Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
Deloitte opens digital office in the capital’s technology district April 28, 2014 DELOITTE has followed KPMG, Tesco and William Hill by moving its digital operations team into the heart of London’s Tech City with a new office in Clerkenwell. The business services firm said it will move 170 staff from its 400-strong UK digital division into the new office on Clerkenwell Green. “If you look at how [...]
Best of the Brokers for 29 April 2014 April 28, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com DIAGEO Credit Suisse has cut the drinks group from “outperform” to “neutral” with a target reduced from 2,200p to 1,950p. The broker has also lowered its profit forecast for the coming year by eight per cent to reflect weaker growth in the US and emerging [...]
Donmar Privacy play reveals all April 28, 2014 THEATRE PRIVACY Donmar Warehouse | By Alex Dymoke Four Stars “IN 21 YEARS of invading people’s privacy I’ve never found anybody doing any good… Privacy is for paedos. Privacy is evil.” This speech by former News of the World hack Paul McMullan delivered to the Leveson inquiry is quoted verbatim in the first act of [...]
The week in brief April 27, 2014 Sony in Made in Chelsea stint Sony will become the first product placement partner for E4’s reality TV show. The deal, brokered by Mediacom and Channel 4, will see six cast members using the Xperia Z1 Compact phone. Channel 4’s Rob Ramsey said: “Xperia Z1 Compact is a perfect PP partner.. The cast are socially [...]
Troubled group’s shops to spend £100m in cutting prices of goods April 24, 2014 THE CO-OPERATIVE group became the latest supermarket chain to slash its prices yesterday, as it fights back against growing competition in the convenience sector. The retailer, which admitted earlier this year to years of underinvestment, is spending £100m this year in cutting prices of every day essential products such as bread, milk and bananas. It [...]
Don’t fear the quantified workplace April 24, 2014 While it has shades of Big Brother, personal analytics could make your job happier and easier SELF-KNOWLEDGE is the first step towards self-improvement for the personal analytics evangelists. If you can use wearable sensors to acquire data about yourself, and then analyse your performance over tasks, you can deploy this information to change your behaviour [...]
How the FTSE 100 is being undermined by the strong pound April 24, 2014 The mood music for the British economy has been sounding all the right notes this year. But one section of the business community are not tapping their feet – stocks listed on the UK’s top share index the FTSE 100. According to a new note from investment bank Deutsche Bank, business analyst have revised down [...]
Primark set to launch its first stores in the US April 23, 2014 ASSOCIATED British Foods (ABF) is taking Primark to the US, the FTSE 100 conglomerate announced yesterday, as it reported a 26 per cent leap in the budget clothing chain’s profits. Primark is set to open a 70,000 square foot store in Boston in 2015 and it is also in talks to open a further eight [...]
Retail successes and failures in the US April 23, 2014 Primark is making its first foray into the US, which has in the past proved to be a tough market to crack and one often described as the graveyard of UK retailers. However alongside a number of failures there have been several success stories. BurberryBurberry has proved to be one of the biggest British retail [...]