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Embattled: New Tesco boss Dave Lewis
By Neil Craven And Simon Watkins, Financial Mail On Sunday Published: 22:21, 25 October 2014 | Updated: 22:21, 25 October 2014 Embattled: New Tesco boss Dave LewisDave Lewis recalls clearly how he felt last month when he was presented with a detailed report, out of the blue, saying that Tesco’s profits had been overstated by a quarter of a billion pounds. He says: ‘It was like a body blow. It’s something you feel in the pit of your stomach.’Joining Tesco has played havoc with Lewis’s...
©© Associated Newspapers Limited 2013
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Taking control: Dave Lewis  said he joined Tesco on a package similar to his predecessor Phil Clarke
By Simon Watkins, Financial Mail on Sunday Published: 22:21, 25 October 2014 | Updated: 22:21, 25 October 2014 Taking control: Dave Lewis said he joined Tesco on a package similar to his predecessor Phil ClarkeTesco chief Dave Lewis is in talks over a new bonus deal with the company’s board as he battles to reverse the retailer’s falling profits and tackle the company’s recent £263 million accounting scandal.Lewis said he joined Tesco on a package similar to his predecessor Phil Clarke, but in an interview...
©© Associated Newspapers Limited 2013
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Hands on:Children try different jobs at KidZania
By Neil Craven, Financial Mail on Sunday Follow @@neilcraven1 Published: 22:02, 25 October 2014 | Updated: 22:13, 25 October 2014 A new attraction that lets children experience being doctors, firemen, Formula 1 car mechanics and airline pilots for the day will launch next year in London.KidZania is under construction on top of the Westfield shopping centre in West London and will occupy a 75,000 sq ft site – about the size of a supermarket. Hands on: Children try different jobs at KidZaniaAnother two sites are...
©© Associated Newspapers Limited 2013
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HIGH SPEED: Mark Cavendish helped with Manx's 4G launch
By Joanne Hart, Financial Mail on Sunday Follow @@JoanneMidas Published: 22:02, 25 October 2014 | Updated: 22:12, 25 October 2014 High speed: Mark Cavendish helped with Manx's 4G launchManx Telecom is a stock made for income investors.The leading telecoms firm on the Isle of Man, it is financially robust, generates plenty of cash and is determined to pay generous dividends.The group listed on AIM in February and last month declared a maiden interim dividend of 3.3p, saying it expected to pay a final one of 6.6p after its annual results early next year.Midas tipped the shares...
©© Associated Newspapers Limited 2013
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In the money: George Osborne may be able to sell off more of Lloyds
By Alex Hawkes And Simon Watkins, Financial Mail On Sunday Published: 22:04, 25 October 2014 | Updated: 22:04, 25 October 2014 In the money: George Osborne may be able to sell off more of LloydsBritain's state-backed banks are set to deliver surging profits, raising new prospects of a sale of part of the Government’s share in Lloyds, according to banking sources.Lloyds Banking Group and Royal Bank of Scotland are set to deliver sharply higher profits in their quarterly results this week thanks to the property...
©© Associated Newspapers Limited 2013
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By Sarah Bridge, Financial Mail on Sunday Follow @@sarahbridge100 Published: 22:04, 25 October 2014 | Updated: 22:04, 25 October 2014 A property website designed to cut estate agents out of the house-selling process says that it now has 10,000 homes listed, despite launching just three months ago.iProperty was set up by Brian Blake, former boss of Swinton Insurance, and is free to use, making money from services available through the site such as mortgage brokers, lawyers, photographers and even ‘For Sale’ sign providers.The firm, backed...
©© Associated Newspapers Limited 2013
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Links: BP has a near 20 per cent stake in Rosneft and boss Bob Dudley sits on the board
By Jon Rees, Financial Mail on Sunday Published: 22:03, 25 October 2014 | Updated: 22:03, 25 October 2014 BP’s links with controversial Russian oil giant Rosneft are likely to have dragged its profits down nearly 20 per cent to $2.9 billion (£1.8 billion) in the third quarter.Rosneft’s head, Igor Sechin, a personal friend of Russian president Vladimir Putin, said on Friday that the firm is suing the European Union over its sanctions on the company following Russia’s involvement in the conflict in Ukraine. Sechin is...
©© Associated Newspapers Limited 2013
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Savvy: Consumers redeemed a record number of Nectar points during 2013
By Sarah Bridge, Financial Mail on Sunday Follow @@sarahbridge100 Published: 22:03, 25 October 2014 | Updated: 22:03, 25 October 2014 Nectar, the country’s biggest loyalty card scheme, with more than 19 million users, saw sales and profits rocket last year due to a rise in customers eager for money-saving loyalty points, and victory in a long-running battle with the taxman.Turnover rose by 12 per cent to £298.4 million in the year to December 31, 2013 after a record number of points were redeemed, partly as...
©© Associated Newspapers Limited 2013
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Basket case: Warren Buffett has been quite open about his regrets at having invested in Tesco shares
By Simon Watkins for the Daily Mail Published: 22:03, 25 October 2014 | Updated: 22:03, 25 October 2014 David Lewis insists that he has never had second thoughts about taking the chief executive’s job at Tesco despite the scandal that has emerged just weeks after he joined and which, although none of his doing, will be his job to clean up.Others including the world renowned investor Warren Buffett have been quite open about their regrets at having invested in Tesco shares, which have halved in...
©© Associated Newspapers Limited 2013
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On the lookout: South African retail mogul Christo Wiese
By Neil Craven, Financial Mail on Sunday Follow @@neilcraven1 Published: 22:03, 25 October 2014 | Updated: 22:03, 25 October 2014 On the lookout: South African retail mogul Christo WieseSouth African retail mogul Christo Wiese has drafted in Adrian Mountford, who built Sainsbury’s Tu clothing empire, to look for acquisitions or set up a clothing chain in the UK.Mountford, who was also on the board of Matalan until last year, has joined a team that already includes former Asda chief executive Andy Bond, who has been looking...
©© Associated Newspapers Limited 2013
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