All City & finance articles – Page 537
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NewsTepid fundraising does job for Debenhams
City analysts have labelled the subdued take-up of Debenhams’ shares as part of its £323m fundraising a “disappointment” but said the department store group is nevertheless stronger as a result.
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NewsBlacks upgraded on back of funding hopes
Broker Singer Capital Markets has upgraded Blacks Leisure on the assumption that the troubled retailer will successfully win additional funding.
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NewsClinton Cards buys 196 Birthdays stores
Cards retailer Clinton Cards has confirmed the acquisition of 196 Birthdays stores from administrator Zolfo Cooper.
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NewsBack AGM resolution to split Sir Stuart Rose’s role, Pirc urges M&S shareholders
Influential shareholder adviser Pirc has added its voice to growing calls for Marks & Spencer to appoint an independent chairman next year.
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NewsMore boardroom unrest for M&S
Further boardroom tension has surfaced at Marks & Spencer over the timing of Sir Stuart Rose’s departure.
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NewsM&S chiefs waive share entitlements
Marks & Spencer executive chairman Sir Stuart Rose and executive director Steve Sharp are to waive share entitlements in the interests of “good shareholder relations”.
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NewsB&M Bargains sets sights on 400 stores as profits soar in downturn
Value retailer B&M Bargains has unveiled a sparkling set of full-year results and vowed to increase its store numbers to 400 across the UK.
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NewsHomebase scores for Home Retail Group
Recent sunny weather has helped DIY chain Homebase, which notched up a like-for-like sales increase of 3.8 per cent in the 13 weeks to May 30.
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NewsSteady Game trading gets mixed reaction from City
Computer entertainment group Game reassured that trading has remained “in line with expectations” in recent months but did not disclose exact numbers.
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NewsChristmas savings specialist Park Group steady
Festive orders at Christmas savings specialist Park Group are “close to the level of a year ago”, according to the group.
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NewsSainsbury’s and Tesco updates cause a stir
Big grocers took the spotlight this week as Sainsbury’s and Tesco issued first-quarter updates. And what the pair had to say has implications for the entire retail sector.
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OpinionDSGi begins to show spark
Electricals rivals Kesa and DSGi both post full-year results next week. There hasn’t been much spark in either lately. But as Best Buy limbers up to take on the European incumbents next year, there are signs that the pair are getting into shape.
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NewsRay Kelvin upbeat as Ted Baker sales surprise
Ted Baker chief executive and founder Ray Kelvin remains confident that shoppers are still spending despite being in the middle of a deep recession.
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NewsDeals struck on 210 Birthdays stores but 800 jobs to go
Birthdays’ administrator Zolfo Cooper has accepted two offers for a total of 210 stores. The deals safeguard 1350 jobs but 800 will go as the remaining 132 shops will shut.
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NewsTesco bond sale raises £430m
Grocery group Tesco has raised £430m through the sale of commercial mortgage-backed securities (CMBS).
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NewsOcado could float in 2010
Online grocery retailer Ocado could bag an estimated £600m next year if a float that is being considered were to go ahead, according to The Times.
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NewsSainsbury’s raises £445m to fund growth
Sainsbury’s is to raise £445m to fund an accelerated growth drive and deliver an extra 2.5 million sq ft of trading space by March 2011.
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NewsKesa to sell Swiss business
Kesa has entered exclusive talks with Swiss electricals retailer FUST to sell its Swiss operation for CHF20m (£11.4m).
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NewsGame trading in line with expectations
Game Group has said that trading since February has remained in line with expectations.
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NewsTed Baker sales lifted by strong UK performance
Ted Baker has reported a surge of 15.2 per cent in retail sales for the 19 weeks to June 13 and said its gross margins have so far been in line with expectations.