THE TIPSTER October 3, 2011 FASHION retailer Ted Baker is reporting figures to the market on Thursday, and the expectations are good. Despite the high street gloom and the UK retail sales index being at a 16-month low, Ted Baker has supposedly bucked the trend, and will show a 15 per cent increase in sales. Global expansion is also being [...]
Tesco and Sainsbury’s in battle to step up sales October 2, 2011 TESCO reports it half yearly results on Wednesday with analysts predicting international sales offsetting sluggish figure for the UK. The grocer, which has slashed the prices on thousands of lines in a bid to trigger sales rises, will also be eyeing second quarter results from rival Sainsbury’s, which is reporting on the same day. New [...]
THE WEEK AHEAD October 2, 2011 COMPANY NEWS ● James Halstead announces today. Its flooring can be found near and far: from the Scott Base in Antarctica, to the Svalbard Hotel on the edge of the polar icecap. ● Tomorrow, Wolseley will deliver its full year results. The FTSE 100 heating and plumbing distributor operates in 25 countries, with 4,400 branches [...]
THE TIPSTER October 2, 2011 IT is a busy week this week for retailers with Tesco and several others updating the markets with their latest trading statements. Tesco has been wobbling like an errant trolley between 355p and 385p for nearly two months now. Until this range is broken, look to sell at the top and buy at the bottom. [...]
Domino’s on track thanks to new ranges September 28, 2011 Pizza delivery firm Domino’s Pizza said it was on track to meet full year expectations after sales growth accelerated, benefiting from the launch of new stuffed crust and ‘Gourmet’ ranges. The company, which runs the British and Irish franchises of the global delivery brand, said its stuffed crust range had proved popular after being launched [...]
Buffett buys another 34m Tesco shares September 26, 2011 BILLIONAIRE US investor Warren Buffett has nudged up his stake in retailer Tesco in what is being seen as a vote of confidence in new chief executive Phil Clarke. Buffett’s Berkshire Hathaway last has bought around 34m Tesco shares for about £120m, lifting its stake in the British supermarket group to 3.64 per cent from [...]
Intertek names new chariman as David Reid September 26, 2011 BRITISH testing firm Intertek has announced that outgoing Tesco chairman David Reid will join the firm to fill the same role next January. Intertek, which tests products from toys and clothes to oil and renewable technology, said Reid, also a former chairman of Kwik-Fit Group, would replace Vanni Treves, who will retire on 1 January [...]
Global markets dragged down by Eurozone crisis September 26, 2011 Gains by banks were outweighed by heavy losses among miners in early trading today as Eurozone bailout fears and bleak forecasts on world economic growth cast a shadow over markets. After last week’s rollercoaster ride, volatility looked set to continue as Eurozone leaders conceded that they would have to pump in trillions to have an [...]
Buffett raises stake in Tesco September 26, 2011 Billionaire US investor Warren Buffett has nudged up his stake in Tesco, according to Reuters sources. Analysts said the move could be interpreted as a vote of confidence in new chief executive Phil Clarke. Buffett’s Berkshire Hathaway last month bought around 34m Tesco shares for about £120m, lifting its stake in the British supermarket group [...]
High Street boosts discounts September 25, 2011 HIGH street retailers stepped up the battle to win over cash-strapped shoppers this weekend by slashing prices and launching promotions, days after Britain’s supermarkets announced fresh price cutting campaigns. Top fashion retailers including Next and Gap launched a two day “flash sale” over the weekend, with items discounted at 50 and 30 per cent respectively [...]