After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Samsonite takes off with airport luggage retailer February 17, 2015 SAMSONITE has found a home for its bags after snapping up the airport retail chain Rolling Luggage yesterday from turnaround specialist Rcapital in a £15.75m deal. The Hong Kong-listed luggage-maker said the deal would help to provide a platform for its brands while also giving it a foothold in the booming travel market as airports [...]
Online shoppers don’t proceed to checkout in Jan February 17, 2015 THE BLACK Friday and Christmas shopping bonanza has led to a slow-down in online retail sales in January, according to the latest monthly figures from industry analysts IMRG and Capgemini. Sales slumped by 25 per cent compared with the previous month as consumers recovered from the festive shopping period, the IMRG Capgemini e-retail sales index [...]
Nama to sell Arrow project February 16, 2015 THE REPUBLIC of Ireland’s state-controlled “bad bank” has appointed advisers to sell an €8.4bn (£6.2bn) portfolio of non-performing loans called Project Arrow. The National Asset Management Agency (Nama) was set up to handle property loans attached to the collapse of the Irish property market in 2009. It has brought in Cushman & Wakefield’s Corporate Finance [...]
Hammerson pre-tax profit more than doubled last year due to revaluation gains February 16, 2015 The figures Profit before tax at the property firm more than doubled from £341.2m a year earlier to £703.1m for the year ended 31 December 2014. Net asset value – an important indicator for developers which measures the value of the buildings they own – jumped 11.3 per cent to £6.38m. Net rental income – comprised of income from [...]
The 9 biggest winners and losers of from the Fifty Shades of Grey effect – B&Q, London Fire Brigade, Teddy Bears, midwives and more February 13, 2015 Fifty Shades of awesome: The winners 1. B&Q B&Q has come in a winner among the many, many, shameless Fifty Shades bandwagon jumping stakes. For a usually family-friendly DIY store, the “leak” of an email warning staff to expect a run on duct tape, rope and cable ties from adventurous shoppers inspired the movie was [...]
German discounters Aldi and Lidl take 10 per cent slice of UK grocery sector February 13, 2015 Discounters Aldi and Lidl now account for more than 10 per cent of the UK's grocery sales, taking £1 in every £9.31 spent at supermarkets in the last three months. The German retailers' combined market share stood at 10.7 per cent for the 12 weeks to January 31, up from 9.3 per cent last [...]
Ocado delivers first profit of £7.5m but cuts bonuses by 40 per cent February 12, 2015 Grocery delivery service Ocado reported its first profit yesterday, of £7.5m for 2014, up from the £5.1m loss in 2013, although top executives had their bonuses slashed by around 40 per cent. Executive directors only reached half their targets, resulting in total bonuses paid dropping nearly £800,000 compared to 2013 totals. Group sales went up [...]
L’Oreal UK chief executive Michel Brousset says the group’s bad hair days are behind it February 12, 2015 Michel Brousset takes a good look at my hair and sits back in his chair again. L’Oreal’s charismatic UK chief executive, himself perfectly coiffed, seems satisfied with what he sees: “You have fine hair, like 65 per cent of British women,” he declares. Hair is far from a trivial matter for the 41-year-old photography and [...]
Dunelm Group share price rises as homeware retailer set to make itself at home with 200 stores February 11, 2015 Dunelm boss Will Adderley has left no time to waste since returning to the helm of the family business five months ago, as he revealed yesterday ambitious plans to grow sales by 50 per cent over the next five years. Adderley, the son of Bill and Jean who founded the homewares retailer in 1979, [...]
New Look IPO: We’re dressed up and ready for a float, says chief exec February 10, 2015 New Look is ready to consider another attempt at an initial public offering (IPO), the fashion retailer’s chief executive said yesterday, as it blamed the warm weather for a fall in third quarter sales. Anders Kristiansen has consistently brushed off rumours that the retailer is planning a return to the market. New Look pulled a [...]