All City & finance articles – Page 518
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NewsOcado appoints advisers ahead of float
Online food retailer Ocado has appointed advisors for ahead of a float which could come as early as May, according to reports.
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NewsThe Book People agrees £15m asset-backed loan deal
Direct bookseller The Book People has secured a £15m asset-based loan facility from specialist lender Burdale to support current and future working capital requirements.
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NewsBlacks Leisure to raise £20.3m for recovery drive
Outdoors specialist Blacks Leisure has unveiled proposals to raise £20.3m through a share placing and open offer.
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NewsDebenhams’ Rob Templeman linked to bid for DFS
Debenhams chief executive Rob Templeman is said to be considering a tie-up with private equity firm Cinven to mount a £500m bid for furniture group DFS.
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NewsCity still cautious about ‘badly bruised’ JJB Sports
JJB Sports’ latest trading update did little to cheer the City despite some signs of improvement.
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NewsBurst of retail activity sends shares soaring
Retail sector excitement including boardroom musical chairs and details of the first IPO in years added some excitement to stores’ share prices, which outperformed the market.
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NewsNew Look reveals global ambitions as it lines up float
Fashion giant sets sights on expanding international presence as it aims to raise £650m through IPO
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NewsCity backs ‘inspired’ choice for Morrisons chief exec role
The City has welcomed the appointment of Dalton Philips as chief executive of Morrisons, and many analysts expect the grocer to adopt a more aggressive growth plan.
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NewsCity backs Mothercare’s Boots tie-up
Mothercare and Boots have forged a strategic tie-up to create a clothing and accessories range.
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NewsGunnar Sigurdsson defends Baugur
Former Baugur chief executive Gunnar Sigurdsson has defended the Icelandic investor’s strategy one year on from the group’s spectacular collapse.
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OpinionValue doesn’t just mean cheap
In future, competition will centre around service and knowledge - not price, says David Wild
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News
Findel debt reduction plan on track
Home shopping group Findel said its debt reduction plan is on track and pledged to restore sales growth to key operations as it updated on the 39 weeks to January 1.
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NewsPoor January sales drag down retailers
General retailers were hit in the wake of poor January sales data from the British Retail Consortium and wider market turbulence at the end of last week.
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OpinionA lot is riding on New Look
The sour taste left by disappointing retail IPOs of the past and jitters about how retail conditions will shape up this year mean there’s a lot riding on how New Look’s much-anticipated IPO fares.
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NewsNew Look management in line for bumper pay day
New Look’s management team is set to make millions of pounds from the retailer’s payment in kind (PIK) notes.
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NewsAdili suspends shares as future hangs in the balance
The future of ethical etailer Adili is unclear as it announced that its shares have been suspended after failing to secure finance for the company’s future.
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News
Card Factory appoints KPMG to advise on sale
Greetings card retailer Card Factory has appointed KPMG to advise on a sale of the business, which could fetch up to £400m.
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NewsSnow hits Carpetright sales
Carpetright group sales grew 7% in the 13 weeks to January 30 as snow last month hit sales.
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NewsNew Look confirms IPO
New Look has confirmed that it will float on the stock exchange, poised to value the fast fashion retailer at £1.7bn.
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NewsAnger over Marc Bolland’s M&S pay deal
Investors and shareholder advisory groups have criticised the pay package awarded to incoming Marks & Spencer chief executive Marc Bolland.