All City & finance articles – Page 536
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NewsFashion-driven online lift enhances Asos forecasts
Fashion was one of the drivers of online sales in July, bolstering confidence in clothing online specialists such as Asos.
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NewsRetail stocks lifted as FTSE bounces back
The FTSE 100 closed at a 10-month high on Tuesday. Food and general retailers alike were both up over the week although neither matched the All-Share rise.
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OpinionThe billion Dollar question
At last, a retail IPO. Dollar General’s flotation is happening in the States not the UK, but success would be a sign that markets may be fully opening again and that stores can win investor backing.
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NewsStrong July does not spell the end, City says
The strong retail sales rise reported by the ONS for July met with a downbeat reaction in the City as analysts cautioned that it is still too early to call an end to the downturn.
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NewsFocus’s CVA dashes rivals’ hopes of market share gains
The success of Focus DIY’s CVA has quashed competitors’ hopes that capacity would be taken out of the DIY market.
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NewsLiberty losses narrow
Upmarket London department store Liberty has reduced its first half losses after the relaunch of its West End flagship store proved a success.
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NewsEsprit to invest in expansion as profits take a dive
Esprit has laid out plans to invest in is underperforming markets as the global downturn contributed to a group pre-tax profits fall of 26% to HK$5.97bn (£476m).
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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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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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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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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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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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OpinionCompetition still hot in grocery
So farewell then – for now – to Paul Foley. The Aldi UK boss’s abrupt departure last week led to speculation that the wheels have come off his juggernaut.
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NewsDebenhams upgraded as margin prospects improve
City brokers have issued a raft of upgrades for Debenhams ahead of its pre-close update next month.
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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.