Workspace grabs slice of London tech market with Clerkenwell buy November 12, 2013 SMALL business landlord Workspace has snapped up an office block near Farringdon for £18.1m as it looks to tap into booming demand for space in the area from technology firms. Chief executive Jamie Hopkins said yesterday that the acquisition of Verulam House on Gray’s Inn Road, whose tenants include Tesco’s Blinkbox, marked its first major [...]
Tech powerhouse who wants to save our ailing high street November 10, 2013 Annabel Palmer meets Dan Wagner, back in the limelight with latest venture Powa Technologies HE may be one of Britain’s most prominent tech entrepreneurs, but Dan Wagner has had more than his share of career ups and downs and scathing headlines. In the 1980s, he was subject to criticism from the financial community for his [...]
Freight demand hurts Wincanton November 7, 2013 WAREHOUSE and freight provider Wincanton yesterday reported a two per cent dip in revenue as demand from the UK retail sector continued to remain sluggish. The company, which caters to clients such as Unilever, Tesco and Marks & Spencer, said sales fell to £542.3m in the six months to the end of September, from £551.2m [...]
Tesco to scan customers’ eyes for tailored advertising November 4, 2013 Tesco is to start scanning its customers, in a bid to tailor advertising towards them. Tesco petrol station users will be scanned at forecourts, using high-tech "OptimEyes" screens. The new system will be rolled out to all 450 of Tesco's petrol stations, with the screens predicted to reach a weekly audience of over five million [...]
Rothschild to advise on Poundland’s flotation November 4, 2013 BUDGET retailer Poundland has lined up Rothschild to advise on its upcoming public offering, which is expected to value the firm at more than £700m. The investment bank, which declined to comment on the issue, is expected to bring in other advisers to work on the flotation in the next few weeks. Poundland – which [...]
Lidl launches first television Christmas ad October 30, 2013 LIDL has launched its very first UK national TV campaign promoting its luxury range as the first-growing discount chain looks to win more middle-class shoppers from its larger rivals in the Christmas rush. The adverts, which go live today, will feature products from Lidl’s deluxe range, including mulled wine, whole cooked lobster and Serrano ham. [...]
The end of the rental shop October 30, 2013 As Blockbuster goes into administration again, Alex Dymoke looks to the future of online TV and film rentals BLINKBOX WHAT IS IT? Founded in 2006, Blinkbox is now owned by Tesco. It allows you to rent or buy films and TV shows online, which expire after 30 days. WHAT’S ON IT? The latest film and [...]
Sainsbury’s to take Tesco ad fight to court October 29, 2013 J SAINSBURY has announced it is to take Tesco to court to seek a judicial review, after the UK’s advertising watchdog twice rejected the retailer’s complaint against Tesco’s price comparison campaign. Tesco’s Price Promise scheme, launched in March, compares the cost of thousands of own-branded products against Asda, Morrisons and Sainsbury’s and offers a money-off [...]
Asda sparks off a supermarket petrol price war October 29, 2013 ASDA fuelled a supermarket price war when it unveiled plans to cut petrol prices yesterday, causing other major British chains to quickly follow suit. The budget chain said that from tomorrow it would cut petrol to its lowest price this year, at 126.7p per litre on unleaded and 133.7p per litre for diesel. Sainsbury’s is [...]
Grand Theft Auto V accelerates games market back into growth October 28, 2013 THE RELEASE of Grand Theft Auto V helped push the video games market back into growth for the first time in five years last month, according to data out today. Kantar Worldpanel figures for the 12 weeks to 29 September show that the games market grew by 29 per cent compared with the same period [...]