City Moves for 18 December 2014 | Who’s switching jobs December 17, 2014 Rightster The Aim-listed video distribution and monetisation network has appointed Niall Dore as group finance director. He was previously finance director at Betfair Group, and has also held group financial controller positions at GE Life and Hyder Consulting. Zeus Capital Hugo Chance has been appointed director, head of family offices, at the independent investment bank. [...]
Tesco quarterly sales show sign of turn around following profit warning December 16, 2014 Tesco has enjoyed its best quarterly sales performance since June, according to the latest industry data, giving investors in the troubled supermarket chain some reason to cheer following last week’s profit warning. Sales fell by 2.7 per cent in the 12 weeks to 7 December, a slowdown on the 3.7 per cent decline recorded in [...]
Grocery deflation continues to tumble as Aldi and Lidl ramp up supermarket price war December 16, 2014 The supermarket sector has nudged back into growth after the surprise decline recorded last month. Figures out today from Kantar Worldpanel show that for the 12 weeks to December 7, the grocery market grew 0.1 per cent. The data company said this was down to “shoppers putting slightly more in their baskets compared with [...]
Which supermarket has the cheapest petrol? Supermarkets announce price cuts as oil falls December 12, 2014 Major UK supermarkets have announced cuts in the cost of petrol and diesel in response to the fall in global oil prices. The biggest discounter is Asda, which will cut 2p per litre off the price of both petrol and diesel on 13 December. Sainsbury's was the first to cut prices on 11 December, announcing a cut of [...]
Retail reunion at Shore Cap’s Christmas lunch December 11, 2014 The who's who of the retail world trotted over to the Montague on the Gardens Hotel yesterday to share a Christmas toast (and another, and another) with Shore Capital’s retail guru Clive Black. Any airs and graces were brushed aside as each guest arrived at their table to find some sort of festive [...]
FTSE tumbles on Tesco share price turmoil as banks take a hit – London Report December 9, 2014 Britain’s main equity index yesterday fell to one-month lows, hit by supermarket retailer Tesco’s fourth profit warning this year. Shares in Tesco at one stage fell as much as 17 per cent to their lowest in around 14 years, wiping some £2.6bn off the firm’s market capitalisation. It later regained some ground to close 6.6 [...]
Which supermarket wine wins top of the shops? Corks pop as M&S nets 73 medals December 2, 2014 Here's one thing the discounters aren't winning at. Aldi may just have launched its own range of fine wines, but this Christmas we'll be raising a toast to Marks & Spencer, which has just netted 73 medals at the International Wine Challenge (IWC). The supermarket won five gold medals, 21 silvers and 47 bronzes for [...]
The best places to find Cyber Monday deals 2014: John Lewis, Tesco, Asos, Marks and Spencer, Game, Samsung, Halfords and Morrisons December 1, 2014 Beleaguered shoppers are still nursing their bruises and retailers are still fixing up their stores following UK's biggest-ever "Black Friday", yet the deals keep on coming. Tomorrow is "Cyber Monday", the internet's biggest shopping day of the year when online retailers offer consumers another chance to grab a bargain as the Christmas shopping season [...]
Priory clinic opens in the Square Mile: How to tackle stress in the City November 30, 2014 The opening of a Priory clinic in the Square Mile should be a call to action for employers. The Priory Group’s move to open a new wellbeing clinic in the City is a strong indication of an increasing problem. Recent ONS statistics show that the number of working days lost to “serious mental health” [...]
Christmas just got tougher for Tesco, Sainsbury and Morrisons: Lidl adds “discount” oysters to its deluxe range November 21, 2014 In a year dominated by the rise of the discount grocer, it's perhaps no surprise that Lidl and Aldi will be pulling out all the stops to bring consumers a bit of low-cost luxury. Lidl, which launched a £5 lobster in 2009, has a track record of doing exactly that but this year it's pulling [...]