All City & finance articles – Page 516
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NewsSports Direct buys Blacks stake to block rescue plan
UPDATED: Sports Direct succeeded yesterday in acquiring the rights to a disputed 29% stake in Blacks Leisure to vote against its rescue plans.
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NewsPawnbroker Albemarle & Bond’s profits surge
Jewellery-based pawnbroker Albemarle & Bond has posted strong interim results, with pre-tax profits surging 75% to £10.8m in the six months to December 31 2009.
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NewsAustin Reed steadies after profit dive
Austin Reed has said business has stabilised since reporting group profit fell 37% to £3.2m in the year to January 31, 2009, as men sacrificed suit purchases in the recession.
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NewsBroker sees potential in undervalued Next
Earnings momentum and share buy-backs have created a buying opportunity in fashion group Next, broker Investec believes.
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NewsSuperGroup confident of IPO success as others falter
Directors of SuperGroup, which aims to raise £125m through an IPO, are confident of the retailer’s longevity despite some potential investor concerns about fashion’s volatility.
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NewsElectricals etailer Ebuyer plots growth
Vida Capital Partners is confident of a strong 2010 as it ramps up its two retail businesses, etailer Ebuyer and kitchens retailer Wrens.
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News
Goldman Sachs eyes recovery in retail opportunities
Goldman Sachs has forecast that retail like-for-likes will rise in 2010 after two years of declines in the store groups it follows.
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OpinionRetailers will need a watertight story to float
Increasing scepticism means that those retailers that want to get IPOs away will need a watertight story and be floating for the right reasons
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NewsRetail flotation jitters hit non-food shares
General retailers lagged the All-Share index and their food peers as doubts were cast over stores’ IPO hopes.
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OpinionHalfords’ potential acquisition list
The question is how far the span of Halfords’ group can be profitably pushed without sprawling.
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NewsHalfords buys Nationwide Autocentres for £73.2m
Motor accessories group Halfords has bolstered its service and repair operations with the £73.2m acquisition of 224-outlet Nationwide Autocentres.
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NewsBurberry to restructure Spanish arm
Luxury heritage brand Burberry is to restructure its Spanish arm in a bid to bring the division in line with the global business.
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NewsMulberry raises outlook after strong trading
Luxury leather goods and clothing brand Mulberry has raised its full year outlook following a strong Christmas trading period.
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NewsThe Body Shop reports resilient trading
The Body Shop has reported total retail sales up 1% and like-for-like growth at up 0.7% in its full year 2009 figures.
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NewsHalfords mulls £30m Blacks bid
Outdoor specialist retailer Blacks Leisure is reported to be the latest bid target for Halfords.
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NewsH&M sales up 1% in January
H&M’s like-for-like sales rose 1% in the month of January compared with the same month last year.
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NewsSupergroup announces intention to float
Supergroup has announced its intention to raise £125m by floating on the London Stock Exchange.
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NewsDoubts raised over Ocado IPO
Doubts have been raised about the stock market flotation potential of Ocado, after it emerged that Waitrose is to launch a competing online operation in central London within two years.
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NewsNew Look IPO shelved
New Look has pulled its IPO process, citing an unfavourable market backdrop.
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NewsNew Look board meets as doubts rise over IPO
Fashion retailer new Look’s board will decide today whether to proceed with an IPO as fears rise that a flotation may be impossible.