Lugano rescues point on Mel’s debut January 20, 2014 DEFENDER Diego Lugano scored his first West Brom goal as new boss Pepe Mel oversaw a 1-1 draw with Everton last night. The Baggies fell behind on 41 minutes after Kevin Mirallas slotted in from Romelu Lukaku’s knock down. But on 75 minutes Lugano headed in James Morrison’s cross. Mel said: “I’m very happy to [...]
What the other papers say this morning – 20 January 2014 January 20, 2014 FINANCIAL TIMES David Cameron faces EU isolation David Cameron risks “damaging Europe” with his anti-immigration stance, according to some of Britain’s allies, leaving the prime minister looking isolated in his attempts to restrict free movement in the EU. Ministers and officials from several EU powers told the Financial Times they would resist Mr Cameron’s attempts [...]
Another activist hedgie hovers over Morrisons January 19, 2014 BILLIONAIRE hedge fund boss Tom Sandell has revealed a small stake in beleaguered supermarket Morrisons, the latest activist investor to pursue an investment in the struggling chain. Sandell, who runs Sandell Asset Management, owns a tiny proportion of the firm’s shares, thought to be well below the three per cent threshold required for public disclosure. [...]
Ocado eyes locations for third warehouse January 19, 2014 ONLINE grocer Ocado is understood to be searching for a third giant warehouse to increase its capacity for grocery deliveries. Morrisons bought the rights to half of its capacity at its Dordon fulfilment centre as part of the £216m tie-up last year. Ocado has suggested since that as a result it may have to look [...]
UK retail sales increase at strongest rate since February 2010 in December January 17, 2014 Christmas was a pretty mixed bag for some retailers, but figures from the Office for National Statistics suggest that the squeeze on consumers is easing, and they were able to make the most of bargain and discount shopping. December retail sales jumped 5.3 per cent from a year earlier, up 2.6 per cent in the [...]
Ocado delivers Christmas cheer January 16, 2014 OCADO said its online grocery service for Morrisons launched “on time and on budget” last week as it reported bumper Christmas sales. Sales rose 21.3 per cent to £111.1m for the six weeks to 5 January as it benefited from extra capacity at its new fulfillment centre in Warwickshire. Ocado boss Tim Steiner said the [...]
Computacenter posts higher revenue January 16, 2014 IT services provider Computacenter reported a rise in full-year group revenue that exceeded analysts’ estimates, boosted by a strong demand for its maintenance services in the UK. Revenue grew six per cent in 2013, said Computacenter, whose clients include Lloyds Banking Group, Serco Group , British Telecom, Deutsche Bank, WM Morrison and EDF. Computacenter reported [...]
These festive victors have found a way of winning online and in store January 16, 2014 Argos, Primark, Halfords, Homebase, Dixons and Ocado: the raft companies who saw sales leap over the Christmas period, and present a stark contrast to the big names (M&S, Tesco and Morrisons) that reported gloomy – and sometimes grim – results last week. It's become something of a cliche to keep emphasising the need for transition [...]
Inside Track: The EU’s rules to cap bankers’ bonuses aren’t working January 15, 2014 CREATE a loophole and bankers will leap through it quicker than you can say “deferred compensation”: that seems to be one of the axioms of the aftermath of the financial crisis. Examine the consequences of the European Commission’s cap on the multiple of salaries that banks can dish out in variable pay, though, and the [...]
Fulham facing tap-up probe over Morrison January 15, 2014 FULHAM could face a fine after the Premier League confirmed last night it was investigating a complaint from West Ham over what they believe equates to the tapping up of Ravel Morrison by their relegation rivals. Cottagers boss Rene Meulensteen, who worked with the midfielder at Manchester United, said on Tuesday that a bid for Morrison [...]