After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Argos suffers a post-festive depression March 12, 2015 Argos had little cause for post-festive cheer after sales at the catalogue retailer slumped in the eight weeks to 28 February, it announced yesterday. The retailer experienced weak trading in consumer electronics and said its ongoing programme aimed at improving customer experiences had impacted on footfall. Argos outlined its five-year transformation plan in 2012 with [...]
ASOS looking swish with 19pc increase in quarterly sales March 12, 2015 ASOS, the online clothing retailer, reported a fashionable 19 per cent increase in sales to £290.1m, up from £244m last year, for the three-month period to 28 February. The better-than-expected performance was a welcome relief for the firm after a difficult 2014 forced it to issue a string of profit warnings as shares plummeted and [...]
Lenta profits up despite Russian economy slump March 12, 2015 Ruassian retailer Lenta has defied the massive downturn in the country’s economy to see profits rise by a third in the 12 months to 31 December. The retail chain expects to continue growing at this pace for the duration of 2015 despite the ongoing fallout from the rout in oil and western sanctions. Sanctions have [...]
Antibiotics not finger-licking good for KFC as McDonald’s and Costco vow to end sale of drug-raised chickens March 12, 2015 KFC is likely to come under pressure from consumer and environmental groups to change how its poultry are raised after McDonald’s said it would no longer sell chicken raised with human antibiotics. McDonald’s announced last week it will phase out chicken raised with antibiotics for human health over two years to allay concern that use [...]
Weaker retail sales aid Dow and S&P to rise – New York Report March 12, 2015 US STOCKS rose in a broad rally yesterday, bouncing back from two days of losses, helped by weaker retail sales that paused the dollar’s recent upward movement and tempered the outlook for interest rates. The day’s gains lifted the Dow and S&P 500 back into positive territory for the year so far. The Dow Jones [...]
Focus on Battersea: Home of dogs, cats, families and riverside living March 12, 2015 Battersea’s venerable institutions – from its power station to its Dogs and Cats Home – often overshadow its considerable success as a residential destination. While houses easily soar over the £1m mark in this part of south-west London, UK buyers still account for 76 per cent of the market, 80 per cent of whom use [...]
Asos shares soar 17 per cent as etailer gets back on track with sales up in the UK and overseas March 12, 2015 Asos's share price soared 17 per cent this morning as it appeared to be back on track, reporting quarterly growth of 19 per cent after a difficult period that included a profit warning. The figures The etailer, which took a stumble a few months ago, appears to be back in its comfort zone. [...]
John Lewis Partnership slashes bonus as Waitrose profits fall March 12, 2015 The John Lewis Partnership, known for its generous staff incentives, has slashed the bonus payout to its partners after a hit on profits at its upmarket grocery chain Waitrose. Staff will receive a bonus of 11 per cent of their annual salary, down from last year's 15 per cent – the third annual decline in a row. [...]
Morrisons share price falls as it announces 23 store closures after losses mount and sales drop March 12, 2015 A bad morning for Morrisons. The supermarket announced it will close 23 stores and cutting its future dividend pay-out after reporting a large full-year loss and falling quarterly sales. Shares in the retailer opened one per cent down this morning. The trading environment is a tough one, Morrisons said, and it isn’t expected to get [...]
N Brown sounds alarm as move away from catalogues hits profit March 11, 2015 ONLINE, catalogue and store retailer N Brown has issued its second profit warning in six months following a challenging autumn trading period. The retailer said it was disappointed by the slower profit growth, but remained optimistic that its recent restructuring would ensure future growth. “The company is transitioning from a traditional model: we are changing [...]