Pandora sales sparkle as Danish jeweller charms UK shoppers November 10, 2015 Danish jewellery brand Pandora has posted a 50.5 per cent jump in UK sales in the third quarter, after its rings, necklaces and charm bracelets flew off the shelves. The listed company, which has opened 179 stores in the UK over the last seven years, said like-for-like sales increased by 17.5 per cent compared to [...]
Poundworld secures £50m loan from Santander to fund its expansion November 10, 2015 Poundworld has secured a £50m loan from its banks to help fund its expansion, just months after private equity firm TPG snapped up a majority stake in the bargain chain. The value retailer said the five-year loan provided by Santander Corporate Bank will help the group meet its target of opening 60 new stores a year across the UK on top of [...]
German Microsoft HQ evacuated after bomb threat November 10, 2015 Almost 2,000 Employees have been evacuated from Microsoft's headquarters in Germany following a bomb threat. The alarm went off after the technology company's Munich office received a “threatening call” shortly after midday local time (11:06 GMT). Police used sniffer dogs to search for explosives at the site, but have since said they believe it was [...]
Vodafone chief exec Vittorio Colao clashes with BT over “re-monopolisation” of telecoms market November 10, 2015 Vodafone’s chief exec Vittorio Colao has gone head to head with BT, lashing out at the upcoming BT-EE merger, which he attacks as the “re-monopolisation” of the telecoms market. “We see attempts to re-monopolise European markets, and that isn’t good,” said Colao. His attack follows the by the Competition and Markets Authority's (CMA) provisional approval of the £12.5bn [...]
New Look on trend and first half sales jump November 10, 2015 New Look has hailed a jump in first half sales and profits, as the fast fashion chain stepped up its expansion in China and launched its first standalone menswear stores in the UK. The retailer, which was snapped up by South African retail mogul Christo Wiese in June, said sales at stores open more than [...]
Valeant chief executive Michael Pearson feels “very good” about next year amid pricing turmoil November 10, 2015 Despite mounting allegations against Valeant over its drug pricing, chief executive Michael Pearson feels “very good” about 2016. In a call with investors today, he said that while the Canadian drug company's dermatology unit will experience “significant impact” from the termination of its contract with pharmacy group Philidor, it will soon begin “regaining momentum”. I don't [...]
Tullow Oil’s share price is now losing ground after gains yesterday November 10, 2015 After having rallied as much as 17 per cent in Monday's trading, Tullow Oil's share price is today one of the biggest losers on the FTSE 250. In late morning trading Tullow Oil was trading 5.13 per cent down at 216.40p. Yesterday Tullow Oil's share price reached 258.55p per share. Read more: Tullow Oil's share price [...]
EU referendum: UBS chairman Axel Weber says Brexit wouldn’t undermine the City November 10, 2015 UBS chairman Axel Weber dismissed concerns about Britain leaving the European Union this morning, saying that a so-called Brexit was unlikely to be a big blow to London’s status as a leading financial hub. “I don’t think it would completely undermine the financial sector of London," Weber said, adding that he thought a Britain outside the European Union would be able to [...]
National Grid moves to assure over power crunch this winter November 10, 2015 National Grid has sought to assure British households that it will be able to keep the lights on this winter. The company's chief executive Steven Holliday said that historically, between 2003-2008, it issued around seven alerts a year. "We have got used to a lower amount, but if we went back to those levels it is not necessarily something [...]
Moody’s and S&P cut credit ratings for AstraZeneca November 10, 2015 Moody's and S&P both lowered their credit ratings for AstraZeneca today, highlighting the company's plight as it tries to tackle a number of looming patent expirations. S&P cut its rating from "A+" to "A", while Moody's lowered its rating from "stable" to "negative". The former said it did not expect a significant recovery in profits [...]
