Sunday, 9 December 2007
Sunday Business Round Up - 9 December
Well there aer only a couple of weeks left until Christmas in the UK. Normally this is quite a busy time of year, not just for retailers, but for everyone trying to get deals signed and orders firmed up before the last week in December.
As such, there are a few stories of note:
Wine to go - Here is a nice festive one to start from the Telegraph. The Off-Licence sector has strgguled in recent years as supermarkets have started to drink their lunch so to speak. The latest idea to fight this is a tie up of Oddbins and Threshers.
Woolies to go to- The long-0struggling high street reailer is already in trouble over it debt mountain. A bad Christmas will see the end of this business, but then this has been said every year for over 10 years now.
Commercial property meltdown - Difficult news this, the commercial sector is in all sorts of trouble at the moment and large investors are pulling funds out as fast as they can.
Northern Rock - Will a buyer finally be recommended this week?
Northern Rock collateral damage- Reports that Sir John Gieve will be forced to quit the Bank of England over the Northern Rock crisis.
Consumer spending to be hit next year - obvious, yet necessary look at what is really going to happen to the economy next year (answer, stagflation, bugger...)
Murdoch changes everything? - The Guardian has a hilarious story mixing envy and fear in equal measures and trying to paint James Murdoch as the new Darth Vader.
Pop goes Maxjet - New airline start-up's must be one of the most vulnerable businesses to get into. Which is one reason to admire Stelios for building up Easyjet and Branson for Virgin. Maxjet is another casualty with a poor business model that was doomed from the start...
International Summary - A succinct piece form Irwin Stelzer summarising some of the challenges to the EU economy from other parts of the world.
Emap break-up - More on the long running break up of this media institution.
Posted by CityUnslicker