Mothercare to focus on larger stores November 18, 2009 MOTHERCARE, the pregnancy and early childhood retailer, will increase the number of its large-format stores as it prepares to close up to 90 smaller high street locations. Chief executive Ben Gordon said the company’s out-of-town parenting centres, which combine the Mothercare and Early Learning Centre brands under one roof, account for 40 per cent of [...]
House prices set for a rise November 18, 2009 SIGNS of a tentative economic recovery have given a boost to consumers’ confidence in the housing market, a survey from property website Rightmove has shown. Rightmove said yesterday that 56 per cent of consumers now expect average house prices to be higher in 12 months time, marking a sharp upturn in confidence since January, when [...]
OUT OF OFFICE November 17, 2009 FAHRENHEIT TWINS AT THE BARBICANThere’s seasonal fun of a very cold kind at the Barbican, taking you into the world of two siblings who live with their scientist parents on a remote Arctic exploration station. This adaptation of Michel Faber’s novel is devised and performed by two person stage company Told By An Idiot (Hayley [...]
Burberry to target shoes and purses as recovery takes hold November 17, 2009 BURBERRY is targeting growth in non-clothing ranges like shoes and purses in the economic recovery, the luxury goods group said yesterday, as it posted a smaller-than-forecast fall in first-half profit. Profit for the six months to the end of September fell 24 per cent to £56.8m from £74.8m a year ago. The 153-year-old group, sketching [...]
FIGHT FOR CITY OPENS UP WITH A GOOD CUPPA November 17, 2009 IF THERE’S one City high-flier who finds it hard to say no to a new opportunity, it must be Stuart Popham, the jovial senior partner of legal giant Clifford Chance. Popham – in addition to his role at the head of the world’s largest law firm, his chairmanship of the CBI’s London council, and his [...]
BA pension trustees meet to decide the chairman’s future November 17, 2009 BRITISH AIRWAYS’ retirement scheme trustees will meet with chairman Roger Maynard today to discuss his future at the helm of the fund. Maynard has come under fire for combining his role as chairman of both BA’s pension funds with board positions at BA and Spain’s Iberia, suggesting a conflict of interests. A spokesman for the [...]
FOOD & BOOZE NEWS November 16, 2009 SERPENTINE BAR & KITCHEN GOES FESTIVEHyde Park’s Serpentine Bar & Kitchen has opened a Christmas restaurant to coincide with the park’s Winter Wonderland. The restaurant, in its own festive marquee, will offer traditional English food and drink – hog roasts, stuffed guinea fowl and the like, with mulled wine, ciders and cask ales – from [...]
Debt repayments ruffle feathers at Peacocks November 16, 2009 PEACOCKS, the budget clothing chain that made history with the first hedge fund-backed private buyout, sank further into the red last year. The firm, which also operates the Bonmarché and Fragrance Shop businesses, made a post-tax loss of £7.3m in the 12 months to March. It made a £5.2m loss in 2008. Peacocks took the [...]
Debenhams kicks off retail price war November 16, 2009 Debenhams yesterday announced it will be slashing £250m off prices in a four-day sale this week, in a move which it predicts will spark a price war similar to the frenzied discounting seen last Christmas. Rival Marks & Spencer’s executive chairman Sir Stuart Rose, said earlier this month he did not expect a repeat of [...]
CITY VIEWS: CHRISTMAS SHOPPING ONLINE OR HIGH ST? November 16, 2009 HOCINE YAICHE MOODYS“I am always a last minute shopper, so I have never actually done my Christmas shopping online. It is also a bit a problem doing it online as you then have to get it delivered, and are at work most of the time. But I do think the trend is probably more towards [...]