Over 50 business leaders have called for an “urgent” decision on airport expansion almost exactly a year after an official report lent its support to a new Heathrow runway June 27, 2016 Over 50 business leaders have called on the government to urgently make a decision on expansion of capacity at London's airports, a year after an official report backed a new runway at Heathrow. Prior to last week's Brexit vote, reports had suggested that a decision could be made as soon as 7 July. However, following [...]
Going, going, gone: Harris and Hoole sale marks end of Tesco ambitions June 23, 2016 First Giraffe, then Dobbies, now it's Harris and Hoole which Tesco has sold off in its efforts to get back to what it's good at (being a supermarket). The sale marks the last of the major assets that are not part of its core retailing to go, and a curtailing of previous ambitions to expand beyond [...]
EU referendum: Markets cast their votes early as sterling and FTSE 100 rally as polls open June 23, 2016 We may not know what the result of the referendum will be until the small hours, but the markets seem to understand which way the country is heading already. After polls last night showed a swing to Remain in the final days of campaigning, the pound rallied against the dollar, hitting its highest level of [...]
Tesco’s share price looks perky as company announces sale of Harris and Hoole coffee chain to Caffe Nero June 23, 2016 Supermarket chain Tesco is selling Harris and Hoole coffee chain to Caffe Nero, it said in its first quarter trading statement this morning. "Together, these sales allow us to place even greater focus on our core UK business," the company said. The retailer's share price was up by 2.82 per cent in early morning trading [...]
Week ahead: Volatile markets are forecast ahead of the referendum June 20, 2016 Recent wild swings in the FTSE 100 are expected to continue until the European Union referendum on Thursday as polls show the electorate evenly split on the decision. At last week’s close, the FTSE rose from a four-month low, up 1.2 per cent, to 6,021.09 points. It was, however, down 1.5 per cent for the week, [...]
Convenience store openings up by a fifth as the big four try to match our changing shopping habits June 17, 2016 Convenience stores are popping up all over the country as people do fewer weekly shops and opt for fewer, more frequent trips instead. The number of convenience stores has risen by 21 per cent in the past five years. The big four supermarkets – Tesco, Asda, Sainsbury's and Morrisons – opened the stop-off shops at the [...]
Tesco’s share price edges up as it weeds out Dobbies garden centres in £217m sale June 17, 2016 Tesco today confirmed the sale of Dobbies garden centres to a group of investors led by Midlothian Capital Partners and Hattington Capital. The supermarket's share price edged up 0.2 per cent in early morning trading after the announcement. Tescos bought Dobbies in 2008 for £150m and has now sold the garden store chain for £217m – a deal that has [...]
Stocks and sterling show signs of life in mini-recovery after market rout June 15, 2016 Markets jumped in the first minutes of trading this morning and the pound rose against the dollar, clawing back some of yesterday's losses. The FTSE 100 climbed 0.8 per cent at the open, but was still below 6,000 points at 5,972 following yesterday's rout. Standard Chartered, Anglo American, Antofagasta, Glencore, Burberry and Tesco were the [...]
Lamborghini Huracan LP 6104 motoring review: I drove this monster to the school gates to prove to my son that I was the coolest Dad in the playground June 13, 2016 Spec Price: £181,895 0-62MPH: 3.2 secs Top speed: 202mph CO2 G/KM: 280g/km MPG combined: 22.6mpg The verdict Design ★★★★★ Performance ★★★★★ Practicality ★★☆☆☆ Value ★★☆☆ Like many men with children, I aspire to be a ‘cool dad’. I foist my musical choices on my children (“This album got five stars in Mojo!”), still wear trainers at every opportunity and [...]