After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
High St retailers propel FTSE 100 to a new high – London Report April 15, 2015 GAINS at High Street retailers pushed the FTSE100 to a new record high yesterday as Next, Dixons Carphone and Sports Direct all had good news to share. Dixons Carphone, the electricals and mobile phone retailer, was up two per cent after German mobile telephone company Drillisch agreed to buy the UK company’s chain of telecoms [...]
Burberry’s poncho “innovation and investment” drives sales as design worn by Alexa Chung and Cara Delevingne woos customers April 15, 2015 The figures Revenue at Burberry for the second half was up nine per cent on the same period the previous year to £1.4bn. Retail sales were strong, up 13 per cent to £1bn on an underlying basis with America and Europe hitting double-digit growth compensating for a continued slowdown in Asia. Licensing revenue was up [...]
Billionaire backers Wilbur Ross and Stanhope Investments cut Virgin Money stake April 14, 2015 Billionaire investors Wilbur Ross and Stanhope Investments last night cut their stake in high street bank Virgin Money by selling $354m (£240m) of shares in the Richard Branson-backed venture. The bank, which floated last November by raising £500m, valuing the business at £1.25bn, is co-owned by US investor Ross and Abu Dhabi-based fund Stanhope alongside [...]
Poundland eyes extension over 99p Stores deal probe April 14, 2015 Poundland is expected to ask for an extension tomorrow over its decision on whether to walk away from its £55m tie-up with 99p Stores or proceed with a full-scale probe by the competition watchdog. The Competition and Markets Authority (CMA) said last week that it had concerns over 92 areas where it believes there could [...]
British icon Tesco rebounds but will it ever attain its past glory? – Brand Index April 14, 2015 Are there now real signs of recovery for Tesco? Its battle – not just against its traditional big four rivals but the German discounters too – has a long way to run, but the YouGov BrandIndex points towards areas in which it is succeeding. Tesco’s nadir was reached prior to Christmas, its brand image damaged [...]
Pound falls as UK inflation stays flat at zero in March April 14, 2015 The pound weakened 0.5 per cent against the dollar to $1.4614 after figures published by the Office for National Statistics (ONS) showed consumer price inflation stayed flat at zero per cent in March. Although it means the UK has missed slipping into deflation for now, a sustained period of stagnant growth is nevertheless a concern. [...]
Poundland’s quids in: Sales surpass £1bn at discount retailer for the first time April 14, 2015 Sales at Poundland have smashed past the £1bn mark for the first time. The figures Sales at Poundland for the full year to the end of March were £1.1bn, up almost 12 per cent on the previous year's sales of £997m on a constant currency basis. It expects pre-tax profits to be in line with [...]
Amazon and HarperCollins agree publishing deal settling ebook pricing row April 14, 2015 Amazon and publisher HarperCollins have settled a long-running battle over the pricing of digital editions of its books. The NewsCorp-owned publisher and online retailing giant have agreed that HarperCollins can set its own prices for ebooks sold through Amazon although there will be incentives for it to set lower prices for consumers, the Wall Street [...]
Early Easter helps lift retail sales out of the doldrums in March April 13, 2015 A PICK-UP in the grocery market together with the earlier timing of Easter this year helped boost retail sales in March. Data out today from the British Retail Consortium and KPMG show retail sales increased by 3.2 per cent on a like-for-like basis in March compared with the same month last year when they fell [...]
Halfords chief finance officer to join easyJet April 13, 2015 THE FINANCE chief of Halfords is getting off his bike at the retailer and hopping on a plane instead, after agreeing to take up the same role at easyJet, the companies said yesterday. Andrew Findlay will join the budget airline at the end of October, replacing Chris Kennedy who announced that he was leaving for [...]