Tesco share price timeline: One chart showing the dramatic decline of the supermarket giant December 9, 2014 Since 1919, the rise of Tesco as the dominant supermarket chain has seemed unstoppable. It enjoyed rapid expansion in the 80s and 90s which resulted in a huge market share over the last ten years. This is all now under threat after a series of profit warnings and scandals has cast a bleak shadow over [...]
What will happen to Tesco and its investors after yet another profit warning? Here’s what the analysts think December 9, 2014 What will happen to Tesco and its investors? Here's what the analysts think after the latest concerning news from the retail giant. Tesco's terrible year became a little bit worse this morning, after the beleaguered supermarket chain revealed that its profits for the financial year ending in 2015 would not exceed £1.4bn. This [...]
Asos UK sales soar 24 per cent after biggest ever trading week over cyber weekend December 9, 2014 Online retailer Asos said UK sales rocketed after customers rushed to cash in on "cyber weekend" deals, but gains were offset by disappointing international sales. The results Total retail sales increased by 8 per cent to £246m in the three months to November 30. However, this has slowed from the previous quarter, where they grew [...]
Camden Market IPO: Owner Market Tech Holdings aims for £100m listing on Aim December 8, 2014 The owner of Camden Market, Market Tech Holdings, yesterday announced its intention to list on London’s Alternative Investment Market. Market Tech is the holding company of a group that combines real estate assets in Camden Borough – namely Camden Stables Market, Hawley Wharf, Union Street Market and Camden Lock Market – with an [...]
Black Friday UK 2014: Retailers return to black after a frenzied day of spending December 8, 2014 The shopping frenzy created by Black Friday last week helped push retail sales back into growth in November as shoppers flocked online and into stores to snap up a bargain. Like-for-like retail sales rose by 0.9 per cent compared with November last year, when they increased by 0.6 per cent. This was also an improvement [...]
UK activist fund Crystal Amber vies for change at Sainsbury’s December 7, 2014 UK activist investment fund Crystal Amber is in talks with several overseas investors about buying shares in Sainsbury’s, as part of a plan to shake-up Britain’s third largest grocer. Aim-listed Crystal Amber is understood to be looking at Sainsbury’s on behalf of a big American investor interested in buying a sizeable stake in the food [...]
Cyber Monday beaten as Black Friday sales soar December 7, 2014 Black Friday trumped Cyber Monday as online transaction volume soared 74 per cent year-on-year, compared to an increase of just 44 per cent on Cyber Monday, showing the meteoric rise of the US shopping event. Since 2011 Cyber Monday (1 December) has outperformed Black Friday in terms of online sales, however this year’s Black Friday [...]
Retail data to show UK spending boost from Black Friday – London Report December 7, 2014 Black Friday is expected to have added a healthy boost to November’s retail sales, which the British Retail Consortium is due to announce tomorrow. Howard Archer, of Global IHS Insight, said: “While consumers are always keen to take advantage of bargains, particularly in the run-up to Christmas, the desire for bargains has undoubtedly been heightened [...]
US banks face capital review – New York Report December 7, 2014 MARKETS are starting to slow down, with major averages seeing smaller day-to-day moves as trading declines, but investors are inclined to retain a bullish view, particularly after strong jobs data. The data calendar lightens this week with only retail sales, producer price inflation and consumer sentiment reports due. The US Federal Reserve will meet tomorrow [...]
Pets at Home’s groom rooms help retailer’s profits jump to £40m December 4, 2014 Doting pet lovers spoiling their pooches and cats helped Pets at Home deliver a 10.2 per cent jump in sales to £381.5m in the six months to October. The retailer, which provides pet food, accessories and veterinary services from around 400 outlets, has doubled its profits to £40.5m from £21.3m in the first [...]