Spectacular results put Arcadia in positive light

Retail tycoon Philip Green’s Arcadia Group shot to the top of this week’s Reputation Monitor following publication of its results.

After repaying the entire £808m debt of the group and announcing a £500m dividend, Green was hailed in much of the coverage as the man with the Midas touch.

This rubbed off on Arcadia-owned Bhs, putting the retailer in third place. Analysts also mulled over the prospect of Green making a second attempt at taking over Marks & Spencer.

An overseas expansion through a Korean joint venture and the announcement of a free cab service for central London customers ensured that Tesco remained a high performer in second place this week.

Elsewhere in retail, a second profit warning in eight days and its worst pre-tax results in its 135 years did Sainsbury’s no favours as it continued to languish at the bottom of the table.

Meanwhile, the failed sale of internet bank Egg (fifth from bottom) and an abandoned merger of its US business with American General that culminated in a £1bn rights issue saw life assurer Prudential plummet in the table as investors pressed for the resignation of chief executive Jonathan Bloomer.

Reputation Monitor is compiled from Thomson Intermedia’s National News Index, a measure of media sentiment that excludes stock market reports and passing mentions.

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