Trevor Moore, the chief executive of camera chain
Jessops, is leaving the business. The Leicester Mercury reports that chairman
Martyn Everett takes up the post of executive chairman when Moore
leaves at the end of this month. There are currently no plans to
appoint a new chief executive.
Next has lost its bid to claim £20 million
in tax relief on its investment in two warehouses. The Mail’s financial column reports that Next
had hoped to offset the sum against its profits using the
Industrial Buildings Allowance, which would have reduced its tax
bill by £3 million. The Court ruled that Next was not
eligible for the relief as it was only storing the clothes in the
warehouses. To claim, it would have to use the space to turn raw
materials into finished items.
Sales of Raspberry Pi, the credit card-sized computer designed to
promote the development of computer skills in education, helped
UK sales at Electrocomponents rise 5 per cent in
the first quarter ended 30th June. Overall sales were flat,
however, as the international business declined 2 per cent.
“Falling inflation and a pick-up in consumer spending will
help the UK return to growth in the second half of the
year”, reports the BBC, citing the latest Ernst & Young Item Club
quarterly forecast.
Following the announcement last week that Flying Brands
had sold Gardening Direct to Jersey
Choice, the Jersey Evening Post reports that up to a
dozen jobs may be lost.
Sporting goods website ActivInstinct is featured
in a Daily Mail piece on the pre-Olympic sales
spikes titled “Better late than never”.
Luxury department store Harrods has appointed
John Edgar as its new chief financial officer. Edgar joins from
Selfridges where he was group finance
director.
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