All City & finance articles – Page 203
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NewsAgenda: Mike Ashley, McColl’s, Joules and Ted Baker
Retail Week looks ahead to the next seven days, with Mike Ashley’s meeting with MPs and updates from McColl’s, Joules and Ted Baker on the agenda.
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NewsIkea profits drop as it ramps up transformation spend
Ikea has suffered a slump in full-year earnings after ploughing investment into opening smaller stores and improving its ecommerce business.
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NewsWhittaker scraps Intu bid amid economic ‘uncertainty’
A consortium led by John Whittaker has scrapped its bid for shopping centre owner Intu, blaming macroeconomic “uncertainty” and “potential near-term volatility” in financial markets.
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NewsThe Range boss Nigel Oddy to exit after IPO put on ice
The Range chief executive Nigel Oddy is to leave the value retailer little more than a year after joining, Retail Week can reveal.
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NewsSainsbury's-Asda merger could increase prices, rivals warn
The proposed merger between Sainsbury’s and Asda could spark an increase in prices for consumers, two of its grocery rivals have warned.
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NewsPets at Home profits tumble amid vet business review
Pets at Home has suffered a slump in half-year profits amid plans to buy back around 55 veterinary practices from joint venture partners.
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NewsTopps Tiles profits slump amid store investments
Topps Tiles has suffered a sharp drop in full-year profits as it pressed ahead with investments in its store network and Parkside commercial division.
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NewsQuiz profits climb despite ‘challenging’ market
Quiz has posted an increase in sales and profitability despite what it called “challenging external market conditions”.
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OpinionOpinion: Majestic’s share price will regain its fizz
Majestic Wine’s share price has lost some sparkle since the retailer unveiled half-year numbers last Thursday.
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AnalysisAnalysis: Is there any hope for Mothercare?
Mothercare has reported a dismal set of half-year results that showed UK like-for-likes nosediving and losses spiralling.
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NewsAgenda: Quiz, Pets at Home, Topps Tiles and Intu
Retail Week looks ahead to the next seven days with updates from Quiz, Pets at Home, Topps Tiles and Intu all on the agenda.
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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.