Transport for London looks for £3.5bn of commercial revenues June 2, 2014 TRANSPORT for London (TfL) has begun searching for a new sponsor of the city’s bicycle hire scheme, hoping to bring in more money and a long-term partner following Barclays’ departure. The Mayor of London, Boris Johnson, has written to 200 of TfL’s biggest advertisers to gauge interest in sponsoring the bicycles, which were launched on [...]
L&G buys Waitrose warehouse May 27, 2014 The property arm of insurance firm Legal & General has agreed to forward fund a new distribution warehouse for Waitrose in Milton Keynes, in a deal worth £114m. The 100,000 square feet warehouse in Milton Keynes’ Magna Park is being built by logistics developer Gazeley and has been pre-let to Waitrose on a 30-year term. [...]
Get your just dessert by investing in sweet wine from Bordeaux May 13, 2014 Bottle.opener@cityam.com IF THERE is one crumb of comfort to be taken from the miserable 2013 Bordeaux vintage – which, by the way, has also been remarkable for the carnival of desperate euphemisms employed by vignerons and wine merchants alike – it is that last autumn’s mists and incessant rain provided perfect conditions for the region’s [...]
Bottom Line: Discount retailers keep surging whatever the economic weather May 11, 2014 IT’S NOT exactly a dramatic rebirth but there are some stirrings of spring in these figures. Unsurprisingly, particularly at a time of year when the national imagination turns to home improvement, UK consumers invested even more this April in their fastest-appreciating assets than they did 12 months before, with DIY spending up 11.9 per cent [...]
4 ways Waitrose plans to use technology to outsmart its rivals May 8, 2014 Britain’s upmarket grocer Waitrose’s is trialling an array of new technology and services at its newly opened Swindon store that it hopes will give it the edge over its rivals and lure more customers through its doors. In a presentation to analysts and media last week, managing director Mark Price said the 40,000 square [...]
Barclays’ Canary Wharf offices rocked by morning bomb scare May 1, 2014 STAFF at banks including Barclays and HSBC were briefly shut in their offices yesterday morning as a suspicious package was investigated in Canary Wharf. An area including the Waitrose supermarket was closed off by police at around 9am when police were called to Barclays’ headquarters, near Churchill Place. Officers sent in a robot to study [...]
Analysts predict price cuts at Sainsbury’s April 29, 2014 Analysts at Deutsche Bank issued a positive note on Sainbury’s today ahead of its full-year results next week, arguing that the supermarket group could be a relative winner in the sector compared to its rivals but warning that it will have to join them in slashing prices to stay ahead of the game. The [...]
City & Gild: How Tesco can make us fall back in love with its brand April 17, 2014 Tesco’s current strategy worries me enormously, especially off the back of a six per cent fall in profits. Chief executive Philip Clarke has confidently explained, “Tesco will be firmly established as a middle-market retailer, which offers low prices and good quality – all under one roof”. My translation of this is essentially, “we’re going to [...]
Let’s get cracking | Six of the best Easter eggs April 15, 2014 Fortnum & Mason’s hand decorated milk chocolate egg Billed as a “work of art in chocolate”, this oval marvel was hand-crafted in England. Available with a pink or blue ribbon, the egg is filled with chocolate treats. £39.95 fortnumandmason.com Harrod’s milk chocolate easter egg with dolly mix The deep groove detailing that runs down the [...]
Gimme 5 April 14, 2014 …STARTUPS CROWDFUNDING THIS MONTH Humble Grape Target: £250,000 for 15 per cent An existing and profitable wine merchant and events company raising funds to take the brand to the high street. Raised £308,000 via Seedrs Expires before 10 June Bikini Fling Target: £120,000 for 16 per cent Swimwear brand that enables customers to mix and [...]