All City & finance articles – Page 356
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NewsSignet promotes from within as chief executive resigns
Signet has promoted chief operating officer Mark Light as chief executive after current incumbent Mike Barnes resigned.
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NewsHome Bargains profits jump as it plots expansion in the south
Value retailer Home Bargains pretax profits jumped in the year to June 30 as it plots expansion outside of its northern heartland.
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OpinionComment: Boohoo for investors as etailer trades below IPO price?
Shares in fashion etailer Boohoo have frequently traded below the 50p placing price since listing, despite it being a growth story.
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NewsTesco suspends another three executives but no more thought likely
Tesco has suspended a further three executives as it delves deeper into the investigation into the £250m profits overstatement.
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NewsMulberry issues another profit warning as first-half revenues dive
Mulberry has issued a profit warning after a plunge in revenues in the face of “continuing headwinds affecting the luxury sector”.
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NewsCarpetright reports UK like-for-likes up 7% in second quarter
Carpetright has reported like-for-like sales in the UK up 7% and total sales up by 5.7% in the 11 weeks to October 11, 2014.
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NewsEtailer Boohoo reports pre-tax profits up 23% and sales up 31%
Newly-floated fashion etailer Boohoo.com has reported pre-tax profit up 23% to £4.5m in the six months to August 31, 2014.
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NewsTesco director draws up list of possible successors to chairman
A Tesco director is understood to be drawing up a list of possible successors to chairman Sir Richard Broadbent following its accounting crisis.
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NewsFormer Wiggle boss Humphrey Cobbold in bid for Sofa.com
Former Wiggle chief executive Humphrey Cobbold is working on an offer for Sofa.com alongside buy-out group Close Brothers.
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NewsAsda profits rise despite challenging grocery market
Asda operating profits were up 18.2% to £993.9m last year despite the tough market conditions.
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NewsPaperchase's owner hires advisers for potential £150m sale of business
Paperchase’s owner Primary Capital is considering a £150m sale of the business after being approached by several bidders.
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NewsThorntons' sales plunge 11.9% in first quarter as it transforms into FMCG business
Thorntons’ sales plunged 11.9% during its first quarter due to fluctuations in its quarterly reporting as it transforms itself into an FMCG business.
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NewsTesco to part company with Ken Hanna and Jonathan Lloyd
Tesco is parting ways with company secretary Jonathan Lloyd and the chairman of its audit committee Ken Hanna.
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NewsN Brown boss said it was 'knocked sideways' by warm September
N Brown boss Angela Spindler said the retailer was “’knocked sideways” by the unusually warm weather that led the company to issue a profit warning.
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NewsMothercare launches rights issue after shareholders back digital plan
Mothercare’s rights issue has gone live after shareholders overwhelmingly supported the plan to raise £100m for a digital transformation.
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NewsJessops turns profit in first full year under owner Peter Jones
Jessops has turned a profit in its first full financial year under owner and Dragons’ Den star Peter Jones as it plans to open stores.
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NewsDFS to open first international store in Netherlands as profits rally
DFS is to launch its first international store in the Netherlands this year on the back of improved sales and profits in its second half.
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NewsN Brown issues profit warning after warm autumn hits demand
N Brown has issued a profit warning as it becomes the latest fashion retailer to be hit by unseasonably warm weather in September.
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NewsBonmarché launches menswear to appeal to women buying for husbands
Mature fashion retailer Bonmarché has launched a menswear range in 50 stores and online as it targets women buying for their husbands.
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NewsTesco investors ready to support a capital-raising
Several institutional investors in Tesco have signaled that they would back a capital-raising of £1bn to £2bn, according to reports.