All City & finance articles – Page 515
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NewsAlexon like-for-like sales drop 14.3%
Alexon Group blamed poor weather on a like-for-like sales fall of 14.3% in the 23 weeks to January 9.
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NewsMoss Bros finance director to step down
Moss Bros group finance director Michael Hitchcock will step down from the formal menswear retailer, it said today.
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NewsHalfords profits to be at top end of forecasts
Motor accessories, cycling and leisure group Halfords will generate full-year profits at the upper end of forecasts ranging between £105m and £112m.
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NewsWaterstone’s boss exits after sales plunge
Entertainment group HMV has parted company with Gerry Johnson, managing director of its Waterstone’s books chain which suffered poor Christmas sales.
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NewsHome Retail Group profits to beat expectations
Argos owner Home Retail Group expects full-year profit to come in £20m ahead of City forecasts at £285m after Christmas trading exceeded management expectations.
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NewsChristmas sales soar at Matalan
Value fashion and homewares group Matalan has hailed an “impressive” Christmas performance and expects continued growth.
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NewsTopps Tiles signals return of consumer confidence after strong first quarter
Topps Tiles said that its current financial year has started well with like-for-like sales in the UK up 5.5% in the 14 weeks to January 3.
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NewsDunelm cautious despite strong first half
Value homewares group Dunelm has posted strong Christmas trading but warned of toughening conditions to come.
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NewsRetail sales growth in December hits a four year high
UK retail sales growth in December grew 4.2% on a like-for-like basis, making it the best December retailers have experienced in four years.
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsBlacks Leisure mulls equity issue as sales start to improve
Blacks Leisure is considering an equity fundraising of between £15m and £20m as sales in its second half began to improve on the back of its restructuring.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.
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OpinionA reality check for Ocado
Ocado has drawn plenty of glowing press comment and there’s plenty to admire in it, but whether it is flotable is another matter.
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsMatalan’s ‘fruity’ £1.5bn asking price puts off potential buyers
Hopes of selling Matalan are likely to be dashed unless the reported asking price is cut.
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NewsChristmas sales success for New Look
New Look, the value fashion group which is considering an IPO this year, has reported a strong Christmas performance.
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NewsMarks & Spencer celebrates ‘good’ Christmas
Marks & Spencer has hailed Christmas trading a success after posting 0.8% like-for-like sales growth over the festive period but warned that prospects remain uncertain.