Bad news for Tesco. Britain's biggest supermarket said price wars and slow progress on reforms will eat into its profits this year - and investor dividends. Tesco said a "number of uncertainties, including market conditions" meant it expected trading profit for the financial year of between £2.4bn and £2.5bn. Analysts had expected around £3bn. The board expects to set an interim dividend of 1.16p per share, which is 75pc lower than last year's payment.
— Holly Brockwell (@hollybrocks) August 27, 2014
Designer Raymond Weil paid Theron for the rights to her wrists for two years, so she could wear only his watches. The model and actress did not play by the rules and went to a press conference wearing a Dior watch. As you can imagine, Weil wasn’t too happy about this and went on to seek £12m in compensation.
— Will Corry (@slievemore) August 21, 2014
Josie Stone, non-food buying manager at Lidl UK, said: "This is the first time ever that we've done such a high-end fashion promotion and we're hugely excited about launching these lines on 25 August. Not only are these jackets bang on trend for this season but they're also £15 a pop, which is unbeatable value for such high quality .
So we'd advise customers to be quick getting down to stores on the 25th because they're likely to be snapped up very quickly." [more…]