Tesco sheds its value stripes in UK rebranding April 4, 2012 TESCO has scrapped its blue-and- white striped Tesco Value range of products in favour of a new updated brand, as chief executive Philip Clarke continues to shake up the business in an attempt to revive UK sales. The Everyday Value range, made up of 550 products, will feature more colourful and “softer” packaging compared with [...]
Clarke makes a play to show investors he means business April 4, 2012 PHILIP Clarke’s power grab for Tesco’s UK business last month was a bold move by the flailing supermarket’s chief executive. It left analysts predicting a crunch year for Clarke – who took over from Terry Leahy in March last year – with a clear case of sink or swim on the cards should he fail [...]
St Modwen buoyed by £2bn Nine Elms win April 4, 2012 ST MODWEN said in a trading update yesterday that profits remained in line with expectations, as it flagged its appointment to redevelop New Covent Garden Market in Nine Elms as “a significant contract win” for the firm. The government revealed last week that the developer and French group Vinci had been picked as the preferred [...]
BLINKBOX SIGNS PARTNERSHIP WITH DISNEY April 4, 2012 ONLINE movie service Blinkbox has joined forces with Disney to bring the film company’s latest releases to UK customers. Many popular titles, including War Horse (pictured) and The Muppets, will be available to rent online the same day that they are released on DVD, while Blinkbox users will also be able to access Disney classics [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2012 FINANCIAL TIMES BRAZIL’S BTG BANK TO CEMENT RAPID RISE WITH $15BN FLOAT BTG Pactual is set to float later this month in a deal that will value the rapidly growing Brazilian investment bank’s equity at up to $15bn and the shareholdings of a swathe of executives at more than $150m each. BSE HEAD APPOINTED TO [...]
The law firm boss who’s not moving anywhere but up April 1, 2012 LAST weekend, Bryan Hughes found himself hanging 50ft above the ground, attached to nothing but a rope. In an effort to face his son’s fear of heights he’d taken him on the high wires at Center Parcs, but when they reached the highest point Hughes found himself feeling a growing sense of panic. “I made [...]
City rainmaker with taste for drama could be leading man March 29, 2012 THE hiring of Greenhill & Co chairman Simon Borrows in July was seen as a coup for 3i. Now, less than nine months later, the City rainmaker could be on the verge of taking over from Michael Queen. Borrows, currently 3i’s chief investment officer, has advised some of Britain’s biggest companies, including G4S, Tesco, Informa, Inchcape and [...]
RAPID RESPONSES March 28, 2012 Insufficient appeal [Re: Taxpayers must not be forced to pay, Tuesday] Surely if a party appealed to a sufficient number of people, they would happily donate funds for the party to use. Insufficient appeal leads to insufficient funds. If there was cash at the end, maybe politicians would be more likely to respond to consumer [...]
Rio Tinto decides that diamond mines are not forever March 27, 2012 DEMAND for diamonds is booming. Tiffany, the luxury jeweller that is famous for using the precious stones in its pieces, earlier this month said its worldwide sales jumped 15 per cent in 2011 and warned that supplies were struggling to keep up. Gem Diamonds, which counts Tiffany as one of its biggest clients, reported a [...]
Tesco continues to shed market share as Asda hits record high March 27, 2012 TESCO has continued to shed market share in the first three months of 2012, latest figures showed yesterday, while number two supermarket Asda has seen its slice of the pie jump to a record high. According to Kantar data released yesterday, Tesco’s year-on-year growth lagged behind the rest of the sector at just 2.7 per [...]