Hints and tips:
...Tiger Global and its fellow “cubs” — including Philippe Laffont’s Coatue Management, Glen Kacher’s Light Street Capital and Andreas Halvorsen’s Viking — have been hit by “brutal” sell-offs in technology...
...Mr Potts said he was optimistic going into the “golden quarter” of Christmas....
...David Potts, chief executive, is to drop the price matching in favour of a loyalty card that allocates points based on how much is spent in stores....
...Last week David Potts, chief executive of Morrison, said the supermarket might expand its nascent online business outside its £200m contract with Ocado, paving the way for possible changes to the deal struck...
...“Improving the shopping trip for customers, and making the core supermarkets strong again will be the cornerstone of the renewal of Morrison,” said Mr Potts....
...It will be among the first major decision made by chief executive David Potts, the former Tesco executive who took the reins in February....
...Morrison said it would close a further 11 supermarkets, and would take an additional £87m charge related to onerous property leases, writes the FT’s Andrea Felsted....
...David Potts, chief executive of Wm Morrison, said the cost of the living wage to Britain’s fourth biggest supermarket chain by market share would be “in the tens of millions — not single millions”....
...It was the only one of the big four to register positive sales growth, indicating that some measures put in place by Mr Potts were paying off....
...To support this initiative, Mr Potts said Morrison needed a “simpler, faster and cost-conscious head office and that requires some tough but necessary decisions.”...
...Mr Potts said: “Customers and Morrisons are a great combination to serve. This is a great British business with real potential.”...
...Despite the pay protest, Sir Ken Morrison, who ran the company for 50 years, said he backed Mr Potts and Mr Higginson, and urged shareholders to give them time to turn round the company....
...David Potts began his retail career at 14 working part-time in a Manchester greengrocer....
...Mr Potts began his retail career as a shelf-stacker in Tesco aged 16, and worked his way through the ranks to run the company’s stores in the UK....
...Since becoming chief executive, Mr Potts has concentrated on making practical changes to the store environment....
...People close to the situation said that although the departure was by “mutual consent,” it had been driven by the arrival of Mr Potts in mid-March....
...The more conservative dividend policy will provide new chairman Andrew Higginson, and former Tesco executive David Potts, named as the new chief executive last week, with more flexibility to continue Morrison...
...David Potts, another former Tesco director, is widely regarded as the frontrunner for the Morrison’s job....
...David Potts: David Potts — along with incoming Morrison chairman Andrew Higginson — was one of the cadre of Tesco executives who ran Britain’s biggest retailer under former chief executive Sir Terry Leahy...
...Mr Philips said he would cut prices, but this failed to win back shoppers and Morrison parted company with him in January, appointing David Potts as its new chief executive last month....
...Analysts said potential candidates included David Potts, the former retail director of Tesco, and Ian McLeod, the Coles Wesfarmers executive, although he has been linked to another role outside of the UK...
...City investors and analysts will also be keen on any update on the relationship with Wm Morrison after David Potts succeeded Dalton Philips as chief executive earlier this year....
...Andreas Pott, the EMA’s deputy executive director, has taken over from Mr Rasi while the commission and the EMA take legal advice to decide their next steps....
...Long-serving former directors David Potts or Richard Brasher, pictured, could be parachuted in to help reinvigorate the UK, while Tim Mason, the man who made Clubcard work in the 1990s, could help reconnect...
...Tesco has parted ways with a cadre of top executives since Mr Clarke became chief executive in March 2011, including Andrew Higginson, a former finance director and latterly head of the Tesco Bank; David Potts...
International Edition