All City & finance articles – Page 483
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NewsClinton profits jump despite tough trading
Greetings cards retailer Clinton Cards generated a 3% increase in profits last year but has found trading tough in recent weeks, particularly in Ireland.
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NewsStrong US trade drives Clarks’ record first half
Footwear giant Clarks has delivered a record first half under new chief executive Melissa Potter, but has struggled in the UK and remains cautious about future trading.
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NewsSuits You owners start strategic review of business
The owners of SRG, the company behind 66-store menswear chain Suits You, are understood to have begun a strategic review of the business, which could lead to its sale, closure or administration.
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OpinionA good result, but Swann can do better
WHSmith should be awarded nine out of 10 for margin management and cost control: the alchemy of generating a profits increase in another year of like-for-like sales declines.
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OpinionWhat’s best for Blacks?
It’s easy to forget but, as privately owned specialists bid for pre-eminence in the outdoor goods market, a public company holds the commanding heights.
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NewsAsos UK growth slows but international sales rocket
Analysts have taken heart from Asos’s strong international performance despite UK growth slowing as the etail fashion giant introduced free returns.
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NewsWHSmith travel arm trumps high street for the first time
WHSmith could demerge its travel and high street arms as early as this financial year, some analysts believe.
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NewsAnalysts warn bids for Blacks will reflect tough trading spell
Bids for outdoor goods specialist Blacks Leisure are unlikely to match the level offered by rival Sports Direct earlier this year, analysts fear.
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NewsBlacks’ shares perk up after bid approaches
Outdoor goods specialist Blacks was at the centre of the week’s retail share price action after revealing approaches from potential buyers.
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NewsMothercare shares rise after update
Maternity specialist Mothercare’s shares were up after last week’s second-quarter and first-half update.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
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NewsTycoon Jagtiani amasses $1bn fund for raid on UK fashion retail
Dubai retail tycoon Micky Jagtiani has amassed a $1bn (£628.2m) fund for acquisitions next year and is again eyeing UK fashion retailers.
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NewsSports Direct profits up as bonus scheme pays off
Sports Direct gross profit increased 5.4% to £117m in the 9 weeks to September 26 as its bonus share scheme paid off.
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NewsNo charges to be brought against JJB Sports and Sports Direct, SFO concludes
The Serious Fraud Office (SFO) will confirm imminently that its investigation into Sports Direct and JJB Sports is over and no charges will be brought against the companies, the retailers revealed in regulatory announcements this morning.
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OpinionHistory repeating itself at M&S
Marks & Spencer chairman Sir Stuart Rose could be forgiven for feeling he is experiencing a bittersweet groundhog day.
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NewsKesa’s French powers of recovery
Electricals group Kesa showed off its French business Darty to analysts last week to demonstrate some of the growth avenues open there.
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NewsJeweller F Hinds sees profits sparkle
F Hinds, the family-run jewellery retailer, has seen profits for the year more than treble to £3.2m, up from £990,048 in 2009.
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NewsLacklustre sales fail to dent general stores
General stores rose over the week versus the All-share index, even edging up on Tuesday when the latest BRC sales data showed a lacklustre performance.
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OpinionPrivate equity is shopping for retail deals
So far this year there have been 11 private equity-backed retail deals, representing more than 10% of all private equity transactions in 2010 and the third biggest sector focus after computer services and support services.