Tesco share price wobbles ahead of results: Here’s how the last four weeks unfolded after that profit overstatement

first_img Lynsey Barber Tesco share price wobbles ahead of results: Here’s how the last four weeks unfolded after that profit overstatement Tesco’s share price opened slightly higher this morning but then dipped 1.3 per cent after a two day rally.It’s a slight waiver after the supermarket made steady gains this week, with a 2.7 per cent rise on Monday and 3.5 per cent on Tuesday. It signals a positive start to the week in which the supermarket is due to report its latest results and update investors on the investigation into a profit overstatement which rocked the City almost a month ago.This week’s rise follows news that Tesco is understood to have  found evidence of “inappropriate behaviour” by staff is to blame rather than serious accounting errors, in addition to reports that the overstatement could be less than the £250m fist thought.This has eased investor worries somewhat as to just how widespread the issue is.Amid the retailer’s suspension of senior executives, big name investors selling off their stakes and the sell-off of its private jet fleet, Tesco shares stand at 22 per cent down on the close prior to the announcement of its estimated £250m profit black hole.In a roller coaster four weeks for the supermarket giant, here’s a recap of how things unfolded… and the ride may not be over yet. whatsapp Share Show Comments ▼ whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matterszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution Wednesday 22 October 2014 9:39 am Tags: NULLlast_img read more

Nine All Blacks stats that will terrify England more than the haka

first_img(Source: YouTube)At six foot, three inches and 17 stone, England centre Kyle Eastmond is going to have his work cut out tomorrow.8. Even their reserves are pretty special…Yet even beyond the XV selected to start on Saturday, the All Blacks’ side is packed to the brim with talent. No. IRB Player of the Year wins | Create Infographics4. But as impressive as their past may be, the All Blacks’ present could be even better…Since lifting the World Cup in 2011, Richie McCaw’s men have a jaw-dropping win percentage of 92.3 per cent. 39 games have brought 35 wins, two draws and two losses. Joe Hall 6. And the All Blacks’ most lethal players are playing against England…The seven backs selected by coach Steve Hansen for the match at Twickenham have collectively scored more tries since the World Cup than England as a team put together. New Zealand’s blockbuster centre (Williams has won the country’s boxing heavyweight belt as well as playing in both codes of rugby) scored two tries in the All Blacks’ 74 – 6 demolition of the USA in Chicago last week. He now has a record of eight tries in 20 international matches. Whatever happens, it’s going to be quite a spectacle. Tags: Trading Archive Show Comments ▼ As Stuart Lancaster’s men gear up for the first of their autumn internationals this year, they may want to look away from these incredible All Blacks stats. Players from New Zealand have been nominated for the award 20 times since 2001. England has received six nominations.  whatsapp Friday 7 November 2014 2:35 pm The current All Black crop have acquired a taste for silverware since that World Cup triumph on home soil, having won three consecutive Rugby Championships and three consecutive Bledisloe Cups. The only other side to beat them since the 2011 World Cup? You probably don’t need reminding it was Stuart Lancaster’s England who proved with a rambunctious performance in December 2012 that if you can unsettle the All Blacks early on, they can be thrown off their usual swaggering style. So that’s it then? England should just pack up and go home? Of course not. The All Blacks can and have been beaten. South Africa did so just four weeks ago.  He’s pretty good at stopping tries too: (England’s fate? Source: youtube.com/user/officialRFUTV) At an average of 27 games per player, Aaron Smith, Aaron Cruden, Sonny Bill Williams, Conrad Smith, Julian Savea, Ben Smith and Israel Dagg have scored 74 tries between them. The All Blacks will arrive at Twickenham tomorrow surrounded in more mystique and hype than ever before. The black shirts with the silver fern have always been met with respect around the world – but this current New Zealand side may be the most fearsome ever.center_img Take Beauden Barrett for example. The 23-year-old is arguably Hansen’s third choice fly-half behind Aaron Cruden and the legendary Carter, yet in any other team in the world he’d surely be further up the pecking order. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Barrett was the second highest points scorer in the Super Rugby domestic competition last season. The speedy no. 10, who can also play at inside centre, scored some impressive tries along the way to his 209 points. McCaw is the third-most capped rugby union player of all time with 134 caps, while hooker Keven Mealamu on the All Blacks’ bench is fifth. (Source: YouTube)9. Experience…Alongside emerging talent such as Barrett, the All Blacks have a wealth of experience to add nouse to their game. If it’s any modicum of comfort for England; Argentina, Scotland and Ireland have never once been able to get the better of the Kiwis. 3. The world’s best players officially come from the small island at the foot of the pacific… Since the International Rugby Board first began its Player of the Year award, six winners from 13 have come from New Zealand. Two-time winner Dan Carter will be missing from the All Blacks this weekend, but captain Richie McCaw – who has won the award three times – will be present, as will current holder Kieran Read. With 1271 points amassed over 39 games, the current All Blacks side average 32.9 points per game. In their 30 games since the World Cup, England have an average of 24 points per game. In 30 games, England have scored 64.7. Sonny Bill Williams…One of those players, Sonny Bill Williams, has only just returned from a two year hiatus playing rugby league in Australia. Yet already he looks back at home in the black jersey. The All Blacks’ starting XV on Saturday has 759 caps between them, compared to England’s 359. It’s going to be a baptism of fire for England debutant Semesa Rokoduguni. Share whatsapp The side coached by Steve Hansen now has the target of becoming the first team to win back-to-back World Cups when the tournament comes to these shores next year. In this form, you wouldn’t bet against them.5. The All Blacks score more than any other major rugby nation…Skillful in tight areas, devastating on the counter-attack, the All Blacks’ dominance is built from their unmatched ability with the ball in hand. New Zealand have scored 144 tries since the world cup, more than any other major rugby nation. 1. Feeling optimistic for England? Be warned, history advises caution…New Zealand have beaten England in more than 80 per cent of their meetings to date, having won 31 of their 39 meetings with the Red Rose. Nine All Blacks stats that will terrify England more than the haka All Blacks; post-RWC record | Create Infographics England vs New Zealand: | Create Infographics2. But England aren’t alone…In fact, no country in the world has a positive win percentage against the men in black. South Africa come closest , having won 39 per cent of their meetings. last_img read more

