M&S sees tougher times ahead 5 Nov 2002 The UK retailer has just enjoyed its last quarter of easy comparables. The recovery s strength will be tested in H2, in what M&S admits will be a less buoyant environment.
Investors claim victory in Marzotto battle 31 Oct 2002 In a seemingly rare coup, minority shareholders in Zignago blocked a deal with Marzotto that hurt their interests. But would they have won if the Marzotto family were not feuding over the future of the Italian clothing group?
Tesco in £530m bid for T&S corner shops. 30 Oct 2002 Tesco should be able to drive turnover at T&S, using margin gains to cut prices. The UK supermarket chain would increase the number of its Express stores fivefold, buying into the faster growing urban market.
Diageo warns of challenging targets 29 Oct 2002 The slowing economy is taking its toll on tipplers. In any event, investors built in unrealistic expectations for readytodrink sales. With this, the RTD bubble is popped.
Safeway break-up bid doesn’t look imminent 28 Oct 2002 But it doesn't make sense for competitors to step in until Safeway has stopped sinking. The UK food retailer is struggling and it looks less and less likely to survive independently in the long term.
Vikings stalk Iceland 25 Oct 2002 Icelandic retailer Baugur has taken a 15% stake in Big Food. The group must see value somewhere.
PPR selling Facet stake for E869m 25 Oct 2002 The retailer is getting a great price for this part of its consumer credit business from BNP Paribas. Facet is a good business, and there was an obvious buyer for it. The rest of Finaref will likely go for much less.
Ahold can’t keep feet out of mouth 25 Oct 2002 The retailer has enough to do sorting out its business, which had dismal thirdquarter sales. It doesn t need a confidence crisis to boot.