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.
- 1 Rape threats, death threats and a police investigation after video poking fun at an Islamic Party in Malaysia goes viral
- 2 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 3 Gamers confess the worst things they've done in The Sims
- 4 6-year-old writes ice cold Valentine's card to his stepmother
- 5 Syrian child photographed 'surrendering to camera because she thought it was a gun'
Rape threats, death threats and a police investigation after video poking fun at an Islamic Party in Malaysia goes viral
Why Robin Williams safeguarded himself against a morbid trend in advertising
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
6-year-old writes ice cold Valentine's card to his stepmother
Jeremy Clarkson to become 'special adviser on transport' to David Cameron
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
Revealed: Putin's army of pro-Kremlin bloggers
Katie Hopkins reported to the police for race hatred by Labour MP Simon Danczuk after tweet about Pakistani men
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