Sunday 27 April 2008

Sunday Business Round Up - 27 April 2008


A short round-up this week, been busy with family etc today so not had my usual time to study the business world - here are my top five though:

HBOS rights issue? - Bank likely to follow RBS lead.

China to buy RBS Insurance - Bank of China one of the suitors for the stricken banks business.

UK growth slows - Bad news, as expected, but not nice reading in any event.

Starbucks out of favour - many aspects to this, but this is the best take on it.

Baker gets fit - Top ex manager of Boots is to join Virgin Active board.

9 comments:

Nick Drew said...

"Ping An, the giant Chinese insurer"

this conjures up splendid images

a yeti-like creature, I fancy

CityUnslicker said...

oh no, she is very pretty...

Old BE said...

It's high time people realised that Starbucks is a bloody rip off. Near my office there is a Snax (another chain) which sells coffee for half the price of neighbouring Starbucks but yet on a Monday morning there is a queue snaking out of the door of SB!

Mark Wadsworth said...

HBOS rights issue - we all saw that one coming, didn't we?

Nick Drew said...

well done that man

Bill Quango MP said...

BLUE EYES

Location and marketing will win over price most times. Starbucks is a 'daily luxury' that people are prepared to pay for.

They do know their retail. Fantastic record on picking locations, something like 95% success rate. Most retailers couldn't boast of 75%.

Shame the downturn is so bad in the USA. No luxury retailer can survive unscathed. Luckily for Starbucks they have plenty of room to do 'one-frees' and 'before 9am ' discounts' without heavily impacting on them.
Its their rivals who should really be worried.

Old BE said...

Starbucks is a 'daily luxury' that people are prepared to pay for

very true - i do like their frappuccino

Anonymous said...

I went into a Starbucks once, in Philly. I knew their reputation as being the white knights who rescued the USA from dire coffee (on my first visit to the US I didn't have a decent coffee once, in three months). I asked for a mocha coffee. What I got was a small pitcher of bedtime cocoa. Risible!

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