All City & finance articles – Page 471
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NewsWH Smith half year profits rise 3%
Bookseller and stationer WH Smith group pretax profit rose 3% to £64m in the six months to February 28.
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NewsJD Sports "extremely cautious" on outlook despite profits surge
JD Sports Fashion pretax profits surged 28% to £78.6m in the 52 weeks to January 29 yet the retailer remains “extremely cautious” on the outlook.
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NewsManagement buys 144-store newsagent Rippleglen
Confectionery, tobacco and news business Rippleglen has been sold to its management, backed by Lloyds TSB, for an undisclosed sum.
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NewsOcado appoints eBay Europe boss to board
Online grocer Ocado has appointed an eBay boss to its board as a non-executive director.
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NewsGame to appoint former Ladbrokes boss as chairman
Game is set to hire Chris Bell, the former boss of Ladbrokes, as its new chairman.
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NewsRecord companies relax terms to help HMV cashflows
HMV suppliers are set to agree to slash upfront payments for CDs to help boost the troubled retailer’s cashflows as the possibility of pulling off a rights issue fades.
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NewsOddbins in administration following a thwarted CVA
Oddbins’ administrator Deloitte is in discussions with a handful of trade and private equity buyers to rescue the 89-store chain.
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News
Bad news hammers store stocks yet again
General retail stocks had a poor week as a raft of bad news from non-food retailers brought home just how tough trading is.
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OpinionCould JJB CVA start a trend?
JJB Sports was handed a lifeline when its landlords voted in favour of its second CVA.
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Promotions hit Sunglass Hut’s profit margins
Sunglass Hut profits slumped in 2010 as its focus on promotions hit margins. Despite sales nudging ahead from £35.6m to £35.9m, operating profit dropped 16% to £2.6m.
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NewsJJB Sports to improve 'retail basics' with £65m fundraising
Sports retailer JJB Sports has said its intended £65m fundraising will help provide management with greater operational flexibility and the money to fund to its turnaround plan.
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NewsHMV gives Mamut 15 days to secure Waterstone's deal
Russian Oligarch and HMV shareholder Alexander Mamut has been given just 15 days to agree a deal to buy HMV’s bookselling business, Waterstone’s.
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NewsHMV issues another profit warning
Beleaguered entertainment and book retailer HMV has issued its third profit warning this year, but its lenders have extended the period over which its banking covenants will be tested by two months.
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OpinionPublic retailers in pole position
There’s no doubt that 2011 is shaping up to be a somewhat punishing year for retailers and store stocks have consequently been under pressure.
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NewsStore stocks up ahead of Dixons profit alert
Despite bearish comments from Next boss Simon Wolfson, general stores outperformed the market over the week - but that was ahead of a profit warning from electricals giant Dixons.
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NewsKingfisher aims to grow by attracting reluctant DIY-ers
DIY giant Kingfisher is prioritising making DIY easier for customers and continued global expansion as it approaches the next stage of its strategy under boss Ian Cheshire.
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OpinionRetail surgery: What are the pros and cons of a retailer raising money through asset-based lending?
What is asset-based lending, and what are the pros and cons of a retailer raising money this way?
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NewsNew owners attempt TJ Hughes turnaround
TJ Hughes’ new owners are making efforts to put the value department store group on a firmer financial footing.
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NewsSharp sales rise and profit gain at Ted Baker
Quirky fashion retailer Ted Baker’s sales grew ahead of expectations last year and the retailer reported a 24.2% surge in profits.
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NewsDFS planning to capitalise on bank holidays
Sofa giant DFS is aiming to make the most of the extra bank holiday weekends as it revealed adjusted EBITDA remained flat at £41m in its first half.