All City & finance articles – Page 431
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NewsOcado close to covenants breach, analysts fear
Analysts fear that Ocado could breach the covenants of its debt arrangements as it struggles with the cost of building a second warehouse.
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NewsAsos shareholders angry over Brian McBride pay package
Fashion etail giant Asos’ shareholders are understood to be concerned over the financial package for its new chairman, the former Amazon boss Brian McBride.
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NewsAsos profits soar as international sales surge
Pre-tax profits at Asos soared 42% to £13.2m in the five months to August 31.
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OpinionComment: Jettison Homebase to save the Argos ship
Anyone looking through Home Retail Group’s latest results could be forgiven for thinking that Argos is the only company that the group owns.
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OpinionComment: Amazon and Asos are not kindred spirits
Ahead of etailer Asos’ results there was speculation that the online fashion specialist was being eyed as a possible takeover target by Amazon.
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NewsMulberry issues profit warning as wholesale revenues slip
Mulberry has issued a profit warning after a slowdown in wholesale revenues.
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NewsDFS reports record profits
DFS enjoyed record profits last year as EBITDA rose 2.5% to £82m despite a fall in sales.
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OpinionComment: Encouraging trends reported at N Brown
Andy Higginson will have been pretty pleased with his first set of figures as chairman of home shopping group N Brown.
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NewsDiscounting will not be as rife this Christmas, says N Brown boss
Home shopping giant N Brown is confident that discounting will not shape the golden quarter like it did last Christmas.
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OpinionNick Bubb's verdict: WHSmith - The margin was the message
Kate Swann’s real achievement over the past nine years has been engineering a huge rise in the company’s gross margin.
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NewsBurberry group sales up despite slowdown in UK
Luxury fashion retailer Burberry experienced a total underlying sales rise of 8% to £883m in its first half to September 30 despite a slowdown in the UK and China.
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NewsWHSmith chief executive Kate Swann to step down
WHSmith’s long standing chief executive Kate Swann is to step down from the retailer after nine years at the helm.
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OpinionComment: Ted Baker’s unique appeal
The retail industry has frequently been home to maverick business people who have created unique and highly successful companies.
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NewsProfits climb at Abel & Cole as sale speculation mounts
Home delivery grocer Abel & Cole’s profits rocketed in the year to August 12 and a sale is thought likely.
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OpinionComment: Tesco UK recovery likely to accelerate
Tesco boss Philip Clarke will not have thanked the way the financial stars aligned this week to bring Tesco and Sainsbury’s results on the same day, albeit for different reporting periods.
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NewsUnited Carpets bought in pre-pack administration deal
A parcel of 73 United Carpets stores have been bought out of pre-pack administration.
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NewsTed Baker posts first-half profits rise
Ted Baker has delivered a 10.4% profit before tax increase to £9.4m for the 28 weeks to August 11 as it opened stores in London, New York and Tokyo.
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NewsHalfords like-for-likes up 5.6% in second quarter
Car part and bike specialist Halfords has posted like-for-likes up 5.6% in its second quarter, reversing the decline it reported in the first quarter.
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AnalysisAnalysis: Exploring the challenges of retail acquisitions
Over the past year a number of acquisitions have been made by retailers. Liz Morrell explores the challenges of the deals and subsequent integration.