Over-50s still feel squeezed by downturn November 27, 2011 PEOPLE aged 50 and over are continuing to suffer from a decline in their quality of life as a result of rising inflation, unemployment and a fall in savings, research by Saga reveals today. The Saga quarterly report, conducted by the Centre for Economics and Business Research and Populus, questioned more than 10,000 people over [...]
Online sales to hit £350k each second November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY UK CONSUMERS are expected to kickstart the busiest online shopping day of the year today, with Christmas shoppers predicted to spend more than £350,000 each second on their Visa cards, the company said. The day has been coined Cyber Monday in the US and Visa Europe expects 4.8m purchases [...]
The online company bringing American tradition to British Christmas retailing November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY THE MONDAY after Thanksgiving is established as a peak day for US online retail, and innovative UK businesses are starting to import the tradition. Elinor Osila and Isobel Beauchamp, founders of DegreeArt.com, noticed their sales peak on Cyber Monday last year, and now they’re prepared to capitalise. The company, [...]
John Lewis takings down from this time last year November 27, 2011 E-TILLS ARE RINGING FOR CYBER MONDAY JOHN LEWIS said retail sales fell 1.2 per cent last week compared with the same week last year, as consumers continue to face severe pressure from high inflation and muted wage growth. The department store group posted sales for the week ending 26 November of £98.7m, jumping 15.9 per [...]
BEST OF THE BROKERS November 27, 2011 CABLE AND WIRELESS Investec rates the telecommunications firm “buy”, with a target of 53p, down from 59p. The broker says that despite a lack of interest from buyers after its poor first half results there is growing interest from other UK telecommunications companies. The company’s woes stem from poor management, the broker says, and the [...]
THE TIPSTER November 27, 2011 MARKETS rarely go up or down in a straight line and why should the FTSE be an exception? Ten straight days of negative closes has left the FTSE 100 looking pretty oversold. Although sovereign debt concerns still hang over the market like a dark shadow, equities could experience a sharp pull back in coming days. [...]
Why it’s time to ditch the term Cyber Monday November 27, 2011 Today is Cyber Monday, which means at some point this evening we will all finally be subsumed into the greater consciousness of the net. Don’t panic, life will be better there. There won’t be any nasty “personalities” or “individuals” or “things,” just an infinite loop of the John Lewis advert playing over the surface of [...]
Welcome to Xmas hamper heaven November 27, 2011 CHRISTMAS TEA HAMPER £150 ● Jubilee Biscuit Selection, 500g Tin ● Afternoon Blend Tea, 125g Tin ● Apricot Preserve, no.98 ● Burleigh Mug ● Christmas Coffee, 250g Tin ● Christmas Curd, 327g ● Christmas Spiced Preserve, 340g ● Jubilee Clotted Cream & Pistachio Biscuits, 250g Tall Tin ● 900g Mulled Wine Spice Bag ST NICHOLAS [...]
Why Lloyds is championing our appeal November 24, 2011 IF you’re looking for just one reason to back City A.M.’s Christmas charity appeal, try this from a banking executive who has been intimately involved with Opportunity International for the past seven years. “This is not a charity that gives away money. It enables people to realise their entrepreneurship and when you see how much [...]
£98,000 raised THIS WEEK November 24, 2011 CITY A.M. readers have demonstrated their outstanding generosity this week by pledging huge support for our Christmas appeal. Through your donations we have raised an impressive £98,000 in the past five days alone, with donations pouring in by phone, by text, and through our website. Every contribution, no matter how small, is very welcome and [...]