All City & finance articles – Page 524
-
OpinionM&S ‘audition’ leaves questions not answers
If this week’s Marks & Spencer investor day was intended to allow the internal candidates for the chief executive’s job to show their mettle, it was a gamble that backfired spectacularly.
-
NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
-
NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
-
NewsSainsbury’s shares rise amid bid rumours
Sainsbury’s shares have risen by as much as 20% amid speculation that the Qatari Investment Authority was planning a renewed offer for the grocer.
-
NewsFlying Brands raises £1.76m in share placing
Flying Brands has raised £1.76m in a share placing to repay part of its outstanding debt.
-
NewsWHSmith profits up, but sales slip slightly
WHSmith has reported group pre-tax profit has increased to £81m in its full-year results from £76m the previous year but sales have dipped slightly.
-
NewsMothercare reports UK like-for-likes up 4.1%
Mothercare has reported UK like-for-like sales up 4.1% in its first half and remains “confident” for the rest of the year.
-
NewsStrong retail sales for Burberry
Burberry’s revenue rose 6% year-on-year for the six months to September 30 to £572m, boosted by solid retail sales and a particularly strong performance from the UK and Korea.
-
NewsSerious Organised Crime Agency probes former JJB Sports executives
Former JJB Sports executives are facing the scrutiny of the Serious Organised Crime Agency and HM Revenue, piling more pressure on the sports retailer that is already under investigation by the Office of Fair Trading and the Serious Fraud Office.
-
NewsN Brown pre-tax profits up 13%
Pre-tax profits at home shopping group N Brown grew 13% to £41.8m in the 26 weeks to August 29.
-
NewsM&S reveals homewares and online food ambitions at investor day
Marks & Spencer general merchandise director Kate Bostock has identified homewares as a “huge opportunity” for the retailer, which intends to carve out a market leading position in the category.
-
NewsJJB proceeds with £100m fundraising
JJB Sports has unveiled details of its £100m equity raising and new banking terms.
-
NewsJJB equity issue to raise £100m
JJB Sports is to launch a £100m equity issue in the latest phase of its turnaround battle following its CVA earlier this year.
-
OpinionIPOs will face an inquisition
After all the feverish speculation of the past few weeks, there is now little doubt that a raft of retailers is preparing to float in the new year.
-
NewsTJ Hughes results spur expansion plan
Discount department store operator TJ Hughes is pushing ahead with expansion after it reported turnover increased 9.1% to £261.3m in the year to January 31.
-
NewsMarks & Spencer operating costs hike hits shares
Marks & Spencer’s shares fell 4.4% as the City digested last week’s second-quarter update.
-
NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
-
NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
-
NewsPotential Pets at Home IPO whets City appetite
Pets at Home’s possible float next year is likely to generate strong interest from the City, according to analysts.
-
News
Alworths ‘will break even’ in first year
Alworths, the variety chain set up by former Woolworths director Andy Latham, expects to break even in year one of trading.