All City & finance articles – Page 495
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NewsCarpetright eyes sales boost ahead of January VAT rise
Carpetright expects a sales fillip this autumn as consumers buy ahead of January’s VAT rise, and has posted an increase in preliminary profits.
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NewsTheo Fennell set to shine again after cutting losses
Upmarket jeweller Theo Fennell is on track to return to profit next year following a restructure, the return of its eponymous founder and plans to launch an affordable range.
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NewsBig-ticket retailers plan to turn timing of the VAT increase to their advantage
Big-ticket retailers are putting plans in place to capitalise on the timing of the VAT increase that takes effect on January 4.
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NewsBeales on a roll as profits leap 67%
Department store group Beales is poised to roll out men’s young fashion departments into all stores and make further acquisitions following a leap in pre-tax profits.
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NewsTom Hunter puts shoe chain Office up for sale with £200m price tag
Retail entrepreneur Sir Tom Hunter has put his footwear chain Office up for sale, with a potential price-tag of £200m.
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NewsJacques Vert to pay first dividend in 15 years
Womenswear retailer Jacques Vert will pay a dividend for the first time in 15 years following a swing to profit last year.
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NewsActivist investor builds stake in Kesa
Activist investor Knight Vinke has built up a 3% stake in Anglo-French electricals retailer Kesa, owner of the Darty and Comet chains.
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NewsCarpetright profit surges as UK business improves
Carpetright pretax profit grew from £16.7m to £22.3m in the year to May 1.
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NewsLiberty chief executive Geoffroy de La Bourdonnaye steps down
Liberty chief executive Geoffroy de La Bourdonnaye has stepped down from the premium London department store, following its sale to private equity firm BlueGem Capital Partners.
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NewsWarren Buffett increases stake in Tesco
Legendary investor Warren Buffett has increased his stake in supermarket group Tesco and now holds just over 3% of the grocer’s shares.
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AnalysisGetting retail mergers right
Bringing two retailers together does not always ensure instant success or results. Mark Faithfull looks at the secrets of getting the process right
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NewsStruggling Game warns of loss in first half
Continued declining sales and a likely interim loss at computer entertainment specialist Game prompted downgrades by analysts.
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NewsRetailers in favour despite hike in VAT
Retailers can live with the effects of Tuesday’s emergency Budget: that was the snap judgement of store chiefs and investors alike to the Chancellor’s announcement.
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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NewsPrivate equity house Isis invests £4m in gifts etailer GettingPersonal.co.uk
Private equity house Isis has invested £4m in online gifts retailer GettingPersonal.co.uk.
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NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.
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NewsProfits up at DSGi after strong second half
Electricals giant DSG International grew underlying profits by 61% to £90.5m in the year to 1 May, helped by a much-improved second-half performance.
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NewsWilkinson full year profits rocket
Value chain Wilkinson has had another strong year with profits more than doubling in the year to January 29.
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NewsComet to refurbish stores after profits rise
Electricals retailer Comet is to refurbish 40 stores his year as it seeks to respond to the revival of arch-rival DSGi and the touchdown of US powerhouse Best Buy.
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NewsSuperdry brings online outlet in-house
SuperGroup, the young fashion business which owns brands Superdry and chain Cult, has brought its online outlet for Superdry in-house as it looks to boost its online sales.