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Malcolm Walker, the head of frozen food chain Iceland, has opened the company’s 800th store, announcing a positive outlook on the state of UK retail.In a week which saw the former CEO of Iceland, Bill Grimsey release a report to counter the Portas Review into the country’s high streets, Mr...
The John Lewis Partnership finished the summer holidays with a mix in trading at both its department store and Waitrose supermarket divisions. With generally hot and sunny weather at the end of the school holidays, John Lewis saw a boost in certain categories such as back to school, but other...
Danish toy maker Lego has overtaken US firm Hasbro to become the second biggest in the world after Mattel. Following a 13% increase in sales in the half year, the company saw its market share rise to 8.8% as slower sales in America and Europe were offset by 35% growth...
Superdry owner Supergroup has been left facing a shareholder rebellion over remuneration for directors, after Pensions & Investment Research Consultants (Pirc) said that the performance conditions of the long-term incentive plan were “not considered sufficiently challenging”.Another point of contention was the bonus paid out to the firm’s chief operating officer...
Korean firm Samsung has announced that its highly anticipated smartwatch, will be on sale from September 25th in a global first beating Apple, Microsoft and Google.Unveiled at the consumer tech show in Berlin, the colour screen watch called the Galaxy Gear will show alerts, make voice calls and run apps....
Owner of PC World and Curry’s Dixons Retail has said that it is to sell off its loss-making online brand Pixmania.In a trading update, the firm said German industrial group Mutares had agreed to buy the company in a deal which will require Dixons to front Eu69 million to support...
The former head of Co-op Bank has told the Treasury Committee that he resigned in 2011 after his repeated warnings against the company’s disastrous bid to buy over 600 branches of Lloyds bank went ignored by the board.Neville Richardson told the group of MPs that the deal was the "right...
Kodak has come back from administration with a new focus which will see it concentrate on selling printing apparatus to companies rather than personal photography equipment.The group’s film business, including 105,000 photo kiosks around the world, souvenir photos at amusement parks and photographic paper is under the ownership of its...
Airline Ryanair has warned that profits may miss forecasts for the year thanks to a dip in ticket prices and booking levels. Competition from carriers in UK, Scandinavia, Spain and the Irish Republic also contributed to the announcement that profits may miss or be at the lower end of its...
Home Retail Group’s chief executive Terry Duddy has announced that he is to step down from the company by July next year.The company said that it was appointing chairman John Coombe to conduct a search for an appropriate candidate both from within the company and external candidates.In a statement, Terry...
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