After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Sofa giant DFS eyes expansion as sales jump March 26, 2015 SOFA giant DFS said yesterday it is plotting further expansion overseas after launching in the Netherlands for the first time in the first half. Chief executive Ian Filby said the Netherlands was “one of four markets” it had identified for expansion after conducting a global review. However, he declined to say where the other countries [...]
Why embracing equity finance is key to the success of Britain’s Mittelstand March 26, 2015 The column inches dedicated to the FTSE 100 recently reaching all-time highs are a disappointing reminder of the imbalance between the perception and reality of the UK economy. Indeed, a recent report confirmed what we at ECI have known for some time: the real engine of growth in the UK is the middle market. According [...]
Retail sales rise as shoppers reap “noflation” in February March 26, 2015 Retail sales beat expectations as low prices encouraged people onto high streets across the country in February, figures out today show. Sales on the high street rose 5.7 per cent annually according the Office for National Statistics. It marked the 23rd consecutive month of year-on-year growth, the longest winning-streak since May 2008. Retail sales grew 0.7 [...]
Tough at the top: Will the FTSE giants fall from grace? March 26, 2015 From dividend cuts, to the accounting scandals just waiting to happen, SVM’s Colin McLean talks to Annabelle Williams about the potential pitfalls facing the UK market. The last few years have been tough for the UK’s biggest companies, as FTSE giants from supermarkets and banks, to insurers and oil majors, have come under pressure. [...]
Heinz proceeds to check out US food giant Kraft March 25, 2015 US BILLIONAIRE investor Warren Buffet and 3G Capital have gobbled up Kraft Foods and are to merge it with Heinz, creating the fifth largest food and drink company in the world with a value of around $100bn (£67bn). Under the terms of the deal, announced yesterday, Kraft shareholders will receive 49 per cent of the [...]
Moss Bros back in style as online orders increase March 25, 2015 MOSS Bros posted a jump in full-year profits yesterday as online sales soared and shoppers snapped up the retailer’s new ranges, even as its hire business continued to struggle. The wedding market has struggled over the past two years amid a tough economic climate, summer events such as the World Cup and more couples saving [...]
Dairy Farm buys Macau’s San Miu chain March 25, 2015 ASIAN retail giant Dairy Farm International Holdings yesterday furthered its expansion into China with the purchase San Miu Supermarkets. San Miu, a grocery store chain, operates in Macau, a Chinese special administrative region which has the same status as Hong Kong. Dairy Farm Company, a wholly owned subsidiary, made the acquisition, adding San Miu’s 15 [...]
Morrisons new chief shelves old exec team March 24, 2015 MORRISONS new chief executive David Potts has wasted little time in overhauling the beleaguered supermarket chain as he turfed out five of its senior managers yesterday. Potts, who only took the top job at the Bradford-based retailer last week, said he plans to simplify and speed up the business by building a “leaner senior management [...]
Dark pools set for probe from City watchdog March 24, 2015 Private trading venues called dark pools face a probe from the Financial Conduct Authority (FCA), as the City watchdog wants to investigate potential conflicts of interest. The FCA’s business plan for the year ahead yesterday set out a range of probes across financial services. “We have been considering the risks around dark pools and will [...]
Five Morrisons execs leave as Potts swings axe March 24, 2015 Five members of Morrisons' management team are on the way out, after new boss David Potts swung his axe. Group customer marketing and digital director Nick Collard, group retail director Martyn Fletcher, group property and strategy director Gordon Mowat, group logistics director Neal Austin and convenience managing director Nigel Robertson are all leaving. "I will [...]