All City & finance articles – Page 491
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NewsSuits You owner in line for £17m financing
Suits You parent company Baird Group has been given £17m financing from financial services company GE Capital, according to reports.
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NewsNew Look director Lex Gemas exits following float delay
New Look chief operating officer Lex Gemas has exited the value fashion chain after little more than a year at the business.
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NewsKingfisher focus on profits over sales welcomed
Kingfisher’s focus on profits over sales growth has been welcomed by analysts following a sales dip.
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NewsSports Direct makes strides despite England’s early World Cup exit
Sports Direct lost out on sales and potential profits after being left with excess stock following England’s early exit from the World Cup.
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OpinionNo room for smug consensus
Ocado chief executive Tim Steiner rather gracelessly laid into independent City analysts after last week’s lacklustre IPO, following which the online grocer’s shares immediately fell below the opening price.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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NewsAurora on song in first year since restructure
Aurora Fashions, the group that operates womenswear chains Oasis, Coast, Karen Millen and Warehouse, has said it has achieved strong single-digit like-for-like growth in the first half of its current financial year across all four brands.
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsAmazon bets on Christmas winners
Amazon is betting on games hardware Microsoft Kinect and Sony Move to be its biggest sellers this Christmas as the etail giant revealed global sales rose 41% in its second quarter to $6.57bn (£4.34bn).
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NewsTough times ahead for Ocado, warns broker
It was kerching! for Ocado’s founders as the etailer pulled off its IPO in the face of widespread City scepticism, although the flotation price did not meet original ambitions.
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NewsAcquisition helps Halfords tick over
Motor accessories and cycles group Halfords posted a 9.6% group sales rise in its first quarter, reflecting its acquisition of Nationwide Autocentres.
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NewsTough start to the year for Wickes
Builders merchant Travis Perkins’ has reported a tough start to the year at its retail division, including DIY chain Wickes, but the business has gained market share.
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NewsAurora posts first operating profit of £23m
Aurora, the fashion group that owns chain including Oasis, Coast and Karen Millen, has posted operating profit of £22.6m in the 11 months since it was launched from the wreckage of the Icelandic financial meltdown.
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OpinionA sobering lesson for Ocado’s founders
Well, they got it away, but there won’t have been too many champagne corks being popped in Ocado’s Hatfield headquarters on Wednesday morning.
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AnalysisHow UK retail is extending its franchise
Franchising helps overseas ventures, but how do you decide whether to run company-owned stores or take the franchise route?
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OpinionDebenhams feels the love
Department store Debenhams took another step towards improving its capital structure this week when it completed a £650m refinancing, which will cut the cost of borrowing and extend debt maturity.
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NewsCity forces Ocado to slash IPO share price
The City kept up pressure on Ocado as it prepared for Wednesday’s float and, at the last moment, forced the online grocer to slash its asking price.
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NewsJoules eyes major city centres as profits soar
Lifestyle retailer Joules is targeting major city centre locations for store openings for the first time, after reporting net profit soared 200% to £3.6m in the year to May 1.
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NewsN Brown ‘a good buy’ with prospects
Panmure Gordon reiterated its buy advice on home shopping group N Brown following an investor evening last week.
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NewsGrowth slows but BrightHouse still going strong
BrightHouse has had another strong year of growth as the retailer benefits from low income families seeking alternative credit lines.