All City & finance articles – Page 553
-
News
Clinton Cards enters talks to refinance
Clinton Cards is in informal discussions with its lenders as it seeks to renew its revolving credit facilities.
-
Opinion
Jessops needs to snap to it
Few were more surprised than the City when Jessops posted robust Christmas trading figures. For many, the sight of the specialist camera retailer edging towards the top of the festive performance league table and sitting happily near Somerfield and Waitrose was nothing short of a miracle.
-
News
Carpetright invests in ads as rivals flounder
Carpetright is to plough more cash into its advertising this year as it seeks to take advantage of competitors suffering in the recession.
-
News
Retailers rally against recession as they outperform the index
General retail stocks and food retailers outperformed the All Share index after a better than feared festive reporting season.
-
News
Ideal Shopping direct: buyout speculation
Ideal Shopping Direct chief executive Mike Hancox has denied that its founders are plotting to take the TV shopping group private after they ousted board members.
-
News
Baugur stakes in retailers seized
Baugur stakes in retailers including House of Fraser, Hamleys, and Iceland have been placed under the control of nominated receivers to prevent any asset sale.
-
News
Signet sales fall prompts cash and costs focus
Anglo-American jeweller Signet is to slash costs and concentrate on cash generation after suffering a fourth-quarter sales slump.
-
News
Interest rate slashed to 1 per cent
The Bank of England has slashed the interest rate to a record low of 1 per cent, a 0.5 percentage point drop.
-
News
Marks & Spencer wins £3.5m teacake tax battle
Marks & Spencer has won a landmark VAT battle about whether a chocolate-covered teacake should be treated as a biscuit or a cake.
-
News
Baugur on the brink of administration as Landsbanki pulls funding
Icelandic investment giant Baugur is understood to be on the brink of falling into administration after its backer Landsbanki pulled its funding.
-
Analysis
OC&C Christmas Trading Index: Christmas wrapped up
The frantic festive season is over and many retailers are breathing a sigh of relief. Charlotte Hardie examines the key themes in what has been a nerve-wracking few weeks with the help of OC&C’s Christmas Trading Index
-
News
New year cheer for electricals sector as Sales spur spending
Electricals retailers are enjoying a surprise new year sales surge as consumers continue to clamour for January Sales bargains.
-
News
New year cheer for electricals sector as Sales spur spending
Electricals retailers are enjoying a surprise new year sales surge as consumers continue to clamour for January Sales bargains.
-
News
Morrisons' value focus wins festive food fight
Morrisons performed strongly in the south of England over the festive period as shoppers switched from premium retailers to its value proposition.
-
News
Food trails behind rest of sector as reporting season concludes
General retail stocks led the pack while food groups lagged a wider market rise as the January reporting season drew to a close.
-
Opinion
Troubled Stylo acts with honour
“This is not about the mass closure of Barratts, it’s quite the opposite. What’s been put out for creditors to vote on is the rescue of the company.”
-
News
Adili's festive sales soar
Ethical online retailer Adili recorded a 102 per cent rise in total sales over the key festive season.
-
News
Sports Direct stake in JJB cleared by the Office of Fair Trading
The Office of Fair Trading (OFT) has cleared the purchase of 11.9 million JJB shares by Sports Direct founder Mike Ashley, saying it does not represent a possible merger.
-
News
Homebase in consultation with 300 store staff
Homebase is in consultation with up to 300 of its staff as the struggling DIY retailer seeks to realign its store leadership structure in the difficult trading environment.