Christmas shopping 2015 dates: Thought Black Friday and Cyber Monday shoppingeddon was over? Think again. Here comes Giving Tuesday, Small Business Saturday, Manic Monday and more December 1, 2015 If you thought shoppinggeddon – that is, Black Friday and Cyber Monday – were over, think again. December is, understandably, the biggest time of the year for retailers as shoppers hit the high-street (and websites), but what's next after the deals day (or weekend ,or even fortnight for some shops) comes to a close? Here's our round [...]
Wall St dips with health and retail falls – New York Report November 30, 2015 Declines in health and consumer shares yesterday weighed on the market as investors braced for policy news from central banks. The Dow Jones industrial average fell 78.57 points, or 0.44 per cent, to 17,719.92, the S&P 500 lost 9.65 points, or 0.46 per cent, to 2,080.46 and the Nasdaq Composite dropped 18.86 points, or 0.37 [...]
China dominates sentiment in listless market – eToro Tips & Picks November 30, 2015 If there are no unexpected developments in the Middle East or any other major news events, the next few days are likely to be reasonably quiet for the US and European markets. Investors seem to be watching and waiting ahead of Friday’s US non-farm payrolls report and Janet Yellen’s speech. Even if the markets [...]
Jaeger fails to shake off losses as private equity owner Better Capital explores sale November 30, 2015 Troubled fashion retailer Jaeger failed to shake off its losses last year, despite a rise in sales, as its private equity owner Better Capital attempts to revive its fortunes. The company reported a pre-tax loss of £7.9m in the year to 28 February 2015, down from £9.9m the previous year, accounts on Companies House show. [...]
Silverfleet Capital sell Office for £256m to South African retailer Truworths, more than tripling its money November 30, 2015 Office, the shoe shop, has been sold by its private equity owner Silverfleet to Truworths International, a South African fashion retailer for £256m. Silverfleet achieved an impressive 3.4x return on its investment five years ago, in December 2010, when it bought the shoe brand from Sir Tom Hunter, the Scottish entrepreneur and philanthropist, who's behind private equity vehicle West [...]
Cyber Monday 2015 UK: Amazon has some truly pointless, unwanted and awful lightning deals – here’s eight of them November 30, 2015 Is sale season really all it's cracked up to be? Everyone loves bagging a bargain, and what better time to do that than the bonanza time of the year that is Black Friday and Cyber Monday. King of the deals days is Amazon, which far from retreating from the pre-Christmas sales period like other shops (online and [...]
Fortnum & Mason gets a pre-Christmas boost with record sales November 30, 2015 Londoners' enthusiasm for posh food continues apace, after luxury food retailer Fortnum & Mason's posted record sales. In the 12 months to July, total sales amounting to £88m for the period – 19 per cent higher than 2014 and 70 per cent higher than five years ago. In addition, profit before tax was 31 per cent [...]
How German discounter Lidl became the UK’s fastest growing supermarket November 30, 2015 At Lidl on Clapham Road, south London, friends Raquel Zantedeschi and Beatriz Castro are doing their weekend shop together, their baskets filled with fresh produce, meat and Lidl’s own brand cheeses. Being Italian, Zantedeschi, 35, jokes that she knows her produce: “I personally come here to buy fruit and vegetables that come from Italy and [...]
Best of the Brokers for 30 November 2015 November 29, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Liberum have boosted payment systems company PayPoint to a “buy” rating after the company posted interim results in line with expectations. The firm’s been given a target share price of 1,000p, up from 935p currently. PayPoint shares reacted badly on Friday, [...]
Brand secrets for the digital age: Dentsu Aegis UK CEO Tracy De Groose on agency agility and the industry’s diversity problem November 29, 2015 Few in the UK’s advertising industry will have failed to note the aggressive expansion of Dentsu Aegis Network. Since it was formed last year in the largest merger ever seen in the industry, the UK arm has acquired a number of agencies, to disrupt the hegemony of the more established players. Its most recent [...]