Land Securities to start £275m of retail projects July 17, 2011 LAND Securities is close to starting work on a number of shopping development projects worth £275m, despite tough economic conditions still facing the retail sector. Britain’s biggest property company has lined up seven new projects in south-east England and the Midlands for retailers including Tesco and Primark, that together will create more than 1,000 jobs [...]
Asos gets boost from overseas sales July 14, 2011 ONLINE fashion retailer Asos saw sales soar in the first quarter, but boss Nick Robertson dismissed speculation that the company was being seriously eyed as a takeover target. Asos, which targets young trendy customers, said its retail sales increased 69 per cent to £104.2m in the three months to 30 June. International sales soared 160 [...]
Asos in sales jump July 14, 2011 Online fashion firm ASOS posted a leap in first quarter sales and said it was confident about the outlook, showing there are still winners in the retail sector, even in straitened times. ASOS, which targets internet-savvy 16 to 34-year-old women looking to emulate the designer looks of celebrities such as Kate Moss, Sienna Miller and [...]
FTSE 100 CHAIRMEN BACK DRIVE FOR MORE WOMEN ON UK BOARDS July 13, 2011 THE DEBATE about how to get more businesswomen into the boardroom continued last night at the Lansdowne Club, as FTSE 100 chairmen came to hear BAE Systems’ chairman Dick Olver outline his plans for reform. “It is not a matter of quotas; it is a question of better decisions in the boardroom,” said Olver, who [...]
Tesco opens Asia training centre for 100,000 staff July 7, 2011 Tesco has opened a £30m training centre in South Korea to train its staff across Asia. The group posted Asian sales last year of £11bn from consumers in South Korea, China, Japan, Malaysia, Thailand and India. Tesco is the first FTSE 100 company to open such a training academy in Asia. Workers will be taught [...]
City dealmaker is a prime asset July 6, 2011 SIMON Borrows’ move to fund manager 3i is great news for its shareholders, who gain one of the City’s best-known rainmakers. Borrows, chairman of Greenhill & Co since 2010 and founder of its European business in 2008, advises the UK’s biggest companies, including G4S, Tesco, Informa, Inchcape and National Express. He has also advised 3i [...]
FTSE breaks eight day streak on jitters over China and Euro July 6, 2011 THE FTSE 100’s eight-day winning streak came to a halt yesterday as worries over debt contagion in Europe and the demand outlook in China hit banking and commodity stocks. The top share index closed 21.11 points or 0.4 per cent lower at 6,002.92, having risen more than six per cent in the previous eight sessions [...]
Advertisers snub Murdoch tabloid July 5, 2011 A string of top companies yesterday said they could pull advertising from the News of the World as the phone hacking crisis engulfing the newspaper continued to escalate. Ford said it will not place adverts in this weekend’s edition and companies including nPower, Halifax and Everything Everywhere say they are considering cutting ads in light [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2011 FINANCIAL TIMES PAULSON ENJOYS $500M LEHMAN BOOST AS VALUE OF BOND RECOVERS Paulson & Co, the hedge fund that made billions from betting on a collapse in mortgage-backed securities during the financial crisis, has made more than $550m from a recovery in the value of bonds it bought in failed investment bank Lehman Brothers. BRUNSWICK [...]
Price war sees petrol tumble July 3, 2011 PETROL prices fell by over two pence per litre last week, according to data seen by City A.M. A combination of supermarket price wars and a sharp fall in the global price of oil saw the average price of unleaded drop from over 136p per litre to 133.82p. Diesel declined from almost 140p per litre [...]