CANDY BROTHERS SEEK ENLIGHTENMENT WITH SERENE NEW TENANTS January 19, 2012 THE BEST things come to those who wait – and this week the Candy brothers have finally revealed two new tenants for their One Hyde Park development. About time for the block of super-apartments that has secured just three full-time residents one year after launch. Except – unfortunately for the Knightsbridge complex that has been [...]
Primark helps AB Foods lift its revenues January 19, 2012 DISCOUNT fashion chain Primark hailed strong sales during the festive period, helping its parent company Associated British Foods (ABF) post a rise in first quarter revenue. The FTSE 100 company, which also owns brands including Silver Spoon sugar and Twinings tea, said a 16 per cent growth in sales at Primark helped boost group revenues [...]
ASOS BOUNCES BACK AS IT POSTS STRONG DECEMBER TAKINGS January 19, 2012 ASOS, the online fashion retailer, kicked the retail gloom to report a 46 per cent rise in sales in the third quarter boosted by rapid growth overseas and a solid performance in its domestic market. UK sales growth bounced back to 10 per cent in the second quarter from one per cent in the previous [...]
Online sales last year hit £50bn mark January 19, 2012 ONLINE retail sales in the UK surged by 14 per cent last year to more than £50bn, as consumer appetite for shopping online continues impact the high street, new research shows. The report, commissioned by price comparison site Kelkoo, reveals that online shoppers spent an average of just under £1,500 each on 39 items last [...]
Mulberry ups forecasts as festive rise in turnover boosts share price January 19, 2012 LUXURY fashion brand Mulberry raised its annual profit forecast yesterday, after it enjoyed a 41 per cent rise in festive sales during the six weeks to 14 January. Like for like sales were up 35 per cent over the same period and wholesale orders for its spring/summer line were up 35 per cent on last [...]
CITY VIEWS: HOW MUCH OF YOUR CHRISTMAS SHOPPING DID YOU DO ONLINE? January 19, 2012 GAURANG MELATA | AVIVA “I always buy online. It’s flexible, you cut out the middleman and you don’t have to try on things in store and then queue to pay for them.” NOEL PATTERSON | PATTERSON & JAMES CONSULTING “I shopped mainly on Amazon this year. There are no drawbacks to shopping online. You have [...]
Motor sector is no longer such a joke January 19, 2012 IN the Christmas Top Gear special, Jeremy Clarkson and co travel across India in a trio of clapped out British motors: an unreliable Jaguar, an ageing Rolls-Royce and an original Mini. The running joke is that Britain has little to offer the Indians – or anyone for that matter – in the way of cars [...]
Kesa bears burgeoning Comet losses January 19, 2012 WORSE-than-expected sales at Comet this Christmas will cost its owner Kesa £15m in writedowns as the electronics group nears completion of a deal to sell the troubled UK chain. Europe’s second largest electricals retailer will complete the sale of Comet next month to private equity buyers OpCapita for a nominal £2 together with a cash [...]
Ruspetro shares start lower January 19, 2012 SHARES in Ruspetro, the first company to brave a main market listing in London this year, opened at a small discount to their issue price in conditional dealings yesterday. The oil and gas exploration group with assets in western Siberia priced its shares at the bottom of the range at 134p earlier in the week, [...]
Somersby the pick over the Rainbow January 19, 2012 SOMERSBY was beaten only a short head by Master Minded in last year’s Victor Chandler Chase at Ascot and looks the value alternative to Finian’s Rainbow in tomorrow’s 25th running of the race (3.45pm). Henrietta Knight’s eight-year-old hasn’t found winning that easy and has only one success to his name in 11 runs since December [...]