Richemont in lift as watch sales thrive

first_img Richemont in lift as watch sales thrive KCS-content SWISS luxury goods group Richemont’s five-month sales jumped 37 per cent, beating forecasts and confirming a rebound in the sector as wealthy Asians splash out again on luxury watches and jewellery.Richemont, normally cautious in its outlook, said yesterday net profit for its first half to September should be significantly higher than last year.However, Richemont, which produces mainly in Switzerland, said it would also be hurt by exchange rates, given the surge in the Swiss franc against the euro – its reporting currency – and the dollar.“The improved trading environment is certainly welcomed. However, it is far too soon to draw any conclusions about the sustainability of the economic recovery,” chairman and chief executive Johann Rupert said.Peers like Swatch and LVMH have also reported double-digit growth in watch and jewellery sales in the first half and Swiss watch exports rose almost 20 per cent between January and July, after the worst slump in decades. Richemont shares have risen almost seven per cent this month, hitting a two-month high earlier this week.“Provided the macroeconomic outlook does not deteriorate ahead of the key Christmas period we believe the company could deliver a stronger than expected margin recovery in the next couple of years,” Citi analyst Thomas Chauvet said. whatsapp Tags: NULL Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp Wednesday 8 September 2010 8:02 pm Sharelast_img read more

Datacash sees its profits surge

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Datacash sees its profits surge Show Comments ▼ PAYMENT service provider DataCash, which is to be bought by the world’s second-largest credit card network MasterCard, posted a 9.6 per cent rise in first-half adjusted pre-tax profit on strong performance across its segments. For January to June, DataCash posted an adjusted pre-tax profit of £8.3m, up from £7.5m a year ago. Revenue rose 6.3 per cent to £19.2m. Cash balance at the end of June was £19.5m. In August MasterCard said it would buy DataCash for £333m in cash to expand its online commerce business. Tags: NULL Share KCS-content whatsapp whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Thursday 9 September 2010 8:39 pmlast_img read more

Britons hit by uncertainty

first_imgSunday 26 September 2010 10:23 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof whatsapp KCS-content Share Britons hit by uncertainty whatsapp Show Comments ▼ BRITISH households felt their wallets stretched even further in September as a combination of rampant inflation, job market uncertainty and static incomes caused a marked deterioration in households’ finances, the Markit Household Finance Index will show today.Markit’s survey revealed that 27 per cent of households reported a deterioration in September compared to just 7 per cent recording an improvement. The index rose to 40.2 from 37.9 in August but remained well below the 50 no-change level. Households’ gloom is not expected to shift soon – 41 per cent of households anticipate a worsening in their financial situation over the next 12 months compared to 23 per cent that forecast an improvement. Tim Moore, economist at Markit, said: “September’s survey adds to a growing weight of evidence that UK households are braced for a renewed squeeze on their finances in the months ahead. Concerns over pay and job security remain at the forefront of people’s minds, while stubbornly high inflation and an impending VAT rise are becoming increasingly difficult to ignore.”Consumers’ confidence is not being helped by the gloomier outlook for the UK housing market. Hometrack’s monthly housing survey, published today, showed prices falling across all regions for the first time since April 2009. Nationally, house prices fell by 0.4 per cent and for the third consecutive month. Hometrack expects this period of falls to continue well into 2011. “Agents report that there are fewer purchasers and that those purchasers looking to buy are both cautious and choosy – the return to a buyers’ market seems inevitable in the coming months,” said Richard Donnell, director of research at Hometrack. Tags: NULLlast_img read more

Lloyds of London profit halves as claims rise

first_img whatsapp Show Comments ▼ Lloyds of London profit halves as claims rise John Dunne by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Sharecenter_img Tuesday 28 September 2010 2:54 am whatsapp The Lloyd’s of London insurance market said its profit for the first six months of 2010 more than halved, hit by higher catastrophe claims and weaker investment returns.Lloyd’s had a first half pretax profit of £628m, down from £1.32bn in the same period last year, it said on Tuesday.Lloyd’s, which traces its origins back 322 years to a London coffee house where wealthy merchants sold shipping insurance, said it had to absorb more claims in the first half of 2010 than in any other six month period as a result of a string of catastrophes including the Chilean earthquake.The market was also hit by 15 per cent drop in investment returns as it switched to less risky assets in the face of volatile financial markets. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Tags: NULLlast_img read more

