Hints and tips:
...B&M, which has been chaired by former Tesco chief executive Sir Terry Leahy since December 2012, said on Wednesday that its management was “confident” that the group would “meet market expectations” for...
...Poundland has also spent £10m more on capital expenditure than it initially proposed, added Mr Pritchard....
...Analysts believe this is necessary after the series of departures over the past three years, including all of the top team who worked with Sir Terry Leahy to build Tesco....
...Jonathan Pritchard, analyst at Oriel Securities, says one of the problems facing the new chief executive is that there will be little appetite to take big box stores off of his hands....
...In the case of Tesco, they include data from its Clubcard customer loyalty scheme that former chief executive Sir Terry Leahy describes as “priceless”....
...It’s not party time, but people are recovering in confidence,” said Sir Terry Leahy, outgoing chief executive of Tesco....
...Keeping executives informed about the state of the business, or allowing remote staff to seek or give approvals, is likely to be more important than pushing out whole applications, suggests Terry Stepien...
...The US, meanwhile, was “the fly in the ointment”, wrote Jonathan Pritchard at Oriel Securities, with losses running to £165m for the year....
...Terry Pritchard of Charterhouse, the mortgage broker, says there have been some “marked movements” at the top end of the buy-to-let market over the past three weeks....
...“He is the first retailer in months not to warn on conditions,” said Jonathan Pritchard, analyst at Oriel Securities. Tesco shares rose 6.3 per cent to 463p....
...“This is the most benign environment I have seen in 13 years,” says Jonathan Pritchard, analyst at Oriel Securities....
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