Marks and Spencer’s has said that its like-for-like sales rose by just 0.8% (not counting newly opened stores) during the three months to Boxing Day, well below the predicted 2% rise. While the company’s overall total like-for-like sales grew by 1.2% and food sales rose by 0.4%, share prices fell by 4.25% on the news.
Speaking to the BBC, M &S chairman Sir Stuart Rose said that the company had had a good Christmas, but 2010 would still be a tough year. He added: “2009 was all about getting through the recession” and that, “We have done pretty well in getting ourselves back into positive territory”.
These latest Marks and Spencer’s sales figures come after the John Lewis group posted record sales over the Christmas period. John Lewis reported a like-for-like sales rise of 12.7% for the five weeks up to the 2nd January and a total revenue of £500.8 million. Waitrose Supermarket, who is owned by John Lewis also posted a 20.8% sales rise from the previous year.
Marks and Spencer’s has said that its like-for-like sales rose by just 0.8% (not counting newly opened stores) during the three months to Boxing Day, well below the predicted 2% rise. While the company’s overall total like-for-like sales grew by 1.2% and food sales rose by 0.4%, share prices fell by 4.25% on the news.
Speaking [...]
Many who have won tickets through a lottery to the Michael Jackson Memorial service are trying to sell them through online auctions such as EBay. EBay told the BBC that they would not permit listings of the Jackson Memorial tickets on their site. EBay has stated that they would try to remove any listings as [...]
Marks and Spencer’s has said that its like-for-like sales rose by just 0.8% (not counting newly opened stores) during the three months to Boxing Day, well below the predicted 2% rise. While the company’s overall total like-for-like sales grew by 1.2% and food sales rose by 0.4%, share prices fell by 4.25% on the news.
Speaking [...]
With oil prices steadily rising again, the International Energy Agency (IEA) has warned that this could affect global recovery amidst the global recession. The IEA also warn that the demand for oil may also be affected if price continue to rise into the next year.
Oil prices have risen by 77% in 2009 and is now [...]
General Motors and Cadillac have shown the first pictures of Barack Obama’s presidential limousine. Nicknamed ‘The Beast’, the new armoured Cadillac makes its debut on the 20th of January and will take Barack Obama to the inaugural parade.
The Secret Service has said that the 2009 Cadillac Limousine is a valuable asset for the highest level [...]
Microsoft has announced that it has banned nearly 600,000 people from its Xbox Live service for modifying their consoles to play pirated games. Microsoft stated that modifying an Xbox 360 console to play pirated games violates the services ‘terms and conditions’ and will lead to players being banned.
The statement said, “All consumers should know that [...]
Marks and Spencer’s has said that its like-for-like sales rose by just 0.8% (not counting newly opened stores) during the three months to Boxing Day, well below the predicted 2% rise. While the company’s overall total like-for-like sales grew by 1.2% and food sales rose by 0.4%, share prices fell by 4.25% on the news.
Speaking [...]
A study conducted by computer security firm Sophos has found that criminal gangs are making millions of pounds by selling fake Swine Flu medication to unsuspecting Brits. The Sophos study found that many Brits, who feel that they may not be able to get Tamiflu through the NHS are being redirected to fake online pharmacies [...]
Microsoft has announced that it has banned nearly 600,000 people from its Xbox Live service for modifying their consoles to play pirated games. Microsoft stated that modifying an Xbox 360 console to play pirated games violates the services ‘terms and conditions’ and will lead to players being banned.
The statement said, “All consumers should know that [...]
With oil prices steadily rising again, the International Energy Agency (IEA) has warned that this could affect global recovery amidst the global recession. The IEA also warn that the demand for oil may also be affected if price continue to rise into the next year.
Oil prices have risen by 77% in 2009 and is now [...]
In a move that has surprised a few people, BT has announced that its BT Yahoo! web search will now be provided by Google. Although nothing will change for BT Broadband users, the co-branded Yahoo! and BT initiative which provides Yahoo services to BT users will now be powered by Google.
In a statement from BT [...]
Only last week Michael Schumacher stated that he would be returning to F1 to fill in for injured Massa Ferrari’s 2nd driver.
After undergoing intense testing Michael Schumacher will not be returning to F1 due to a neck injury that happened during a bike accident.
Luca Badoer is now the stand in for Massa and has vowed [...]
This morning Sir Bobby Robson lost his long battle with cancer.
A family statement released this morning said
“”It is with great sadness that it has been announced today that Sir Bobby Robson has lost his long and courageous battle with cancer.”
He sadly passed away peacefully this morning at his home in the north east.
Aged 76, bobby [...]
Michael Schumacher is set for a dramatic Formula 1 return to temporarily replace the injured Felipe Massa.
Massa was injured by a spring on the race track that had fallen from Rubens Barrichello’s Brawn GP car, only minutes earlier.
Earlier this week Schumacher’s agent said he was 200% sure that he wouldn’t be getting back into the [...]
Ronnie Biggs one of the most common names associated with The Great Train Robbery of 1963, appears to be in very ill health.
Biggs aged 79 has suffered a series of strokes which has now left him unable to talk, He is now in hospital drifting in and out of consciousness and isn’t eating or walking. [...]
Sales in UK shop have slowly risen for June by 1.2 %, this is a good rise after a sharp fall in May. This rise was a lot more than expect by economists who predicted a 0.3% rise.
UK shops have brought forward the summer sales in order to entice people to spend a little more [...]