Business Diary: Price war or marketing hype from the grocers?
Saturday 14 November 2009
Asda and Tesco are keen to talk up the price war story. But many in the industry doubt there is ever any new money involved in these affairs. Malcolm Walker, chief executive of Iceland and one of the country's most successful retailers, told Retail Week in 2007: "Everyone knows price wars are bullshit – you put some prices up and some down."
Sales lifts is no racing certainty for Hornby
Disappointing trading figures from Hornby yesterday, but all is not lost. It reckons sales of its Scalectrix sets will get a boost from Jenson Button's world championship success. Didn't seem to work after Lewis Hamilton's win last year, but fingers crossed.
Madoff souvenirs up for auction
Another load of Bernie Madoff goods go under the hammer today to raise money for the victims of his mega-fraud. There's some top-end stuff on offer, but who on earth is going to buy his blue satin Mets baseball jacket, which is emblazoned with the name Madoff on the back?
Legal eagles swear off Facebook and MySpace
The Law Society is anxious about the trend for employers to check out job applicants on social networking sites such as Facebook. You're open to claims of prejudice, apparently, because people might think they've been turned down because of their sexual orientation or religious views – or just because they've detailed one too many drunken exploit.
Battle against history
Best of luck to the 1808 Coalition's campaign for the abolition of stamp duty. The group is named after the year in which stamp duty was first charged on property sales – why these estate agents think they'll be able to turn the clock back 200 years in the middle of a public finance crisis is anyone's guess, but you can't fault their optimism.
Number of the day: 67%
The decline in the number of first-time property buyers this year compared to 1999, according to official data.
Actress sees off speculation about her appearance in an amazing way
The Washington Post editor helped Bob Woodward and Carl Bernstein bring down President Nixon
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Salisbury ranked seventh-best city in the world to visit in Lonely Planet’s Best in Travel 2015
- 2 Disney announces new female-led film Moana
- 3 Banksy has not been arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Russell Brand threatened with arrest after filming outside Fox News headquarters
Chicago voter tells Obama 'don't touch my girlfriend' – Obama stays super smooth
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy has not been arrested: Internet duped by fake report claiming artist's identity revealed
Ebola outbreak: Nowhere is safe until virus is contained in Africa, claims the top doctor who beat it in Nigera
Raphael Ravenscroft dead: 'Baker Street' musician who played the most famous saxophone solo for just £27, dies aged 60
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
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