All City & finance articles – Page 553
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News
John Lewis posts record technology sales
John Lewis has continued to gain sales momentum after notching up a record week for its technology products.
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News
Strategic Retail suspends shares
The shares for Fads owner Strategic Retail have been suspended this morning after it placed three of its subsidiaries into administration.
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News
EUK redundancies begin after no buyer is found
Two-thirds of the staff at EUK, the Woolworths-owned entertainment distributor which is in administration, have been made redundant after no buyer was found for the business.
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News
US’s Safeway to slash costs and prices next year
US grocer Safeway will slash prices next year and also run an aggressive cost-cutting programme to help it almost double its free cash flow.
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News
Bid deadline set for 48% stake in grocer Mercator
Two shareholders in Mercator, one of southeast Europe’s biggest food retailers, have set a deadline for bids as they prepare to sell their 48.3 per cent stake.
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Opinion
David Ross row won’t hurt Carphone Warehouse
Carphone Warehouse shares hit a five and a half year low on Monday as controversy raged over co-founder David Ross’s treatment of shares.
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News
Primark maintains it will not be beaten by the downturn
Primark parent Associated British Foods (ABF) has reaffirmed its belief that the value fashion chain will ride out the downturn.
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News
Morrisons sales shine as it woos customers
Morrisons delivered an industry-beating like-for-like sales performance in its third quarter as it won new customers.
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News
Land of Leather: the City view
The sofas specialist disclosed on Tuesday that talks about a potential sale are over.
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News
Sector manages to raise its profile following series of uplifting events
Last week’s interest rate cut, better weekly numbers from John Lewis, a weather boost and cautious broker optimism about general retailers all helped lift the sector.
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News
Envy administration on cards, Kinnaird warns
Envy boss John Kinnaird has said he may be forced to put the fashion chain into pre-pack administration if landlords are not willing to help the struggling retailer by renegotiating rents.
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News
Loan repayment deal props up troubled JJB
JJB Sports has been handed a lifeline as banks have allowed its repayment of a 20 million bridging loan from Kaupthing to be deferred.
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News
Online’s Mega Monday sales spike still to come
The key Christmas sales day for online retailers, Mega Monday, is expected to happen a week later this year.
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News
Sales finally pick up as festive rush starts
The high street has reported a much-needed uplift in sales since the beginning of December as Christmas shoppers finally loosen their purse strings.
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Opinion
Discount today, pay tomorrow
It feels like January on the high street – and not just because it’s been much colder than the typical December.
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News
Somerfield sales revive as Co-op takeover nears
Somerfield has posted a strong full-year performance as it moves into the final stage of its 1.57 billion sale to Co-operative Group.
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News
Bailiffs on alert as landlords fear for rents
An army of bailiffs has been put on standby by the UK’s largest landlords as they expect a raft of retailers will fail to have funds in their bank on Christmas Eve to meet their quarterly rent deadline on December 25.
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News
Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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News
John Lewis sales gather momentum
Sales at John Lewis have continued to gain momentum as shoppers flock to buy gifts, beauty and clothing.
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News
Mulberry feels economic squeeze
Luxury fashion group Mulberry has revealed like-for-likes have plunged over the past 10 weeks in line with deteriorating economic conditions.