All City & finance articles – Page 489
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NewsNew Marks & Spencer chairman to get £500,000
Marks & Spencer’s new chairman could be paid around 40% less than current chairman Sir Stuart Rose according to reports.
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NewsRobert Swannell tipped to become chairman of Marks & Spencer
HMV chairman Robert Swannell is being tipped to take the same role at Marks & Spencer.
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NewsMothercare undervalued despite poor UK showing
Panmure Gordon has initiated its coverage of nursery specialist Mothercare with a buy rating and a 600p price target.
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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NewsM&S food sales impress as it takes bigger bite of the market
Marks & Spencer delivered strong food sales growth in the late summer, when it benefited from both shoppers treating themselves during the holiday period and its branded food roll-out.
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NewsWhy big is beautiful for N Brown
Market research showing the rising number of plus-size consumers is good news for home shopping group N Brown, broker KBC Peel Hunt believes.
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OpinionRetail surgery: How much information do we need to share with potential investors and City analysts?
How much information do we need to share with potential investors and City analysts?
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsFlying Brands acquires online gardening business
Home shopping group Flying Brands has completed its acquisition of Garden Centre Online, it said today.
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsTesco data firm to pay £17.5m dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.
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NewsMoonpig profits soar
The largest shareholders of online card retailer Moonpig have shared a dividend of almost £5m after full year profits rose 67%.
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OpinionFlat outlook for retail shares
Next chief executive Simon Wolfson put the cat among the retail share price pigeons last week with a frank summary of current trading conditions and the shape of things to come.
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NewsEarly Sale tactics pay off for West End stores
Department stores reaped rewards by moving their summer Sales forward to benefit from the surge in Middle Eastern shoppers ahead of the Ramadan religious festival.
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NewsValue sector warning from M&Co as it doubles profits
The fashion retailer has defied the recession but says price increases will challenge value retailers
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OpinionDealing with disaster
It’s how we learn from our mistakes and plan accordingly that defines us
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NewsInditex slows openings as UK concerns mount
Inditex has increased sales and profits across its UK portfolio despite what it described as a “sharp” decline in consumer spending and continuing economic uncertainties.
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NewsUnited Carpets warns positive results will be hard to replicate
Floorings specialist United Carpets posted full-year results ahead of expectations but weaker current trading led to downgrades of this year’s profit forecasts.