All City & finance articles – Page 534
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News
United Carpets profits fall while like-for-likes rise
United Carpets’ pre-tax profit fell from £1.73m to £1.36m in the year to March 31, although the figure came in ahead of expectations.
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NewsHalfords remains cautious despite sales rise
Halfords like-for-likes increased 1.3 per cent in the 13 weeks to June 27 as the bikes and car maintenance retailer benefited from strong multi channel growth.
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NewsFitch: No high street recovery until 2011
Any signs of green shoots on the high street are unsustainable and a lasting recovery may not emerge until 2011, according to credit ratings agency Fitch.
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NewsMothercare protected by overseas presence
Mothercare’s international presence in 50 countries is protecting it from a slowdown in certain markets, chief executive Ben Gordon has said.
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NewsSwine flu could threaten trading, warns Next's Simon Wolfson
Next chief executive Simon Wolfson has voiced fears that the growing swine flu epidemic could threaten second-half trading.
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NewsMorrisons’ performance puts it in a ‘different orbit’
Morrisons is confident that its full-year results will come in ahead of expectations as strong trading continued into its second quarter.
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NewsSports Direct reels as profits dive and China plans shrivel
Sports Direct has hit a major obstacle in its ambitious plans to expand in China, while, a tough year has led to a 91 per cent plunge in profits.
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NewsTM Lewin weighs options as backer moots an exit
TM Lewin is exploring new financing options but its management hope to retain a majority shareholding.
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NewsUnited Carpets to rise as Allied Carpets falls
The collapse of all but a rump of the Allied Carpets chain is likely to benefit not just market leader Carpetright but AIM-listed United Carpets.
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OpinionNext boss Simon Wolfson excels again
Next boss Simon Wolfson is making a habit of beating expectations. So good has recent performance been that Next brought forward its trading update and upped internal profit forecasts by £30m.
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NewsRetailers stir FTSE 100 onto impressive gains
Retailers helped the FTSE 100 make its best run of gains in four years on Tuesday, the seventh consecutive day that the index rose.
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NewsMike Ashley threatens JJB AGM showdown with Sir David Jones
Sports Direct tycoon Mike Ashley intends to embarrass rival JJB Sports executive chairman Sir David Jones at JJB’s AGM tomorrow.
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NewsB&Q beats second-quarter expectations
DIY giant Kingfisher’s flagship B&Q UK chain beat second-quarter sales expectations, helped by business improvements and the collapse of rivals.
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NewsHouseholds £12 a week better off in June, says Asda
UK families were on average £12 better off a week in June compared with last year, representing a 7.8 per cent increase as interest rate cuts continue to help mortgage payers.
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NewsMorrisons confident it will beat full-year expectations
Morrisons has reported that it is confident its full-year results will be ahead of earlier expectations as it has achieved strong trading in its first and second quarters.
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NewsNext raises profit forecast
Next has raised its profit forecast by £30m after a strong start to the year.
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NewsRecession takes toll on online sales growth
The recession has started to hit online sales growth as the exponential increases once experienced by the e-tail market have begun to slow, according to new figures.
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OpinionTables could turn in grocery
Auctioning off a 25lb pork pie could only have happened at a Marks & Spencer AGM, and it could only have been fronted by the showman himself Sir Stuart Rose.
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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AnalysisIs a wave of retail floats imminent?
The prospect of retail IPOs is rising, but the shaky economy and recent cash calls could make talk of floats so much hot air. By George MacDonald