All City & finance articles – Page 365
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NewsCo-op sells farming business for £249m to focus on retail business
The Co-op is selling its farming business for £249m to the Wellcome Trust as it seeks to focus on its core retail and consumer services.
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NewsOffice is believed to be preparing for stock market flotation in 2015
Office is believed to be preparing for a stock market flotation of the business that would value the company at £300m.
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NewsHomebase circled by turnaround firms Apollo and OpCapita
Homebase has attracted the interest of turnaround investors Apollo and OpCapita, who are understood to be working on a takeover bid.
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NewsBreakfast briefing: Retail news on Homebase, Office and Industrie
Retail news round-up on August 1, 2014: Turnaround firms circle Homebase, Sir Terry Leahy invests in tech start-up, Office eyes flotation and more.
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OpinionComment: Low levels of profit warnings are testament to restructures' success
An unusually low level of profit warnings among retailers makes interesting reading as warnings across all companies hit three-year high.
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NewsBonmarché like-for-likes up as summer ranges and warm weather boosts sales
Value fashion retailer Bonmarché has reported a 13.5% surge in like-for-likes in the 13 weeks to June 28.
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InterviewQ&A: Pets at Home chief executive Nick Wood on its sales growth
Pets at Home reported a like-for-likes increase after strong performance from its loyalty programme. We speak to chief executive Nick Wood.
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NewsInfographic: Pets at Home expansion plans for 2015
Pets at Home has unveiled its expansion plans for next year after posting a like-for-like sales increase of 4.1% for its first quarter.
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News
Wickes turns to branded products as it eyes store estate expansion
DIY retailer Wickes is doubling the number of branded products it sells in response to customer demand as it eyes further store openings.
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NewsPets at Home like-for-likes jump 4.1% on back of growing loyalty scheme
Pets at Home like-for-likes have grown by 4.1% in its first quarter after building on momentum created by its VIP Club loyalty programme.
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NewsWickes sales and profits increase in first half
Travis Perkins’ consumer arm, largely comprising of Wickes, has posted rising sales in its first half, with “solid growth” expected for the year.
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NewsAnalysis: New Morrisons chairman Andy Higginson's 'to do' list
Incoming Morrisons chairman Andy Higginson has a big task on his hands at the grocer. Retail Week looks at what his priorities might be.
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OpinionComment: Morrisons pulls off a coup by drafting in Andy Higginson
Andy Higginson’s appointment as chairman of Morrisons makes him the first of Tesco’s golden generation of leaders to take up cudgels at one of his alma mater’s direct competitors.
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AnalysisIn the news: Debenhams incoming chief financial officer Matt Smith profiled
Mothercare’s Matt Smith was given one of the top jobs in retail finance over the weekend when he was unveiled as the new chief financial officer of Debenhams.
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NewsCarpetright records quarterly sales growth up 5.2%
Carpet and floor coverings specialist Carpetright has posted total sales up 5.2% in the 13 weeks to July 26.
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NewsNext raises full-year profit guidance for second time this year
Next has increased its full-year expectations for the second time this year, following a bumper first half as it hits the expansion trail for its home format.
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NewsMorrisons appoints retail heavyweight Andrew Higginson as its new chairman
Morrisons has hired retail heavyweight and former Tesco finance director Andrew Higginson as its new chairman, as he steps down from Poundland.
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NewsBreakfast briefing: Retail news on Morrisons, Next and Carpetright
Retail news round-up on July 29, 2014: Poundland appoints former Carpetright boss Darren Shapland as its chairman, Next raises full-year profit guidance for second time and Carpetright posts 5.2% sales jump
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NewsB&M reports first-quarter like-for-like sales rise of 6%
Newly floated value retailer B&M has posted strong first-quarter sales growth and said that full-year guidance is in line with expectations.
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NewsMothercare finance boss Matt Smith to leave for Debenhams
Department group Debenhams has named Matt Smith as chief financial officer.