Black Friday 2015 UK: Where and when to get the best discounts is already being hinted at by Tesco, Currys PC World, John Lewis and Amazon October 13, 2015 Brace yourselves: Black Friday is coming. Last year's retail bonanza-cum-bun-fight is back. This year it will be taking place on 27 November, meaning there are less than eight weeks to go. In 2014, it was the biggest single day for online sales of the year, and retailers are falling over themselves to make sure they [...]
Argos to launch same day delivery from UK stores as Amazon extends click and collect in London October 8, 2015 Home Retail Group is going head-to-head with Amazon and other retail rivals after announcing that Argos will offer same day delivery and collection from all of its UK stores. From today, customers will be able to order online by 6pm and get an item delivered by 10pm the same day, including Sundays, Argos said. [...]
Best of the Brokers for 29 September 2015 September 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HOME RETAIL GROUP Cantor Fitzgerald believes Home Retail Group has reached rock bottom after a year of underperformance in the stock. It has therefore upgraded its recommendation from “hold” to “buy” and kept its target price steady at 195p. The broker said that [...]
AO World share price falls despite being on track for revenue jump September 21, 2015 Shares in AO World have fallen 3.9 per cent despite the online electricals giant saying it is on track to report a 20 to 21 per cent jump in second quarter sales. Speaking at a Capital Markets Day being held at its Bolton headquarters today, chief financial officer Mark Higgins said AO.com sales are expected [...]
One third of Brits have already started Christmas shopping September 17, 2015 If you haven’t already done your Christmas shopping, then you might want to get stuck in because a third of UK shoppers are already one step ahead of you this season. A survey conducted by New York-listed technology company Rubicon Project found that 30 per cent of us have already started Christmas shopping. Among parents [...]
Best of the Brokers for 16 September 2015 September 16, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com HOME RETAIL GROUP Haitong Investment Bank has reduced its “fair value” target by 18 per cent to 115p to reflect greater uncertainty over longer term success of Home Retail Group’s modernisation plans for Argos. The broker said that promotional spend in the run-up [...]
Morrisons share price fall drags FTSE 100 index down after closure statement – London Report September 11, 2015 London’s leading shares fell yesterday, with supermarket Morrisons among the biggest fallers. At the end of the day, the benchmark FTSE 100 index was down by 1.18 per cent, or 73.2 points, at 6,155.81. Morrisons shares fell 2.8 per cent after the supermarket said it was closing M Local stores amid falling sales and profits. [...]
Decline of physical entertainment market slows – but DVD, CD and video game sales still slide August 10, 2015 Things seemed to be looking up for physical entertainment market. Although fewer people are buying video games, CDs and DVDs, the rate of decline has slowed in the last quarter, while several major retailers even recorded an increase in sales. Figures released this morning by Kantar Worldpanel show that the physical entertainment market shrank by three [...]
TSB boss Paul Pester beaten in AJ Bell London Triathlon race August 9, 2015 TSB chief Paul Pester took to the Thames in Canary Wharf over the weekend for the AJ Bell London Triathlon, but was beaten in the race by regional managers from his own bank. Throughout the year, Pester has pestered TSB colleague from across the country to join him in completing the corporate leg of [...]
City Moves for 04 August 2015 | Who’s switching jobs August 3, 2015 Legal & General Investment Management Andrzej Pioch has been promoted to co-fund manager in the investment management company’s multi-index team. He joined Legal & General Investment Management in July 2014 as fund manager from Aviva Investors. Argo Group International Holdings The underwriter of specialty insurance and reinsurance products has appointed Steve McGill as global head [...]