All City & finance articles – Page 521
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NewsTrago Mills profits take a hit in recession
West Country retailer Trago Mills suffered a fall in profits and sales in the year to December 31, 2008.
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NewsMarks & Spencer and Next results surpass expectations
Updates from the two biggest quoted fashion groups, Marks & Spencer and Next, pleased brokers as each retailer reported encouraging recent trading.
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NewsPrimark juggernaut powers on as expansion spurs sales
Primark posted results in line with City expectations, including a 7% rise in like-for-like sales in the year to September 12.
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News
Consumer confidence continues slow recovery
Consumer confidence in the UK continued to increase in October, but levels remain fragile.
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NewsMarks & Spencer and Next chiefs see market stabilising
Marks & Spencer executive chairman Sir Stuart Rose intends to trade the business at full price through the Christmas period on the back of improved consumer confidence.
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NewsDunelm celebrates surge in sales and profits
Value homewares retailer Dunelm brought forward its trading update after better than expected trading.
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NewsAsos shrugs off slowing etail growth
Investec published a buy note on Asos ahead of its half-year results on November 16, despite evidence of challenges facing online retailers.
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NewsAlliance Boots on track to hit targets after healthy half-year
Alliance Boots has said customer service and value have been the main drivers in helping it deliver sales growth of 11.6% to £9bn in the six months to September 30.
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NewsTM Lewin rules out IPO after strong half
Shirt specialist TM Lewin has ruled out an IPO and has put to bed speculation that backer HBoS wants to exit the business.
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NewsHopes of recovery rise as Bank holds interest rates and injects £25bn into economy
The Bank of England has held interest rates at 0.5% for the eight month in a row and inject an extra £25bn into the economy in an attempt to stimulate recovery.
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NewsSales improve at Signet
The UK’s biggest jewellery chain Signet has reported an improvement in sales in its third quarter.
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OpinionLike-for-like differences linger on
A feature on like-for-like sales that I wrote a few weeks ago caused more controversy than was intended; and one retailer has quickly responded by issuing multiple sales measures for comparative purposes.
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NewsM&S posts flat first-half profits
Marks & Spencer reported a “good start” to its third quarter but is “cautious” about Christmas prospects after posting flat interim profits.
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NewsAlliance Boots revenue up 11.6%
Health and beauty group Alliance Boots has reported revenue up 11.6% to £9bn for the six months to September 30 and said it is well positioned for the second half including the key Christmas trading period.
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NewsDunelm like-for-likes rise 15.1%
Value homewares retailer Dunelm has delivered a better-than-expected performance in the first 17 weeks on the new financial year, as like-for-likes jumped 15.1%.
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NewsBlacks looks to exit 89 stores with CVA proposal
Blacks Leisure has unveiled details of a proposed company voluntary arrangement (CVA) as part the group’s restructuring.
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NewsInstore narrows losses and delists from stock exchange
Value retailer Instore has narrowed its pre-tax losses in its first half as it reveals it is to delist from the stock exchange.
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NewsWeak retail sales data hits non-food shares
Uncertainty about prospects was sparked by cautious comments from Arcadia tycoon Sir Philip Green as he unveiled full-year results, even though the CBI’s monthly retail survey was better than expected.
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NewsSales leap helps Carpetright exceed forecasts
Carpetright has revealed a better than expected first half after an improvement in the second quarter.
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NewsJD Sports in frame to buy football centres business
Speculation is circulating that JD Sports Fashion is planning to gatecrash a £42.5m takeover of five-a-side football chain Powerleague, where rival retailer Sports Direct’s acting chairman Simon Bentley is a director.