All City & finance articles – Page 399
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NewsSainsbury's half-year profits up 7% with own brand driving growth
Sainsbury’s has reported underlying pre-tax profit up 7% to £400m for the 28 weeks to September 28, and total sales up 4.4% to £13.9bn.
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NewsPets at Home hires investment bankers as it plots float
Pets at Home is the latest retailer gearing up to float on the stock market after it hired investment banks to lead a £1.5bn listing.
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NewsDirect Wines sells etail business Virgin Wines
Virgin Wines, the online wine retailer, has been bought out by its management team in a £14m deal backed by Mobeus Equity Partners and Connection Capital.
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NewsNew Look boss rules out IPO as he plots international expansion
New Look boss Anders Kristiansen has ruled out launching an IPO in the next year as the retailer plots international expansion.
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NewsFormer Comet owner Henry Jackson on the hunt for retail investments
Controversial former Comet owner Henry Jackson is in talks to fund a number of new retail investments.
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OpinionComment: Big Brother really is watching at Morrisons
Morrisons has recently teamed up with Telefónica Dynamic Insights, the data arm of the O2 mobile network, to target consumers who shop at other grocers.
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NewsSuperGroup can be as big in Germany as UK, says Dunkerton
SuperGroup boss Julian Dunkerton believes its trendy fashion store Superdry could be as big in Germany as it is in the UK as it plots expansion in all the country’s major cities.
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NewsBreakfast briefing: Retail news on Tesco, Asda and Carphone Warehouse
Retail news round-up November 8, 2013: Tesco launches TV ad campaign, Three UK and Carphone Warehouse end partnership, Asda to open Barclays concessions and Heatons hits expansion trail.
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AnalysisAnalysis: Government's business rates delay sparks retail anger
A delay to the Government’s next rates revaluation has angered retailers and property professionals alike, with many believing it will lead to more pain on the high street.
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AnalysisInternational analysis: Focus on equity returns is costing Sears sales growth
Sears, the US department and variety store group, continues to break off parts of its business to generate equity returns and help reverse underperformance.
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NewsMorrisons' boss Dalton Philips pledges to return grocer to growth
Morrisons chief executive Dalton Philips has vowed to return the grocer to like-for-like growth next quarter despite a slump in third quarter sales.
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Opinion
Comment: Online entry won’t halt Morrisons decline
Morrisons is hoping to be showered with the riches of online and convenience, but in reality the belated entry into both has inflicted serious damage on the grocer. 2014/15 is set to be a painful year of slowly clawing back shoppers, rather than the breakthrough the grocer so badly needs.
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OpinionComment: Will Jim McCarthy stay at Poundland after an IPO?
Corporate action is on the cards at single-price retailer Poundland. An IPO is widely expected by City observers.
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NewsSuperGroup like-for-likes jump as it takes control of German stores
SuperGroup’s retail like-for-likes jumped 7.8% in its second quarter to October 27 as the trendy fashion retailer took control of its German franchise operation.
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NewsHalfords' first-half profits jump as turnaround gains pace
Pre-tax profit jumped 6.4% to £44.6m at bikes and car parts retailer Halfords in its first half to September 27.
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NewsMorrisons like-for-likes dip as it plots convenience and online push
Morrisons like-for-likes dipped 2.4%, excluding fuel, in its third quarter as it continues its push into convenience.
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NewsBreakfast briefing: Retail news on Morrisons, Halfords, SuperGroup, Next and more
Retail news round-up November 7, 2013: Morrisons like-for-likes dip 2.4% in its third quarter, Halfords pre-tax profits rise in first half and SuperGroup like-for-likes jump as it takes control of German stores.
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NewsMarks & Spencer's Leading Ladies campaign brings fashion boost
Marks & Spencer boss Marc Bolland has insisted there are signs of improving performance in the crucial womenswear category as lines featured in its Leading Ladies campaign sold well.
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OpinionComment: Marks & Spencer can learn from Primark’s success
Marks & Spencer boss Marc Bolland this week found himself unveiling a drop in first-half pre-tax profits on the same day as high street rival Primark announced rocketing full-year results.
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AnalysisMarks & Spencer’s first half: What the analysts say
Marks & Spencer reported underlying profit before tax was down to £261.6m in the 26 weeks to September 28, compared to £287.3m last year. Retail Week takes a look at what the analysts had to say.