All City & finance articles – Page 542
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AnalysisRetail finance directors: More than just number crunchers
No longer just bean counters in ivory towers, the role of the finance chief has evolved, and those who can marry the maths with commercial nous are in high demand.
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NewsDebenhams to cut down concession space
Debenhams will reduce its concession space by 450,000 sq ft as sales from own-bought ranges drive performance.
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NewsWHSmith considers increasing presence in overseas airports
WHSmith is contemplating further overseas expansion of its travel business by opening in more foreign airports.
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NewsReassuring updates propel retail shares again
Once again, the only way was up for store stocks as the general retailers’ rally maintained momentum following a raft of reassuring updates and results.
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OpinionIs retail seaworthy again?
Are investors in retail shares, like the Jumblies, going to sea in a sieve?
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News
N Brown looks abroad to continue its growth
Home shopping group N Brown will focus on new markets and an enhanced customer offer to continue to increase sales after a strong full-year performance.
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NewsConsumer confidence levels rise for third month
Consumer confidence improved in April to levels not seen for more than a year.Confidence in the general economic situation over the next 12 months reached an index level of -15, which was a 16-point improvement on the previous month and the strongest showing since August 2007 research carried out by ...
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NewsHMV reports strong growth but books remains weak
HMV UK and Ireland has reported like-for-like growth of 4.3 per cent for the 16 weeks ending April 25 while Waterstone’s like-for-likes slumped 4.5 per cent.
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NewsCarpetright like-for-likes continue to slump as margins slip
Carpetright’s like-for-like sales have continued to tumble but it has successfully renegotiated its banking terms.
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NewsSir Terry Leahy heralds signs of economic stability
Tesco boss Sir Terry Leahy says confidence is bouncing back as the grocer records profits of £3bn.
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NewsFrench Connection downgraded
Seymour Pierce last week rated French Connection a sell after revising its pre-tax loss forecast for 2009/10 following a company visit.
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NewsHalfords to overhaul supply chain as it strives to cut costs
Bicycle and car maintenance specialist Halfords is rethinking its supply chain and distribution centre network in an effort to save costs and drive efficiencies.
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OpinionCarpetright on solid ground
The latest BRC retail sales figures showed that while some sectors were up after several months of poor trade, the furniture and floor coverings sector worsened. But next week we may well see one retailer faring better than most in its sector – Carpetright.
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Opinion
Resenting bankers won’t get us far
The media’s and politicians’ campaign of vilification against individual bankers makes good copy but is just a convenient diversion from the real economic problems.
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News
Ideal to improve online offer after £4m loss
TV shopping group Ideal Shopping Direct has said it will focus on improving its online offer after a turbulent year led to a pre-tax loss of £4m.
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NewsTesco outperforms as profits rocket to £3bn
General retail stocks have outperformed the supermarkets lately, but that pattern was reversed this week as Tesco’s full-year results exceeded City expectations.
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News
Primark sales hit £1bn but harder second half looms
Primark broke the £1bn sales barrier in its first half but has warned of increasing pressure on margins.
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NewsNext leads share rally in retail sector
Next led a share rally in the retail sector last night as Citigroup said that share prices in the sector had bottomed out and that it was time to “relight the fire”.
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NewsAlexon profits dive as Bay Trading suffers tough competition
Fashion group Alexon has revealed that pre-tax profits before exceptionals plummeted to £3.5m in its full year to January 31, from £16.4m the year before.After exceptionals of pre-tax losses were £27.7m, down from a £12m profit in 2008.Turnover fell 4.5 per cent to £250.3m with like for like sales down ...
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NewsDeflation for first time since 1960
The retail price index (RPI) has fallen into negative territory for the first time since 1960 as decades of inflation come to an end.In the year to March all items on the RPI fell by 0.4 per cent compared with no change in February according to the Office of National ...