All City & finance articles – Page 407
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NewsTheo Fennell attracts £2.9m bid from Jon Moulton-backed investment group
Jewellery retailer Theo Fennell has received a recommended cash offer to acquire the brand from Mirfield 1964, an investment vehicle which plans to replace acting chief Theo Fennell with former Goldsmiths chairman and chief executive Jurek Piasecki.
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NewsCostcutter secures £35m refinancing to support growth
Symbol group Costcutter Supermarkets Group has today signed a £35m refinancing deal with Barclays.
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NewsConviviality Retail shares rocket on public debut
Bargain Booze owner Conviviality Retail enjoyed a strong debut on the AIM stock exchange yesterday as shares surged on its first day of trading.
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OpinionComment: M&S shows signs of improvement as its autumn collection launches
The first lines from Marks & Spencer’s much-anticipated autumn collection started to go into stores last week and the drop seemed to be accompanied by a feeling of genuine confidence and excitement at the retailer.
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OpinionNick Bubb’s Verdict: Next - 'spontaneous' shopping and retail disciplines
The heatwave in July certainly felt like spontaneous combustion at times, but Next thinks that consumers are becoming more “spontaneous”.
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AnalysisNext’s second quarter: What the analysts say
Next today reported its sales jumped 2.3% in its first half as it revised up full-year profit forecasts. The City reacted positively to the results.
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NewsNext increases profits by £10m after smaller Sale
Next sales jumped 2.3% in its first half as it revised up full-year profit forecasts after adding £10m to its earnings through more full-price sales and lower markdowns.
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NewsCredit Suisse discriminated against top retail analyst Tony Shiret
One of the City’s best known analysts, Tony Shiret, was unfairly dismissed and suffered age discrimination by employer Credit Suisse, a tribunal has ruled.
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OpinionComment: One-off events can’t guarantee retail success
There’s no doubt that ‘feel good’ events, like the birth of the Royal Baby, can have a positive impact on the retail sector.
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OpinionNick Bubb's verdict: B&Q can't always rely on the weather
B&Q has at last had the right weather recently to shift its seasonal ranges, but who is best placed to benefit from a pick-up in the UK housing market?
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NewsWickes first-half sales hit by weather but profits jump 7.3%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a fall in first-half like-for-likes owing to poor spring weather, but profits jumped 7.3% to £29.5m.
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NewsKingfisher sales rebound as warm weather drives demand
Kingfisher group like-for-like sales jumped 2.5% in its second quarter to July 13 as the heatwave drove sales of hosepipes and fans.
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NewsFindel sales increase 3.9% in first quarter
Findel sales edged up 3.9% in the first quarter driven by a revenue jump at mail order business Express Gifts in the 16 weeks to July 23.
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NewsCarphone Warehouse first quarter like-for-likes rise 10.6%
Carphone Warehouse has recorded a 10.6% rise in first quarter like-for-like sales as shoppers shifted to buying high-end smartphones.
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NewsCarpetright boss insists Q1 sales fall was a "blip" driven by heat wave
Carpetright chief executive Darren Shapland has insisted that the flooring giant’s fall in first-quarter sales was a “blip” due to the heat wave.
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AnalysisCarpetright's first quarter: What the analysts say
Carpetright today reported a decline in first quarter like-for-like sales as the warm weather hit its performance in the UK. Retail Week rounds up the City’s reaction.
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OpinionComment: Tesco's latest food launch shows strategic progress is being made
Tesco boss Philip Clarke’s recovery strategy will stand or fall as much by skill of execution as intellectual coherence.
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NewsCarpetright sales decline as the warm weather deters shoppers
Flooring specialist Carpetright’s UK like-for-likes fell 1.9% in the first quarter as the warm weather kept shoppers away from stores.
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OpinionComment: Retailers need to learn that trust starts on the shop floor
Reports out this week have revealed that Tesco has launched a new marketing campaign as part of Philip Clarke’s plans to reinvigorate its fresh food offer.
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NewsSports Direct reports ‘record’ year as Olympics boosts profits
Sports Direct has reported a “record-breaking” year as sales and profits boomed driven by last year’s sporting events.