All City & finance articles – Page 359
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NewsDFS reports 53% surge in profits following 'record' 12 months
DFS has reported a 53% surge in profits for its first quarter, ending a “record” 12 months period for the furniture retailer.
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NewsTesco and auditor PwC to be investigated by Financial Reporting Council
The Financial Reporting Council (FRC) has launched an investigation into the role auditor PwC has played in the overstating of Tesco profits.
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NewsKingfisher sells controlling stake in B&Q China for £140m
Kingfisher has sold a controlling stake in its B&Q China business to Wumei Holdings for £140m as it seeks to focus on its European business.
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NewsConsumer confidence falls to its lowest level since March
Consumer confidence has fallen two points in December to its lowest level since March as uncertainty about next year rises.
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NewsChristmas spending grows 4.2% on last year following Black Friday boost
Consumer spending was up 4.2% on last year over the first part of the Golden Quarter, according to Barclaycard spending data.
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NewsBreakfast briefing: Retail news on Amazon, Ikea, consumer confidence and more
Retail news round-up on December 19, 2014: Amazon launches one hour delivery service; Ikea suspends sales in Russia; Christmas delivery delays impact etailers; Consumer confidence dips; Tesco Mobile launches personalised gif shop
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NewsMySale co-founder considers buying more shares in wake of profit warning
MySale chief executive Carl Jackson is interested in buying shares worth up to £3m in the troubled etailer.
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NewsBreakfast briefing: Retail news on Tesco, Ikea and Virgin Wines
Retail news round-up on December 18, 2014: Tesco’s accounting black hole may be bigger than feared, Ikea customer anger over delivery delays, Virgin Wines offers locker collection service
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NewsChristmas success rides on final days after shopping patterns skewed
Retailers are banking on a last-minute shopper rush for seasonal success after Black Friday disrupted shopping patterns in the golden quarter.
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NewsApple suspends online trading in Russia amid financial concerns
US technology giant Apple has suspended trading online in Russia amid the ongoing chaos over the country’s financial situation.
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AnalysisDixons Carphone's first half results: What the analysts say
Dixons Carphone said pre-tax profit soared 30% in its first half since its merger. Here’s what the analysts thought about the results.
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NewsDixons Carphone profits up 30% as merger integration exceeds expectations
Dixons Carphone’s profits before tax surged 30% in the first half and integration following the merger is one year ahead of schedule.
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NewsJigsaw full-year sales and profits up despite 'challenging' market
Fashion retailer Jigsaw has reported a rise in sales and profits amid “challenging retail conditions” in the year to September 27.
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NewsBreakfast briefing: Retail news on inflation, the Co-op Bank and Scotland
Retail news round-up on December 17, 2014: UK inflation decelerates in November, the Co-op Bank fails stress test, and sales in Scotland fall.
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OpinionComment: Carpetright’s new boss Wilf Walsh is a nice fit
When Wilf Walsh was appointed chief executive of Carpetright a few eyebrows were raised but things are looking up under his watch.
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NewsMySale profit warning to hit Mike Ashley and Sir Philip Green
Retail tycoons Mike Ashley and Sir Philip Green are facing paper losses after shares in etailer MySale, in which they are investors, slumped following a profit warning.
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NewsPetSmart sold to private equity firm BC Partners in £5.6bn deal
PetSmart has been sold to a consortium led by European private equity firm BC Partners for $8.7bn (£5.6bn).
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NewsCarpetright profits triple in first half as it halts international sales decline
Carpetright has recorded a tripling of pre-tax profits in its first half as it halts the sharp decline in its European businesses.
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NewsTesco tasks PwC with auditing stock management as it scraps supplier fees
Tesco has tasked its auditor PricewaterhouseCoopers with scrutinising stock management as it shakes up the sector by scrapping supplier fees.
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NewsOcado says sales boosted by rivals becoming distracted by discounters
Ocado has said its sales have benefitted from supermarket rivals becoming distracted by competing with the discounters.