Video: Here’s what Dave Lewis has to say about Tesco’s massive £6.4bn loss April 22, 2015 Tesco chief Dave Lewis has said he is not happy with the "significant" numbers in today's full-year results in which the supermarket reported record losses of £6.38bn. In a video discussing the latest figures alongside finance chief Alan Stewart, created by Tesco, when asked what's gone wrong, Lewis said the numbers were " significant" and [...]
Burberry boss Christopher Bailey hails new supermodel James Corden – in pictures April 21, 2015 James Corden graced the catwalk as part of fashion brand Burberry's London in Los Angeles event last week, prompting the retailer's somewhat reclusive boss Christopher Bailey to quip: “Fashion has a new icon and his name is Corden.” The British film and TV star was performing a sketch for his CBS “The Late Late Show [...]
British trader Navinder Singh Sarao arrested and charged over 2010 “flash crash” April 21, 2015 A British trader has been arrested for his alleged role in causing the May 2010 "flash crash" which wiped billions off the value of US stocks and caused indexes to plunge. Navinder Singh Sarao has been charged by the US Commodity Futures Trading Commission (CFTC) with manipulating the markets and making $40m (26.7m) in the [...]
General Election 2015: Bookie claims Ed Miliband will (still) be in Number 10 when Hillary Clinton becomes US President April 21, 2015 This bookie is offering odds of 1/1 for Hillary Clinton to be US President. Not only that, Betway definitely expects Ed Miliband to be in 10 Downing Street when she is inaugurated, offering 3/1 odds that he'll be Prime Minister when she's sworn in on January 20, 2017 – despite fears that a hung parliament [...]
David Cameron: Labour-SNP is a match made in hell April 20, 2015 A Labour-SNP alliance would be “a match made in hell” for the UK economy, Prime Minister David Cameron said yesterday. In a speech at a train factory in Crewe, Cameron said Labour leader Ed Miliband would bring the economy “to a grinding halt” if he did a deal with Scottish first minister Nicola Sturgeon. “Make [...]
Chuka Umunna says corporate boardrooms need more diversity April 20, 2015 Chuka Umunna would aim for Britain’s boardrooms to have at least 14 per cent BME members if Labour win the General Election, “We have got to go further and look at not just gender diversity but ethnic diversity in British business leadership,” the shadow business secretary told the Evening Standard yesterday. Over half of the UK’s [...]
Tesco set to report record loss. Is new boss Dave Lewis the man to lead a turnaround? April 20, 2015 Dave Lewis arrived at Tesco with the nickname “Drastic Dave” – earned after he streamlined Unilever UK in 2007, cutting 40 per cent of costs and 300 jobs. When he took up the role of Tesco chief executive in September he had every reason to live up to that moniker. Facing a £263m accounting error, [...]
General Election 2015: Ed Miliband gives me the heebie jeebies, Nigel Farage models himself on Boycie and Nicola Sturgeon has “thin lips” – here are the best reactions to the party manifesto launches April 20, 2015 Voters have had some interesting reactions to the manifesto launches of the last week – and not in the way you might expect. They collectively had only “the haziest recollection” of the details – despite them dominating the news all week. As part of the weekly poll update for Ashcroft National Polls, they had [...]
Elon Musk was on the verge of selling Tesla to Google for $11bn and even “shook” on a deal with Larry Page April 20, 2015 The millionaire magnate behind the world's best-known electric carmaker was on the verge of selling his company to Google as it failed to turn a profit. Elon Musk's Tesla was about to fall into bankruptcy and the founder had begun negotiating with Google on a deal for the firm, according to a new book on [...]
Neil Woodford’s new fund oversubscribed by 10pc – despite the team already increasing the size by £300m April 20, 2015 Neil Woodford's latest investment trust has been oversubscribed – having alread been nearly doubled from its initial figure. The Woodford Patient Capital Trust invests in early stage and early growth companies, along with a mix of blue chip stocks. Initially the team had decided the size of the closed-ended fund would be set at [...]
