Carve Tesco into three, says former director August 26, 2014 A former Tesco executive has called for the business to be radically restructured by its incoming boss, creating three separate entities. Bruno Monteyne, an analyst at Bernstein Research and previously Tesco.com's development director, has argued that carving the supermarket up could be the only way to halt its decline. He suggests dividing it [...]
Lidl clothing range: Discount retailer challenges British supermarkets on fashion front August 20, 2014 Not content with challenging big British supermarkets on food prices, discount favourite Lidl is taking the stores on in the fashion stakes. The German retailer is about to launch a fashion range for women that includes jeans, shoes and even leather jackets, with a men's range to follow later this year. From August 25th shoppers [...]
How to make the most of weekends August 18, 2014 Highly successful people seek inspiration, think long term and don’t waste the last 15 hours. It's tempting to imagine that successful businesspeople see the weekend as an extension of the working week – a time for catching up on emails, reading market reports and troubleshooting process documents. Not so, according to time management expert [...]
City Moves for 14 August 2014 | Who’s switching jobs August 13, 2014 Now: Pensions Jamie Warren has been appointed head of legal at the independent multi-employer trust. He joins from Capgemini, where he was senior legal counsel. He has also worked as a senior solicitor at Esure Insurance, having qualified at law firm Nabarro. Liberum The investment bank has appointed Anna Hartropp to its banking team. Hartropp [...]
Karren Brady among 22 new peers as David Cameron fields accusations of cronyism August 8, 2014 West Ham vice-chairman Karren Brady is among 22 new peers announced by the government today. The former Apprentice TV show judge is one of 12 new Tory peers, along with former chief executive of Marks and Spencer Sir Stuart Rose. Three new Labour peers, six from the Liberal Democrats and a Democratic Unionist [...]
SSP share price rises as travel giant delivers jump in sales following IPO August 8, 2014 Food concessions giant SSP posted a 3.5 per cent rise in quarterly sales yesterday in its first set of results since floating last month. The group, which owns Upper Crust and also runs travel outlets for retailers such as Marks & Spencer and Starbucks, said like-for-like sales rose by 3.3 per cent in the three [...]
Rio Tinto chair Du Plessis to join SABMiller August 6, 2014 RIO TINTO’S chairman Jan du Plessis is set to take up the same role at brewing giant SABMiller next year, sparking criticism that he will not have time to fulfil his duties at the helm of both FTSE 100 firms. The mining giant said yesterday that Du Plessis would join the board of SABMiller from [...]
Bank of England’s top insurance official quits to join the Prudential August 6, 2014 TOP INSURANCE regulator Julian Adams yesterday quit his job at the Bank of England to join the private sector. The executive director for insurance supervision is joining Prudential as group regulatory director. He takes up the job in early 2015, after a cooling-off period. Adams’ departure comes just two days after Spencer Dale, the Bank’s head of [...]
Bank of England’s Spencer Dale heads to BP after 25-year stint August 4, 2014 The Bank of England announced yesterday that Spencer Dale, the Bank’s financial stability chief and former chief economist, will step down from the central bank after a quarter of a century to become chief economist at oil giant BP. Dale, who has worked at the Bank in a variety of roles since finishing university in [...]
Next profits to speed ahead of M&S yet again July 29, 2014 CLOTHING chain Next yesterday hiked its full-year profit forecasts for the second time in three months after another strong quarter, placing it further in the lead against rival Marks & Spencer. The retailer, which has 700 stores in the UK and overseas, raised its pre-tax profit guidance for this year by £25m to between £775m [...]