All City & finance articles – Page 460
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NewsCarpetright sales improve at the expense of margins
Floorings giant Carpetright’ trading performance has improved, with domestic like-for-likes flat in the first quarter against a 6.3% slump in the fourth quarter of last year.
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NewsWickes gains market share as like-for-likes stall
DIY chain Wickes like-for-likes edged up 0.3% in the six months to June 30.
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NewsFlying Brands enters red and renegotiates financing after difficult first half
Flying Brands entered the red and was forced to renegotiate its financing after a difficult first half.
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NewsBanks eye Robert Dyas sale
Hardware chain Robert Dyas is to be put up for sale by the banks which own it.
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NewsAnalysts pessimistic as sales slip at Halfords
Analysts downgraded their profit forecasts for Halfords after retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsTablets drive Carphone sales but Best Buy concerns remain
Tablet computers have become a key driver of Carphone Warehouse’s performance for the first time.
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NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
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NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
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NewsKingfisher’s sales rise despite slump at B&Q
Kingfisher’s second quarter impressed analysts, despite a slump in UK sales as bust rival Focus launched a closing down Sale.
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OpinionDixons heads for Harrods
Ironic that Dixons, which only two years ago was threatened by Harrods with legal action over a cheeky ad poking fun at the famous department store, is soon to be installed as the electricals concessionaire in the landmark Knightsbridge shop.
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NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
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NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
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NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.
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NewsOwn-label stimulates growth at House of Fraser
House of Fraser has reported an 8% rise in sales for its second quarter with a surge in sales of own-label collections fuelling the growth.
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NewsAshley ups stake in Blacks
Speculation is growing that Sports Direct founder Mike Ashley is targetting a takeover of rival Blacks as the sportswear tycoon increases his stake in the struggling outdoor retailer.
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NewsCity fears for Blacks as sales plunge further 10%
A second CVA may be looming for struggling outdoor goods retailer Blacks, according to one City analyst who values the retailer at just 1p per share after sales plummeted.
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OpinionBack to base camp for Blacks
Almost four years after Neil Gillis took over as chief executive, the bulk of his turnaround ambition for Blacks remains just that.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.
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NewsBroker highlights impact of online on valuations
Broker Panmure Gordon has reinitiated coverage of a large number of retail stocks at a time of “irreversible structural change” for the industry.