Tesco Bank moves into new mortgage territory with independent brokers February 15, 2015 Tesco Bank is extending its mortgage offering to include independent brokers, with the hope of dramatically increasing its customer base. In an interview with The Telegraph this weekend, the business said it would start selling the loans through intermediaries in 2016. The bank has already shown promise in the property market – [...]
Valentine’s Day 2015: South West Trains just won Valentine’s Day with When Harry Met Salisbury, Waterlove and Breakfast at Twickenham departure boards February 14, 2015 A train company just got something right for once. It’s not often they can be given credit for getting something right, but on Valentine’s Day, South West Trains have done it and even revealed a romantic side. We thought Tesco was doing it well, but the folks over at South West Trains, usually embattled by [...]
Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie Norman is the latest City boss to be touted as Tesco’s successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the reputation of being the turnaround king, is in “active talks” with [...]
Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie norman is the latest City boss to be touted as Tesco’s new top boss and a successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the tag of being the turnaround king, [...]
Friday the 13th is lucky for these commuters getting a rally car to and from work February 13, 2015 Friday the 13th may be considered the unluckiest day of the year by some, but weary commuters are in luck today. A fleet of rally cars are super-charging Friday’s commute around the capital by offering to ferry people to and from their destinations throughout the day – thanks to Betfair. No, it’s not the latest company [...]
Tesco is winning at Valentine’s Day. Here’s why February 11, 2015 Valentine's Day is just around the corner and what says love more than multinational retailers pushing their pink heart-shaped products you neither want nor need? Absolutely nothing. That's why between now and Saturday we will all be bombarded with adverts for all the chocolates you can eat (before the cocoa runs out) recipes for two, [...]
Tesco returns to growth as Drastic Dave’s overhaul gets underway February 10, 2015 TESCO has returned to growth after one of the most turbulent years in its history, according to the latest market share figures, in a sign that chief executive Dave Lewis’s turn-around efforts are starting to pay off. Sales increased by 0.3 per cent in the 12 weeks to 1 February compared with the same time [...]
Commodities and banks drag FTSE 100 lower – London Report February 10, 2015 BRITAIN’S top equity index drifted lower yesterday, hit by a drop in banks and commodity stocks, although improved sales for battered supermarkets lent support to the market. Fresh signs of economic weakness in China, the world’s biggest consumer of metals, hit mining companies, with the FTSE 350 Mining Index down 2.8 per cent. It closed [...]
It’s high time supermarkets had a radical lesson in supply chain management February 10, 2015 Every year, the supermarkets hire substantial batches of high-flying graduates to work in their buying departments. The urban mythology is that these expensively-educated young people are paid to shout down the phone, browbeating suppliers to offer yet more discounts. This hectoring seems to be at the heart of the recent decision of the Groceries Code [...]
Morrisons, Tesco, Ocado and Marks & Spencer’s share prices soar after UK food sector shows signs of growth February 10, 2015 Supermarkets led the FTSE 100 higher this afternoon, after figures revealed the grocery sector was in growth once again. Morrisons' share price had recorded the biggest gains at pixel time, rising 5.5 per cent. This was on the back of Kantar figures out this morning, showing its sales had fallen 0.4 per cent, the [...]