FASHION NEWS IN BRIEF February 3, 2011 LOTUS LAUNCHES FASHION BRAND Brit supercar company Lotus is launching a new lifestyle concept, Lotus Originals with a range of clothing and accessories reflecting the spirit of its cars. Lotus Originals launches online at www.lotusoriginals.com on 23 February. BEAUTY ON A BUDGET FROM TESCO The supermarket giant is trialling a beauty salon scheme in two [...]
For some, it’s a borrower’s market February 2, 2011 FANCY a new car, luxury holiday or that longed-for loft conversion but don’t have the cash? This could be the moment for you to bag a bargain. As businesses struggle amid the economic downturn, they are offering some very good deals, at least to certain clients. With care, you may be able to net an [...]
What the other papers say this morning February 1, 2011 FINANCIAL TIMES INVESTORS WARN OVER DEEP WATER DRILLING RISKS Oil companies operating in deep water must do much more to reassure shareholders that they are not taking excessive risks that could put them out of business, representatives of investors with $2,500bn under management have warned. US and European share holders, including state employees’ pension funds [...]
Ian Cheshire to join the DWP board as non-exec January 31, 2011 IAN Cheshire has been appointed as the lead non-executive member on the Department for Work and Pensions (DWP) board. The outspoken Kingfisher chief executive is no stranger to politics. He threw his weight behind a high profile campaign by the Tories to reverse a hike in National Insurance, proposed by Labour before their election defeat. [...]
French giant has started to lose edge January 31, 2011 CARREFOUR’S executives certainly need to do something to revive the retailer’s flagging fortunes. Anyone who has holidayed in France regularly over the last few years will have noticed that the supermarket giant is losing its edge. It used to be that one of the pleasures of hopping across the channel was a trip to l’hypermarché [...]
FTSE struggles as Egypt turmoil unsettles markets January 31, 2011 The FTSE struggled to reclaim a morning of losses as political turmoil in Egypt unsettled investors. The FTSE 100 closed down 0.31 per cent or 18.43 points at 5,862.94, with travel firms suffering most from selloffs. Tour operator TUI Travel shed 2.62 per cent to close at 253p, while mid cap peer Thomas Cook lost [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 27, 2011 FINANCIAL TIMES POLICE TARGET “HACKTIVISTS” An online “hacktivist” group that brought down the websites of perceived opponents of WikiLeaks has itself become the target of an international police crackdown. The London Metropolitan Police arrested five men in connection with a recent spate of attacks by Anonymous, behind last month’s revenge assault on the websites of [...]
Lancashire to announce debts January 27, 2011 CRICKET: Lancashire have alerted members they are set to announce losses of around £2m, the worst ever recorded by a county cricket club, and conceded that unless the Tesco-funded redevelopment of Old Trafford is finally cleared within the next two months, their future existence could be under threat. “If we don’t develop, there is no [...]
Cheshire joins Whitbread to replace Tesco bound Clarke January 27, 2011 WHITBREAD has appointed Ian Cheshire, pictured left, as a non-executive director to replace Philip Clarke. The pub group said yesterday Clarke, pictured right, will be stepping down from the board when he takes up the chief executive role at Tesco in March, replacing Sir Terry Leahy at the supermarket giant. Cheshire, who will start his [...]
The ex-butcher who knows how to cut it fine January 24, 2011 HAVING started his career in a butcher’s shop in Wolverhampton, Ranjit Singh Boparan has a lifetime of experience in food firms – and knows how to cut things fine. Boparan’s £342m bid for Northern came two hours after the Takeover Panel’s original deadline of 5pm on Friday, after he negotiated a last-minute extension with the [...]