After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Confident shoppers boost economic growth hopes January 29, 2015 UK CONSUMER confidence saw a large jump in January, in a renewed sign that the economic recovery will continue strongly into 2015. Retail sales also grew strongly in the month, according to the Confederation of British Industry (CBI), indicating consumers are increasingly upbeat. The consumer confidence index compiled by market researchers GfK reached a score [...]
Amazon sales up at year end January 29, 2015 ONLINE retailer Amazon saw income drop to $214m (£142m) in the fourth quarter of 2014, from $239m in 2013, despite sales increasing by 15 per cent to $29.33bn. Sales are expected to be lower in the first quarter of 2015, at between $20.9bn and $22.9bn, and the firm said it could make a loss of [...]
UK house price growth slowest since 2013 January 29, 2015 House prices in the UK have risen at the slowest pace in more than a year, according to the latest figures from building society Nationwide, a further sign that the UK housing market is cooling. Annual house price growth slowed for the fifth month straight to 6.8 per cent this month, down from 7.2 per [...]
Drastic Dave reveals 43 Tesco store closures January 28, 2015 TESCO chief executive Dave Lewis yesterday lived up to his nickname “drastic Dave” as the company named the 43 stores it would be closing in a bid to revive its flagging fortunes. The retailer said it would shut 30 convenience stores – including 18 Express outlets and 12 inner-city Metro shops – along with seven [...]
H&M misses forecasts after spending spree January 28, 2015 HENNES & Mauritz posted lower than expected fourth quarter earnings yesterday as the Swedish fashion giant splashed out on new ranges and websites in its battle against increasing competition from rivals. The retailer said pre-tax profits for the three months to the end of November rose seven per cent to 7.8bn Swedish kronor (£600m), missing [...]
Russia to launch £22bn economy rescue package January 28, 2015 RUSSIA is to commit 2.3 trillion roubles (£22bn) to a plan to support its sanction-hit economy. It comes just days after its debt was downgraded to a “junk” rating by Standard and Poor’s ratings agency. The government also plans to set up a bad bank to take on troublesome loans from the banking sector. The [...]
Pepper Pig sends entertainment one soaring January 27, 2015 Peppa Pig, owned by Entertainment One, is on track to deliver sales growth of 100 per cent in 2015 with $1bn in retail sales the firm said yesterday. “We’re launching this year in Walmart and Target in the US and the team has been over in China and Asia doing deals in those territories, so [...]
Dividends on the rise at British Land as occupancy rates grow January 27, 2015 British Land has said it will raise its dividend by 2.5 per cent to 6.9p per share on the back of strong trading figures for the quarter ending 31 December 2014. Total occupancy for its retail and office divisions at the end of the quarter was 97.8 per cent an increase of 0.7 percentage points [...]
Carpetright puts the past behind it as UK sales grow January 27, 2015 Carpetright appeared to put a dismal four years behind it after yesterday’s interim results showed an increase of like-for-like sales in the UK of 7.5 per cent during the quarter ending 24 January. Sales growth in the UK was partly offset by losses in Europe, which despite seeing like-for-like sales increase by 1.7 per cent [...]
Third of pension savers in limbo about plans for retirement pot January 27, 2015 One in three Brits with a pension are still in limbo about how to use the cash, just two months before new rules giving them the freedom to do what they want come into force, a survey has shown. New rules in April will scrap the requirement of savers to purchase an annuity with their [...]