City Moves | Who’s switching jobs October 14, 2012 Royal Bank of Scotland John Shelley has joined RBS as chief risk officer, Asia Pacific, for all RBS businesses in the region. Shelley began his banking career with NatWest and RBS in the UK, and he has previously worked for Coutts Private Banking in Asia and has since held a number of senior roles with [...]
FTSE breaks its losing streak as US jobless data provides some cheer October 11, 2012 BRITAIN’S top shares snapped a three session losing streak yesterday, led higher by gains in commodity and financial stocks as a fall in US jobless claims fuelled recovery hopes. The weekly claims figure was the lowest for four years and complemented last week’s fall in US unemployment, providing another piece of evidence that the economy [...]
Paralympic win for Sainsbury’s as its sales rise October 9, 2012 J SAINSBURY’S sponsorship of the Paralympic Games and Brand Match campaign has helped the British supermarket steal market share from its three biggest rivals. New figures from industry experts Kantar Worldpanel showed that Sainsbury’s sales rose 5.6 per cent in the 12 weeks to 30 September, boosting its share of the UK grocery market to [...]
FTSE 100 lower on weak corporate news October 8, 2012 The blue chip index was firmly lower in early trade, as worries over the health of the global economy pulled stocks down. Weaker resources prices and concerns ahead of a meeting of EU finance ministers to launch the latest bailout fund weighed on sentiment. Materials firm Cookson Group and recruiter Michael Page led the index [...]
Wincanton to run Morrisons’ M Local centre October 7, 2012 WINCANTON, the logistics company, has won a multi-million pound contract to run Morrisons’ new distribution centre in West London as the grocer prepares to roll-out 20 convenience stores across the capital by year-end. Wincanton said the five-year contract will see it managing both the 100,000 square feet warehouse, opening in Feltham next year, and the [...]
Tesco posts 10.5 per cent profit drop October 3, 2012 Tesco posted a 10.5 per cent drop in first-half trading profit this morning. Over the six months to 25 August, profit came in at to £1.6bn. A £1bn capital investment programme, to stem a decline in market share to chains such as Asda, Sainsbury’s and Morrisons, was largely responsible for the firm’s first fall in [...]
Auto-enrolment begins to shake up UK pensions September 30, 2012 BUSINESS lobbies, unions, and pension funds have backed pensions minister Steve Webb’s auto-enrolment scheme, as it is rolled out this morning. From today, firms with more than 120,000 employees must enrol all staff in a pension scheme, and by 2018 all employees earning enough to pay national insurance will have to be put in a [...]
Benched Bent has nothing to prove to Lambert after scoring Villa’s late derby day leveller September 30, 2012 ASTON VILLA 1 vs WEST BROM 1 ASTON Villa manager Paul Lambert was insistent that Darren Bent need not prove a point to him after yesterday’s late equalising goal concluded a period in which the striker was both stripped of the club captaincy and dropped. After West Brom’s Shane Long had given the away side [...]
Classy Maureen can give Hannon another Cheveley Park September 27, 2012 RICHARD Hannon won the Cheveley Park Stakes back in 2006 with the top class Indian Ink and he may have unearthed another star filly in the shape of MAUREEN. The daughter of Holy Roman Emperor won the Princess Margaret easily at Ascot last month and she was very unlucky behind Sendmylovetorose in the Cherry Hinton. [...]
Tesco displaying recovery signs after its shock profit warning September 25, 2012 TESCO, the world’s third biggest retailer, said a recovery plan to recapture home market share was making an impact after a shock profit warning, backing up industry data showing evidence of success in its fight-back against rivals. Once one of the most consistent British companies in terms of earnings growth, Tesco stunned investors in January [...]