FORK IN THE ROAD FOR THE PRICE OF OIL May 24, 2010 DAVID MORRISON CFD MARKET STRATEGIST, GFT GLOBAL equities have taken a hammering over the past month. A whole host of issues which had been simmering on the back-burner have begun to boil over. The European sovereign debt crisis, concerns over the effects of tighter financial regulation and the continuing withdrawal of liquidity by the Chinese [...]
SEX AND THE CITY 2 SPECIAL May 24, 2010 SPECIAL EDITION SKYY BOTTLE What would Sex and the City be without vodka cocktails? With this in mind, Costume Designer Patricia Field has designed a limited edition SKYY Vodka Sex and the City 2 bottle, the first themed design change to the iconic cobalt blue SKYY bottle in the brand’s history. Bottles are £15.29 from?Waitrose, [...]
Blank on the long list for M&S chair May 16, 2010 HEADHUNTERS searching for a replacement to Sir Stuart Rose at Marks and Spencer have earmarked former Lloyds chairman Sir Victor Blank as a potential candidate to chair the board. JCA Group founder Jan Hall is currently putting together a long list of candidates ready for the board to whittle down. Other names that have been [...]
Clarke to become chief executive at Asda while Bond steps up to chairman May 11, 2010 CHIEF operating officer of Asda, Andy Clarke, has been appointed to the role of chief executive and president of the US-owned supermarket. His promotion follows last month’s announcement by Andy Bond that he would step up to become part-time chairman at the retailer. Clarke joined Asda in 1992 but left in 2001 for roles at [...]
Sainsbury’s expects to ring up profit rise May 9, 2010 J SAINSBURY is this week expected to say its pre-tax profits grew 15 per cent to £595m, but analysts believe it will avoid giving an update on sales amid tough conditions. Sainsbury’s, the third-largest supermarket chain in the UK by market share, is tipped to hand staff a bonus pool of £70m following a buoyant [...]
Andy Clarke set to land Asda chief executive role May 6, 2010 ASDA is tipped to promote its chief operating officer, Andy Clarke, to the top job next week following chief executive Andy Bond’s decision to step aside. Clarke is understood to have been selected ahead of several internal candidates including Darren Blackhurst, Asda’s punchy trading director. Blackhurst has now resigned after five years at the Wal-Mart [...]
Morrisons’ sales growth slows despite record number of customers in stores May 6, 2010 SUPERMARKET giant Morrisons has seen record numbers of customers in its stores but the new financial year has been hit by a slowdown, it said in a trading statement yesterday. The group has continued to grow market share in the first quarter with sales, excluding fuel, up 5.9 per cent in the 13 weeks to [...]
FTSE falls for fourth day as fears over scale of Greek crisis continue to weigh May 6, 2010 BRITAIN’S leading shares fell for the fourth straight session yesterday, led by banks and miners weighed by uncertainty over euro zone debt concerns, as Britain’s electorate went to the polls. The FTSE 100 index closed down 80.94 points, or 1.5 per cent, at 5,260.99 just above a support level of 5,259 given by analysts. The [...]
Morrisons customers up but warns over slowdown May 6, 2010 SUPERMARKET giant Morrisons has seen record numbers of customers in its stores but the new financial year has been hit by a slowdown, it said in a trading statement. The Group has continued to grow share in the first quarter with sales, excluding fuel, up 5.9 per cent in the 13 weeks to 2 May. [...]
M&S finance boss quits for Punch Taverns May 5, 2010 MARKS & Spencer’s incoming chief executive Mark Bolland received an unwanted welcome gift after his first day at the firm – the resignation of its finance director. Ian Dyson yesterday made the shock announcement that he will leave the firm to become chief executive of Punch Taverns, the UK’s biggest pub chain. Dyson was passed [...]