One third of Brits have already started Christmas shopping September 17, 2015 If you haven’t already done your Christmas shopping, then you might want to get stuck in because a third of UK shoppers are already one step ahead of you this season. A survey conducted by New York-listed technology company Rubicon Project found that 30 per cent of us have already started Christmas shopping. Among parents [...]
Ocado leaves investors in suspense but insists overseas deal imminent September 16, 2015 INVESTORS hoping that Ocado would announce its long-awaited contract with an international partner were left disappointed yesterday – despite the company insisting that a deal was imminent. “We’re still targeting to sign one this year,” chief financial officer Duncan Tatton-Brown said, adding the company was in muliple discussions with potential partners. Ocado’s shares, which have [...]
Inflation likely to have dipped during August – London Report September 13, 2015 UNEMPLOYMENT figures out this week are expected to show a stable labour market, while elsewhere economists are forecasting a dip in inflation and retail sales. Data out tomorrow is expected to show that consumer price inflation dipped back to zero per cent in August, after rising to 0.1 per cent in July zero per cent [...]
Morrisons share price forecast: Supermarket warns of long recovery as profit slumps September 11, 2015 Morrisons chief executive David Potts warned yesterday that it will take “years not months” to turn the ailing chain around as first-half profit plunged by a third to its lowest level in nine years. Unveiling his plan for the business, the former Tesco director who took over in March said his main focus was on [...]
Coding overtakes French as UK’s most popular second language in primary schools August 27, 2015 Coding has become the most popular second language to learn at UK primary schools, shoving French into second place, according to a new study released today. Read more: We are jeopardising UK tech by failing to tackle UK skills shortages Ocado Technology carried out a survey of 3,000 people falling into three different age [...]
Houlihan Lokey buys boutique firm McQueen July 22, 2015 BOUTIQUE investment bank Houlihan Lokey has taken over London-based corporate advisory McQueen in a deal giving it a bigger presence in North America and London. The deal, terms of which were not disclosed, will see McQueen’s 45 staff in London, New York, Chicago, Dallas, and San Francisco merge into Houlihan Lokey’s consumer team. McQueen is [...]
BBC charter review panel: Meet the eight people deciding the broadcaster’s future July 12, 2015 The government has selected a panel of independent advisors to lead a review of the BBC's royal charter, which will shape the future of the public broadcaster. An eight-person team of media professionals and experts, with backgrounds in broadcasting, production, technology and media regulation, have been chosen by the culture secretary John Whittingdale to conduct [...]
Ocado confident of closing first deal with international retailer June 30, 2015 OCADO said yesterday it was confident of signing its first deal with an international retailer this year, after delivering better-than-expected first half sales. The online grocer’s shares rose more than 15 per cent in June on hopes that it would announce a deal alongside its results. They fell in early morning trading as a deal [...]
Ocado targets international deals after beating profit expectation June 30, 2015 The figures Ocado delivered better-than-expected pre-tax profit of £7.2m in the first half of the year, amid reports the grocery delivery giant is closing in on a deal with an international retailer. Read more: Ocado's making robots that will help in the workplace Despite intense price competition in the UK's supermarket sector, Ocado enjoyed a 15.7 [...]
Best of the Brokers for 30 June 2015 June 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com IG GROUP The stock keeps its “hold” rating and target price of 758p from Numis, which believes good strategic progress is being made with the stockbroking offering in the Netherlands and work towards a regulatory licence in Dubai. WENTWORTH RESOURCES Panmure Gordon dropped [...]