All City & finance articles – Page 351
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NewsTesco poised to part ways with auditor PwC following accounting scandal
Tesco is understood to be on the verge of ditching its auditor PwC following the accounting scandal which saw the grocer report a £263m profits overstatement.
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OpinionComment: B&M’s results show the discounter must grow into its valuation
B&M’s interim results show that the retailer is a strong growth business, so why has its post-IPO share price been underwhelming?
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NewsB&M group in talks to acquire stores from six retailers
B&M is in talks to acquire stores from six retailers including a supermarket, as the group embarks on plans to become a ‘national retailer’.
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AnalysisIn the news: Marks & Spencer's new finance boss Helen Weir
M&S has gone shopping at John Lewis, picking up the Partnership’s finance boss Helen Weir to replace Alan Stewart who decamped to Tesco.
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OpinionComment: From banking to bras – why Helen Weir is right hire for M&S
Helen Weir may have been among banking group Lloyds’ top brass in the run-up to the financial crash but her appointment at M&S is welcome.
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NewsB&M sales and EBITDA jump after Jawoll acquisition and store expansion
B&M European Value Retail recorded a rise in EBITDA and revenue in its first half as expansion continued and it bedded in newly acquired Jawoll.
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NewsMarks & Spencer poaches John Lewis finance chief Helen Weir
Marks & Spencer has appointed John Lewis Partnership financial chief Helen Weir as its new chief financial officer.
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NewsScS eyes return to stock market six years after administration
Furniture retailer ScS has appointed bankers Investec as it eyes a potential return to the stock market six years after collapsing into administration.
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AnalysisMajestic's half-year results: What the analysts say
Sales at Majestic Wine increased 2.8% to £133.8m for the first half of the year, although profits slipped as the retailer invested.
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OpinionComment: Investing in retail is increasingly about technology investment
Virtually every list of tech start–ups includes a high proportion of enterprises aimed at the retail sector, mobile or ecommerce.
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NewsMajestic Wine sees sales rise but profits fall during first half
Majestic Wine Warehouse has reported a rise in sales but a fall in profits as it invested in infrastructure, technology and consumer insights.
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NewsMountain Warehouse reports 65% surge in first-half profits
Outdoor goods specialist Mountain Warehouse has revealed record first-half results and is expanding in the UK and overseas.
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NewsEntertainment group Game outperforms market as sales rise 17%
Game’s sales in its first quarter surged by 17% year on year as it grew faster than the games market generally.
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NewsTed Baker beats unseasonable weather to post steep sales rise
Fashion retailer Ted Baker has posted a 15.7% increase in group sales as it continued expanding the business internationally.
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OpinionBryan Roberts: Sainsbury's new strategic plan is a tipping point for UK grocery
A very overused cliché, but today might come to be seen as a tipping point in the evolution of the UK grocery sector.
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NewsWHSmith reports flat sales as travel division like-for-likes edge up
WHSmith has recorded an increase in sales at its travel division as it posts flat total group sales for the start of its financial year.
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AnalysisSainsbury's strategic review: What the analysts say
Sainsbury’s has made public the findings of new boss Mike Coupe’s strategic review and the City is digesting the implications.
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NewsBargain Booze to launch in Scotland as group like-for-likes slip
Bargain Booze owner Conviviality Retail has unveiled plans to expand into Scotland.
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NewsVideo: Sainsbury’s boss says death of superstore ‘grossly exaggerated’
Sainsbury’s boss Mike Coupe says the “death of the superstore is grossly exaggerated” despite stating a quarter of its stores have too much space.
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NewsCard Factory reports sales up almost 9% and appoints property director
Card Factory has reported a sales rise of 8.7% over a nine-month period and has named Tim Lloyd property director.