All City & finance articles – Page 539
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NewsJoJo Maman Bébé set for record year
Maternity retailer JoJo Maman Bébé expects to shrug off the downturn to record its most profitable year.
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NewsMoss Bros should survive recession, analysts say
Moss Bros should be “one of the survivors of the recession” analysts believe, after the retailer reported sales ahead of City expectations.
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NewsMorrisons first-quarter like-for-like sales jump
Morrisons has revealed an 8.2 per cent rise in first-quarter like-for-like sales as bargain hungry customers flock to its lower-price offer.
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NewsDebenhams to raise £323m in share sale
Debenhams has revealed plans to raise £323m in a share placing to slash its debt pile and said profits were growing at the department store chain.
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NewsJJB Sports completes refinancing
JJB Sports has completed its refinancing and ended its standstill agreement with its banks.
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NewsKingfisher profits soar 38.5 per cent in first quarter
Kingfisher’s retail profit surged 38.5 per cent to £128m in the 13 weeks to May 2, beating expectations as seasonal products and favourable weather lifted sales.
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NewsHome Retail boss misses bonus
Home Retail Group chief executive Terry Duddy took a hit of over £900,000 to his total pay last year after missing out on a performance-related bonus.
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NewsMoss Bros reveals sales fall but says performance improving
Moss Bros has revealed that like-for-like sales dropped 3.9 per cent in the 16 weeks to May 23. Total sales fell 2.3 per cent during the period.
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NewsHalfords names Dennis Millard chairman
Motor accessories and bikes giant Halfords has appointed Dennis Millard as chairman, replacing Richard Pym.
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NewsLosses spiral as Blacks battles to recover
Outdoor pursuits specialist Blacks Leisure has acknowledged there is “material uncertainty” about its future but insisted progress is being made in turning the business around.
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NewsDavid Jones says loss-making JJB Sports is his ‘biggest challenge ever’
JJB Sports executive chairman David Jones has described his turnaround attempt as “the biggest challenge I have ever had”, as the retailer posted a full-year loss of £189m.
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Green shoots shrivel as rally grinds to halt
Green shoots shrivelled as, for the third week running, general retailers were in reverse. The sector’s amazing rally over the past few months has shuddered to a halt as a result of profit taking by investors, some nasty shocks and a still uncertain outlook.
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Heron Frozen Foods sales jump but profits take a hit
Grocer Heron Frozen Foods has revealed a slide in its full-year pre-tax profits.
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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OpinionClinton has its cards marked
Clinton Cards’ £46.4m acquisition of rival Birthdays in 2004 was one of the least surprising deals ever.
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NewsGame’s share price slides after Gamestop’s caution
Computer entertainment group Game’s shares plunged after US giant Gamestop warned of falling sales last week.
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NewsMoody’s downgrades outlook on Tesco
Credit rating agency Moody’s has downgraded its outlook on Tesco to negative over concerns about levels of debt in the business.
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NewsSports Direct offloads JJB stake
Sports Direct has sold its 5 per cent stake in rival JJB Sports.
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NewsChapter 11 provisions take shine off Ahold’s US performance
International grocery group Ahold has reported that its US chains Stop & Shop and Giant-Landover delivered their best like-for-like performance “in many years” during the first quarter.