Tesco share price dips again as three more executives suspended after Jonathan Lloyd and Ken Hanna depart October 14, 2014 Shares in Tesco fell for a second day in a row as the supermarket revealed a further three executives have been suspended, bringing the total number of people suspended to eight in the wake of its profit overstatement. Shares fell more than two per cent at its lowest this morning on yesterday's close of 180.60 pence [...]
Thorntons sales melt by 12.8pc October 13, 2014 SHARES in Thorntons slumped nearly eight per cent yesterday after subdued consumer spending and lumpy orders from commercial customers hurt the chocolatier’s first quarter sales. Thorntons has been reducing its exposure to the high street and repositioning itself as a fast-moving consumer goods (FMCG) business, its chocolates to supermarkets and other third-party retailers. The company [...]
iPhone 6 and iPhone 6 Plus: Release date in China, India, eastern Europe, South Africa and 36 more countries revealed by Apple October 13, 2014 The iPhone 6 and iPhone 6 Plus will be available in another 36 countries by the end of the month, Apple has announced, the fastest ever roll out of any of its devices. The new smartphones will go on sale in the majority of countries in eastern Europe as well as large – and potentially [...]
Thorntons share price crumbles as sales drop 12pc October 13, 2014 Thorntons’ share price tumbled in early morning trading after the confectionary company recorded a 12.8 per cent drop in first quarter sales. Shares opened 13 per cent lower this morning before recovering to a price of around 91 pence, a 7.98 per cent drop. Last month the chocolate maker announced positive full-year results, [...]
Amazon could be opening physical store in New York in time for Christmas October 9, 2014 Amazon is entering a brave new world. In an unusual move for an online company, the retail powerhouse is reportedly setting up a shop. That’s right – a real, physical store that sits on the street and has its doors open to the public. It’ll never catch on. The Wall Street [...]
Everything is not awesome: Lego to drop Shell contract after Greenpeace oil spill video goes viral October 9, 2014 Greenpeace knows the value of social media. So does Lego. And, if it didn't before, now Shell does too. The toy manufacturer has announced it will not renew its multi-million-pound contract with the oil giant, after a parody video using Lego blocks to depict an Arctic oil spill went viral, notching up nearly six [...]
Dixons Carphone expects to hit £80m cost savings faster October 8, 2014 High Street giant Dixons Carphone said yesterday it expected to reach its cost savings target earlier than previously forecast, following the £4bn merger of Dixons Retail and Carphone Warehouse two months ago. The FTSE 100 retailer said at the time of the merger it would save around £80m in annual costs from 2016–17. Speaking to [...]
Daniel Stewart Securities’ Champagne Odyssey Christmas party invites sent on same day as suspension of shares statement October 7, 2014 It was a busy day for Daniel Stewart Securities yesterday. A hectic morning at the City-based investment bank involved sending out invitations to its lavish Christmas party – dubbed A Champagne Odyssey to be held at Brown’s on Old Jewry. Three hours later the bank, founded in 1989, was rushing out a statement regarding its [...]
UK finance watchdog launches probe into Tesco’s profit debacle October 1, 2014 Tesco was put under further pressure yesterday after the Financial Conduct Authority (FCA) said it had launched a full investigation into the Tesco accounting scandal that had knocked £4bn off its market value. Britain’s biggest supermarket stunned the City after revealing last week that it had overstated first-half profits by £250m. The accounting error, which [...]
French Connection share price falls even as retailer narrows losses September 18, 2014 French Connection shares fell almost 14 per cent yesterday as the retailer struck a cautious note over the crucial Christmas period ahead, even as losses narrowed in the in the first half of the year. The clothes retailer has been trying to reverse its fortune after years of weak sales by cutting back on the [...]