ITV outperforms but there is a lack of audience

first_img ITV outperforms but there is a lack of audience Tags: NULL Oliver Smith whatsapp Thursday 13 November 2014 8:34 pm Share Show Comments ▼center_img BROADCASTER ITV celebrated its “best outperformance of the market for five years” yesterday, as the company saw broadcast ad revenues rise six per cent “well ahead of the UK television advertising market”, according to its chief executive.However, ITV said falling audience numbers were an area of concern as its channels’ ratings fell short of its expectations. “While ITV Family Share of Viewing is not as good as we would like, we remain clearly focused on improving onscreen performance and we expect to outperform the advertising market again next year,” said chief executive Adam Crozier.Total external revenues rose eight per cent to £1.8bn during the nine months to 30 September, led by 10 per cent growth in its ITV Studios original content division, which is behind the likes of Downton Abbey and Broadchurch.“We expect Studios to grow revenue by a similar amount to this year driven by the full-year benefit of our acquisitions and a return to organic growth fuelled by the global demand for high quality content,” said Crozier. ITV shares rose 2.24 per cent to close at 205.10p. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndo Read This Next’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap whatsapplast_img read more

Battle of the Runways: Gatwick and Heathrow’s war of words

first_img Share Battle of the Runways: Gatwick and Heathrow’s war of words Express KCS Thursday 8 January 2015 8:32 pm The gloves have come off in London’s battle for an extra runway. When Heathrow’s chief executive John Holland-Kaye threw an insult at Gatwick in a newspaper interview, naturally Gatwick’s chief Stewart Wingate was ready to throw one back, likening Holland-Kaye to the man behind of the UK’s most famous business gaffes. “In an interview from the Gerald Ratner playbook, the chief executive of Heathrow today dismissed Gatwick as ‘merely useful for holidays in the sun’,” he responded. “It is one thing to patronise your competition. It is another to patronise the majority of your own passengers. We would respectfully remind Mr Holland-Kaye that 70 per cent of travellers use Heathrow for leisure and one in five passengers fly from Gatwick for business.” Ding ding – round two? whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Show Comments ▼ Tags: London airport expansionlast_img read more

