All City & finance articles – Page 525
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% for the seventh month in a row.
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NewsCarphone reports "commendable" second quarter
Carphone Warehouse’s retail division, Best Buy Europe, reported that connections rose by 2% to 3.17m in the second quarter.
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NewsHalfords like-for-likes up 2.2%
Halfords has reported like-for-like sales are up 2.2% in its second quarter and said it is confident it will deliver further profit growth in the second quarter.
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NewsDunelm founder sells 8% stake
Updated: Dunelm founder and life president Bill Adderley has sold a 7.8% stake in the company.
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NewsThorntons in a "good position" for Christmas as sales rise
Thorntons revealed its revenue edged up 2.3% to £46.8m in the 14 weeks to October 3 as it reports it is in a in a “good position” for Christmas.
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NewsTJ Hughes turnover up 9.1%
Discount department store operator TJ Hughes has reported a 9.1% increase in turnover to £261.3m in its full year results.
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NewsMatalan ‘set for £1.5 billion 2010 sale’
Matalan could be put up for sale next year with a £1.5bn price tag, it has been reported.
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NewsPets at Home assesses IPO potential
Specialist retailer Pets at Home has moved closer to a flotation with the appointment of JP Morgan Cazenove as joint sponsor, joint bookrunner and joint global coordinator.
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OpinionSecond time lucky for New Look flotation?
New Look is heading the pack of private equity backed retailers considering a return to the market next year.
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NewsIndigo scores for Marks & Spencer as sales hold firm
Marks & Spencer has hailed the launch of its Indigo casualwear range a success after selling 350,000 items since its debut at the start of September.
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NewsSchuh overhauls website as profits defy market woe
Fashion footwear retailer Schuh is to relaunch its website next month after outperforming the market with a 21% leap in EBITDA for the year to March.
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Cautious optimism for Jacques Vert
Womenswear retailer Jacques Vert revealed a 0.8% fall in like-for-likes for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
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Hudson’s Bay Co considers IPO
Department store operator Hudson’s Bay Co is considering a public stock offering in the first half of 2011.President and chief executive Richard Baker said that although “nothing’s final”, the company was in talks over a listing on the Toronto Stock Exchange. “The offering could include all or part of Hudson’s ...
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OpinionA battle has been won at Marks & Spencer
M&S can afford to be satisfied, though not complacent. It still has a long road to travel to regain past levels of success.
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NewsJJB Sports first-half losses skyrocket as suppliers hold back stock
JJB Sports has continued to struggle with a poor stock position as it battles on in its survival fight.
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NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.
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NewsAsos sales bolstered by international expansion
Fashion etailer Asos pushed ahead with overseas expansion and improved delivery options to help deliver strong first-half sales growth.
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NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
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New Look in the frame for public offering in 2010
Retail IPOs moved a step closer this week as speculation mounted that New Look is gearing up for a £1.7bn flotation early next year.