All City & finance articles – Page 514
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NewsDFS targets £1bn sales after record full-year results
DFS has laid out plans to top £1bn in sales after reporting record full-year profits despite the challenging furniture market.
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NewsDemand for traditional products lifts Dobbies Christmas sales
Garden centre group Dobbies has posted a Christmas sales rise after consumers snapped up traditional seasonal products.
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NewsRaids made in UK and Iceland as investigations into Exista step up
The Serious Fraud Office and Iceland’s special prosecutor’s office have taken the investigation into the dealings of Icelandic investment vehicle Exista one step further with raids on four UK locations including Exista’s Paddington offices.
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NewsPets at Home sold to KKR for £955m
Pets at Home has been sold to private equity house Kohlberg Kravis Roberts (KKR) for £955m, including the debt.
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NewsWHSmith delivers performance in line with expectations
WHSmith group sales declined 2% with like-for-likes dropping 4% in the 21 weeks to January 23.
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NewsNew Look’s Phil Wrigley to join Majestic Wine
Former New Look chairman Phil Wrigley is set to become chairman of Majestic Wine when its current chairman Simon Burke retires later this year.
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NewsNew Look board meeting to consider IPO
Fashion group New Look’s board will consider this week whether to go ahead with a Stock Exchange listing.
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NewsGreen light for retail IPOs
Grim outlook fails to dampen retailers’ flotation hopes — but will they hit their valuations?
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NewsConsumer fears overshadow ‘super Thursday’ updates
Retail shares slid following last week’s ‘super Thursday’ round of updates and brokers have warned store stocks might now stall.
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OpinionBring it on, Best Buy
Leopards can never change their spots, but maybe something almost as remarkable has happened: not only did DSGi have a great Christmas, it looks as if chief executive John Browett is genuinely changing the business for the long-term good.
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NewsOverlooked grocers back on City radar
Investor appetite this week for food retailers was keen but general retailers were shunned, despite almost without exception beating Christmas expectations.
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NewsFormer Ernst & Young retail chief Gavin George joins Great American
Retail restructuring, stock disposal and financing specialist Great American has appointed former Ernst & Young head of retail Gavin George as managing director of its UK division in expectation that such services will remain in demand.
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OpinionSelling up will be no easy task in 2010
Private buyers will be hampered by not being able to take on the levels of borrowing they did before the banking crisis
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NewsJessops plc shareholders vote to wind up company
Jessops plc shareholders have voted to voluntarily wind up the company after the Jessops store business was sold to new company Snap Equity in September.
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NewsConsumer Price Index jumps to 2.9%
The Consumer Price Index reached 2.9% in December, up from 1.9% in November, according to the Office for National Statistics.
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NewsPets at Home posts 6.7% Christmas sales rise
Pets at Home, the specialist retailer considering a sale or float, has posted 6.7% like-for-like sales growth over Christmas.
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OpinionTough lessons to learn
If nothing else 2009 showed why credit insurance is a waste and bonuses aren’t.
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NewsCity freezes out retail despite solid results
Despite many retailers delivering impressive Christmas performances, store stocks - other than the grocers’ - were in deep freeze in a flat market.
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NewsDunelm and Topps Tiles stay cautious despite sales jump
The homewares and home improvement market got a qualified vote of confidence as value homewares group Dunelm posted strong Christmas trading and flooring specialist Topps Tiles reported that its financial year had started well.
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OpinionTesco likely to stay on buy lists
Despite some gloomy portents before Christmas and some lacklustre trading weeks in the run-up to the big event, the festive season lived up to its name for many store groups.