All City & finance articles – Page 458
-
NewsPIRC advises Sports Direct shareholders to block Mike Ashley deal
Sports Direct shareholders have been urged to oppose an £86.6m property acquisition from founder Mike Ashley by shareholder representative group PIRC.
-
NewsWHSmith launches £50m share buy-back programme
WHSmith is to run another £50m share buy-back scheme this financial year following the success of last year’s programme.
-
NewsOcado urged to shelve plans for second fulfilment centre
Online grocer Ocado should abandon plans for a £210m second customer fulfilment centre until it proves that it has a viable business from its first, according to a leading broker.
-
NewsTesco looks East for funds with 'dim sum' bond issue
Grocery giant Tesco has become the first international retailer to raise money in China with the issue of a ‘dim sum’ bond.
-
NewsHome Retail shares dip as broker sounds alarm
Shares in Argos-owner Home Retail took a hit as broker Seymour Pierce switched its stance from hold to sell and argued a restructuring of the catalogue store business was likely.
-
NewsRetail shares slide along with market
General retailers were on the slide along with the market during the week, although the fall in grocers’ share prices was much less marked.
-
NewsSuperGroup hires supply and sourcing experts to boost team
Fashion retailer SuperGroup has made two key appointments to support continued rapid growth.
-
NewsDownturn finds H&T enjoying expansion
Pawnbroker H&T has given the green light to store expansion after its half-year profits jumped.
-
OpinionPreparing for the golden quarter
After the dog days of August, the sector springs into action again in early September.
-
NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
-
NewsSignet UK profit tumbles in second quarter
US jewellery giant Signet’s UK division saw second quarter net operating income plummet 40% to $2.8m (£1.7m) in a “challenging market”.
-
NewsCountrywide seeks acquisitions as sales rise
Rural specialist Countrywide is on the look-out for acquisitions after maintaining retail profitability and increasing sales last year.
-
NewsTopps warns on profits as shattered consumer confidence takes toll
Topps Tiles has issued a profit warning after a steep trading downturn in recent weeks.
-
NewsGarden Centre Group buys Country Homes and Gardens
Garden Centre Group has bought 12-store counterpart Country Homes and Gardens for an undisclosed sum.
-
NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
-
NewsNo pay rise for SuperGroup's Dunkerton
Directors of fashion retailer SuperGroup, including founder Julian Dunkerton, will not take a pay rise this year
-
NewsRetail bearing up but grocery volumes weak
Although retailers bore the brunt of last week’s riots, the sector kept its head above water despite lagging the All-share index.
-
NewsOcado’s lack of update raises City eyebrows
Broker Panmure has questioned why Ocado has not updated the City after the online grocer’s joint broker Goldman Sachs slashed its operating profit forecasts for the next three years.
-
NewsGame multichannel deal pleases the sceptical City
A further push by Game into multichannel retail was welcomed by analysts, but the City wants to see the games specialist to “dramatically” reduce its store numbers.
-
OpinionComment: Signet shares may yet sparkle
Unlike what it sells in-store, the shares of jewellery Goliath Signet haven’t been sparklers lately – there’s a been a distinct lack of bling.