Robert is Assistant Editor of Reuters Breakingviews, based in London. He has a special focus on investment, writing about it on a global basis. Robert worked for The Times, in London, in a variety of writing and editing capacities from 1998 to 2010. For nearly 10 years he edited the newspaper’s daily Tempus investment column. He was also deputy business editor, acting business editor, a leader writer, the chief obituaries writer and a news editor in the home affairs department. Prior to joining The Times, Robert worked on The Independent and the London Evening Standard. His most recent book is called The Unwritten Laws of Finance and Investment (Profile, 2010). As a part-time lecturer, Robert led the financial journalism specialism at The City University in London in 10 academic years between 1995 and 2007. Follow Robert on Twitter @RobertCole7
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Shares in the UK do-it-yourself retailer have slid on the impact of currency and exposure to the weak French economy. It’s probably not what outgoing chief Ian Cheshire wanted. But as Tesco has shown, it can be helpful to a successor to start with already lowered expectations.
Package delivery is one of the few sources of growth for the UK postal company. But online giant Amazon is now doing its own shipping, leading Royal Mail to cut its revenue aspirations in parcels from 4 pct to 1-2 pct. Grim trading reality is out of kilter with the share price.
The beer is getting weaker at the world’s No. 2 brewer. Volumes fell 1 pct in the first half. Australia, where SAB did its last big deal, is proving especially tricky. It is faring better in soft drinks. But the stock’s high rating has scant support without M&A upside.
- Sainsbury ends UK retail denial on property
- Marks & Spencer fashions a handsome step forward
- AB InBev miss pushes dividends to the fore
- Tesco fails to answer key strategy questions
- Rolls-Royce enters new era of uncertainty
- Nestle needs to step up pace of change
- Tesco rights issue would be a tough sell