StanChart to raise £3bn in rights issue

first_img Show Comments ▼ StanChart to raise £3bn in rights issue whatsapp Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal Battle – Tactical Game OnlineThis Strategy Game Can’t Be Played Without Sufficient IQTotal Battle – Tactical Game OnlineSilverSinglesDating After 50 Is Easy: 5 Tips For Getting Back on Your FeetSilverSingleszenherald.comNew DNA Test May Have Biblical Repercussionszenherald.comBrake For It39 1960s Cars, RankedBrake For ItMisterStoryWoman files for divorce after seeing this photoMisterStoryDefinitionThe Most Expensive Financial Mistakes In HistoryDefinitionNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald STANDARD Chartered yesterday confirmed it will launch a £3.3bn rights issue, with major investor Temasek already saying it will take up its full allotment of shares.Existing shareholders will be offered the chance to buy one new share at £12.80 for every eight shares they hold – a 33 per cent discount to the pre-announcement price.The bank denied suggestions the rights issue will create a war chest which will be spent on a major Asian acquisition.It said it is instead preparing for new Basel III rules that will increase banks’ capital requirements. They will need to have a core Tier 1 capital ratio – the ratio between capital equity and risk weighted assets – of at least seven per cent. Standard Chartered already has a ratio of nine per cent, which will rise to 11 per cent after the rights issue. However, the bank says new rules will re-weight of some of its assets, slashing a percentage point from this and local jurisdictions could require an additional 2.5 per cent.Chief executive Peter Sands said the new funds will allow the bank to “continue to seize opportunities across Asia, Africa and the Middle East.” He added it will “safeguard the bank’s ability to take advantage of the opportunities in our markets while meeting the anticipated changes in the regulatory world.” He said the new capital rules could have constrained its asset growth unless new cash was raised. A source close to the bank dismissed suggestions it was responding to a possible bid by JP Morgan.Standard Chartered recently posted record first half profits of $3.12bn (£1.97bn).JONATHAN WILCOXJP MORGANHigh-flying equities banker Jonathan Wilcox is heading up the team advising on the rights issue at JP Morgan.It is perhaps easier to spot the deals he hasn’t advised on over the last two years. He is no stranger to rights issues. Earlier this year he advised Prudential on its failed plan raise £13bn in new funds from its shareholders, as part of its bid to buy AIA from its US owners in a $35.5bn deal.He had more success working alongside fellow JP Morgan bankers Edmund Byers and Charles Pretzlik advising Balfour Beatty in its share placement last year.Also in 2009 he advised Rio Tinto, Great Portland Estates and Lonmin on their rights issues.Wilcox has also worked on a number of big IPOs, advising Jupiter on its pricing in the lead up to its £750m flotation this summer. Also working on the float for JP Morgan were Tim Wise and Edward Squire.Before this he advised New Look on its flotation, which was later pulled.Legal adviser on the deal was Nilufer von Bismarck from Slaughter & May. She advises on a host of corporate deals including mergers and acquisitions, joint ventures and IPOs. Wednesday 13 October 2010 8:07 pm KCS-content Tags: NULLlast_img read more

AIG chief exec reveals he has cancer to staff

first_imgTuesday 26 October 2010 8:25 pm KCS-content AIG chief exec reveals he has cancer to staff Share whatsapp ROBERT Benmosche the chief executive of US insurance giant American International Group (AIG) has revealed he has cancer and is currently undergoing “aggressive chemotherapy” to fight the disease.The 66-year-old said in a letter to employees on Monday that he began treatment last week and felt fine, although the long-term prognosis would be clearer over the next couple of months.Benmosche, who has said he plans to retire sometime in 2012, took over as chief executive in August last year, as AIG was struggling to sell assets to repay the US government after receiving a $182.3bn (£115.4bn) taxpayer-funded bailout during the crisis. He was the fourth person to take the top job at AIG in just over a year. Since then, he has led a surprising turnaround for AIG, bringing the insurer to a point where the government has an accelerated path out of its investment in the company. whatsapp Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

Danone to cut Japanese firm

first_imgMonday 22 November 2010 5:23 am whatsapp Show Comments ▼ Danone to cut Japanese firm Tags: NULL Share Yoghurt-maker Danone is reportedly in talks with Japanese brewers about offloading some distribution operations linked to its water business in the country, to help cut losses in a slow-growth region. Danone said at the weekend it was not prepared to dispose of its Japanese water business, despite speculation it was ready to sell out. Earlier this month, reports claimed Kirin Holdings, Asahi Breweries and Suntory Holdings had entered talks to take over Japanese operations. whatsapp KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comlast_img read more

