All City & finance articles – Page 192
-
NewsMoody’s brands New Look debt 'unsustainable'
Moody’s has downgraded New Look’s credit rating, calling its debt levels “unsustainable” and its cash flow “insufficient”.
-
NewsMajestic swings to red amid customer acquisition plan
Majestic Wine has swung to a half-year loss as the retailer ramps up investment in acquiring new customers.
-
NewsMothercare losses swell in first half as UK sales tumble
Mothercare has suffered ballooning half-year losses as sales tumbled within its core UK business.
-
NewsKingfisher to quit Russia, Portugal and Spain in strategic refocus
DIY giant Kingfisher is to exit Russia, Portugal and Spain to concentrate on its main markets.
-
NewsAO.com shrinks losses and smart home drives sales
AO.com has posted reduced interim losses despite the UK market for white goods “becoming tougher than expected” as newer categories drove sales growth.
-
NewsBonmarché profits fall as store sales slide
Bonmarché has recorded a decline in its interim profits as boss Helen Connolly says “weaker consumer sentiment and footfall” hurt store sales.
-
NewsAgenda: AO, Kingfisher, Majestic, Mothercare and Intu
Retail Week looks ahead to the next seven days with updates from AO, Kingfisher, Majestic, Mothercare and Intu all on the agenda.
-
NewsAsda posts sixth consecutive quarter of sales growth
Asda has posted its sixth consecutive quarter of like-for-like growth as the grocer builds momentum ahead of its proposed merger with Sainsbury’s.
-
NewsEve Sleep seeks £15m investment to fund new CEO’s strategy
Eve Sleep’s newly appointed chief executive James Sturrock has unveiled his new strategy, which will home in on expanding the etailer’s product range and brand positioning.
-
NewsCard Factory like-for-likes flat as online drives sales
Card Factory has stemmed the decline in its like-for-like sales in its third quarter as it ploughs ahead with its store expansion programme.
-
NewsHolland & Barrett sales up, John Walden appointed chairman
Holland & Barrett edged up profits and posted its 38th consecutive quarter of like-for-like sales growth as former Argos boss John Walden is appointed chairman.
-
AnalysisAnalysis: Has B&M bitten off more than it can chew?
On the surface, B&M’s interim results would be the envy of many a high street operator, with pre-tax profit up 32.5% to £115m and group sales up 16% to £1.5bn.
-
NewsIntu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
-
NewsN Brown hit with £9m marketing VAT bill
N Brown has said it expects to pay an additional £6m to £9m in marketing costs from 2020 following a long-running dispute with HMRC.
-
NewsB&M like-for-likes creep up as profits rocket
B&M has reported soaring profits at its half-year mark despite UK like-for-likes only rising slightly.
-
OpinionOpinion: Is AO's mobile phone acquisition a smart call?
AO.com plans to dial up growth with the acquisition of online smartphone specialist Mobile Phones Direct – but does the purchase represent a smart call?
-
NewsAgenda: Asda, B&M, Card Factory, Kantar/Nielsen and Intu
Retail Week looks ahead to the next seven days with updates from B&M, Asda and Card Factory all on the agenda.
-
NewsAO World to acquire Mobile Phones Direct
AO World is to buy online phone retailer Mobile Phones Direct for £32.5m as it turns up pressure on Dixons Carphone.
-
AnalysisAnalysis: Asda can put Sainsbury’s food back on track
When Sainsbury’s and Asda lifted the lid on details of their proposed merger back in April, many analysts suggested it was the latter business which most needed the combination.
-
OpinionClive Black: Sainsbury's – thank goodness for Argos
Who would have thought it? Argos has been a much-abused label for many years in Britain’s investment community and yet it is the shining light in Sainsbury’s interim results.