All City & finance articles – Page 507
-
AnalysisWhat stops FDs getting the top retail jobs?
When it comes to the top spot in retail businesses FDs are often passed over, but is the ‘numbers man’ stereotype unfair?
-
NewsHalfords is ‘investment opportunity’
Motor accessories and bikes group Halfords remains on analysts’ buy lists despite the departure of finance director Nick Wharton and anticipation of weakening sales.
-
NewsUnited Carpets reports "challenging" first half
United Carpets said trading has been “challenging” in the 25 weeks to September 30 as like-for-likes dropped 5.5%.
-
NewsJJB Sports funding concern prompts big broker downgrade
Broker Singer has slashed its price target for JJB Sports by more than a third to just 8p because of concerns about the retailer’s funding and punishing trading conditions.
-
NewsMoss Bros to axe staff as pre-tax losses widen
Menswear retailer Moss Bros is axing jobs as its pre-tax losses widened to £3.3m over the six months to July 31.
-
NewsTopps Tiles full year sales up
Topps Tiles said it expects to report UK revenues up 2% to £182.4m in the 53 weeks to October 2.
-
NewsWalmart to buy South African retailer Massmart, Asda’s Andy Bond to oversee
Walmart intends to push into Africa with the $4.2bn acquisition of general merchandise group Massmart.
-
NewsTesco chief Sir Terry Leahy attacks investor short-termism
Tesco chief executive Sir Terry Leahy has criticised short-term investor attitudes and such shareholders’ superficial understanding of companies in which they hold stakes.
-
OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
-
NewsBestseller rules out bid for fashion etailer Asos
Danish retailer and investor Bestseller has ruled out bidding for online fashion specialist Asos.
-
OpinionQuestions of confidence
Consumer confidence has been one of retail’s big talking points all year - but what about retail confidence?
-
NewsLakeland doubles profits as it cuts costs and drives product innovation
Homewares retailer Lakeland, darling of the middle classes, has more than doubled its full-year profits after cutting costs and focusing on product innovation.
-
News
Fiscal cuts spell five-year spending ‘crisis’
The Government’s fiscal austerity programme will create a five-year “crisis” for UK retailers as consumers rein-in spending amid tax rises, wage stagnation and low levels of savings, according to a report that draws lessons from the recessionary experiences of overseas retailers in the 1990s.
-
NewsInvestments eat into River Island’s profits
River Island grew its sales nearly 8% last year, but profits fell as the company invested in the business, and trading conditions so far this year have proved challenging.
-
NewsSolid updates ensure retail shares pick up
Store shares shifted off the shelf last week as a raft of decent updates - albeit with the usual caveats about prospects - left investors wondering whether retailers had been oversold.
-
NewsSales climb for Zara-owner Inditex
Inditex, the Spanish fashion retailer that owns Zara and Massimo Dutti, grew half-year sales by 14% while making its debut in India.
-
NewsSuperGroup Q1 sales rocket 60%
Fashion specialist SuperGroup, owner of the ultra-trendy Superdry brand, posted a 60% rise in sales for the three months to August 1.
-
NewsBrantano turns corner and eyes store growth
Footwear retailer Brantano plans to open 50 UK stores in the next five years as it expects to make a pre-tax profit for the first time since 2005.
-
NewsSnow+Rock sets out plans to grow as management buyout team takes over
Snow+Rock managing director Dion Taylor has said he will open further stores following the management buyout of the company that was completed this week.
-
NewsHMV hopes Christmas will halt sales plunge
HMV anticipates a good Christmas despite like-for-likes at its eponymous entertainment chain plunging 14.9% in the first quarter.