All City & finance articles – Page 495
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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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News
Rise in wheat price will be ‘manageable’, says analyst
Fears that the spike in global wheat prices could indicate an alarming upward trend in costs for food retailers have been downplayed.
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NewsFlying Brands turnaround continues apace
Home shopping group Flying Brands is confident that renewed focus on its core gardening and gifts offer and a push for more online sales will strengthen the business as it continues with its turnaround.
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NewsResults fail to boost confidence in Kesa
Electricals group Kesa has much to prove as it pushes on with an improvement programme Investec said, rating its shares a hold.
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NewsNext update and BRC data hits retail stocks
Retail stocks were left on the shelf following downbeat reports last week from Carpetright and Next and gloomy BRC July retail sales data this week.
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NewsRetailers plan Sales to capitalise on VAT rise
Retailers are aiming to capitalise on the VAT rise by planning targeted Sales and promotions in the run-up to the new year, according to a new report.
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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.
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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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OpinionDealing with disaster
It’s how we learn from our mistakes and plan accordingly that defines us
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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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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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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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NewsFindel sells loss making arm
Home shopping group Findel has sold its loss- making arm CWIO to The Hut Group to help reduce its debt.
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NewsJJB Sports shareholder ups its stake
JJB Sports has received a boost after US investment firm Harris Associates upped its stake in the beleaguered retailer to become its largest shareholder.
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NewsUnited Carpets full year profits rocket while current trading weakens
Floorings retailer United Carpets pretax profits soared 84.5% to £1.1m in the year to March 31, although current trading has weakened.
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NewsBeales buys Westgate department store in Rochdale
Indie department store chain Beales has bought the Westgate department store in Rochdale for £300,000.