NEW FUNDS PLAN FOR CRISIS-HIT IRELAND

first_img Show Comments ▼ Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm IRELAND may have accepted an €85bn handout to keep it afloat, but why stop there? The ever-popular Powers That Be in Ireland seem to have come up with a novel solution to the country’s solvency issues.An advert has appeared on Ireland’s biggest property website, the appropriately named daft.ie, offering the Republic of Ireland for a cut-price €900bn (o.n.o.).The classified ad, posted by one Brian Cowen, says the property is available to move into immediately, with “full planning permission for 300,000 homes, eight prisons, five public hospitals, 10,000 schools… as well as hundreds of unfinished road developments”.It warns the property is “in need of some refurbishment” but comes with stunning scenery.It adds one final point: “Neighbours are [blank] but can be quite helpful”. Put your guesses on a postcard addressed to The Capitalist.TRUE BLUE SEES REDMartin Broughton (right), the man who chaired Liverpool Football Club during its dramatic takeover discussions earlier this year, was back at the football club he knows best over the weekend – Chelsea. Attending an annual fundraising lunch, the lifelong Blues fan was asked whether it felt odd rescuing Liverpool, one of his club’s fiercest rivals, from financial meltdown. Broughton sidestepped the question by turning the spotlight on a couple of Liverpool’s other advisers. Corporate lawyer Nigel Boardman, is a massive Arsenal fan, and the barrister used in the High Court, Lord Grabiner, supports Spurs.A speaker at the lunch was Chelsea chairman Bruce Buck, a lawyer from Skadden Arps, who joked that Chelsea were indeed interested in buying the site at Earls Court from property firm Capital & Counties. But he said it wouldn’t lead to a move away from Stamford Bridge for the Blues. Owner Roman Abramovich just wanted the site to put his yachts in during the winter. As for Manchester City, he quipped, can you believe they think it is possible to buy the Premiership? The irony did not go unnoticed.YOU TUBESTRANSPORT for London yesterday proved it is a master in the art of polishing the proverbial turd. Despite widespread chaos on the transport system as thousands of staff took to the streets, a triumphant press release proudly declared: “The Waterloo & City line is operating across the full line,” which would be altogether more impressive if the line wasn’t made up of only two stops.RUDDY GOOD BOOKCity folk will be used to receiving one of Tony Rudd’s regular communiques on the state of the world. Now Rudd, who has been blind for many years, has gone one step further. Yesterday saw publication of the former City broker’s book on the Battle of Britain. It follows Rudd’s blog retelling the famous air campaign through regular diary entries. Rudd, who was a journalist before he became a stockbroker, is father to Roland, senior partner of Finsbury and a master spin-doctor, so one might expect a bit of media coverage for this one. Monday 29 November 2010 8:12 pm NEW FUNDS PLAN FOR CRISIS-HIT IRELAND whatsapp KCS-content Tags: NULLlast_img read more

EUROZONE BONDS

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Q.WHY ARE SOME LEADERS CALLING FOR EUROZONE BONDS?A. Leaders in Luxembourg and Italy have called on the Eurozone to issue joint bonds in order to stop the euro crisis in its tracks and signal the political commitment to the single currency. They see fusing the Eurozone’s debt markets as a way to combat the punitive bond markets.Q.WHAT ARE THE LEGAL BARRIERS TO EURO BONDS?A. Recent treaties do give the European Commission power to issue joint bonds in cases of emergency, but there is no reference to the creation of permanent euro-bonds for everyday sovereign funding. German chancellor Angela Merkel has said that current EU treaties don’t allow for single Eurozone bonds.Q.WHAT ARE THE POLITICAL BARRIERS?A. The Netherlands, Germany and Austria are all firmly opposed to the idea. It is likely to be a political hot potato domestically because it would involve more fiscally disciplined states paying more while more indebted countries would pay less, on top of having to pay for international bailouts. It would also require governments to surrender further powers over their budgets to Eurozone governance because countries with large deficits would raise the cost of borrowing for everyone else. Tags: NULL whatsapp KCS-content EUROZONE BONDS center_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Show Comments ▼ Monday 6 December 2010 9:07 pm Share whatsapplast_img read more

John Lewis sales jump ahead of VAT hike

first_img Show Comments ▼ John Lewis sales jump ahead of VAT hike More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Friday 14 January 2011 3:02 am Sales at department store chain John Lewis rocketed last week as shoppers rushed to buy furniture and electrical goods ahead of an increase in VAT sales tax.John Lewis, which also runs grocery chain Waitrose, said it also benefited from an extra day of holiday compared with the same week the year before, and from snow disruption the same time a year ago.Department store sales leapt 38.7 per cent year-on-year, the biggest rise in the group’s financial year which ends this month (January).John Lewis, which has long outperformed the broader retail sector, has bucked that trend, helped by its more affluent customer base, which is coping better with rising taxes and government spending cuts than lower income groups.The group said sales of home-related products leapt 42.9 per cent, while sales of electricals and home technology goods were up 38.3 percent and fashions up 35.1 percent.Online sales were up 42 percent.VAT sales tax rose to 20 per cent from 17.5 per cent on 4 January as one of a number of austerity measures by the government aimed at slashing its debts.Weekly sales at Waitrose were up 2.9 per cent year-on-year. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Tags: NULLcenter_img Share whatsapp whatsapp John Dunne last_img read more