After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Morrisons share price edges up as it names former Tesco man David Potts as chief exec February 25, 2015 Shares in embattled supermarket Morrisons opened one per cent higher this morning, after it named its new chief executive: former Tesco Asia boss David Potts. The supermarket launched its search for new boss in January, after chief executive Dalton Philips announced his departure. The appointment is part of a fresh start for the company: chairman Andrew [...]
Pebble Time: New smartwatch enters Kickstarter record books, raising £6.1m in seven hours February 24, 2015 Pebble smashed crowdfunding records yesterday as it returned to Kickstarter to fund its second smartwatch, Pebble Time. Within 17 minutes, the firm had reached its initial finding target of $500,000 (£324,000). And after 49 minutes, it had hit the $1m mark, obliterating the previous record for the milestone. Seven hours after the campaign kicked off, Pebble had [...]
Smartphones and tablets keep luring shoppers to buy online February 24, 2015 Britons buying with their tablets and smartphones has reached 40 per cent of online retail sales after a boom in activity over the last three months to the end of January. Quarterly figures from industry analysts IMRG and Capgemini yesterday showed mobile sales rose at their sharpest rate since the same quarter last year, when [...]
City Moves for 25 February 2015 | Who’s switching jobs February 24, 2015 Knight Frank The property consultancy’s retail division has announced the appointment of Richard Petyt as a partner in its agency team. He joins from Asda Stores, and in his new role will work on food store and mixed use development projects, development funding and food store portfolio rationalisation. Cantor Fitzgerald Europe Caspar Shand Kydd has [...]
DFS Furniture targets £585m market debut February 23, 2015 DFS FURNITURE has set a price range of 245p to 310p per share as the sofa retailer pushes ahead with plans for a float on the London Stock Exchange next month. The price range would mean that, at its mid-point, DFS would be valued at £585m although it is understood that its enterprise value including [...]
Associated British Foods feasts on Primark but diets on sugar February 23, 2015 SHOPPERS snapping up more bargains at Primark over the last eight weeks helped to offset a weak performance at Associated British Foods’ (ABF) sugar business, the consumer giant said yesterday. Sales at clothing retailer Primark in the half-year to 28 February are expected to rise by 16 per cent on a constant currency basis, due [...]
Surprise drop in growth of UK retail sales February 23, 2015 HIGH street sales suffered a shock decline this month, but it is unlikely to dampen projections for strong spending this year. Sales volumes were reported to have increased on the year by 30 per cent of firms, according to figures released yesterday by the Confederation of British Industry (CBI). It compares to the 29 per [...]
UK retail sales growth unexpectedly stall as shoppers eschew high street in February February 23, 2015 Retail sales growth unexpectedly hit a wall in February, putting an end to six months of buoyant growth, with increases in real wages failing to result in more spending, a business survey showed. Sales, prices and headcount fell as retailers suffered tougher trading conditions such as supermarket price wars. However, most expect the rut to [...]
Primark sales climb – but sugar division remains bitter for Associated British Foods February 23, 2015 Associated British Foods is expecting good things from Primark when it reports its full year figures in April – but its sugar division continues to dampen the group's overall performance. The fast fashion chain is ABF's jewel in the crown. Sales are expected to be up 16 per cent on last year, with “very [...]
Sofa, so good: DFS IPO to value it at £585m February 23, 2015 The never-ending sale that is sofa retailer DFS has announced its expected price range ahead of its IPO, likely to take place next month. The sofa seller, which has previously said it has about a quarter of the UK's £3bn upholstered furniture market, has set a range of 245p-310p. At its mid-point, that would value [...]