Tesco defends pledge of 20,000 new jobs as it pursues Eastern dreams with property fund float March 5, 2012 THE head of Tesco’s British business defended the chain’s pledge of 20,000 new jobs yesterday, following analysts’ claims that supermarkets inflate their figures. Richard Brasher said the hiring plan represented “real net new jobs” after the retailer, Britain’s largest, said it could not yet give figures for the split of full and part-time positions. More [...]
Top brands pay best dividend March 5, 2012 Trusted brands known and used in every household in the UK were among some of the most consistent, dividend yielding stocks over the past year, according to research by Indixs. The UK Dividend Achievers Index listed the most consistent dividend paying stocks and found that consumer brands such as SABMiller, Diageo, Unilever, British American Tobacco [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 4, 2012 FINANCIAL TIMES EU TO PUSH QUOTA FOR WOMEN DIRECTORS The EU’s executive is to press ahead with plans for quotas to increase the proportion of women on corporate boards, triggering a protracted fight between Brussels and national governments. Viviane Reding, justice commissioner, will announce the first step towards European-level legislation, a year after she threatened [...]
20,000 MORE UK JOBS FOR TESCO March 4, 2012 TESCO unveiled plans yesterday to hire 20,000 new staff over the next two years as part of the supermarket’s efforts to revive its UK business. The UK’s biggest retailer, led by Phil Clarke, said it will invest significantly in additional staff hours and training to boost the customer experience. Tesco said the jobs are the [...]
RESPONSES TO THE KAY REVIEW INTO SHORT-TERMISM February 29, 2012 STEPHEN HADDRILL FINANCIAL REPORTING COUNCIL Quarterly reporting adds little by way of new information and can be easily manipulated, but it does provide a regular short-term trading opportunity, and, given the continuing requirement on companies for timely disclosure of market sensitive information, we support its abolition. SIR TERRY LEAHY FORMER TESCO CHIEF EXECUTIVE Sir Terry [...]
Tesco keeps on losing share to cut price rivals February 29, 2012 LEADING supermarket Tesco failed to increase sales as quickly as its rivals in the last 12 weeks, data out yesterday showed, while leaked documents showed the Co-op is well behind its sales targets already this year. Tesco’s sales rose 2.5 per cent in the 12-week period ending 19 February, compared with the same period last [...]
There’s no logic behind the workfare proposal February 28, 2012 THE government has introduced a scheme that encourages people on the unemployment benefit to work at selected firms, such as Tesco. They are paid nothing but are alleged to benefit by gaining work experience. This is not slave labour, as some have alleged. No one is forced to do this unpaid work, not even as [...]
Tesco eyes stake in Hi-Mart February 23, 2012 TESCO may bid for a controlling stake valued at about £570m in South Korean electronics retailer Hi-Mart, two sources with knowledge of the matter said yesterday, as the British grocer eyes growth markets to offset challenging times at home. Disposable incomes across much of Europe are being squeezed by rising prices, muted wage growth and [...]
FOCUS ON: STRATFORD, LONDON February 23, 2012 RICHFORD ROAD Price: £340,000 A four bedroom period conversion spread over four floors with front bay windows and access to private gardens. Go to www.foxtons.co.uk ANGEL LANE Price: £350,000 A twelfth floor, two bedroom flat in a modern high rise. Located a stone’s throw from the Underground and other transport links. Go to www.foxtons.co.uk CASPIAN [...]
Sales slow at Asda but boss stays upbeat February 21, 2012 ASDA, owned by US retailer Wal-Mart Stores, yesterday posted a slowdown in sales growth in its fiscal fourth quarter as shoppers cut back due to rising prices, muted wages growth and an uncertain economic outlook. Chief executive Andy Clarke said he was instinctively optimistic about prospects in 2012 but said it was too early to [...]