After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Xmas hangover causes retailers January blues February 10, 2015 SHOPPERS held back on their spending in January after splashing out over Christmas and Black Friday, according to accountancy firm BDO. Figures from BDO’s High Street Sales Tracker show that sales from stores open at least a year at mid-sized high street chains grew just two per cent last month. Like-for-like sales jumped 10.3 per [...]
Hornby steams ahead as train sets boost sales over Christmas February 10, 2015 Model railways and Scalextric train sets were on people’s wishlists this Christmas, helping toymaker Hornby deliver a five per cent rise in third quarter sales. The Kent-based company said UK sales over the three months from 1 October were seven per cent ahead of the same time last year and that the year ahead looked [...]
Black Friday spurs Brits to spend £1.5bn more in November 2014 February 10, 2015 Britons spent £1.5bn more in November than the previous year after a surge in the popularity of Black Friday discount deals, research from Boston Consulting Group (BCG) released today shows. The consultancy company said around £28.7bn in sales took place in November, with 66 per cent of consumers either delaying or bringing forward their Christmas [...]
Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]
Tesco’s share price jumps as Kantar figures reveal the supermarket has grown sales for first time in a year – but it is still losing market share February 10, 2015 Tesco's share price jumped nearly two per cent this morning after figures revealed it had grown for the first time since January 2014. The UK's biggest retailer recorded sales growth of 0.3 per cent to £7.9bn for the 12 weeks to February 1, according to Kantar Worldpanel. But that was not enough to stem the [...]
Sales down but market share up as New Look turnaround continues February 10, 2015 New Look has suffered declines in the “unseasonably warm” three months to December 27- but the fast fashion chain is still buoyant after growing market share. The figures New Look's revenues dropped 1.6 per cent in the third quarter, from £406.6m to £399.9m. Adjusted EBITDA was £76.8m, down 2.7 per cent from £78.9m last [...]
Permira reduces stake in Hugo Boss for fifth time in two years February 9, 2015 Private equity firm Permira is cutting its stake in luxury fashion retailer Hugo Boss, it said last night. Red and Black – which is 60 per cent owned by Permira – will reduce its holding in the German fashion retailer from 32 per cent to 12 per cent. It means Permira’s stake in Hugo Boss [...]
Shoppers spend petrol savings on new clothes February 9, 2015 BARGAIN-HUNTING British shoppers splashed out in January, transferring their savings from lower food and petrol prices towards other spending, the British Retail Consortium (BRC) said today. Total retail sales in January were up 1.6 per cent on the year, with food up 0.2 per cent and non-food sales up 2.7 per cent Clothing, toys and household [...]
Odeon is selling one Fifty Shades of Grey ticket every seven seconds – and it’s preparing for a feeding frenzy in the film’s opening weekend February 9, 2015 Much-mocked it may be, but it seems cinema audiences are taking the new cringe fest Fifty Shades of Grey movie, which opens this weekend, pretty seriously. So seriously, in fact, cinema chain Odeon is selling one ticket to the movie every seven seconds. If it keeps selling tickets at this rate, Fifty Shades will beat Skyfall and the [...]
Inflation report to give clues on rate hike date – London Report February 8, 2015 THE BANK of England’s quarterly inflation report is this week expected to offer an insight into whether historically-low interest rates will be increased this year or next. Howard Archer, of IHS Global Insight, said: “The Bank of England will obviously have to cut its near-term inflation forecasts sharply given that consumer price inflation fell sharply [...]