All City & finance articles – Page 416
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NewsThorntons to beat profit expectations after 'satisfactory' Easter
Chocolatier Thorntons expects pre-exceptional pre-tax profits to be ahead of expectations after a “satisfactory” Easter trading period.
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NewsClinton Cards owner American Greetings taken private by founding family
Clinton Cards parent company American Greetings has been taken private by its founding and controlling family in a deal estimated at $878m.
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OpinionComment: Even the best spreadsheets can’t predict the weather
Retailers are bracing themselves for a frosty Easter weekend as wintry conditions continue to keep customers away from the high street.
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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AnalysisAnalysis: Has private equity been good for retail?
Despite accusations of loading businesses with debt and short-termism, private equity firms insist their investments can help retailers thrive.
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OpinionComment: Multichannel success for fashion and homeware retailer Next
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.
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OpinionNick Bubb's Verdict: Kingfisher - How can it downsize in the UK?
Everybody knows that B&Q has too much space, including Kingfisher’s management, but how do you start to get rid of 27.5m sq ft of it?
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NewsB&Q owner Kingfisher posts full-year profits plunge
Kingfisher full-year group pre-tax profits plunged 11% to £715m in its year to January 31 as wet weather hindered sales in the UK.
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NewsMoss Bros pre-tax profits rise to £3m but sales slow in 2013
Menswear retailer Moss Bros’ full-year pre-tax profits jumped £2.1m to £3m but sales have slowed in the first weeks of its current year.
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NewsOnline, not stores, key to overseas growth, says Next boss
Next has shunned opening stores overseas in favour of pushing its online operation as it prepares to launch its Chinese website this year.
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OpinionNick Bubb's Verdict: Next - Don’t mention the weather?
The standard advice for retailers trying to explain away weak trading is not to blame “the weather”, so why did Next fall into that apparent trap today?
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AnalysisNext full-year results: What the analysts say
Next today reported pre-tax underlying profit jumped 9% to £622m last year but the new year has got off to a slow start. The City studied its balance sheet carefully.
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NewsSofa retailer DFS refinances after strong first half
Sofa giant DFS has refinanced the business after it reported a 9.9% jump in EBITDA to £31.1m in the 26 weeks to January 26.
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NewsFashion brand Ted Baker delivers "strong" full-year performance
Ted Baker delivered a 19.2% surge in pre-tax profit to £28.9m in what has been a “significant” year for the brand’s international development.
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NewsNext full-year profits soar 9% as new year gets off to slow start
Next pre-tax underlying profit jumped 9% to £622m over the year against a 3.1% sales jump, however, the new year has got off to a slow start.
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OpinionComment: Tesco’s Price Promise scheme raises own-label debate
Battle lines have been drawn this week between Tesco and Sainsbury’s, with Justin King, blasting Tesco’s Price Promise scheme.
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OpinionComment: Budget blow for retail but door opens for rates reform
Chancellor George Osborne failed to heed the warnings of the retail industry and freeze business rates in the Budget today.
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AnalysisAsos' second quarter: What the analysts say
Fashion etailer Asos today reported a surge in retail sales up 37% to £186m in its second quarter as its gross margin dipped. The City reacted positively to the results
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NewsFindel disposes of healthcare division as group sales soar
Findel is to dispose of its healthcare division to LDC, the private equity arm of Lloyds Bank as group sales jump 8.3% in its year to date.
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AnalysisSainsbury's fourth quarter: What the analysts say
Sainsbury’s today reported a 3.6% increase in like-for-like sales in the fourth quarter as full-year like-for-likes rose 1.8%. The City reacted positively.