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Sir Tom Hunter’s West Coast Capital set to make Canadian acquisition Monday, 13th May 2013
Sir Tom Hunter’s West Coast Capital business is reportedly on the verge of a sizeable acquisition in Canada. According to Scotsman, eCommera, an electronic commerce platform WCC holds investments in, is said to be involved in talks to buy a business in the same sector based in Toronto. Although little detail is known about the deal, it’s thought the price will be in multiple millions.
Rise in footfall by 19.2% during the warmest weekend of the year Thursday, 9th May 2013
Over the Bank Holiday weekend the rise in footfall ran a spend of over £220m, according to New West End Company and Heart of London Business Alliance that represent over 1,000 businesses in London's retail heartland.
LK Bennett bags 15% growth in full year turnover Monday, 14th January 2013
High-end womenswear brand LK Bennett has reported a 15 per cent rise in full-year turnover, driven by a boost in sales online and internationally. LK Bennett, whose shoes are a well-known favourite with the Duchess of Cambridge, said around half of its sales came from shoes, the rest derived from clothing, bags and accessories.
‘Alarm bells ringing’ as shop vacancy reaches new high Monday, 19th November 2012
With more than one in 10 shops in the UK’s town centres empty for October, the British Retail Consortium (BRC) has warned the situation is likely to get worse, calling for a rate freeze for the year ahead. The trade association’s latest survey shows a national vacancy rate in high streets and shopping centres of 11.3 per cent, a 0.4 per cent rise from the month before and the highest the BRC has recorded with information group Springboard since it began compiling data in July 2011.
Carphone Warehouse to consider Best Buy buy-out? Thursday, 15th November 2012
After revealing a 1.6 per cent rise in like-for-like first half sales at its core European unit on Wednesday, it’s now thought the group could buy US retailer Best Buy out of their joint venture in Europe, in a deal which would put it in line for a return of up to £550 million.
It’s a ‘mini-miracle’: British firms plan to add staff in next 12 months Monday, 29th October 2012
Having emerged from a nine month recession by the skin of its teeth, the UK’s economy could be in for another boost, as research shows British firms plan to hire more staff in the next 12 months. Business lobby CBI surveyed 300 firms, with over 1.4 million employees between them, and found 35 per cent of employers expected staffing levels to rise in the next 12 months, while just 15 per cent saw them shrinking.
John Lewis sales growth stalls Friday, 26th October 2012
John Lewis prepares for the onset of colder weather. Sales growth for Britain’s biggest department store group fell for the third week in a row last week, as tough comparables from the year before proved hard to beat. John Lewis on Friday said department store sales rose 7.0 per cent to £69.4 million in the week to 20 October.
Waitrose boss: “It’s time to stop knocking business” Tuesday, 9th October 2012
Mark Price, managing director of Waitrose yesterday spoke out on the “anti-business rhetoric” a number of politicians had adopted. Speaking at the Conservative Party Conference in Birmingham yesterday, Price told Michael Fallon, the new business minister, that politicians should “stop knocking business”, and instead back employers to help generate jobs and tax revenue.
Scottish retailers offered ‘fresh start’ with empty shop incentive Wednesday, 26th September 2012
Scottish firms taking on empty commercial properties could be in line for a 50 per cent discount on their business rates under a new initiative from the Scottish government. Ministers claim the rates discount would “give empty properties a fresh start”, with new occupants of shops or offices that have been empty for at least a year able to apply for a 50 per cent discount on their business rates for 12 months.
Asda cuts fuel prices as income tracker sees rise in family spending Tuesday, 25th September 2012
Asda on Monday announced it would cut up to 3p off the price of both its unleaded and diesel fuel. From this morning, drivers filling up at any of the supermarket’s 203 forecourts will benefit from the ‘price-cap’ put in place by the retailer, which guarantees motorists will pay no more than 135.7 pence per litre for unleaded and 139.7 pence per litre for diesel, regardless of where they live.