All City & finance articles – Page 352
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NewsSainsbury's reports interim profits down 6% as it unveils fightback plan
Sainsbury’s has reported falling first half profits and unveiled plans to invest in price and quality to fight back in the new era of grocery retailing.
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NewsThe Range pre-tax profits jump 30% as it rolls out new stores
The Range increased annual pre-tax profits by 30% year on year on the back of opening new stores while maintaining fixed cost levels.
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OpinionComment: B&M’s maiden results will show its ‘treasure hunt’ appeal
B&M Bargains, the value variety store group that pitches itself as a treasure hunt experience for shoppers, posts maiden interims next week.
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NewsNew Look half-year sales and profits up but remains cautious for outlook
New Look has reported sales and profits up for its half year but remains cautious for the full year owing to the warm autumn weather.
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AnalysisAnalysis: Has Marks & Spencer at last turned the corner?
Last week’s interims gave grounds for optimism that M&S is getting back on course, but the retailer is not quite there yet.
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AnalysisInternational news analysis: Alibaba is living up to the hype
Alibaba’s first trading statement since its IPO has created a stir, with the quarter to the end of September surpassing expectation.
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NewsSainsbury’s to scale back store openings and cut dividend
Sainsbury’s is to scale back its store-opening programme and cut its dividend as it aims to combat falling sales.
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NewsBreakfast briefing: Retail news on Sainsbury's and Tesco
Retail news round-up on November 10, 2014: Sainsbury’s to scrap store openings programme,Warren Buffett loses $678m on Tesco investment, Tesco surrenders top spot in entertainment sales to Amazon
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NewsHalfords sees scope for 100 bike shops in towns across UK
Halfords boss Matt Davies said he can see scope to open 100 new small-format Cycle Republic shops in major towns and cities.
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NewsMike Ashley's Sports Direct places new bet on Debenhams
Mike Ashley’s Sports Direct has disposed of its 4.6% stake in Debenhams but has entered into a put option for a further 6.1% share.
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OpinionComment: If Morrisons can win shopper loyalty it can win over investors
Morrisons suffered another sharp fall on like-for-like sales at its stores over the past quarter to November 2, when sales fell 6.3%.
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NewsGo Outdoors reports increase in full-year sales and earnings
Specialist retailer Go Outdoors has reported an increase in sales and earnings after making a range of improvements to the business.
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NewsHalfords sales and profits rise in first half as retail strategy kicks in
Halfords’ profit before tax and non-recurring items increased 10.8% to £49.4m in the first half as its retail strategy bore fruit.
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NewsMorrisons 'encouraged by progress' despite 6.3% like-for-like fall
Morrisons’ like-for-likes excluding petrol slumped 6.3% in the 13 weeks to November 2 and total sales excluding fuel were down by 3.6%.
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AnalysisIn the news: John Lewis’s marketing director Craig Inglis profiled
The man responsible for John Lewis’s Christmas campaign had to fight scepticism of marketing at the department store group.
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AnalysisInfographic: Marks & Spencer first half results beat expectations
Marks & Spencer posted better than expected first-half results despite unseasonably warm weather taking a toll on sales at its pivotal clothing division.
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OpinionComment: What do M&S’s results mean for CEO Marc Bolland?
A year ago the Marks & Spencer interims on November 5 were a damp squib, but today the shares have taken off like a rocket.
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NewsMarks & Spencer's first half results: What the analysts say
Marks & Spencer beat expectations as underlying pre-tax profits rose 2.3% to £268m in its first half. Retail Week takes a look at the City’s reactions.
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OpinionComment: As profits rise, M&S may at last be moving in the right direction
There’s not much in retail that’s worse than a minus in front of a sales or profit figure but M&S looks as if it’s going the right way.
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NewsMarks & Spencer first-half results beat expectations
Marks & Spencer has posted better than expected first-half results despite warm autumn weather taking a toll on sales at its pivotal clothing division.