Former Apple boss quits role at Monsoon after two years February 18, 2015 Monsoon chief executive John Browett has quit after two years in the job to pursue other opportunities. The former boss Dixons Retail has had an eventful few years after leaving the electricals giant in 2012 to join Apple as head of retail. However, his stay at Apple’s US headquarters was short-lived and he [...]
Outgoing Morrisons boss Dalton Philips puts £1.65m York home up for sale February 15, 2015 WM Morrison outgoing chief Dalton Philips has put his £1.65m York townhouse up for sale, giving The Capitalist and all you other curtain-twitching, Kirsty Allsopp-watching property clickers a welcome chance to snoop through his home. And what a house you can get for that money in York! The tasteful five-bedroom listed Georgian pile comes complete [...]
Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie Norman is the latest City boss to be touted as Tesco’s successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the reputation of being the turnaround king, is in “active talks” with [...]
Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie norman is the latest City boss to be touted as Tesco’s new top boss and a successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the tag of being the turnaround king, [...]
German discounters Aldi and Lidl take 10 per cent slice of UK grocery sector February 13, 2015 Discounters Aldi and Lidl now account for more than 10 per cent of the UK's grocery sales, taking £1 in every £9.31 spent at supermarkets in the last three months. The German retailers' combined market share stood at 10.7 per cent for the 12 weeks to January 31, up from 9.3 per cent last [...]
Shutters come down for boss of Morrisons February 12, 2015 Dalton Philips is to step down as chief executive of Morrisons earlier than planned, leaving finance chief Trevor Strain to take on the role from Monday on an interim basis. The Bradford-based supermarket announced last month that it was time “for a fresh pair of eyes” to help revive the ailing business and that Philips [...]
Dalton Philips to leave Morrisons on Monday while search for replacement continues February 12, 2015 Dalton Philips is leaving Morrisons next Monday, leaving Trevor Strain to take on the role on an interim basis. The ailing supermarket revealed Philips was leaving last month, prompting Morrison's share price to rise. Although it said the search for a replacement was “progressing well”, he is stepping down well before anyone is in place [...]
Tesco is winning at Valentine’s Day. Here’s why February 11, 2015 Valentine's Day is just around the corner and what says love more than multinational retailers pushing their pink heart-shaped products you neither want nor need? Absolutely nothing. That's why between now and Saturday we will all be bombarded with adverts for all the chocolates you can eat (before the cocoa runs out) recipes for two, [...]
Tesco returns to growth as Drastic Dave’s overhaul gets underway February 10, 2015 TESCO has returned to growth after one of the most turbulent years in its history, according to the latest market share figures, in a sign that chief executive Dave Lewis’s turn-around efforts are starting to pay off. Sales increased by 0.3 per cent in the 12 weeks to 1 February compared with the same time [...]
Commodities and banks drag FTSE 100 lower – London Report February 10, 2015 BRITAIN’S top equity index drifted lower yesterday, hit by a drop in banks and commodity stocks, although improved sales for battered supermarkets lent support to the market. Fresh signs of economic weakness in China, the world’s biggest consumer of metals, hit mining companies, with the FTSE 350 Mining Index down 2.8 per cent. It closed [...]