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...“I can write my own narrative as I’m playing.”...
...Good afternoon, Every M&A banker will tell you that their business is about confidence. (Come to think of it, I’ve never met an M&A banker who was short of the stuff....
...“Personally, over time, I’m sure we’re going to see a new name for the CBI,” she told the Financial Times in May....
...Bailey, who joined from J Sainsbury a few months into the pandemic, acknowledged he must work with what he has....
...That manky rucksack won’t cut it, I’m afraid. Try John Lewis, Asos or Whistles for smart options. Plan outfits to cover five days (if you’re full time) and rotate. Be presentable....
...John Lewis Partnership is an outlier in that it has capped executive pay at no more than 75 times the annual salary of a shop-floor worker....
...M&S and John Lewis have adopted a different strategy. Both use HSBC to offer private label services with a focus on credit cards, insurance and investment products rather than mortgages and lending....
...When it comes to peaches I’m with Samuel Johnson, who was said by his close friend Mrs Thrale to eat seven or eight large peaches “of a morning before breakfast began”, then more after dinner....
...Even when the financial crisis hit, John Lewis initially promised “no job cuts”. It sponsored the London Olympics and overtook M&S in sales....
...He was on the J Sainsbury team for its proposed merger with Asda, which was blocked in 2019 by the competition watchdog....
...Others, like myself, will instead be tuning in for a nostalgic halftime show performance featuring 90s hip hop stars Dr Dre and Mary J Blige....
...(Nikkei Asia) News round-up Analysts say CME-Cboe deal ‘still possible’ after proposal is denied (FT) Joaquin Duato to take over as J&J boss from Alex Gorsky in January (FT) Lloyds Bank aims to be giant...
...Former J Sainsbury executive James Bailey now runs Waitrose while John Lewis is headed by former Co-op executive Pippa Wicks....
...Foundation, London, UK Adam Tooze European Institute, Columbia University, New York, NY, US Stephanie Kelton Professor of Economics and Public Policy, Stony Brook University, New York, NY, US Simon Wren-Lewis...
...It prompted retailers including J Sainsbury, Aldi, Asda, B&M and Wm Morrison — which have all benefited from a year-long business rates holiday announced in March — to follow suit....
...I’m glad I overcame that irrational prejudice for Small Pleasures by Clare Chambers (Weidenfeld & Nicolson, £19.99), another story of lives that appear to have hit the buffers....
...Though Tesco shares dipped 1.6 per cent on the announcement, Sainsbury’s stock sold off by 3.9 per cent, while B&M Europe, saw its shares dip 2.4 per cent....
...When Woolworths went bust in 2008 its 800 stores, mostly single units on high streets, were taken over relatively quickly by budget retailers such as Poundland, B&M, Home Bargains and Iceland....
...Both M&S and John Lewis — considered bellwethers for middle England shoppers — reported disappointing sales declines in their non-food operations....
...John Lewis Partnership will name James Bailey, a former executive at J Sainsbury, head of the Waitrose supermarket chain as part of a broader reorganisation of management roles at the employee-owned business...
...“I’m working seven days a week just to help out.”...
...Tesco’s new chief, Ken Murphy, will replace Dave Lewis in October. BP, J Sainsbury, RBS, HSBC and Pearson have replaced top execs recently or announced plans to do so....
...Two proxy advisory services, ISS and Glass Lewis, recommended unit holders vote against both proposed deals but they appear to have been largely ignored....
...Andy Evans works in the rather smart wine department of John Lewis on London’s Oxford Street, a department store that virtually defines middle England....
...J Sainsbury pays about £500m a year in business rates on its shops. Tesco’s bill for its supermarkets is close to £650m....
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