Conservative party conference 2015: Heathrow or Gatwick expansion? Government ministers promise airports decision by Christmas October 5, 2015 Government ministers are doubling down on their commitment to respond by the end of the year to the Airports Commission's recommendation for a third runway at Heathrow. Speaking today at the Conservative party conference in Manchester, transport secretary Patrick McLoughlin said he did not "hide the challenge" of choosing whether to back or reject the commission's [...]
HMV sets sights on international growth as turnaround pays off October 5, 2015 Music retailer HMV is gearing up for expansion overseas following a dramatic turnaround just two years after being rescued out of administration. The company is said to be in talks to take its website into 10 other countries, primarily in Europe. Paul McGowan, HMV’s chairman and the founder of restructuring firm Hilco, which bought the [...]
Migrating south for the winter can be making of young players – Chris Tremlett’s cricket comment October 1, 2015 Every single county cricketer looks forward to October because they tend to be mentally and physically shattered following a long domestic season and a solid six-month block of playing and travelling. For those players who are not involved in international squads, October and usually November tends to be a completely free period to go [...]
One year in, Tesco boss has Dave Lewis no room for excuses – The City View September 29, 2015 A year ago this month, Dave Lewis was anointed Tesco’s chief executive after being parachuted in from Unilever and tasked with turning around Britain’s biggest retailer. The supertanker was sinking fast. Lewis’ predecessor Phil Clarke had overseen a disastrous reign littered with profit warnings, a collapse in the share price and falling market share. Tellingly, [...]
UK retail sales beat forecasts in September, reports Confederation of British Industry September 29, 2015 UK retail sales grew at a faster pace than expected in the year to September, with firms expecting business to pick up pace in the run-up to Christmas, research shows. Of the 119 firms polled by the Confederation of British Industry (CBI) distributive trades survey, 55 per cent expect sales volumes to increase in the [...]
Google: Everything you need to know about new smartphones Nexus 5X and Nexus 6P, tablet Pixel C and Chromecast – including price and UK release date September 29, 2015 Google unveiled two new smartphones and a new tablet in chief executive Sundar Pichai's first new product presentation since stepping into the role earlier this year. The Nexus 6P and Nexus 5X smartphones will utilise Google's new Android Marshmallow operating system, while the Pixel C is a powerful new tablet that will rival Apple's new [...]
Findel share price soars as Sports Direct takes 19pc chunk of Kitbag parent September 29, 2015 Sports Direct has taken an 18.9 per cent stake in Kitbag parent company Findel, almost a year after Mike Ashley first started eyeing up the football strip retailer. The move comes as Findel confirmed it had received an approach for the sports retail business from an unnamed third party and had “agreed terms, subject [...]
Boohoo’s share price rises as revenue and profits jump September 29, 2015 Boohoo’s share price climbed this morning, as the UK online retailer reported a jump in both revenue and profits. The figures The fashion etailer's revenue soared by 35 per cent in the first half of 2015, to land at £90.8m. Pre-tax profit was up to £6.3m, a rise of 39 per cent. The FTSE 250-listed [...]
CBI distributive trades survey: Retail sales beat expectations in September September 29, 2015 British annual retail sales grew at a faster pace than expected in the year to September, with firms expecting business to pick up pace in the run-up to Christmas, industry research shows. Of the 119 firms surveyed by the Confederation of British Industry (CBI) distributive trades survey, 55 per cent expect sales volumes to increase [...]
Rugby World Cup 2015 and faster delivery times helps House of Fraser as half-year sales jump September 26, 2015 Department store chain House of Fraser has hailed a jump in sales over the first half, boosted by further improvements to its online offer including faster delivery times. The company, which was taken over by Chinese consortium Nanjing Xinjiekou last year, said like-for-like sales were up 6.5 per cent, with gross total value (GTV) rising to £574.2m in the six [...]