US non-farm payroll: US jobs data beats expectations but wages lag

first_imgFriday 9 January 2015 8:56 am whatsapp Jessica Morris Share Show Comments ▼ whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org US non-farm payroll: US jobs data beats expectations but wages lag The US economy added 252,000 jobs in December, while the unemployment rate fell from 5.8 per cent to 5.6 per cent, official figures released today show.This was slightly above economists’ expectations of 240,000 jobs in December, and an unemployment rate of 5.7 per cent.  However, wage growth missed expectations, posting a decrease of 0.2 per cent for the last month of 2014.Job creation was down from November’s bumper jobs report when the economy created 353,000 jobs, way above analysts’ forecasts of 225,000.A slew of positive economic data out of the United States has fuelled expectations the Fed will start raising rates around the middle of this year.This is in contrast to the European Central Bank which is expected to enact more monetary stimulus when its general council meets on 22 January. Tags: NULLlast_img read more

Video: Google’s Eric Schmidt, Facebook’s Sheryl Sandberg and Microsoft’s Satya Nadella at Davos 2015

first_imgOn day two of this year’s biggest gathering of world leaders, the focus moved to tech. During one session Google chairman Eric Schmidt joined Facebook chief operating officer Sheryl Sandberg and Microsoft chief executive Satya Nadella to discuss the future of the digital economy, and whether we have what is needed to ensure a thriving, open and secure economy.Watch the video from Davos above. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementVikings: Free Online GameIf you’re over 50 – this game is a must!Vikings: Free Online Game whatsapp Thursday 22 January 2015 10:45 am More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Emma Haslett center_img whatsapp Share Video: Google’s Eric Schmidt, Facebook’s Sheryl Sandberg and Microsoft’s Satya Nadella at Davos 2015 Show Comments ▼ Tags: Davos 2016 World Economic Forum Facebook Google Microsoft People Sheryl Sandberglast_img read more

General Election 2015: Facebook’s voter registration reminder will prompt every single UK user to be on the electoral register for May

first_imgThe next thing you’ll see being shared by everyone you know on Facebook might come as a surprise.It won’t be a hilarious video, the latest meme, or your friends and families pictures, and anyone who is averse to politics should stay away from Facebook on Thursday. Every single British adult in the UK who is eligible to vote will see this message in their Facebook feed urging them to register to vote ahead of May’s General Election. ​For Voter Registration Day, part of the Electoral Commission’s campaign to get everyone registered so they can have a say on polling day, it has teamed up with the social media titan to get the message out there.The startling fact is, more people in the UK visit Facebook every single month than the total number of people who voted in the last election in 2010Those who are of a political persuasion will also get to add registering to vote as one of their “life events” amid relationship and job statuses. With the average person having 120 friends on Facebook, it’s another way to raise awareness.It’s the first election in which people are able to register to vote online, so letting people know online makes sense. Anyone who sees the message will be able to click through right then and there.In a bid to get more younger voters registered- they’re currently under-represented on the electoral register- there will be a targeted Facebook advertising campaign aimed at reaching any young person who will be aged 18 by the day of the vote on 7 May.The Electoral Commission will be hoping its efforts will increase turnout above the near historical low of 65 per cent in 2010.The register to vote reminder and “life event “ feature were also used in the run up to the Scottish independence referendum. While there’s no immediate data available on the success of the campaign in Scotland, or its reach, a US study on the 2010 presidential elections found over 300,000 people went to the polls having seen conversations from their friends about voting on Facebook.“We saw at the Scottish Independence Referendum that young people are passionate and engaged about the issues that affect their lives,” said the Electoral Commission’s director of communications Alex Robertson. “It’s vital that we continue to reach them on platforms like Facebook with information that’s accessible to them.”The indyref was the most discussed topic of the year on Facebook, and the General Election is expected to top that. “We expect the election to be one of the most talked about topics on Facebook of 2015, and we hope that through partnerships like this one with the Electoral Commission, we can make sure those conversations lead to higher turnout on 7 May,” said Facebook’s politics and government specialist Elizabeth Linder.If any further proof of Facebook as a political platform is needed, look no further than another astonishing fact: the combined audience of the major political parties on Facebook is more than double the number of real-life members of the parties. whatsapp Tags: Facebook whatsapp Wednesday 4 February 2015 2:55 pm Sharecenter_img Lynsey Barber Show Comments ▼ General Election 2015: Facebook’s voter registration reminder will prompt every single UK user to be on the electoral register for May last_img read more

