After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Boohoo’s 27 per cent revenue jump is nothing to cry about March 11, 2015 ONLINE fashion retailer Boohoo has reported a stylish 27 per cent surge in full-year revenue. The group, which targets 18- to 24 year olds, accredited mobile phones with helping to boost sales. Mobile traffic now represents almost half of all sessions and daily unique visitors to Boohoo.com. Mobile user conversions to sales improved by over [...]
Late afternoon commodity rise lifts FTSE index – London Report March 11, 2015 COMMODITY stocks in the FTSE recovered well yesterday afternoon, from falling sharply earlier in the session because of concerns about economic growth in China, to drag the blue-chip index up. The FTSE 100 index closed 0.28 per cent higher at 6,721.51 points after a choppy session, which saw the index rising as high as 6,738.95 [...]
Tesco recovers from 18 months of slow sales March 10, 2015 TESCO has posted its strongest performance in 18 months, with sales up 1.1 per cent compared with 2014, according to industry data for the 12 weeks ending 1 March. The latest grocery share figures from Kantar Worldpanel suggest that the major overhaul of strategy at the UK’s biggest retailer by new chief executive Dave Lewis [...]
Online grocery delivery firm Ocado follows first profit with a bigger share of the market March 10, 2015 OCADO yesterday reported an acceleration in sales growth of 15.2 per cent to £252m in the first quarter of its financial year. The online supermarket exceeded analysts’ estimates and shows a gain in the online grocery and overall market shares. Revenue rose by 19.2 per cent to £271m in the 12 weeks to 22 February, [...]
Grocery price war continues: Tesco’s rebound hurts Asda as Aldi reaches record market share March 10, 2015 Tesco's return to growth is stealing market share from Asda, according to the latest figures from Kantar Worldpanel. The sector as a whole is still hugely competitive: the grocery price war has driven supermarket deflation to a record level of 1.6 per cent for the 12 weeks to March 1. Kantar estimated that this had [...]
Ocado sales jump 19.2 per cent as company says it expects to keep growing ahead of the curve March 10, 2015 The figures Ocado’s group sales jumped 19.2 per cent in the 12 weeks to 22 February, rising to £271.1m, from £227.5m during the same period last year. Meanwhile, retail sales were up a similarly impressive 15.2 per cent to £252.0m, two months after the company reported its first profit. Ocado said that on 22 February it had [...]
Will Apple’s watch range be worth its weight in gold? March 9, 2015 Apple yesterday unveiled its highly anticipated take on the smartwatch with a host of new innovations and an ostentatious 18 carat gold version. The cheapest in the range is the Apple Watch Sport, priced from £299. But one version, the solid-gold Apple Watch Edition will set buyers back up to £13,500. The launch of the [...]
Pizza Express takes a slice out of home market March 9, 2015 Pizza Express yesterday reported strong half-year trading with like-for-like sales ahead by 6.8 per cent in the 28 week period to 11 January 2015. Chief executive Richard Hodgson said the restaurant chain’s strong performance is down to new openings, continuous innovation and a record Christmas trading period, which saw like-forlike growth of 11.2 per cent [...]
Retails sales increase in UK after fall in 2014 March 9, 2015 UK retail sales increased by 0.2 per cent on a like-for-like basis compared with February 2014) – when they had decreased one per cent on the previous year – according to the British Retail Consortium (BRC). Overall, sales were up 1.7 per cent against a 0.7 per cent rise in February 2014. “After the bustle [...]
City Moves for 10 March 2015 | Who’s switching jobs March 9, 2015 New Bridge Street The executive remuneration specialist has appointed Drew Matthews as partner. He joins from Tesco, where he was group reward director for the past three years. Matthews has also held consultancy roles at PwC, Deloitte, and Stern Stewart. Eaton Vance Management International David Morley has been appointed business development director, UK institutional at [...]