TITANS OF BUSINESS SET TO CLASH AT GOODWOOD REVIVAL FESTIVAL September 16, 2010 THE LOVE affair between businessmen and their fast cars is certainly alive and kicking. This weekend marks the Goodwood Revival historic motorsport and aviation festival, as over 132,000 attendees prepare to head down to Sussex for two days of immersion in classic cars and planes. And The Capitalist hears that among those competing on the [...]
A farmer’s work is never done September 16, 2010 ANYONE who watched Channel 4’s Young Black Farmers series will remember Wilfred Emmanuel-Jones. He brands himself “The Black Farmer”, the entrepreneur behind the gluten-free food range of the same name. He lives between his London office, his Devon farm and his Wiltshire home where he stood as the Conservative party candidate earlier this year. Born [...]
Commodities drag FTSE 100 down as US output eases September 15, 2010 COMMODITY stocks pulled Britain’s top shares lower yesterday as US data showed a sharp slowdown in industrial output, and after investors switched into the dollar after The Bank of Japan’s yen intervention and recent sharp gains. The FTSE 100 index closed down 11.85 points, or 0.2 per cent at 5,555.56, snapping a five session winning [...]
THE PEOPLE’S SUPERMARKET September 15, 2010 TESCO chief executive Sir Terry Leahy was on hand at the Economist Emerging Markets Summit in London yesterday to hear his designated successor Philip Clarke predict China will become profitable for the retailer during his tenure. The supermarket giant is planning to invest around £2bn into developing shopping malls in the People’s Republic.
New trading director hired to steer JJB September 15, 2010 JJB Sports has appointed Ben Sherman international retail director Kate Hayes as its trading director to nurse it back to health. Hayes will work alongside retail director Ron Rome and HR and training director Paul Mitford. She will join the retailer on 1 November and will be based at its Retail Support Centre in Wigan. [...]
BEST OF THE BROKERS September 15, 2010 ARM Execution Noble thinks it’s time for a breather on the technology company, and downgrades the stock to a “sell” with a fair value of 300p. The broker says that ARM remains well placed to outperform the semi-conductor industry, and will continue to expand into new end markets, but the current value of 29 times [...]
Tesco among companies circling for Carrefour’s Asian assets September 15, 2010 France’s Casino and Britain’s Tesco are among the bidders still in the running to buy Carrefour’s stores in Southeast Asia, Reuters sources have said. Carrefour, Europe’s No.1 retailer, has set a 5 November deadline for second round bids, two other sources said. The $1bn (£644m) auction has attracted a number of potential bidders. Carrefour wants [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 14, 2010 FINANCIAL TIMES TESCO ADVANCES IN CARREFOUR ASIAN AUCTION Tesco is among the bidders through to the second round of the auction for Carrefour’s south-east Asian assets, which are for sale for up to $1bn (£642m). Tesco, the world’s third-biggest supermarket chain by sales after Walmart and Carrefour, was one of more than 10 first-round bidders [...]
COMPANY OF THE YEAR | The Shortlist September 12, 2010 IT has been another tough year for business. The sovereign debt crisis rocked already shaky market confidence, while uncertainty has kept consumers from splashing out. It is in hard times that reputations are made, though, and over the past year the best have bounced back. Both retailers on our list have, in their different ways, [...]
Making millions from potatoes September 9, 2010 No one has ever written a book about how to make a million from a potato, but Will Chase could. The founder of Tyrrells crisps – the posh ones that brought the vegetable crisp to the tables of the upper middle class – has now turned his hand to vodka, made from the spuds grown [...]