All City & finance articles – Page 513
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NewsBlockbuster may put up stores as collateral to ensure DVD supplies
Troubled DVD rental group Blockbuster may have to put up Canadian stores as collateral after failing to secure bank credit for stock.
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Analysis
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NewsMarks & Spencer to pay bonus early to avoid 50% tax rate
Marks & Spencer has become the latest retailer to bring forward bonus payments in order to beat the 50% tax rate being introduced next month.
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NewsAsos launches new management incentive plan
Fashion etailer Asos has unveiled details of its new management incentive plan.
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NewsFrench Connection to sell Nicole Farhi and scale back US retail
Fashion group French Connection is selling its Nicole Farhi business and closing most of its US shops following a strategic review.
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NewsAdvent considers Poundland sale
Private equity firm Advent has hired Close Brothers to advise on a possible sale of value retailer Poundland.
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NewsSuperGroup confirms IPO details
Young fashion retailer SuperGroup has given the green light to its stock market listing and confirmed that it expects to achieve an IPO valuation of £395m.
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AnalysisRetailers must make their own luck in 2010
There won’t be a double-dip recession, Retail Week Conference delegates heard, but this year will be bumpy.
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NewsLiberty to be snapped up in £40m deal with BlueGem’s Marco Capello
Marco Capello, the former managing director of Merrill Lynch Global Private Equity, is poised to buy the Liberty business via his investment fund BlueGem Capital Partners.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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News
Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsFlowers direct chief moves to Shop Direct
Shop Direct has appointed Jonathan Wall, chief executive of online florist Flowersdirect.co.uk, as its new ecommerce director.
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NewsSuperGroup close to IPO target despite City jitters
SuperGroup was expected to achieve an IPO valuation of £395m as Retail Week went to press.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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NewsLosses widen at Jysk despite strong sales
Danish furniture retailer Jysk’s UK operation has reported strong sales in its full-year accounts, although losses widened as start-up costs hit its bottom line.
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News
DSGi update may lead to shares uplift
Next Friday could be a catalyst for the shares of DSGi, when it will host a strategy day at its Currys Megastore in Thurrock, Essex.
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OpinionCan value endure in good times?
We should not see the development of the value sector as a recessionary or “cyclical” phenomenon.
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OpinionGrocers to target smaller footprint stores for growth
With 2009 annual results flooding in, the overriding opinion of last year is that it was one when retailers cut back on expenditure and scaled back store openings. The outlook now is for conservative store growth through smaller footprint stores.
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.