All City & finance articles – Page 551
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News
Interest rate cut to record low of 1.5%
Interest rates have been slashed to a historic low of 1.5 per cent.
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News
Findel pulls off 'satisfactory' Christmas
Home shopping group Findel has revealed a 4 per cent fall in group sales for the 39 weeks to January 2 – a performance it labelled “satisfactory in the current market”.
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News
Peacocks posts steady Christmas results
Fast fashion retailer Peacocks has reported a solid Christmas and secured a 20 mililon equity injection from its backers to fund expansion in 2009.
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News
Majestic Wine sales fall over Christmas
Specialist retailer Majestic Wine suffered a Christmas like-for-like decline as credit crunched business customers cut back on expenses.
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News
House of Fraser reports resilient Christmas
House of Fraser has reported that like-for-like sales fell 1.5 per cent over the Christmas period and has reassured on its financial position after paying back its bank loans ahead of schedule.
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News
Ted Baker promotions take their toll
Fashion retailer Ted Baker has warned that profits will come in at the low end of expectations as a result of promotions over Christmas.
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News
Thorntons reports dip in like-for-likes
Thorntons has reported a dip in like-for-like sales of 6.6 per cent for the 12 weeks to December 27.
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News
Alexon profit forecasts ahead of management expectations
Fashion group Alexon has said that it expects full-year operating profit to exceed management expectations after a robust performance in December.
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News
New Look reports sparkling Christmas
New Look has bucked the retail gloom to reveal a robust performance over the festive period.
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News
Adams in administration
PriceWaterhouseCoopers has been appointed administrator to the UK's largest independent childrenswear retailer, Adams.
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News
Baugur denies plans for Icelandic government to take retailer stakes
Baugur has issued a statement denying reports yesterday that the Icelandic government may take stakes in UK retailers as part of the country's financial restructuring.
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News
Mothercare photo concessionaire collapses
One of the UK's largest operators of photo studios, which operated the majority of its branches within Mothercare stores, has collapsed.
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News
Debenhams to raise cash, reports claim
Debenhams is planning to raise extra cash in order to reduce its debt levels, today's Financial Times reports.
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News
Icelandic government may take retail stakes
The Icelandic government may take direct stakes in UK retailers as part of its plans to reform its devastated financial system.
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News
Theo Fennell slips into the red
Jeweller to the stars Theo Fennell notched up losses of 840,000 in the six months to September 30 and revealed it will consider cutting back its expansion plans.
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Opinion
Wake up and smell the turkey
Things may be tough, but there’s plenty for retailers and consumers alike to be positive about.
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News
Costco’s US sales lift offsets overseas drop
US discount retailer Costco has reported a rise in sales in its home market for the first quarter of its 2009 financial year, offsetting a decline internationally.
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News
Big loss for Arcandor as Karstadt costs soar
Arcandor has revealed full-year net losses of 745.7 million ( 663.7 million), as restructuring and tough trading at its department store chain Karstadt continued to pull down the German group’s earnings.
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Opinion
HMV whistles a happy tune
“Over the last two weeks there have been unprecedented changes to the competitive landscape of the entertainment sector.”
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News
Kesa profits plummet on poor performance in UK and Spain
Kesa unveiled a lacklustre set of first-half results after the electricals group’s performance was dragged down by its UK and Spanish operations.