All City & finance articles – Page 451
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NewsTesco results top off another tough week
As Christmas loomed, store stocks headed south. Food specialists and general merchandisers alike underperformed the All Share index and were sharply down over the year.
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News
Kesa shareholders give Comet sale to OpCapita the green light
Kesa Electricals shareholders have given the go-ahead for the sale of Comet to private equity firm.
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NewsAnalysts confident of Carpetright recovery
Analysts believe Carpetright is well positioned for when the recovery comes despite the floorings retailer reporting a first-half loss.
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NewsCarpetright IT and e-commerce director Ian Woosey made redundant
Carpetright group IT and e-commerce director Ian Woosey has been made redundant following a review of the business.
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NewsClintons FD Paul Salador quits
Clinton Cards group finance director Paul Salador has stepped down after 15 years at the business.
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NewsSupergroup profits dip despite like-for-like growth
Supergroup underlying profit before tax dipped £0.5m to £13m as like-for-likes grew 4% in its half year to October 30.
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NewsWickes like-for-likes plummet over past eight weeks
Wickes like-for-likes have plummeted 6.8% over the past eight weeks.
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NewsGo Outdoors and Mountain Warehouse join Sports Direct in race to buy Blacks
Sports and outdoor specialists including Sports Direct, Go Outdoors and Mountain Warehouse are lining up to takeover up-for-sale retailer Blacks Leisure.
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NewsGame set to appoint Deloitte to plot turnaround
Game Group is set to appoint the restructuring team at Deloitte to help it devise a plan to turn around the business next year.
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NewsPrivate equity firm Cinven weighs up Mothercare bid
Private equity houses including Cinven are vying to take over struggling maternity retailer Mothercare.
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NewsSale on cards as profits rise at food specialist Abel & Cole
Profits have surged at grocery home shopping specialist Abel & Cole and the retailer could be put up for sale next year.
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NewsBleak sales growth adds to retail woe
It was another frustrating week for investors in retail companies as food and general merchandise groups put in a lacklustre showing versus a wider market advance.
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OpinionCarpetright focused on the future
All eyes will be on floorings giant Carpetright next week, as it is expected to report its worst first-half figures as a listed company.
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NewsBig Price Drop drives volume growth at Tesco
Tesco like-for-like sales in the UK, excluding petrol and VAT, fell 0.9% in the third quarter.
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NewsWiggle bought by Bridgepoint in £180m deal
Cycles etailer Wiggle has today been acquired by private equity firm Bridgepoint in a £180m deal.
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NewsDune Group sales fall
Footwear business Dune Group has posted a slight increase in pre-tax profits from £6.42m to £6.47m for the year to January 29, 2011.
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NewsFor sale sign raised over Blacks
Outdoor specialist Blacks Leisure has put itself up for sale after concluding that previous fundraising plans were unrealisable, but investors may get nothing from a disposal.
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NewsSports Direct set to snub Blacks fundraising
Sports Direct founder Mike Ashley is set to snub a £20m cash call by struggling outdoor retailer Blacks of which he is the largest shareholders.
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NewsComet deal financing delayed
The proposed sale of Comet has hit a stumbling block because its prospective buyer has not yet secured a key part of its financing.
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OpinionReviving Clintons
At the global property conference Mapic two weeks ago, one of the main questions on the lips of landlords and agents was ‘what will Clintons do with its 800-strong store estate?’