Growth in retail sales dips after jump at Easter May 28, 2014 RETAIL sales climbed steadily with the continuing recovery in May, but at a slower pace than in April, following the effect of a late Easter Weekend. In a survey of major retailers, 38 per cent said that their sales volumes were up in comparison to May last year, while 22 per cent said they had [...]
New York Report: Dow Jones falls on a quiet day May 28, 2014 PROFIT taking sent US stocks down yesterday as investors took a breather after four days of solid gains fueled by positive economic data. The Dow Jones industrial average fell 42.32 points or 0.25 per cent, to 16,633.18. The S&P 500 lost 2.13 points or 0.11 per cent, to end at 1,909.78, and the Nasdaq Composite [...]
How smaller business can use big data to help drive growth May 28, 2014 Your company may be sitting on an unused information goldmine BUSINESSES are in the middle of an information explosion. In 2012, IBM estimated that 90 per cent of the data in existence had been created in just the two prior years. The International Data Centre, meanwhile, forecasts that the market for big data will reach [...]
Any Other Business – 28/05 May 28, 2014 IT SEEMS Harvard academic Kenneth Rogoff has distanced himself from not-so-pernickety Thomas Piketty. Much of the reportage into the calculation snafus in Piketty’s tome, “Capital in the Twenty-First Century”, has included a reference to Rogoff because of a similar spreadsheet mistake on his part back in 2010. But just when you might think the French economist [...]
TSB promises rapid growth to new investors May 27, 2014 NEW HIGH street bank TSB yesterday set out plans to grow by 50 per cent over the coming years, hoping to attract investors with an ambitious expansion plan. Lloyds is selling the 631-branch bank and published its intention to float the lender on the stock market yesterday. The sale comes at a tricky moment as [...]
AG Barr boss to retire as sales bubble higher May 27, 2014 AG BARR said yesterday its longstanding chairman Ronnie Hanna will be stepping down at the end of the year as the maker of Irn-Bru posted an jump in first quarter sales. Hanna, who has been chairman for five years and on the board for 11 years, told shareholders of his plans to retire at AG [...]
AG Barr’s chairman Ronnie Hanna steps down as sales rise May 27, 2014 Drinks maker AG Barr has announced that its chairman, Ronnie Hanna, is retiring at the end of this year. Board member John Nicolson will take over the role, with immediate effect. Hanna has been chairman for five years, on the board for 11 years. Nicolson, meanwhile, has been on the board since January of last [...]
What you need to know before the open May 27, 2014 After a day out of the loop yesterday, the FTSE will be playing catch up with European markets, which saw a strong session yesterday. The European and Ukraine elections don’t appear to have affected equities too much. Several bourses saw encouraging gains, with the Dax posting a record high. Eyes are still on European Central [...]
Lloyds confirms float of TSB May 27, 2014 Lloyds Banking Group has confirmed plans to sell 25 per cent of lender TSB sometime next month, with the prospectus set to be published in mid-June. The offer will be available to institutional investors and to intermediaries. Retail investors will receive one free share for every 20 they buy, up to the value of £2,000, [...]
TSB plans to offer bonus shares to long-term investors May 27, 2014 NEW HIGH street bank TSB is expected to try to attract more long-term investors by offering a bonus for those shareholders who stick with the business. The lender is being sold off by Lloyds, and the details of the stock market flotation could be announced as soon as today. It wants the initial public offering [...]