Fresnillo profits plunge as gold prices struggle

first_imgWednesday 4 March 2015 8:42 pm Express KCS Tags: Gold prices whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Show Comments ▼ Fresnillo profits plunge as gold prices struggle MEXICAN mining firm Fresnillo saw shares dip by 8.46 per cent yesterday, after reporting that pre-tax profits dropped by 40 per cent during 2014, plummeting from $419m (£275m) to $251m.The company also saw a 12.5 per cent decline in revenue for 2014, from $1.6bn in 2013 to $1.4bn.The group said that its “low cost operations, strong balance sheet, high quality assets and a solid pipeline of organic growth projects provided some defence” against a challenging year for precious metal producers, but acknowledged it was not enough to prevent a 10.2 per cent decline in the average realised gold price. The average realised silver price fell by 18.4 per cent.Fresnillo chairman Alberto Bailleres said that while geopolitics, global security issues, economic uncertainties and volatility “may have driven investors to precious metals as a safe haven in the past”, those factors had “no direct correlation to prices this year”.He added: “I am hard pressed to recall a time in this industry with such marked uncertainty regarding prec­ious metal prices. There is little consensus today on where we are in the current cycle and which catalysts might bear most impact on pricing. In the face of such uncertainties, we choose to be conservative in our projections.”Despite the uncertainty in the market, the company has raised capex for 2015 to around $700m, compared to $425.6m in 2014, due to on-going construction at its San Julian operation, and development of several other sites. whatsapp Sharelast_img read more

Confident consumers fuel record growth of new car registrations

first_imgConfident UK consumers bought 76,958 new cars in February, 12 per cent more than in February last year.The figures released yesterday by the Society of Motor Manufacturers and Traders (SMMT) show that February was the 36th consecutive month of growth in new car purchases.“Three years of continuous growth in the new car market is remarkable and reflects the strong upturn in the confidence of UK car buyers since the recession,” said SMMT chief executive Mike Hawes. The UK car market’s sustained expansion is the longest ever seen, beating the previous record of 26 months set in the late 1980s.“Registrations of fleet and business cars have outpaced the private market in February, reflecting the increased business confidence across the UK,” Hawes said. “Over the course of 2015, however, we are expecting a more stable market to emerge given there has already been an extended period of consistent growth.” whatsapp Confident consumers fuel record growth of new car registrations whatsapp Tags: NULL Express KCS center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldNowThisThe No. 1 Country Song of Every Year Since 1944NowThisMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.com Thursday 5 March 2015 8:49 pm Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof Sharelast_img read more

Morrisons new chief shelves old exec team

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Express KCS whatsapp whatsapp Share Tuesday 24 March 2015 9:38 pmcenter_img Tags: NULL Morrisons new chief shelves old exec team Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comUndoNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoComedyAbandoned Submarines Floating Around the WorldComedyUndoMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.comUndoTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBallUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndo MORRISONS new chief executive David Potts has wasted little time in overhauling the beleaguered supermarket chain as he turfed out five of its senior managers yesterday.Potts, who only took the top job at the Bradford-based retailer last week, said he plans to simplify and speed up the business by building a “leaner senior management team”. Group customer marketing and digital director Nick Collard, retail dir­ector Martyn Fletcher, property and strategy director Gordon Mowat, logistics director Neal Austin and convenience managing director Nigel Robertson have all been asked to leave. Ross Eggleton and Miles Foster escaped the cull and will continue to lead logistics and the M local chain. The management departures come after Potts launched a campaign last week to receive cust­om­er and staff feedback. He also announced he would work in a store in April and encouraged other head office staff to do the same. He sought to show his commitment to the chain by buying over £1m of Morrisons shares.Morrisons has been hit hard by the fierce industry price war as all big four supermarkets battle it out to retain customers’ loyalty and fend off competition from the discounters.Former Tesco finance director Andy Higginson replaced Sir Ian Gibson as chairman earlier this year, while Potts – also a Tesco veteran – replaced Dalton Philips, who was ousted after failing to stem hemorrhaging sales. Potts faces a huge challenge ahead of him after the retailer reported its lowest annual profit in eight years just days before he joined. last_img read more