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Why ex-Asda boss Andy Bond has turned his back on the City Asda sales shocker raises doubts over business plans High Street jobs cut fear as Asda chief predicts a tough 2009 times Asda tops its rivals with a leap in sales

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Time for bosses who backed cuts to change their tune

13.10.11
Ben Gordon's rapid exit from Mothercare, only days after it issued a shock profits warning, is a sharp reminder of what life is like in the real world of business. Fail and you're out, albeit with a 12-month pay-off if you can't find another job... more

City Spy: Sweetener's a bit of Pure confusion

22.06.11
What on earth has been going on at PureCircle? This is an AIM-listed Malaysian biotech company run by a Russian (do keep up) that has developed the mass production of food and drink sweeteners from a sunflower-like plant called stevia... more

Bosses' cutting comments were well wide of the mark

05.04.11
The chief executives and chairmen were certain. There was not a ha'penny's worth of doubt in their minds. The 35 bosses, something close to a who's who of Britain's boardrooms, were so adamant that George Osborne's spending cuts were vital and wise that they wrote a letter to the Daily Telegraph saying so... more

Why ex-Asda boss Andy Bond has turned his back on the City

10.01.11
Asda’s former boss Andy Bond turns his back on corporate life following his departure from the supermarket... more

Alan Johnson slams business leaders for backing cuts

18.10.10
Shadow Chancellor Alan Johnson sparks a fierce row after attacking 'politically motivated' senior businessmen for supporting the Government's spending cuts... more

Asda goes shopping at Netto in £778m takeover deal

27.05.10
Supermarket giant Asda agrees to buy the UK arm of discount retailer Netto for £778 million in a bid to revive its fortunes... more

City Spy: Mass exodus to Escape the City

24.05.10
Which firm’s employees yearn to leave the City and head off to pastures new?... more

High street sales find fighting back is a struggle

20.05.10
High street sales rise for a third month in a row but the pace of recovery shows signs of slowing... more

Asda sales shocker raises doubts over business plans

18.05.10
Asda unveils a shock drop in sales, calling into question its business strategy and offering evidence for why it parted company with chief executive Andy Bond... more

Asda names Andy Clarke as new chief executive

11.05.10
Asda appoints a former store manager as its chief executive after the surprise resignation of Andy Bond last month... more

City Spy: Standard & Poor's Lapo had guts not to be a lapdog

28.04.10
Not emerging from the Goldman Sachs CDO affair smelling of roses — perhaps predictably, given their track record — are the credit-rating agencies... more

City Spy: Bosses shunned the Tories on National Insurance

19.04.10
One of the features of the letter in protest at the Government’s proposed NI increase is the prevalence of retailers - as, City Spy hears, Next's Simon Wolfson was the orchestrator... more

Asda in challenge to Tesco as number one non-food store

15.04.10
Asda will expand its Living stores chain to try to overtake Tesco as the country’s biggest non-food retailer within five years... more

Hunt for new Asda boss after Andy Bond’s shock resignation

12.04.10
Asda boss Andy Bond shocks the retail world by stepping down as president and chief executive of Britain’s second-biggest grocer... more

Strange tale of the bank spy, Bond and a furious retailer

22.02.10
City Editor's Comment: A right rumpus has broken out between Asda and JPMorgan over the obtaining of information from a suppliers’ meeting ... more

Quick-witted transformer who aims to work his magic on ITV

18.11.09
Yes, Archie Norman watches X Factor. And football and films, all on ITV. When he gets the chance. ... more

Burnside is onside for Rangers bid

03.09.09
The resignation of Sir David Murray as chairman and director of Glasgow Rangers has sparked speculation as to who may take over the current Scottish Premier League champions should he go the whole distance and offload his majority shareholding ... more

City Spy: Goldman is still under the cosh

31.07.09
A further addition to the plethora of savage anti-Goldman Sachs articles in America — quite possibly the best of the bunch — comes from US writer Michael Lewis on Bloomberg.com ... more

City Spy: Shockwaves due from Bear Stearns

27.07.09
Eyebrows were raised when Prince Andrew's one-time friend, billionaire financier Jeffrey Epstein, was released six months early from his 18-month prison sentence in Florida for procuring underage girls ... more

City Spy: Busson's Ark sails through the storm

06.07.09
London's hedge fund community may have had a torrid time last year but at least its favoured charity, Arki Busson's ARK (or absolute return for kids), has shown the way in moneymaking. In the year to August 2008, its income rose from £32.7 million to £40.2 million. Furthermore, hedge fund turmoil is not expected to affect the levels of pledges. ARK acknowledges that "the level of outstanding donor pledges is considered to be one of the charity's key risks" but that all funding pledges "due for payment have been received to date." So hats off to the generous hedgies and let's hope that spirit continues.... more

It may hurt, but oil price is now about right for us all

02.06.09
SOME would have it that the recent rise in the oil price is evidence of optimism - a sign that the global economy is getting stronger and that the prospects of recession turning into depression have dimmed.... more

Asda wants expansion rules eased

17.02.09
Retail: ASDA has called on the Government to overhaul planning rules to make it easier to expand in deprived areas ... more

ASDA to create 7,000 UK jobs

28.01.09
Retail: Supermarket giant Asda will create 7,000 new jobs this year, as the group plans to open 14 new stores and expand another 15 existing stores... more

Asda sets the pace with discounts for 'tough times'

02.01.09
Asda will offer discounts on 1,000 products from in a move likely to ignite a "credit crunch" price war between the supermarket giants... more

High Street jobs cut fear as Asda chief predicts a tough 2009 times

21.11.08
Retail: Asda chief executive Andy Bond today warned next year will be "when things get really tough" for retailers, fuelling fears of mass redudancies on the High Street... more

Has Tesco discounted the dangers of hubris?

03.11.08
Whenever recently I’ve talked to the bosses of the big British supermarkets, the conversation has turned to Aldi and Lidl. ... more

Price of eggs and butter up by more than 30 per cent as food bills rocket

16.09.08
Food bills have rocketed by 14.5 per cent over the past year, official figures revealed... more

Asda tops its rivals with a leap in sales

14.08.08
Asda have ramped up the battle of the supermarkets, claiming it was stealing market share from rivals... more

Business must beware Russian control freaks

30.06.08
Vladimir Putin is no slouch. So when he says that he advised BP and its Russian billionaire partners not to set up a 50-50 joint venture, you have to think he is on to something... more


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