All City & finance articles – Page 208
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NewsSainsbury's-Asda: CMA kicks off investigation
The Competition and Markets Authority (CMA) has begun its investigation into the mega-merger between Sainsbury’s and Asda.
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NewsLaura Ashley profits dwindle despite fashion sales rise
Laura Ashley chairman Khoo Kay Peng was “disappointed” as rising fashion and online sales failed to offset a slump in the retailer’s preliminary profits.
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AnalysisHouse of Fraser: Who is owed what?
The administration of House of Fraser earlier this month left unsecured creditors almost £500m out of pocket. Here we look at some of the businesses to suffer and how much they were owed.
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NewsOffice Outlet launches CVA proposal
Office Outlet aims to shut four of its 95 stores in response to tough trading conditions.
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NewsHarrods’ Ward backs Ashley’s HoF turnaround ambition
Harrods managing director Michael Ward has spoken out in support of Sports Direct tycoon Mike Ashley’s ambitions to restore House of Fraser’s fortunes.
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AnalysisOpinion: Now Ashley needs to convince the City too
Mike Ashley doesn’t just need to convince suppliers that his plan for House of Fraser will work – he must get investors on side too.
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NewsSports Direct deal was HoF’s only option, says EY
Sports Direct’s bid for House of Fraser was “the best and only offer capable of being completed”, according to administrator EY.
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NewsB&Q sales rise as warm weather boosts performance
Kingfisher-owned DIY specialist B&Q notched up like-for-like growth of 3.6% in its second quarter, helped by good weather.
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NewsNotonthehighstreet swings to profit despite sales fall
Notonthehighstreet.com reported a swing into the black in its latest full-year results, spurred by a shift in marketing strategy to focus on more profitable customers.
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OpinionOpinion: Spotting winners in the new retail market
Last November I began listing distressed retailers. I could already see then I would need a record to keep track of the growing number.
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NewsPoundworld brand could be resurrected by rescue bid
The Poundworld brand and a handful of its shops could be saved following an eleventh hour rescue bid by Irish retail family the Hendersons.
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NewsSports Direct acquires House of Fraser for £90m
Sports Direct has bought House of Fraser out of administration for £90m following a battle to control the beleaguered department store chain.
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NewsHouse of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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NewsCard Factory trims profit guidance despite sales rise
Card Factory has downgraded its full-year profit expectations despite registering a boost in interim sales.
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NewsHoF creditors to pick a rescue bid as early as today
House of Fraser’s lenders could reportedly decide on bids from at least three white knights today, including Mike Ashley, Philip Day and Alteri Investors.
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OpinionOpinion: Will the sun shine on B&Q owner Kingfisher?
After the noises made by Wickes’ owner Travis Perkins, many would be forgiven for thinking it was time to send out a retail DIY SOS.
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NewsOver 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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NewsWhite Stuff profits halve as 'test and learn' misfires
White Stuff has recorded a slump in sales and profits after a ‘test and learn’ product strategy misfired and heavily constrained trading in the first half.
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NewsScS like-for-likes nudge up as soft trading hits
ScS’ like-for-likes inched up over the year with softer trading and extreme weather hitting its second half.
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NewsZalando expects profits at lower end of target range
Zalando is forecasting its profits will be at the lower half of its target range despite order and customer numbers spiking in the second quarter.