Tesco sees UK sales drop 1.5 per cent in third quarter December 4, 2013 Tesco has announced a 1.5 per cent fall in like-for-like sales in the three months to 23 November, which it says is down to a weaker UK grocery market. Underlying sales fell in every country in which it operates. The sobering news is in line with predictions from Citi analysts. It doesn't bode well for [...]
Shop prices fall again to ease Christmas costs December 3, 2013 SHOP prices fell again in November, industry figures showed yesterday, recording the seventh consecutive month of deflation on the high street. Overall prices fell 0.3 per cent compared with the same month of 2012, the British Retail Consortium (BRC) said. Food prices increased by 2.3 per cent on the year, but other products saw an overall dip [...]
Festive retail jobs are on the rise December 3, 2013 RETAIL and construction employment are benefiting particularly from the boost to economic growth in recent quarters, with shops ramping up their hiring ahead of Christmas. Reed’s latest job index climbed by 28 per cent in the year to November, but the retail section has risen at almost twice the pace, with 49 per cent more [...]
What Tim might be Cook-ing up on his Christmas wish list December 3, 2013 With Apple’s recent purchase of Topsy, Tim Cook is clearly enjoying a touch of retail therapy in the lead up to Christmas. The Capitalist thought it would be fun to try to second guess what else might be on Cook’s list. 1 Snapchat – Topsy is one of Apple’s first forays into social media, so [...]
Mourinho eyes decisive spell December 3, 2013 CHELSEA manager Jose Mourinho says the hectic Christmas period will sort the Premier League title contenders from the pretenders. Arsenal sit four points clear but Mourinho, whose side visit Sunderland tonight, will only consider them favourites if they remain atop the table at New Year. “There is a lot to play for in December and [...]
Analyst Views: What are your views on Greene King’s interim financial results? December 3, 2013 GEOF COLLYER DEUTSCHE BANK With bookings up 17 per cent at the same stage last year and with the Christmas and New Year holidays falling in mid-week, we expect the festive period to be a good one for the sector. Greene King’s shares have risen modestly in recent trading. We do not see any reason [...]
London Report: Steepest fall for the FTSE since mid-November December 3, 2013 MINERS and oil companies led Britain’s FTSE 100 lower yesterday as strong economic data prompted investors to bet that equity-friendly monetary stimulus would soon be reduced. The FTSE 100 closed down 62.90 points, or one per cent, at 6,532.43 points, its sharpest one-day fall since mid-November. The blue-chip index has fallen roughly two per cent [...]
Gifts for him December 3, 2013 Your guide to what to buy the men in your life this Christmas check out our “gifts for her” guide next week ◆ Technology ◆ Accessories ◆ Drinks ◆ Toys ◆ Food Tech the halls… Our selection of the very best gadgets on sale this Christmas Garmin windshield projecting sat-nav £129.99 garmin.com Bowers & Wilkins [...]
Eat, drink and be merry December 3, 2013 Perfect boozy gifts for the man who wants to unwind in style Bombay Sapphire £29.99 including personalised engraving available at Selfridges on the 10 and 11 December. bombaysapphire.com Mount Gay Rum Old Cask Selection £112.96 thedrinkshop.com Whisky stones ice cube alternatives £15.98 amazon.co.uk Mason Shaker cocktail kit £170 masonshaker.com Crystal Head Vodka £62.50 harveynichols.com Elephant [...]
Investors dump Tesco as analysts slash price December 2, 2013 TESCO shares continued their downward slump yesterday, dropping a further two per cent after HSBC downgraded its stock to “underweight” and urged the supermarket to cut profit margins to win back customers. Analysts at the bank slashed the retailer’s target price from 400p to 340p and added their voice to the swathe of brokers who [...]