Ted Baker reaps good tidings from Christmas January 8, 2015 LUXURY fashion group Ted Baker has had a good Christmas. It saw retail sales up 23 per cent year-on-year in the eight weeks to 3 January and enjoyed a 66 per cent rise in online sales. “We will continue to invest in people and infrastructure as we expand the Ted Baker brand globally,” said chief [...]
M&S share price tumbles as Christmas delivery woes send sale figures plunging January 8, 2015 Delivery problems over the Christmas period have been blamed for poor quarterly results at Marks and Spencers, which sent shares tumbling by more than 3.5 per cent yesterday. The firm reported that sales of general merchandise, which included clothing and homewares, fell 5.4 per cent in the three months to 27 December, while international sales [...]
Signet Jewelers share price takes a hit despite Christmas sales boost January 8, 2015 Despite reporting a 4.2 per cent jump in sales during the eight weeks ended 31 December, shares in Signet Jewelers dropped by over five per cent yesterday. The retail jewellery business reported a 9.7 per cent jump in same store sales in its UK jewellery division, which includes H.Samuel and Ernest Jones. Mark Light, Signet’s [...]
Tesco mulls dumping data arm Dunnhumby in asset sell-off January 8, 2015 Britain’s largest supermarket Tesco said yesterday it could sell off its Dunnhumby data business as it announced plans for widespread cost-cuttings and asset sales. The retail titan said it had appointed Goldman Sachs to explore the options for Dunnhumby – the company that helped to create Tesco’s customer clubcard scheme in 1995. Those options could [...]
Europe growth hopes boosted by retail sales January 8, 2015 RETAILERS in the Eurozone saw a 0.6 per cent month-on-month jump in sales in November. The figures, released yesterday by official statistical office Eurostat, also report a year-on-year increase of 1.6 per cent. “This offers hope that consumer spending may have made a reasonable contribution to Eurozone GDP in the fourth quarter [October to December],” said [...]
City Moves for 09 January 2015 | Who’s switching jobs January 8, 2015 Savills Matt McCue has been appointed out of town retail director at the real estate services provider. He has over 17 years’ experience in the industry, and joins from CBRE. He will continue to work with both landlord and retail clients at Savills. BNY Mellon The investment company’s wealth management business has appointed Yolande Escher [...]
Tesco soars as M&S suffers a slump on buoyant trading – London Report January 8, 2015 LONDON’S shares rallied strongly yesterday, amid a broad-based global equities rally, with supermarkets topping the FTSE 100 gainers after Tesco outlined plans to try to revive its fortunes. The FTSE 100 closed up 2.3 per cent at 6,569.96. Tesco was the best-performing stock on the FTSE 100, closing up 15 per cent at 209.25p. The [...]
Tesco’s rising share price leads FTSE 100 higher January 8, 2015 Tesco became the biggest riser on the FTSE 100 this morning, with its shares jumping more than 11 per cent in lunchtime trading after it posted encouraging Christmas trading figures. By close of trading, Tesco's share price had soared 16.4 per cent. The rally helped the FTSE 100 to rise almost 2.3 per cent. Other [...]
Standard Chartered cuts more jobs as it axes global equities business January 8, 2015 Standard Chartered, the London headquartered bank which focuses on Asia, has announced more job cuts. The bank said it's closing the unprofitable equity sales and research business. This will lead to 200 job cuts worldwide and deliver around $100m in cost savings by 2016. Dismantling its stockbroking, equity research and equity listing desks worldwide will [...]
Supermarket wars: Tesco, Sainsbury’s and Morrisons feeling the pressure in one share price chart January 8, 2015 Tesco’s share price is up today, and by a lot: 9.8 per cent at the time of writing. All in all, though, it’s been a bad past 12 months for supermarkets, with Tesco, Sainsbury’s and Morrisons share prices all sliding against the FTSE, which has itself dropped over the same period. Tesco’s story has been [...]