Business Diary: 13/03/2010
Saturday 13 March 2010
Asda's selective memory for figures
On Monday, George at Asda launched a 100-day returns policy across its clothing range to a great publicity fanfare.
In the editors' notes to the press release, George states that it "recently overtook M&S as the UK's number one clothing retailer in terms of volume" with a 10.1 per cent market share. However, the TNS data it references is from October 2009. Curiously, there was no mention of the fact that M&S is now back in the top spot with a 13.1 per cent market share, ahead of Primark's 10.8 per cent with George trailing at 9.5 per cent for the 12 weeks to 31 January 2010. Funny that, eh?
A resourceful use of Chelsea FC by HR
What's the biggest issue facing HR managers today? The peccadillos of Chelsea's footballers, apparently. Human Resources magazine has used the footballers' headline-grabbing behaviour to offer advice on how to act when an employee's activities outside the workplace damage team morale. The verdict? Take prompt and effective action, be consistent and fair, and take preventative steps. Well, duh.
Samsung's bid to bag the Wags with phone
Now we're on the subject of Chelsea, here's sponsor Samsung, using its marketing muscle to get added value from the millions it pays to have its name splashed across the Blues' shirts. Having sewn up the players, it hopes their Wags will buy a truly cringe-worthy new phone called "Diva". You'd think the wives and girlfriends would have more taste, but looking at some of them, maybe Samsung's on to something.
Pimlico Plumber off to Spain over tax grab
The latest plutocrat to threaten to quit Britain over the new 50 per cent top rate of tax is Charlie Mullins the millionaire boss of Pimlico Plumbers who's considering a move to Spain. That'll do wonders for response times.
Number of the day: 105
As in Repo 105: the "repo" deals that Lehmans booked as sales, shifting $50bn off-balance sheet in the process
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 HeForShe campaign: Iceland to follow up Emma Watson speech with UN women's rights conference – for men only
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Ed Sheeran dedicates song to David Cameron
- 5 Now we know whose fault it is if you end up being murdered in Thailand
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
The Aral Sea: Nasa pictures show how what was once the fourth largest lake in the world has become almost completely dry
Thailand beach murders: Hannah Witheridge 'was raped by two men before being killed'
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
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