Sainsbury’s boosted by online and convenience sales October 3, 2012 Sainsbury’s beat expectations to post a 4.3 per cent increase in total sales over the quarter this morning, thanks to strong growth in convenience stores and online. The food retailer opened 49 new convenience stores over the first half of the year, while the online business posted growth of over 20 per cent year on [...]
Samsung sues over iPhone 5 in latest clash October 2, 2012 SAMSUNG yesterday said it had launched legal proceedings in the US over the iPhone 5, claiming Apple has used the Korean firm’s own technology. In the latest in a string of lawsuits around the globe between the two technology giants, Samsung claims the latest iPhone model infringes on patents regarding sending music and video files [...]
Terra Firma-backed Garden Centre Group sees profit fall October 2, 2012 THE GARDEN Centre Group, the 129-store chain snapped up by Guy Hands’ private equity firm Terra Firma in April, yesterday posted a small dip in pre-tax profits despite growing year on year revenue by nearly ten per cent. The garden centre, which employs 5,000 people across the country, reported a pre-tax profit of £586,000 for [...]
Spend today’s lunch hour with Ryder Cup winner Sam Torrance October 2, 2012 FOLLOWERS of Team Europe’s winning play during the Ryder Cup are in for a treat today – City A.M. columnist and multiple Ryder Cup-winning golfer Sam Torrance has penned a tome covering his career as sportsman and media commentator, and will be in town signing copies. Torrance will be on hand to personalise Out of [...]
Big government may be dead but iDemocracy will reshape our lives October 2, 2012 IT’S over. The West’s big government way of doing things is coming to an end. For six years, the financial crisis has rumbled on. The longer it does so, the clearer it becomes that we are not watching a global crisis, but a Western one. From Spain and Greece to Britain and America, we are [...]
Teenage Mutant Ninja Turtles can teach us more than economics textbooks October 2, 2012 CHRISTMAS is coming and retailers are beginning to push their offers hard. The first page of a Google search for “Christmas Toys 2012” is full of sites announcing the hot must-haves of the year. In total, there are over 75m results to be perused. Last year it was Mishling Tree Monsters and Doggie Doo that [...]
The Tipster | Bookmaker to pay over the odds October 1, 2012 ATTENTION will be focused on William Hill this week. The UKs largest bookmaker has recently been told that a £350m offer for Sportingbet “significantly undervalues” the online sports betting company. With Sportingbet due to report tomorrow, investors will be closely monitoring whether William Hill is likely to pay over the odds. Spread Co quotes a [...]
Retail failures fell last quarter but fail to improve from 2011 September 30, 2012 THE NUMBER of UK retail failures showed no sign of abating in the first nine months of the year, as retailers continued to struggle against a tough economic backdrop and weak consumer spending. Figures from accountancy firm Deloitte show that although retail administrations fell in the third quarter – from 33 last year to just [...]
West End companies call for a red bus ban to entice shoppers September 26, 2012 A WEST End business group has called for the end of the “wall of red buses” that clog up Oxford Street. The New West End Company (NWEC), which represents retailers and landlords in the area, wants to introduce pedestrian-only times to coincide with the completion of Crossrail in 2018. It claims that previous traffic-free days [...]
Pardew pleads with Demba to keep raising Newcastle’s Ba September 23, 2012 NEWCASTLE 1 vs NORWICH 0 NEWCASTLE manager Alan Pardew urged Demba Ba to continue his fine form after the striker’s third goal in two games secured their first Premier League win since the opening day of the season. “That all got blown out of proportion a little bit – the comments from his agent,” said [...]