After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Finsbury Foods share price soars as Disney Frozen cakes remain Christmas hit January 19, 2015 Disney’s Frozen cakes usually fly off the shelves for birthdays, but their success this Christmas helped sales soar at Finsbury Foods. The cake and bread manufacturer said total sales in the first half to 27 December jumped 24 per cent to £107.6m, thanks to strong demand for the Disney-themed sponge as well as its seasonal [...]
Naked Wines to pour £70m into its independent winemakers January 19, 2015 Naked Wines said it will pour £70m of funding into its independent winemakers this year after enjoying a bumper Christmas and growing its community of angel investors. The boutique online retailer, whose customers, or angels, invest over £2m each month towards future orders, said group sales were up nearly 40 per cent over the Christmas [...]
Christmas cheers up Greene King after gloomy sales year January 19, 2015 Suffolk-based pub chain and brewer Greene King revealed yesterday it saw restrained like-for-like sales growth of 0.6 per cent in first the 36 weeks of its year, despite a two per cent sales boost over the Christmas period. The company underperformed in Scotland over the six-week festive period due to a combination of the country’s [...]
Market lifted by upbeat view of Christmas retail – London Report January 19, 2015 BRITAIN’S main share index rose yesterday, extending a strong run, with retailers such as Tesco among the biggest gainers from a more upbeat view of the sector after a better-than-expected Christmas period. Electronics retailer Dixons Carphone rose 4.4 per cent, the top riser on the FTSE 100 index, with traders citing optimism ahead of the [...]
China GDP growth falls to its lowest since 1990 January 19, 2015 After years of double-figure growth, China's GDP growth fell to its slowest in 24 years in 2014, according to figures published overnight. Growth in the country fell to 7.4 per cent last year, its slowest pace since 1990, down from two consecutive years of 7.7 per cent growth. While it was the first time it's [...]
Christmas wasn’t so bad for Thorntons after all, with retail sales up in the second quarter January 19, 2015 The figures Shares in chocolate retailer Thorntons opened almost two per cent higher after it posted figures showing like-for-like retail sales went up by five per cent in the second quarter of 2014 – a turnaround from the 3.7 per cent decline in its first quarter. In the 14 weeks to 10 January, the [...]
Gear4music strikes right chord as sales jump January 18, 2015 GEAR4MUSIC, the online retailer of musical instruments and equipment, said sales surged 42 per cent in December, as customers snapped up everything from 99p Kazoos to “neighbour friendly” electronic drum kits and £8,000 Yamaha digital pianos. UK sales jumped 29 per cent while international sales doubled as it expanded its presence to 19 country-specific websites.
Consumers win with rise in jobs and earnings – London week ahead January 18, 2015 UNEMPLOYMENT is falling while earnings are rising, figures out this week are expected to show, sending good news for consumers. Data due out on Wednesday is likely to show the labour market continuing to strengthen. Howard Archer, of IHS Global Insight, said: “We expect claimant count to have fallen by 25,000 in December to stand [...]
LiteBulb Group’s Simon McGivern and James Phillips talk Mary Berry, cashpoint encounters and woodwork January 18, 2015 It's not every day that you bump into an old friend at a cash machine in Fulham and end up hatching a business – but then Simon McGivern and James Phillips, the founders of LiteBulb Group, are not your average pair. They went to school together (although they didn’t know each other very well) and [...]
Pensioner bonds: George Osborne heralds over £1bn sold to over-65s as a “huge success” January 17, 2015 More than 100,000 savvy silver-haired savers have jumped at the chance to buy the government's new pensioner bonds, netting the Treasury more than £1bn in just two days. Chancellor George Osborne called it "the biggest opening sales of any retail financial product in Britain's modern history” after the one and three-year bonds went on sale [...]