Tesco linked to China merger August 8, 2013 Tesco is expected to announce today an agreement to merge its operations in China with a division of state-run retailer China Resources Enterprise. Citing people close to the talks, Sky said that the supermarket group, is set to sign an agreement to merge its store estate in China with that of Vanguard, which is a [...]
What the other papers say this morning – 6 August 2013 August 5, 2013 FINANCIAL TIMES UK weighs legal action over Gibraltar Britain is looking at whether it can take Spain to the European courts over its treatment of British nationals at the border with Gibraltar. UK officials are taking advice on whether checks on cars as they try to cross from Spain into Gibraltar violate EU rules on [...]
Former First Direct boss to front £1bn offer for 316 RBS branches August 4, 2013 A CONSORTIUM led by the former head of online bank First Direct is preparing a £1bn bid for 316 branches being sold by Royal Bank of Scotland. Alan Hughes is working with a group comprised of private equity firms Blackstone and Anacap, which plans to make an offer for the branches as an unofficial deadline [...]
Tesco makes London superstore a flagship for F&F clothing brand August 4, 2013 TESCO confirmed yesterday that it plans to launch a London flagship store for its F&F clothing brand this Autumn. The UK’s largest supermarket group said it will open a 5,000 square feet concession on the mezzanine floor of its Kensington superstore around October. Tesco already has F&F concessions within stores in Woolwich in south east [...]
The voice of business should burst the Westminster bubble August 1, 2013 IT IS great news to see that more senior business figures will be joining the House of Lords, including Sir Anthony Bamford, chairman of JCB and Dame Lucy Neville-Rolfe, former executive director of Tesco’s corporate and legal affairs department. At the same time, it’s not nearly enough – at least, that’s the judgement of some [...]
The new peers are in the House August 1, 2013 THE CAPITALIST noticed a few familiar City faces among the list of 30 new peers who were welcomed to the House of Lords yesterday. Former executive director of corporate and legal affairs at Tesco Lucy Neville-Rolfe made the list, as did Charles Allen, the ex-boss of ITV, who was also appointed chairman of the executive board [...]
The former City men and women among today’s peerage lineup August 1, 2013 There are a few former City types among the 30 new peers welcomed to the House of Lords today. Howard Leigh (Conservative): Senior partner at Cavendish. Leigh is a qualified charterd accountant who set up Deloitte’s M&A group in early 1986 and Cavendish Corporate Finance in 1988. He’s also chaired the Conservative party’s The Leader's [...]
RBS branch bidder to list on AIM to raise funds for purchase effort July 31, 2013 A PROMINENT group of investors looking to purchase 316 branches from RBS and establish a new high street bank yesterday revealed plans to list on the alternative investments market (AIM). The group, called W&G Investments wants to buy the branches which RBS must sell off under the terms of its 2008 bailout. The [...]
Sainsbury’s loses Tesco ad fight July 30, 2013 The Advertising Standards Authority is today expected to dismiss a challenge to Tesco’s price promise campaign, which was brought by rival Sainsbury’s. As the supermarkets jostle for market share among cost-conscious customers, Sainsbury’s led a group complaining that Tesco’s price-matching scheme had unfairly compared the former’s Fairtrade products with the latter’s Everyday Value range.
Inside Track: Just-eat.com just might serve up a London flotation July 25, 2013 LONDON’S reputation as a host city for start-up technology groups would be enhanced if some of the larger businesses would only decide to list here. While there’s no doubt the plan to set up a hub for tech companies around Old Street roundabout is making strong progress, there are still concerns that some of the [...]