Wednesday newspaper round-up: Interest rates, Egg, BP
4th Aug 2010 06:34
Interest rates may have to rise far more sharply than households and markets expect as the Bank of England moves to head off inflation risks, the former deputy governor said yesterday, the Times reports. Sir John Gieve told a City of London audience that solid economic growth could prompt the Bank
Read moreBangladesh Workers' Wage Protest Enters Fourth Day
2nd Aug 2010 11:32
DHAKA, Bangladesh (AFP)--Bangladesh garment workers blocked roads and attacked factories Monday as protests over a new minimum wage spilled into a fourth day. About 10,000 workers in Fatullah, south of the capital, Dhaka, pelted police with rocks as they demanded a minimum monthly wage of BDT5,0
Read moreBangladesh Police, Garment Workers Clash For Second Day
31st Jul 2010 10:03
DHAKA (AFP)--Bangladeshi police fired rubber bullets Saturday in a bid to subdue garment workers who rioted for a second day in protest against low pay as unrest spread to areas outside Dhaka, police said. Workers fought pitched street battles with riot police in the manufacturing hub of Ashulia
Read moreTesco, Casino Eye Carrefour's SE Asian Assets -FT
30th Jul 2010 19:36
DOW JONES NEWSWIRES U.K. retailer Tesco PLC (TSCO.LN) and French supermarket group Casino Guichard-Perrachon ey Cie SA (CO.FR) are showing interest in acquiring the southeast Asian assets of French hypermarket Carrefour SA (CA.FR), the Financial Times reported Friday on its website. Tesco
Read moreMARKET TALK: UK High Street Spending Shows Strength - Capital
27th Jul 2010 11:24
1024 GMT [Dow Jones] July's UK CBI distributive trades survey suggests High Street spending is roaring away, says Capital Economics, with the reported sales balance leaping to +33, its highest level in three years, from -5. CE says the underlying picture is probably a bit weaker than this and it is
Read moreLloyds In Talks To Sell GBP140M Of Retail Assets - Report
25th Jul 2010 14:14
LONDON (Dow Jones)--Lloyds Banking Group PLC (LLOY.LN) is in talks to sell GBP140 million of retail assets, the Mail on Sunday reports, without citing sources. It adds that Legal & General Property may buy the assets, but says other parties have also held talks over the assets sale. The 'LXB
Read moreAsda Ends Below-Cost Alcohol Sales
22nd Jul 2010 15:05
LONDON (Dow Jones)--Wal-Mart Stores Inc.'s (WMT) U.K. grocer Asda Group Ltd. Thursday said it has made an official commitment to the British government not to sell alcohol below the cost of duty plus value-added-tax. "I see this as a small but important first step in the process towards creating
Read moreTesco UK Grocery Market Share Falls To 30.7% For 12 Wks-Kantar
20th Jul 2010 14:19
LONDON (Dow Jones)--Tesco PLC's (TSCO.LN) U.K. grocery market share fell slightly to 30.7% in the 12 weeks ended July 11, according to Kantar Worldpanel market share data Tuesday. Tesco, the U.K.'s biggest retailer by sales, saw its market share fall from 30.8% for the same period last year.
Read moreDairy Crest Key Brands Sales Up 3% In 1Q; Plans To Cut Debt
20th Jul 2010 08:02
LONDON (Dow Jones)--U.K. dairy company Dairy Crest Group PLC (DCG.LN) Tuesday said first-quarter sales of its five core brands have increased 3% from a year earlier and it expects to make a "meaningful reduction" to its year-end debt. Dairy Crest, which makes Cathedral City cheese, Country Life
Read moreOcado Faces Down Ghosts Of The Past In Its Bid To Go Public
15th Jul 2010 11:05
By Barbara Kollmeyer Of MARKETWATCH Ten years after the highly publicized failure of U.S. online grocery delivery service Webvan, Britain's Ocado is gearing up for its own stock market debut, but facing ghosts of the past as well as accusations the price tag is too high. Its U.S. predece
Read moreINTERVIEW: Lonrho Eyes Expansion, Readies Main Market Return
15th Jul 2010 06:30
This story was originally published Wednesday By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Africa-focused conglomerate Lonrho PLC (LONR.LN) Tuesday said it has big plans to expand its ports, airline and farming businesses in the years ahead, as it prepares for a return to t
Read moreINTERVIEW: Lonrho Eyes Expansion, Readies Main Market Return
14th Jul 2010 17:10
By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Africa-focused conglomerate Lonrho PLC (LONR.LN) Tuesday said it has big plans to expand its ports, airline and farming businesses in the years ahead, as it prepares for a return to the main market of the London Stock Exchange.
Read moreOcado Seeks To Scare Away Ghosts Of Webvan In Bid To Go Public
14th Jul 2010 00:52
By Barbara Kollmeyer Nearly 10 years ago after the highly publicized failure of U.S. online grocery delivery service Webvan, the United Kingdom's Ocado Ltd. is gearing up for its own stock market debut, facing ghosts of the past as well as accusations the price tag is too high. Its U.S. pr
Read more3rd UPDATE: Burberry Year Starts Strongly As Sales Rise 27%
13th Jul 2010 13:16
(Adds CFO, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday reported a strong start to its fiscal year with a 27% rise in first-quarter sales and said it expects to remain unaffected by projec
Read more2nd UPDATE: Burberry Year Starts Strongly As Sales Rise 27%
13th Jul 2010 09:48
(Rewrites. Adds CFO analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday reported a strong start to its fiscal year with a 27% rise in first-quarter sales and said it expects to remain unaffected
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