Financial service group RBS has selected Novare Investments to be the multi-manager of RBS's Quantum Elite Portfolios after a thorough review of a number of multi-managers, RBS Benefit Holdings Managing Director Graeme Brien said.

 

Shoppers make changes to spending habits following recession

UK households are continuing to struggle to make ends meet, despite the recession being "over", according to a new report by Shoppercentric, an independent agency specialising in shopper behaviour research.
 

UK retail sales get World Cup boost in June

British retail sales volumes received a World Cup boost in June after strong sales of electrical goods drove a faster-than-expected 0.7 percent monthly rise, official data showed on Thursday.

 

kalahari.net aims to emulate eBay

Johannesburg – Since launching its online marketplace for new and used products in February, e-retailer kalahari.net has recorded average monthly sales growth of 55% for this new division.
 

South Africa's Woolworths sees full-year earnings up 55 percent

South African retailer Woolworths said on Wednesday it expects its full-year earnings to rise by up to 55 percent, helped by recovering demand in Africa's biggest economy.

 

Digital books outsell hardbacks by 80% at Amazon

Amazon.com, the largest online book retailer, sold more digital books than hardback titles in the second quarter.

 

Pick n Pay to upgrade distribution

Johannesburg - Proceeds from the sale of the Australian business Franklins will help Pick n Pay Stores [JSE:PIK] fund the roll-out of distribution centres, CEO Nick Badminton said on Tuesday, as the group tries to catch up with competitors on supply chain efficiency.
 

Tough conditions weigh on Ellies

Johannesburg - Electronic products company Ellies Holdings [JSE:ELI] on Tuesday reported diluted headline earnings per share of 23.18 cents for the year ended April 2010, from 24.08 cents a year ago. A cash dividend of five cents per share was declared.
 

London retail sales increase

U.K. house prices fell in July from the previous month as the number of new sellers outnumbered potential buyers, adding weight to forecasts that after gaining in the first half of 2010, house prices will end the year little changed from January, according to a survey by Rightmove published Monday.
 

China: Retail sales continue strong growth

Retail sales across China jumped up 18.3% year-on-year to 1.23trn yuan in June, according to the National Bureau of Statistics today, continuing the steady growth seen throughout this year.
 
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South Africa looks to China for infrastructure lift

BEIJING - South African President Jacob Zuma on Tuesday urged China to invest more in infrastructure and manufacturing in his country, as his government seeks to broaden South Africa's economic appeal beyond mines and resources.

DTH delisting sanctioned

The court has sanctioned JSE-listed Dynamic Technology Holdings' (DTH's) buyout by Xantha Properties, the last approval the company needed for the deal to go ahead.

Nashua Mobile preparing for LCR market shift

Nashua Mobile, the independent telecommunications service provider in the Reunert Group, is moving ahead aggressively with new partnership agreements and the development of new products to prepare for reductions in mobile interconnect rates over the next three years.

SA economic drag anchors fully deployed

Reportedly, the Reserve Bank may only consider cutting interest rates if growth takes a (decided) turn for the worse and inflation remains non-threatening, with downside risk.

June retail trade sales expected to increase

SOUTH African retail trade sales at constant (2008) prices for June are expected to increase to 7.4% year- on-year from 4.6% in May, according to a survey of leading economists.



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