All City & finance articles – Page 570
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News
Holland & Barrett buys Julian Graves
Holland & Barrett’s parent company NBTY Europe has bought its high street competitor Julian Graves from Icelandic investor Baugur.
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News
Inditex second-quarter profits rise
Fashion giant Inditex, owner of the Zara chain, has posted a surge in first-half sales and profits.
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News
Tesco launches into discounter arena
Tesco has today launched its biggest package of money-saving measures since the launch of its iconic Value range in a bid to become Britain’s biggest discounter.
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News
Carphone Warehouse deal to add $3.2bn to Best Buy sales
US electricals giant Best Buy expects its European venture with Carphone Warehouse – Best Buy Europe – to generate sales of US$3.2 billion ( 1.8 billlion) in the second half, it revealed today. However, the strength of the dollar is likely to dent the business’s performance when incorporated into Best ...
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News
Asda's Bond says food price inflation has peaked
Asda chief executive Andy Bond is confident that food price inflation has peaked, as the grocer launches over 5,000 price cuts across its ranges.
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News
Inflation climbs to 4.7 per cent in August
The annual rate of inflation rose to 4.7 per cent in August, an increase on the previous month’s 4.4 per cent rate, following hikes to food and energy bills.
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News
Kesa: City reacts to first-quarter power failure
City analysts have reacted with horror after electricals group Kesa reported a first-quarter sales slump at its top businesses.
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News
New season of negative updates gives retail analysts little reassurance
Retail had regained favour in the run-up to the reporting season, but the first set of updates brought a slew of bad news.
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Opinion
City Insider: Simon Fox is working magic at HMV
There was no new Harry Potter book this year to summon up book sales but that other sorcerer, Magic Circle member and HMV boss Simon Fox, still managed to conjure an impressive performance at group level.
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News
Thorntons defies downturn with profits and sales surge
Confectioner Thorntons expects the trend for shoppers to focus on quality rather than quantity to help it ride out the economic storm and revealed gloom-busting preliminary results.
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News
August blow cements September sales fears
Analysts fear non-food like-for-likes will dip further in September, after the BRC revealed a comparable store sales fall of 1 per cent in August.
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News
Waitrose challenges Aldi prices
Waitrose boss Mark Price has thrown down the gauntlet to the discounters, claiming the upmarket grocer is cheaper than Aldi on its entry price points in five out of 25 product categories.
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News
Carphone Warehouse ejected from FTSE 100
Carphone Warehouse has been ejected from the FTSE 100, bringing retail’s representation on the blue-chip index to the lowest in memory.
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News
Sports Direct posts flat quarterly sales and profits
Sports Direct, the store group controlled by controversial tycoon Mike Ashley, managed to maintain sales and profits in its last quarter, despite torrid trading conditions.
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News
Next remains cautious as profits fall
Next has posted a fall of 12.4 per cent in pre-tax profits in its first half to July, down to 173.5 million for the period.
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News
Thorntons defies gloom with profit jump
Thorntons has bucked the high street gloom to report a pre-tax profit boost of 19.6 per cent to 8.5 million in its preliminary results.
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News
Comet to make first-half loss as sales plunge
Anglo-French electricals group Kesa disclosed that sales have plunged at its flagship businesses, including UK chain Comet, which will make a first-half loss.
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News
Galiform and Merchant Equity settle MFI row for £8 million
Building supplies group Galiform has agreed to pay Merchant Equity Partners 8 million in settlement of a dispute arising from the sale of MFI’s retail business to the private equity firm.
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News
BRC slams expected business rates rise
The British Retail Consortium has hit out at the Government for failing to protect retailers from extra costs being piled onto the industry following a report suggesting that business rates will increase by 16 per cent from April 2010.