All City & finance articles – Page 441
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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NewsAmerican Golf returns to profit as new boss starts
Golfing specialist American Golf returned to profit in its full year. The figures were released as new chief executive former Best Buy UK marketing director Kevin Styles, took up his role.
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AnalysisJD Sports: What the analysts say
The City gives its view on JD Sports’ update and whether growing losses from Blacks will affect its share price.
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NewsBlacks losses will hit £10m this year, says JD Sports
Blacks losses will hit £10m this year according to its owner JD Sports, as group like-for-likes edge up 1.5%.
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NewsSainsbury's sales driven by Jubilee spending
Sainsbury’s recorded a 1.4% uplift in like-for-like sales for the first quarter as Jubilee spending drove sales.
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NewsFindel turnaround on track as pre-tax profit soars
Home shopping retailer Findel’s turnaround has started to bear fruit as pre-tax profit before exceptionals soared 53% to £10.7m in its year to March 30.
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NewsTed Baker remains cautious despite sales uplift
Fashion retailer Ted Baker delivered a “good performance in line with the Board’s expectations” for the 19 week period to June 9 but stressed it remained cautious of the uncertain economy.
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NewsMulberry expected to report 50% full year profit surge
Luxury accessories retailer Mulberry is expected to report a 50% surge in profits when it reveals its full-year results later this week.
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AnalysisTesco: What the analysts say
Tesco reported a 1.5% fall in UK like-for-like sales today, in line with market expectation. The City’s reaction was mixed.
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InterviewQ&A: Tesco chief executive Philip Clarke
Tesco recorded a “robust” first quarter as UK like-for-like sales declined for the fourth consecutive quarter and it battled struggling economies across the globe. Chief executive Philip Clarke was grilled by the press over the performance this morning.
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NewsLaura Ashley like-for-likes jump 5.4%
Laura Ashley UK like-for-likes grew 5.4% in the 18 weeks to June 2.
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NewsTesco records first quarter UK sales fall
Tesco described its first quarter performance as “robust” after reporting a 1.5% decline in UK like-for-like sales.
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NewsStewart Binnie takes up full-time role at Jaeger
Former Aurora Fashions president Stewart Binnie has taken up a full-time strategic role at Jaeger.
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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