Will Tesco be the final nail in HMV's coffin? I ask because of the news that Europe's largest retailer is now asking record companies to deliver their albums to it on a sale-or-return basis. This is a radical shift in an industry which had been able to bank on getting the lion's share of its physical sales revenues up front from wholesalers... more
The chairman of the John Lewis Partnership sets out a bold plan to more than double the size of the company in the next ten years as he unveils a bumper set of results... more
Reassuring words, we are supposed to think, from US Treasury Secretary Tim Geithner. He says that he thinks the UK's austerity-now plan is wise, and that there seems to be not much danger of it reversing tepid economic growth and plunging us back into recession... more
Ocado shares take a knock as City trading rooms react to a renewed competitive threat from Waitrose and take umbrage that chief executive Tim Steiner has just sold £5 million worth of the stock... more
The Evening Standard has been proud to shine a light on poverty in our city. But we are even more proud of our readers’ response to the plight of the people we reported on. Today David Cohen goes back to the Dispossessed to find out how their lives have changed... more
The largest and most ambitious stock market flotation of the year gets under way as online grocer Ocado prices its shares at between 200p and 275p... more
Nick Goodway's great grandfather once owned a very well-known grocers on Piccadilly, but he wouldn't back his chances in today's sector despite good Christmas figures... more
Ministers are under pressure to rethink a hike in business rates that could leave London firms subsidising the rest of the country by more than £1billion... more
Bonuses may be, er, a bone of contention these days, but at the employee-owned John Lewis Partnership they're handled with all the style and grace you'd expect from the never-knowingly-undersold retailer. ... more
John Lewis gievs a show of support for online supermarket Ocado, agreeing to keep supplying it with Waitrose food for the next five years at least... more
Afternoon:
8°c
