Cotton pickin' Market Watch

Cotton prices have jumped to a 150-year-high, rising to $1.90 per pound on Friday, more than double what it was a year ago and just ahead of the $1.89 record, according to the International Cotton Advisory Committee.

looks like 10% additional price hike on summer lines, not just the spring ones as we were forecasting at C@W.

"All of our brands, every single brand, will take some price increases," said Eric Wiseman, chairman and CEO of VF Corp., whose brands include The North Face, Nautica, Wrangler and Lee.

Ahh.... BQ's old firm from years ago.

Hmv - start of the breakdown

Alexander Mamut, the Russian entrepreneur who owns 6.1pc of HMV Group, the troubled music retailer, has appointed investment bank Credit Suisse to advise him on options for the retailer, it was reported on Thursday night. Options are likely to include the break-up of the group

Not getting any better is it?

Today Last
22.8

Change
- 0.25 -1.09%

Market Watch

Ocado posts first quarterly profit
Ocado posted its first ever quarterly profit. Fourth-quarter profit came in at £300,000.

Good for them.
But on sales of £551 million .. ??
Annual losses still £12.2 million.

Still .. it floated in July 2010 at a disappointing 1.80 but yesterday was up to 2.49.

Market alerts

Thomson Holidays, have warned today that the continuing unrest in Tunisia and Egypt could cost the group as much as £30 million in lost earnings.
TUI has cancelled all holidays to Egypt with the exception of some Red Sea packages leaving from the UK. Should the British government choose to change its current stance and warn against travel to such Red Sea resorts (as other governments have done), it could cost TUI an additional £5 million.