All City & finance articles – Page 163
-
NewsTed Baker £58m stock overstatement more than double previous estimates
Ted Baker has said that its stock overstatement has been valued at £58m, which is “materially higher” than initial estimates.
-
NewsPets at Home Christmas sales climb bolstered by pet-grooming services
Pets at Home has reported a strong rise in festive sales, driven by a record day of trading in the run-up to Christmas and a surge in demand for dog-grooming services.
-
NewsWHSmith Christmas sales rise despite high street decline
WHSmith has reported a rise in total sales over the festive period, however like for likes slipped as the retailer’s strong travel performance was dampened by a fall in high street revenue.
-
NewsDixons Carphone re-issues festive trading update after error
Dixons Carphone has been forced to re-issue its Christmas trading update after a clerical error in its original filing.
-
NewsAldi hikes pay rates for shopfloor staff
Aldi has hiked its base rate of pay for all shopfloor staff to what it has dubbed “market-leading” levels.
-
NewsEve Sleep breaks even for first time during fourth quarter
Eve Sleep has broken even for the first time during the fourth quarter of its financial year as it remained on track to slash losses.
-
NewsJoules profits hit by later fall of Black Friday
Joules has blamed the later fall of Black Friday for a slump in half-year profitability.
-
NewsSosandar to beat full-year sales target after record Christmas
Sosandar, the online womenswear specialist, will beat full-year sales expectations after a strong Christmas performance.
-
NewsIntu to raise new equity in battle to repair balance sheet
Retail property giant Intu intends to raise new equity as it seeks to fix its balance sheet.
-
NewsBeales collapses into administration
Department store Beales has fallen into administration today after a crunch meeting about the future of the business failed to prevent collapse.
-
NewsMoss Bros sales fall amid ‘challenging’ marketplace
Moss Bros has hailed “good progress” with its strategy despite a fall in sales during the second half of its financial year.
-
NewsHalfords maintains profit guidance after ‘solid’ festive sales
Halfords has maintained its full-year profit guidance after clocking up a “solid” sales performance during the golden quarter.
-
NewsTravis Perkins names new Wickes chair as demerger progresses
Travis Perkins has appointed a new chair designate of Wickes as part of its ongoing process to demerge the businesses this year.
-
NewsBooths Christmas sales rise boosted by own brand
Booths has posted a rise in Christmas sales as the grocery retailer’s like for likes increased, driven by sales of English wine and own-brand party food.
-
NewsVery posts Christmas sales rise bolstered by credit offering
Very.co.uk enjoyed a Christmas sales boost, but sister brand Littlewoods hampered parent company The Very Group’s overall festive trading.
-
NewsQuiz Christmas sales slump in ‘disappointing’ festive performance
Quiz has posted a fall in sales over the festive period across stores and online against what boss Tarak Ramzan has described as a “challenging” trading backdrop.
-
NewsDFS suffers sales fall but reassures on profits
DFS has reported a decline in sales but should hit earnings expectations despite tough trading conditions.
-
NewsBoohoo sales rocket over Christmas
Online fashion specialist Boohoo has posted a strong Christmas sales performance.
-
OpinionOpinion: Aldi’s Leader Price takeover will step up discounter push in Europe
Compared to other parts of the food retail business, the discounters are not renowned for their track record in mergers and acquisitions.
-
NewsThe Fragrance Shop smells success with Christmas sales boost
The Fragrance Shop has reported an uplift in Christmas sales bolstered by online growth, but full-year profits slipped in “tough” market, Retail Week can reveal.