All articles by Jennifer Creevy – Page 53
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NewsAsda Income Tracker: average UK family £7 a week worse off in June
The average UK family was £7 a week worse off in June compared to the same time last year, according to the Asda Income Tracker.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsTesco and Asda market share slips during World Cup
Tesco and Asda’s market share slipped during the World Cup, despite aggressive promotions and an increase in sales growth since June.
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NewsSome FSA responsibilities handed to Defra and DoH
Some of the Food Standards Agency (FSA) responsibilities will be transferred to the Department of Health (DoH) and the Department of Food, Environment and Rural Affairs (Defra), the Government has confirmed.
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NewsOcado secures 80% of orders for IPO shares
Ocado is understood to have secured orders for about 80% of the shares it is seeking to sell in its flotation.
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NewsDebenhams completes refinancing
Debenhams has confirmed that it has completed the refinancing of its borrowing facilities, with the signing of a new £650m credit facility.
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AnalysisTim Steiner
Dismissed by some, Ocado aims to make a big splash with its IPO. As its founder sets out to sell his dream to investors, Jennifer Creevy finds out more about the man behind Ocado
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NewsSainsbury’s director to champion women
Sainsbury’s new customer service and colleague director, Gwyn Burr, is aiming for 20% of its store managers to be female by next year.
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NewsThorntons like-for-likes slump 6%
Thorntons has reported like-for-like sales are down 6% in its fourth quarter, which it said in part is due to higher than anticipated discounting of excess stock which it has now cleared.
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NewsThe Body Shop first half like-for-likes up 0.2%
The Body Shop has reported like-for-like sales up 0.2% in the first half of 2010, but slipped in the second quarter 0.1%.
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NewsHotel Chocolat raises £3.7m in chocolate bonds
Hotel Chocolat has raised £3.7m via its first Chocolate Bond offer, just shy of the £5m it originally targeted.
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NewsIdeal Shopping up for sale
Ideal Shopping Direct has confirmed that it is to undertake a review of its options, which could include a sale of the company.
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NewsBest Buy facing trademark claims
US electricals giant Best Buy is facing claims that it does not control its trading name in Europe.
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NewsOcado hits out against funding fear claims
Ocado advisers have hit out against suggestions that the etailer is facing funding problems.
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NewsSainsbury's sets out tree pledge
Sainsbury’s has set itself the task of planting two million trees over the next five years, as it unveiled its 2010 corporate responsibility report.
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NewsOcado valued at 128p a share by independent analysis
Independent analysis by broker Collins Stewart values etailer Ocado at just 128p per share – 46% below the mid-point it has outlined in its IPO prospectus.
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NewsTesco eyes West End for standalone F&F fashion shop
Grocery giant Tesco is looking for a standalone store for its clothing brand F&F in central London.
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NewsSuperdrug plans new focus on own brand
Superdrug is to push its own-brand and exclusive ranges after reporting it has reduced its losses in its full-year accounts to December 26, 2009.
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NewsFragrance Shop on better footing as new management drives sales
The Fragrance Shop has reported EBITDA of £5.1m and like-for-like sales up 9.2% in the year to March 10 as cost savings across the business led to a stronger year for the speciality chain.