All City & finance articles – Page 531
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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NewsConsole price cut to benefit Game
Game’s shares were expected to rise after Sony revealed a much-anticipated PlayStation 3 price cut on Tuesday.
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NewsBrokers divided as Tesco ups food ante
The retail rally lost momentum last week, although store groups were well up year on year.
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NewsAnalysts bullish on WHSmith’s prospects
Analysts issued a wave of bullish notes on WHSmith’s prospects as the bookseller and stationer approaches its year end next Friday.
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NewsAsda cites low prices and quality as key to success across markets
Asda has claimed its food, home and leisure and George clothing departments are all outperforming their respective markets.
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NewsChange Capital acquires German fashion retailer Hallhuber
Private equity firm Change Capital Partners has acquired German womenswear retailer Hallhuber in a €29m (£25m) deal.
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NewsFormer Boots boss Richard Baker joins private equity firm Advent
Former Alliance Boots chief executive Richard Baker has joined private equity group Advent International as an operating partner.
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NewsFocus CVA plan has ‘strong chance of success’
DIY group Focus’s CVA proposal has “a strong chance of success”, said Seymour Pierce analyst Freddie George after a company visit.
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NewsJessops like-for-likes down 4.7%
Jessops has reported like-for-like sales down 4.7% in the 12 weeks ending August 16, against the continuing difficult retail environment.
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NewsRetail helps stem British Land losses
Losses at shopping centre and retail park owner British Land have been stemmed in its first quarter, helped by a robust performance by its retail assets.
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NewsH&M like-for-like sales fall 3 per cent in July
Sales at H&M fell 3 per cent on a like-for-like basis in July compared to a 3 per cent increase for the same month last year.
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NewsRetail rally tails off as stocks underperform
The meteoric rise of the stores sector tailed away over the week and general retailers underperformed their food peers and the market.Of the biggest 10 retail stocks, eight were down, including Next and Kingfisher despite some bullish notes on both.The latest BRC sales data showed 1.8% like-for-like growth in July ...
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NewsHMV shares rise as Fox recommits
HMV shares bounced back after chief executive Simon Fox pulled out of the race for the top job at embattled broadcaster ITV.
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NewsSignet spies opportunity despite weak sales
Jewellery giant Signet hopes to build market share, leading to a stronger second half, after weaker than expected sales in its second quarter.
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NewsLuxury department stores fend off recession with sales gains
Department store operators Harrods, Harvey Nichols and Fenwick have reported resilient trading over the past year, despite the bleak retail landscape.
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OpinionHome comforts
There are new signs of bounce in the hard-pressed homewares and furniture market, on which the springs went more than a year ago.
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NewsNext upgraded on back of share price expectations
Broker Pali International upgraded Next from neutral to buy in expectation that the fashion group’s share price will rise ahead of next month’s interims.
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NewsBest Buy threat to UK players overblown, analyst says
The threat posed by US giant Best Buy’s UK launch to electricals specialists DSGi and Kesa has been overblown, believes broker Shore Capital.
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NewsThorntons completes refinancing
Thorntons has completed its refinancing, having signed a new revolving credit facility of £52.5m.
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NewsStrong support for Findel fundraising
Home shopping group Findel has said its £81m fundraising has received strong support from investors.