All City & finance articles – Page 379
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NewsSainsbury's full-year profits up 5.3% as boss Justin King prepares to bow out
Sainsbury’s has reported underlying pre-tax profit up 5.3% to £798m in the year to March 15 as chief executive Justin King prepares to leave.
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NewsShop prices deflated for the twelfth consecutive month in April
Shop prices fell again in April, driven by non-food, according to the British Retail Consortium (BRC) – Nielsen Shop Price Index.
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NewsBargain Booze owner Conviviality acquires rival's stores for £1.7m
Bargain Booze owner Conviviality has acquired 26 stores from Bibby Retail Services’Rhythm and Booze chain for £1.7m.
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NewsHedge funds gamble on drop in Sainsbury's share price
A number of hedge funds are gambling on Sainsbury’s share price falling because they believe its value could be hit by the supermarket price war.
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NewsMothercare calls in PwC to renegotiate banking covenants
Mothercare is in talks with its lenders to relax its banking covenants just seven months after securing a £90m refinancing deal.
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NewsBreakfast briefing: Retail news on Morrisons, Amazon, Tesco, Mothercare and more
Retail news round-up on May 6, 2014: Morrisons apologises for ad stunt, Amazon and Twitter ink tie-up, Tesco launches pound zones and more.
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NewsMothercare asks for supplier concessions to claw back margin
Mothercare has asked its suppliers for concessions, Retail Week has learned, as it vies to claw back margin that has been hit by the price war in the sector.
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NewsFat Face confirms intention to float in a bid to raise £110m
Fashion retailer Fat Face has confirmed its intention to float, bidding to raise £110m.
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News
Fat Face to confirm IPO plans tomorrow
Fat Face is to reveal plans to float on the London Stock Exchange tomorrow and is expected to reveal a board that includes former Carpetright boss Darren Shapland.
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AnalysisHome Retail full-year figures: What the analysts say
Home Retail, which owns Argos and Homebase, revealed benchmark full-year pretax profit increased 27% to £115.4m. Retail Week looks at what the analysts say.
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NewsThorntons sales fall across third quarter despite "good" Easter performance
Thorntons sales fell 7.6% to £57.7m in its third quarter despite the Easter holiday falling in the period.
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NewsNext increases full-year expectations after bumper first quarter
Next increased full-year pre-tax profit growth forecasts after total sales surged 10.8% in its first quarter.
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NewsHome Retail full-year sales and profits up as Argos eyes new formats
Home Retail has reported a rise in full-year sales and profits as both its Argos and Homebase brands reported “good performances”.
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OpinionNick Bubb's verdict: Shoe Zone – a surprise entry in the retail IPO list
With all eyes on the ikes of Fat Face and B&M, Shoe Zone has come in from left-field to enter the retailing IPO arena.
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OpinionComment: Does Shoe Zone make a good fit for an IPO?
Shoe Zone is not the sort of retailer to which City types rush to spend their bonuses, or their regular salaries for that matter.
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NewsTesco boss Clarke faces renewed pressure over credit rating warning
Tesco boss Philip Clarke faced renewed pressure after rating agency Standard & Poor’s warned of a potential cut to its credit rating.
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NewsCarphone Warehouse like-for-likes edge up 2.3% in fourth quarter
Carphone Warehouse’s like-for-likes edged up 2.3% in its fourth quarter to March 29 despite the retailer’s strong comparatives last year.
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NewsBreakfast briefing: Retail news on Tesco, footfall and Irish retail sales
Retail news round-up on April 29, 2014: Tesco boss Philip Clarke comes under fresh pressure over S&P’s changed outlook, footfall across UK high street plunges 7.3% last week and Irish retail sales up 8.9% in March.
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AnalysisAnalysis: Better Bathrooms secures £10m to fuel showroom expansion
UK independent bathroom retailer Better Bathrooms has secured £10m funding from the Business Growth Fund to fuel its expansion.
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AnalysisAt a glance: Shoe Zone today and its plans for future growth post IPO
Shoe Zone has revealed that it plans to float next month in a deal that could value the footwear retailer at up to £100m. Retail Week takes a look at how the business operates and its plans for future growth.