All City & finance articles – Page 440
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OpinionBoots’ Walgreens deal creates a retail giant
In selling a 45% stake in Alliance Boots to the US pharmacy giant Walgreens, owner Stefano Pessina has struck perhaps the most significant deal for a UK retailer since the Walmart acquisition of Asda and realised his own dreams of transforming the Boots brand.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsWalgreens' share price falls on concern about Alliance Boots deal
Shares in Walgreens have fallen 10% since the merger with Alliance Boots was revealed on Tuesday.
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NewsMothercare's Alan Parker to become Kesa chairman
Mothercare non-executive chairman Alan Parker is to take on the chairmanship at French electricals giant Kesa.
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NewsDFS market share grows despite sales slump
DFS has reported an “improving trend” in its performance and a growth in market share despite a slump in sales against last year.
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OpinionBoost for Argos as it stems decline
So used has the City become to dismal trading at Home Retail’s flagship Argos business that any sign of respite prompts jubilation.
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NewsPessina: Walgreens deal will not mean job cuts at Alliance Boots
Alliance Boots executive chairman Stefano Pessina has insisted there will not be job cuts as a result of the merger with US pharmaceuticals giant Walgreens.
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AnalysisHome Retail Group: What the analysts say
Home Retail Group, owner of Argos and Homebase, has delivered a better-than-expected performance, as total sales at catalogue retailer Argos edged up 0.2% to £819m, while Homebase was hit by the wet weather. Despite the surprising numbers, analysts remain cautious.
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AnalysisMajestic Wine: What the analysts say
Majestic Wine reported a 14.5% uplift in pre-tax profit today while increasing its target for store numbers by 100 to 330 stores. The City reacted favourably.
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.
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NewsUnited Carpets begins store closure review
United Carpets is conducting a store closure review in the face of “extremely challenging” market conditions.
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AnalysisOutsourcing: Is it right for your business?
Retail is about selling products, so outsourcing non-core business functions can make sense for retailers. Anna Richardson Taylor examines the issue.
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AnalysisRetailers’ banks: What do consumers need to know?
By opening a fully fledged, 50-branch bank, Marks & Spencer is relying on the power of its brand – and venturing where Sir Stuart Rose feared to tread.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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AnalysisMulberry: What the analysts say
Despite a slowdown in sales growth in recent weeks, the future is still bright for Mulberry according to retail’s analyst community.
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AnalysisWH Smith: What the analysts say
WH Smith has reported a 1% fall in total sales and a 3% fall in like-for-like sales in the 15 weeks to 9 June 2012. Analysts say it continues to benefit from its skill in cost-cutting, but in the longer term investment will be needed.
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NewsWH Smith confident about full year despite sales fall
Bookseller and stationer WH Smith group like-for-likes were down 3% in the 15 weeks to June 9.
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AnalysisAnalysis: Deal wrapped up at Clinton Cards but tough work lies ahead
Clinton Cards’ new owner American Greetings will have to make radical changes to return the retailer to profitability.