All City & finance articles – Page 176
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NewsCustomer confidence slides amid political upheaval
Customer confidence declined across all measures in August as shoppers’ outlook on their personal finances and the economy faltered.
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VideoWatch: Would FTSE 100 relegation spell disaster for M&S?
As Marks & Spencer teeters on the brink of relegation from the FTSE 100 for the first time in its history, the team discuss what impact it could have on the high street bellwether.
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NewsMcColl’s sales slip in ‘highly unseasonable summer’
McColl’s has suffered a fall in third-quarter sales, which it blamed on a “highly unseasonable summer” and “ongoing macroeconomic uncertainty”.
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NewsHammerson launches Leeds City Quarters concept
Hammerson has unveiled plans for its latest City Quarters concept in Leeds, which will sit adjacent to its Victoria Gate shopping centre in the city.
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NewsTed Baker strikes Japanese licensing deal to drive growth
Ted Baker is to license its Japanese business, which at present is directly operated, to local partner Sojitz Infinity.
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NewsWHSmith posts strong full-year travel performance
WHSmith has reported strong trading at its travel division and performance in line with expectations at its high street arm.
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NewsFarfetch denies Barneys acquisition speculation
Online fashion specialist Farfetch has dismissed a report that it was considering acquiring bankrupt US department store business Barneys.
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OpinionLeader: Time for shareholder interests to take a back seat
Running companies primarily in the interests of shareholders is a business sacred cow that it is perhaps time to put out to grass.
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OpinionOpinion: Retail property owners need to fix their trust issue
There were many reasons for the 2008 financial crisis. Blame is often laid at the door of the subprime crises in the USA. But look deeper and some point to Bill Clinton repealing the Glass Steagal Act, which in turn, it is suggested, was a response to a lack of meaningful wage growth in middle America.
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NewsAgenda: WHSmith and McColl’s update the market
Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda.
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NewsReiss sales soar as investment pays off
Fashion retailer Reiss has reported a surge in first-half sales.
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NewsMulberry poaches longstanding Ted Baker finance director
Mulberry has appointed longstanding Ted Baker director as its new group finance director.
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NewsLaura Ashley slips into the red after homeware arm underperforms
Laura Ashley has reported a full-year pre-tax loss and seen like-for-like and total sales fall, which the retailer’s chair put down to the underperformance of its homeware arm.
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NewsTK Maxx owner quarterly sales and profits climb
TK Maxx’s parent company TJX has posted an uplift in second-quarter sales and income despite a decline in profit margin.
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NewsOverseas investors eye Morrisons and others due to weak pound
Stable retail businesses such as Morrisons are being eyed by overseas investors due to a drop in the price of sterling driven by ongoing uncertainty around Brexit, according to analysts.
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NewsGlobal Fashion Group sales rise and losses narrow
Global Fashion Group posted rising sales during its first half following the recent IPO.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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OpinionDoes Farfetch have to spend so much to make money?
When Farfetch made its $6bn debut on the New York Stock Exchange last September, the online marketplace was unlikely to predict it would face legal action from disgruntled investors less than a year later.
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OpinionOpinion: As Colley quits, Kingfisher’s ‘engine’ is running out of gas
DIY giant Kingfisher has spoken at length in recent months about building an “engine” that will drive its future success.
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NewsPoundland owner prepares for sale or float
Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.