All City & finance articles – Page 362
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NewsArcadia full-year profits dip in challenging market conditions
Arcadia has posted a fall in pre-tax profits amid challenging conditions and a tough start to the new financial year following the warm autumn.
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NewsKingfisher's struggles in France continue as Sir Ian Cheshire bows out
Kingfisher has reported a 0.9% dip in like-for-like sales during its third quarter as sales suffered in a weak French market.
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NewsAo.com doubles EBITDA in first half as revenues surge 25.1%
Ao.com doubled its EBITDA for the first half of the year as sales during the period surged ahead of its first overseas expansion.
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NewsNew Look finalises sale of struggling French arm Mim
New Look has completed the sale of its French fashion business, Mim, to holding company Main Asia for an undisclosed sum.
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NewsGameStop sales drop below expectations as it warns on cheap digital games
GameStop posted third-quarter results below expectations after the delayed release of the Assassin’s Creed Unity game and falling software sales.
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NewsCasino's Cnova price disappoints as it lists on Nasdaq
Casino-owned etail group Cnova began trading on the Nasdaq Stock Market yesterday, after analysts expressed disappointment over its IPO price.
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NewsEx-JJB Sports chief executive Chris Ronnie found guilty of fraud
Former JJB Sports chief executive Chris Ronnie has been found guilty of a £1m fraud that helped to fund a luxury lifestyle.
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NewsBreakfast briefing: Retail news on ex-JJB Sports boss Chris Ronnie, Net-a-Porter and cross-border shopping
Retail news round-up on November 21, 2014: Ex-JJB boss found guilty of £1m fraud, Richemont considers Net-a-Porter IPO and China becomes biggest consumer of UK goods online
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AnalysisAnalysis: Mothercare’s turnaround efforts start to gain traction
Mothercare’s turnaround efforts seem to be gaining traction as the retailer’s underlying pre-tax profit jumped 65% to £3.3m in the first half.
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AnalysisMothercare's interim results: What the analysts say
Maternity specialist Mothercare, which new chief executive Mark Newton-Jones aims to turn around, has posted first-half numbers.
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NewsMothercare reduces UK losses as turnaround continues
Mothercare’s group underlying pre-tax profits were up 65% to £3.3m in the half year with the UK loss lessening as it continues its turnaround.
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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.