All City & finance articles – Page 164
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NewsM&G suspends property fund as Brexit and retail landscape take toll
Property fund M&G has banned all withdrawals, blaming Brexit and the retail downturn for the decision.
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NewsDunelm profits to beat expectations amid margin gains
Dunelm has said it expects full-year profits to come in “higher than previous expectations” after a period of “strong sales growth”.
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NewsJoules sales climb despite ‘challenging’ September
Joules has posted an increase in sales during the first half of its financial year despite suffering what it called a “challenging” September.
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NewsClintons seals pre-pack admin deal saving 2,500 jobs
Greetings cards specialst Clintons has been bought out of administration by Esquire Retail Limited, safeguarding all 2,500 jobs.
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OpinionOpinion: Has Ocado bitten off more than it can chew with Aeon deal?
It has been another tumultuous few days on the rollercoaster ride that is the Ocado share price.
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NewsMorrisons promotes two in management reshuffle
Morrisons has reshuffled its management team with two senior appointments, leading its boss to praise the supermarket’s “strong management development plans”.
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NewsQuiz swings to loss as brand blames ‘challenging market conditions’
Quiz has swung to a loss before tax and seen its underlying EBITDA more than halve in what the fast-fashion group called a “continued challenging market”.
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OpinionLeader: Black Friday boost isn’t all it seems
It was a tale of two Novembers for retailers, the latest sales stats showed.
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NewsJohn Lewis sales spike driven by Black Friday bargains
John Lewis’ weekly sales soared in after a “record” performance for the retailer as price matching and strong demand for fashion and home technology bolstered performance.
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NewsDr Martens owner sets sights on £1bn sale
Dr Martens’ owner – private equity firm Permira – is looking to sell the shoe brand for £1bn.
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NewsHolland & Barrett owner urged to provide cash injection
The owner of health food specialist Holland & Barrett has been urged by lenders to provide additional cash as tough high street conditions bite.
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NewsTed Baker discovers £25m stock overstatement
Ted Baker has revealed that the value of stock held on its balance sheet has been overstated by between £20m and £25m.
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NewsOcado launches £500m bond issue to fund tech commitments
Ocado has unveiled a £500m convertible bond issue following a string of deals with international retailers.
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NewsSports Direct boss Ashley settles US legal row
Sports Direct founder Mike Ashley has resolved a legal dispute in the USA a day after a court there demanded he gave evidence.
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NewsFortnum & Mason profits soar after strong multichannel performance
Fortnum & Mason has reported soaring profits and sales for the year off the back of what it described as strong multichannel performance.
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NewsTrouva secures £17m investment to fuel overseas expansion
Trouva has raised £17m in its latest funding round to expand its international store network and has launched a dedicated German website.
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NewsTOFS sales fall but boss heralds CVA for improved profitability
The Original Factory Shop (TOFS) has recorded declines in full-year sales and profits but boss Emma Fox credits the retailer’s CVA for improving profitability.
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OpinionTOFS CEO: A CVA isn’t a quick fix – but it was right for our business
The growth in ecommerce, the much-discussed high rents and business rates, combined with lower high street and retail park footfall and rising wage costs have created the perfect storm in our industry – one that is proving very challenging to weather.
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NewsIceland and New Look investor Brait eyes assets sale
Brait, a leading shareholder in retailers Iceland and New Look, aims to realise its investments within five years.
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NewsSosandar sales soar in first-half as investment pays off
Sosandar, the online womenswear specialist, has posted a rise in first-half sales and said investment was powering progress at the business.