucrative London property market May 14, 2015 The figures: British Land said that underlying profit before tax rose 5.4 per cent to £313m for this financial year, up from £297m a year earlier. Diluted underlying earnings per share rose 4.1 per cent to 30.6p, an increase from 29.4p in 2014. The developer's total portfolio valuation rose by 12.1 per cent to £13.63bn. This was [...]
YouGov: Why you should still trust our research – Brand Index May 12, 2015 After 15 years of getting every election right and setting new standards of accuracy in both polling and market research, YouGov got an election wrong. Sure, every other pollster got it wrong, too. But YouGov has become the face of the industry, and now there’s egg on it. This matters to readers of this [...]
Final six Tesco Homeplus stores to close May 12, 2015 TESCO will end its non-grocery Homeplus stores across the UK with the closure of its remaining locations. The last six of the retailer’s Homeplus stores will close, with the loss of 450 jobs, halting its venture in non-food retailing in the UK as it seeks to turnaround huge losses. Stores in Bracknell, Bromborough in Cheshire, [...]
Tesco closes remaining Homeplus stores with loss of 450 jobs in Bracknell, Cheshire, Bristol, Nottingham, Manchester and Preston May 12, 2015 Tesco is bringing to an end its non-grocery Homeplus stores across the UK with the closure of its remaining locations. The last six of the retailer's Homeplus stores will close with the loss of 450 jobs, bringing to an end its venture in non-food retailing in the UK as it seeks to turnaround huge losses. Stores [...]
Accountants’ bonus pool rises by five per cent May 11, 2015 Alright, so Tesco may have dumped PwC – but it's still a good day to be an accountant, after new research showed those working in the sector will get a share of almost £1.2bn this year, five per cent higher than the £1.1bn shared this time last year. The research, by finance recruiter Marks Sattin, [...]
Tesco splits with auditor PwC after 32 years choosing Deloitte for turnaround May 11, 2015 Tesco has split with PwC, ending a 32-year relationship with the accounting firm following the worst year in the supermarket's near-century history. A Tesco spokesperson said: “We have issued an invitation to tender for the appointment of an auditor. Taking into account the term for which PWC has served as auditor, we have agreed with [...]
Tesco’s Dunnhumby could fetch over £2bn as new suitors Nielsen and WPP mull bid May 11, 2015 US data giant Nielsen is reportedly eyeing a bid for Tesco’s Dunnhumby amid a flurry of interest that could push the price tag for the company above the mooted £2bn mark. Tesco boss Dave Lewis hired Goldman Sachs earlier this year to explore a sale or partial sale of the business – which analyses the [...]
Tesco considers selling mobile phone business May 8, 2015 Tesco could soon shed its mobile phone business as part of chief executive Dave Lewis' scaling back process following a torrid 2014. The retailer makes around £100m a year from the business it co-owns with 02, whose network the service uses. It has around 250 Tesco Mobile shops across the country. Yet according to the [...]
Morrisons boss says customers key to survival May 7, 2015 MORRISONS new chief executive David Potts said yesterday that it would take more weeks of listening to customers and staff to understand how to bring the “British underdog” back to life, as it reported a further drop in sales. In his first trading update since taking over the reins in March, Potts said he had [...]