THE LONDON REPORT June 21, 2009 THE JUNE gauntlet of retail company statements is set to continue this week, with two UK electronics giants due to issue full-year 2009 results. DSG, Kesa and Inchcape are lining up to report, following last week’s announcements from Tesco, J Sainsbury, Whitbread and Morrison. Kesa Electricals, which runs electronics store Comet among its Europe-wide retail [...]
‘POLO IN THE PARK’ FOUNDER PUTS HIS CITY BROKERAGE ON THE BLOCK May 28, 2009 EXCITEMENT is hotting up around next week’s Polo in the Park extravaganza at Hurlington Park – the brainchild of Daniel Fox-Davies, founder of the City broking firm of the same name. Fox-Davies – or Foxy, as some cheeky colleagues like to call him – recently set up the World Polo Association with the intention of [...]
EXPENSES IN CITY CAN’T HALF GET EXPENSIVE May 20, 2009 ALL THIS palaver over outrageous Parliamentary expenses has got Square Milers reminiscing about the good old days in the City, when sky-high monthly expense bills were de rigueur. Of course, there are the usual tales of drink, drugs and girls, as well as a few quirkier ones – one gentleman who went to Ascot to [...]
DSGI offloads Hungarian stores May 19, 2009 DSG International, the owner of the Currys and PC World chains, has cut its losses and agreed to sell its nine Electro World stores in Hungary to EW Electro Retail for the nominal sum of €1 (65p). The deal comes as part of a push by DSGI to rid itself of costly or underperforming overseas investments, [...]
CITY CURRY LOVERS EMPTY THEIR POCKETS FOR UK WAR VETERANS May 14, 2009 NOSHING down on a good curry is one of the best ways to relieve City stress (just ask chancellor Alistair Darling, who famously thrashed out the details of his mammoth £500bn bank bailout plan over an Indian takeaway back in October). So it should come as no surprise that Lord Mayor Ian Luder decided to [...]
Could now be the moment to enter the dragon? August 8, 2008 As the Olympics begin, China has never been more intriguing, says Samantha Downes It was once a region where only the least risk-averse would fear to tread, but China has emerged as a magnet for investors’ cash. In the last decade the communist-run country has emerged as the world’s second largest economy. Its willingness to [...]