All City & finance articles – Page 520
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NewsAdili finance director leaves
The finance director of ethical etailer Adili has left the business as part of a restructure.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.
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NewsM&S launches £225m bond buy-back
Marks & Spencer has launched an offer to buy back up to £225m of corporate bonds and, subject to take-up, issue new debt with longer maturity.
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NewsMajestic Wine profit climbs 9% in first half
Majestic Wine’s pre-tax profit jumped 9% to £6.1m in the 26 weeks to September 28.
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NewsNew strategy lifts Majestic Wine
Majestic Wine is expected to report a solid performance at its interim results on Monday.
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NewsSavers reduces losses and pins hopes on rallying like-for-likes
Value health and beauty chain Savers reduced its losses in the last financial year and is confident it is moving towards profitability.
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NewsSignet upbeat as Ernest Jones sales improve
Jewellery retailer Signet reported that an improvement at its Ernest Jones chain has helped it achieve almost flat UK like-for-like sales in its third quarter to October 31.
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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NewsMothercare could suffer from toy discounting
Maternity specialist Mothercare, which also owns Early Learning Centre (ELC), posts interims on Wednesday, when broker Singer expects flat profits of about £9.7m.
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OpinionMarks & Spencer takes a bigger bite
The long siege of Marks & Spencer’s food division by grocery rivals has not yet been lifted, but the defence is looking more confident and the fight is increasingly being taken to the opposition.
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NewsIndie grocer Booths wins back shoppers with value range push
Independent grocer Booths nudged up pre-tax profits and like-for-like sales last year.
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NewsModern Warfare 2 fires up flagging games sector
Games retailers pulled out all the stops this week as they clambered to grab share of the biggest ever software launch to hit the market.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsSainsbury’s posts 18.5% interim profits rise
Supermarket group Sainsbury’s has unveiled a leap in interim profits and said customer numbers have surged,highlighting how effectively it has responded to tough retail conditions.
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NewsGoldsmiths owner Aurum agrees refinancing
Aurum, the jewellery group formerly backed by Baugur, has agreed a debt for equity swap with lenders and said recent performance has been ahead of expectations.
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NewsRicher Sounds profits slide while revenue soars
Hi-fi and televisions retailer Richer Sounds experienced a pre-tax profit decline of 8% to £3.4m in its full year.
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NewsBoots awaits decision on bid for Swedish chain
Alliance Boots is expected to learn this week whether it has been successful in its bid to buy part of Sweden’s pharmacy monopoly.
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.