EX-SEYMOUR PIERCE BOSS TO LAUNCH NEW ADVISORY VENTURE November 1, 2010 A FEW short months ago, this column brought you murmurs that corporate financier Richard Feigen – who resigned as managing director of broker Seymour Pierce at the beginning of the year after an internal investigation, admitting that errors had occurred in a transaction he was overseeing – was mulling a return to the City. Fast [...]
Barracuda looks to Costa to fuel sales November 1, 2010 BARRACUDA is to launch Costa coffee at its pub estate – and will now open at 9am for breakfast. Costa coffee is expected to be available in 100 of its 217 pubs by Christmas with the rest launching in 2011. Barracuda, which also has the Smith & Jones brand, is pursuing a more food-focused policy [...]
INTERIORS October 28, 2010 HEAD DESIGNER, APD INTERIORS Q.Dear Andrew, we have family visiting for Christmas and need to buy a sofa. Do we still have time and what should we consider? A.If you want to take delivery for Christmas you need to start looking now because your choice will already be limited by long lead-times for some furniture. [...]
High street sales rise for the fourth month in a row October 28, 2010 RETAIL sales continued to rise in October despite the wide ranging cuts announced by the government last week, according to figures from the Confederation of British Industry. But the rate of growth slowed compared with September – which was at a six-year high – but long term outlook remains unclear. The CBI’s monthly distributive trades [...]
Nintendo hit as high yen takes its toll on business October 28, 2010 NINTENDO yesterday reported a half-year loss after being hit by falling sales and the high value of the yen, which lowers its overseas earnings. The Japanese computer games firm posted a net loss of 2bn yen (£15.6m) for the six months to 30 September. This compares with a net profit of 69.5bn yen for the [...]
CITY VIEWS: WHAT WILL ONE NEW CHANGE MEAN FOR THE CITY? October 28, 2010 MARK WEBSTER | BT “It means I won’t have to spend my weekends shopping, as I can do it all in my lunch break. It’s interesting to see such a large project in these economic times, but from the crowds today it seems like it will be used.” JANDRE ELS | REDSTONE “It’s quite a [...]
FASHION NEWS IN BRIEF October 28, 2010 WOMEN’S FAVOURITE SPANX NOW FOR MEN Spanx, the undergarments with a cult following among women keen to have their wobbly bits held in place, has just released a range of the hold-in pants for men. The male undergarments have been designed to help men “firm and flatten”’ and quash “beer bellies”. Selfridges has reported waiting [...]
Retail sales growth slows October 28, 2010 Retail sales growth eased in October from September’s six-year high, but stayed well above average and at its second-highest level this year, a survey by the Confederation of British Industry showed. The CBI’s monthly distributive trades survey’s reported sales balance dipped to +36 in October from +49 in September, broadly in line with economists’ forecasts [...]
Retail sales growth slows says CBI October 28, 2010 Retail sales growth eased in October from September’s six-year high, but stayed well above average and at its second-highest level this year, a survey by the Confederation of British Industry showed. The CBI’s monthly distributive trades survey’s reported sales balance dipped to +36 in October from +49 in September, broadly in line with economists’ forecasts [...]
ANALYST VIEWS: HOW SERIOUS IS CARPETRIGHT’S FALL? October 27, 2010 KEITH BOWMAN | HARGREAVES LANSDOWN Despite clear exposure to an eventual recovery, fears for a ‘double dip’ in the housing market continue to dominate, with the current market consensus opinion denoting an out and out ‘sell’. MATTHEW MCEACHRAN | SINGER CAPITAL MARKETS Typically October is a key month for the group as consumers look to [...]