All City & finance articles – Page 480
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News
Retail sales edge up in October, says ONS
Retail sales edged up modestly in October, according to the Office of National Statistics.
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NewsFocus in talks with retailers about store disposals
The private-equity owner of Focus is understood to be sounding out other retailers about selling off some of the DIY chain’s stores to fund investment in new store formats.
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NewsLloyds Development Capital joins pack chasing Blacks
Lloyds Development Capital has held talks with Blacks Leisure over a potential acquisition, according to reports.
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NewsBlue Inc plots expansion ahead of possible flotation
Menswear retailer Blue Inc has laid down plans to open 20 stores next year ahead of a possible flotation or share placing.
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NewsJD Sports sales edge up
JD Sports Fashion said sales have marginally increased and profit margins have been maintained since its last update in September.
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NewsHalfords recruits Marks & Spencer man as finance director
Bikes and car accessories specialist Halfords has named Andrew Findlay its new group finance director.
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NewsRising cotton prices threaten Primark’s hard-won margins
Value fashion giant Primark improved operating margins from 10.9% to 12.5% last year but has warned that they may shrink again as cotton prices soar.
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NewsIkea slashes prices in chase for market share
Furniture giant Ikea UK & Ireland is to focus on growing turnover and market share at the expense of profits as it navigates its way through a challenging big-ticket market.
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NewsCarphone on song thanks to US mobile venture
Analysts upgraded their Carphone Warehouse forecasts after a powerful first-half performance from US venture Best Buy Mobile.
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NewsM&S and JS profits fail to boost retail shares
Food and general retailers both underperformed the market, despite profit advances reported by Marks & Spencer and Sainsbury’s.
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NewsTheo Fennell nears return to black as losses narrow
Upmarket jeweller Theo Fennell narrowed its losses in the first half and analysts expect it to bounce back into the black by the end of the financial year.
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NewsFeelunique.com guns for growth in bid to dominate online beauty
Etailer Feelunique.com is gunning to become the “household name for beauty products” as it lays out its growth strategy for the next five years.
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OpinionAsos could well defy doubters
Online star Asos not only has fashion to die for, its numbers look pretty stylish too.
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NewsFat Face starts rolling out ranges after overhaul of its product offer
Lifestyle retailer Fat Face has overhauled its product offering as part of new chief executive Anthony Thompson’s turnaround strategy.
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NewsBrightHouse eyes best Christmas since 2007
Rent-to-own electricals and furniture retailer BrightHouse is looking forward to its best Christmas for three years after revealing another strong trading performance in its first half.
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NewsMorrisons like-for-likes grow 1.3%
Morrisons expects shoppers to treat themselves at Christmas and then for the focus to return to value in 2011.
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NewsRose sells shares as Bolland outlines vision
Marks & Spencer chairman Sir Stuart Rose sold 100,000 of his shares in the retailer yesterday – the day his successor Marc Bolland set out his vision for the business.
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NewsAmerican Apparel reports further losses in third quarter
Struggling US fashion chain American Apparel like-for-likes dropped 16% over the third quarter to September 30.
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NewsRussian oligarch buys 3% stake in HMV
Russian tycoon Alexander Mamut has taken a stake in entertainment group HMV, it has emerged.
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NewsSupergroup Q2 sales surge 68.4%
Supergroup, the owner of trendy fashion brand Superdry, experienced a 68.4% surge in group total sales to £57.5m in the three months to October 31.