All City & finance articles – Page 436
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NewsMarks & Spencer to create 500 jobs as it launches bank
Marks & Spencer is to create 500 jobs by the end of next year as it opens 50 banks in its stores within two years.
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OpinionComment: Why M&S is moving into banking
Do you like your bank? Perhaps not very much. The financial services industry suffers from a poor image, cemented by its role in the ongoing economic crisis.
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NewsMarks & Spencer to open chain of banks
Marks & Spencer is to shake up the financial services industry with the launch of its own bank.
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OpinionSale of Hammersmith Apollo puts HMV in a better place
An increasingly happy tune is being whistled at HMV which, to the surprise of some, looks better placed than it has done in years.
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NewsTesco expected to report sales fall as its recovery begins
Tesco’s underlying sales are expected to fall in the first quarter, as chief executive Philip Clarke continues to drive his £1bn investment to help repair the business.
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AnalysisRetail surgery: Can the bank sell on my debt without permission?
Can the bank sell our debt without our agreement, and what can happen if it does?
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AnalysisHalfords: What the analysts say
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30 amid concerns that the tough economic climate has impacted motorists and the weather has dampened cycle sales
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Analysis
Kingfisher: What the analysts say
The City met the news that B&Q owner Kingfisher UK & Ireland’s retail profit slumped 9.8% to £75m in the first quarter with little surprise after poor weather hit sales
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NewsHalfords upbeat despite 26.6% pretax profit plunge
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30.
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NewsKingfisher first quarter profits slump as wet weather hits sales
B&Q owner Kingfisher UK & Ireland retail profit slumped 9.8% to £75m in the first quarter as wet weather hindered sales in the crucial Easter trading period.
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NewsClinton Cards deal to be struck within days
Clinton Cards looks likely to be bought out of administration by the end of next week if not earlier as would-be suitors jostle to take control.
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OpinionAsos: The online giant continues to reward investors
As the recriminations continue following Facebook’s botched IPO, there is one online business that carries on rewarding investors – Asos.
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OpinionWhat impact will the recession have online?
So we’re in recession again. Cue further rending of garments and raise the wailing a semitone or two. The tune’s becoming familiar now.
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AnalysisTopps Tiles: What the analysts say
Despite a 4.7% like-for-like slip and profits drop in its first half, Topps Tiles has strong recovery potential according to the analyst community.
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NewsTopps Tiles pre-tax profits fall in first half but current trading improve
Topps Tiles like-for-likes slipped 4.7% in its first half as pre-tax profits dropped 22% to £7.2m.
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InterviewRetail refinancings: Q&A with Barclays head of retail Richard Lowe
As Dixons and LK Bennett refinance, we talk to Barclays head of retail Richard Lowe about the lending climate for retailers.
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NewsLK Bennett secures funding for US expansion
LK Bennett has raised £16m of new funding to accelerate expansion in the US.
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NewsDixons extends £300m credit facility
Electricals giant Dixons has extended a £300m revolving credit facility for two years.
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OpinionM&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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AnalysisIn the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.