All City & finance articles – Page 367
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NewsTesco investigation into accounting scandal to reveal evidence of cover-up
Tesco’s investigation into the overstating of its profits by £250m has allegedly found evidence of a cover-up as executives struggled to meet commercial targets.
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NewsMade.com secures £5m from Silicon Valley Bank to accelerate growth
Made.com has secured £5m of financing from Silicon Valley Bank to help it expand in its UK and international markets.
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NewsWickes sales jump in third quarter as transformation plan kicks in
Travis Perkins’ consumer arm, largely comprising of Wickes, increased like-for-like sales by 6.4% as its transformation plan kicks in.
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NewsTesco’s chief executive Dave Lewis prepares to brave City spotlight
Tesco’s CEO will present the retailer’s first results under his leadership to the City, as well as outlining his priorities to investors.
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OpinionAnalysis: Never mind the carpets, WHSmith's results show it is doing well
WHSmith may be the butt of sarky humour but there is little doubting the retailer’s prowess after it reported a 9% surge in profits.
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NewsLegendary investor Warren Buffett sells 245m Tesco shares
Warren Buffett has sold 245m of his shares in ailing grocer Tesco, leaving the legendary investor’s Berkshire Hathaway firm with a stake of less than 3%.
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NewsTesco 'leaderless' says supplier as accounting scandal creates culture of fear
Tesco’s accounting scandal has created a culture of fear among its buyers and is impeding the running of the business, according to one of its major suppliers.
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NewsWHSmith profits surge 9% despite sales fall as it ups cost savings
WHSmith’s full-year pre-tax profits rose 9% despite a 3% like-for-like sales dip and the retailer is raising its high street cost savings target.
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NewsGame more than doubles profits after 'transformational year'
Game’s adjusted EBITDA soared 117.4% to £51.3m in what chairman David Hamid termed a “transformational year” for the newly floated retailer.
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NewsPaperchase boss Timothy Melgund plans to retain stake in business after sale
Paperchase chief executive Timothy Melgund plans to retain a stake in the retailer as the company’s private equity owner gears up for a sale.
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NewsBoohoo.com on the hunt for first ecommerce boss as profits surge
Boohoo.com is looking to hire its first ecommerce director as its pre-tax profit soared in its first six months as a listed business.
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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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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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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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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.