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FT.com - Consumer Industries

FT.com - Consumer Industries

Dec 05, 2008 Profits at Marston's down by a fifth
The pub group and brewer blamed a slowing economy, the smoking ban and poor summer weather for a 20 per cent drop in profits but said drinkers' growing preference for beer instead of lager helped its brewing operation
Dec 05, 2008 Goldman rejects Panasonic's offer for Sanyo
The US investment banker refuses the Japanese electronics group's increased offer of Y130 a share for its smaller rival, where the bank owns preference shares, adding another setback to the merger bid
Dec 05, 2008 Tate appoints Lodge as full FD
Tate & Lyle has appointed Tim Lodge as finance director with immediate effect. He had been acting finance director since September when John Nicholas left "by mutual...
Dec 04, 2008 Philips
The picture painted on Thursday by the Dutch electronics group as it cut its trading outlook was grim enough to make even the most grizzled investors blanch
Dec 04, 2008 Virgin exposed by collapse of Woolies
Sir Richard Branson's Virgin Group is the latest company to be caught up in the collapse of Woolworths and is looking to avoid liabilities of up to £100m
Dec 04, 2008 Sainsbury buys power from generator
The food retailer signs a deal with A7 Lochhead, a small wind farm developer backed by Ventus, a venture capital fund managed by Climate Change Capital
Dec 04, 2008 MGA hit by order to take Bratz dolls off shelves
Bratz dolls, the multi-ethnic and urban-styled rivals to Mattel's more demure Barbie, have been ordered off the shelves of toy stores across America in a potential knock-out legal blow to their maker, MGA Entertainment.
Dec 04, 2008 Morrison steals a march on rival Tesco
The supermarket group is buying 38 stores from Co-op for £320m as it reported an 8% rise in third quarter like-for-like sales, beating larger rivals like Tesco
Dec 04, 2008 US retailers suffer worst month this decade
US retailers experienced their worst month this decade in November, as stores such as Macy's, Gap and Abercrombie & Fitch reported double-digit falls in comparable store sales amid the economic gloom
Dec 04, 2008 Philips warns of speed and depth of recession
The Dutch electronics conglomerate warned that the global economy was declining much faster and deeper than expected, as it abandoned profitability targets for 2010 and indicated that it anticipated a net loss in the fourth quarter
Dec 04, 2008 JJB fails to halt share price slide
Shares in the sports retailer continued to fall on Thursday as the group said it was in 'constructive' talks with banks about a £20m loan due at the end of the month
Dec 04, 2008 Shops' festive discount reins in inflation
Pessimism about consumer spending has driven many UK high street stores to cut prices in an attempt to pull in cash before Christmas, rapidly reducing inflation
Dec 04, 2008 Overnight trips fall amid tourism gloom
The Tourism Alliance says the decline will continue into 2009 and wants the UK government to take action to support the ailing industry in areas such as employment regulation and tipping
Dec 04, 2008 Hilco appointed to operate The Pier
The collapse of the Icelandic-owned furniture chain is the latest example of retailers struggling in the consumer downturn and attracting interest from distressed investors
Dec 03, 2008 Discounts drive 15% sales jump on 'Cyber Monday'
US online retailers saw an annualised 15 per cent jump in sales on the Monday following the Thanksgiving weekend, according to early estimates, as aggressive bargains boosted traffic on the day the industry has dubbed 'Cyber Monday'
Dec 03, 2008 Outlook dims for glittering malls
Retailers expect the footfall in stores to remain relatively robust, but do not know if sales will keep pace
Dec 03, 2008 O'Reilly poised to dilute Waterford holding
The Irish businessman's decision is an attempt to save the tableware company from collapse under the terms of a refinancing deal being discussed with US investors
Dec 03, 2008 Ashley's JJB stake comes under OFT probe
The competition watchdog says it will investigate whether Sport Direct's stake gives it 'material influence' over its smaller rival, a move that may have broad implications for the market
Dec 03, 2008 Zavvi hurt by Woolies collapse
The music and DVD seller, formerly a Virgin Megastores business, shut down its website after stock shortages caused by the demise of one of the UK's biggest retailers
Dec 03, 2008 UK studios heading off the console
Britain's games industry is forecast to fall in rankings next year from third to fifth as the number of people it employs passes its peak. Canada and South Korea are seen to overtake