London Report: Slide in energy shares helps to drive FTSE down September 25, 2013 BRITAIN’S top shares fell yesterday, led down by Carnival after a profit warning triggered downgrades, while Centrica and SSE fell after the opposition Labour Party talked of an energy price freeze. Carnival slid 6.7 per cent to 2,098.26 pence, the FTSE 100’s top faller for the second session in a row, after Tuesday’s warning of [...]
Trouble ahead for Tesco as JP Morgan downgrades supermarket September 25, 2013 Tesco have been downgraded to underweight by J.P. Morgan. The supermarket is expected to underpeform due to structural changes in the UK food industry which may have a particularly damaging effect on Tesco. According to JP Morgan's Jaime Vazquez: In our view, pricing architecture is an industry problem, but is of most concern to Tesco [...]
Waitrose and discounters thriving September 24, 2013 DISCOUNT supermarket Aldi saw year-on-year sales growth of a record 32.7 per cent in the 12 weeks to 15 September, according to new industry data, as upmarket rival Waitrose also upped market share. Waitrose achieved growth of 9.7 per cent year-on-year, Kantar Worldpanel said, well above market growth of 4.2 per cent. But Tesco, which [...]
Labour’s plot to hike corporation tax is short-sighted nonsense September 23, 2013 WHAT, exactly, does the Labour party think it is doing? It wants to hike – yes, hike – corporation tax if it is elected in 2015, the latest of a long list of utterly destructive policies unveiled in recent days. The idea is that this will “pay” for a freeze in business rates on small [...]
Tesco enters the tablet market with £119 Hudl September 23, 2013 GROCERY giant Tesco unveiled its first foray into the consumer electronics market yesterday with the £119 Hudl tablet. Tesco said launching a tablet is an important step, “meeting the 21st century needs of customers”. The tablet’s price point missed analyst’s expectations, coming in above the £99 that was predicted last week. While the launch will [...]
Tesco’s Hudl could end up relegated to the playroom September 23, 2013 Priced at just £119 (and available for less if you participate in a loyalty scheme) Tesco's Hudl is certainly one of the cheaper tablets on the market. Despite offering an impressive spec for that price tag, analysts fear that it could end up as a device for children. Tesco's plans for Hudl revolve around it [...]
Microsoft says new tablet is faster than 95 per cent of laptops today September 23, 2013 Today's second tablet release (after Tesco's Hudl), tech giant Microsoft is now unveiling its Surface 2 and Surface Pro 2 devices. Microsoft vice president surface Panos Panay says they've "been working on the second-generation of products for about 18 months". Panay says that the Pro 2 is "literally faster than 95 percent of laptops today" [...]
Hands on with Tesco’s £119 Hudl tablet September 23, 2013 (City A.M./Oliver Smith) Here's Tesco's new Hudl tablet, avaible from Monday in the four colours you see above. (black, blue, red and purple). Analysts had been predicting a £99 price tag, so it's a little steeper than we'd thought at £119. For those participating in Tesco's loyalty scheme – Clubcard Boost – some customers will [...]
LoveFilm falls into the red due to investment September 22, 2013 ONLINE film and DVD service LoveFilm posted a loss of £21.2m in 2012, falling into the red due to an increase in costs. The company, which was acquired by US online retail giant Amazon in 2010, made a profit of £14m in 2011. But last year its earnings were hit by the cost of interest [...]
Beat the competition to golden accelerator and incubator places September 22, 2013 But picking the right fit for your company is vitally important THE THRIVING London startup scene is set for another boost. Microsoft recently announced plans to launch a new gaming-focused accelerator programme, while Tesco is due to fund the Rainmaking Loft – a tech incubator in St Katherine Docks. Incubator programmes provide startups with business [...]