All City & finance articles – Page 572
-
News
Asos chief nets £352,000 in pay and bonuses
Asos chief executive Nick Robertson took 352,000 in pay and bonuses last year after bucking the downturn and more than doubling pre-tax profits at the business to 7.3 million.
-
News
Smallbone trebles profits
Furniture retailer Smallbone became the latest luxury retailer to buck the downturn, more than trebling its pre-tax profit for the six months to June 30. However, the retailer remains cautious about the future trading environment.
-
NewsWoolworths shareholder backs Malcolm Walker bid rejection
Woolworths’ biggest shareholder is backing the variety store retailer in its rejection of Malcolm Walker’s £50 million bid, according to The Sunday Times.
-
News
JJB Sports: The City View
Buy-out speculation once again engulfed JJB Sports, which is thought to have enjoyed a trading fillip stimulated by the UK’s strong Olympics performance.
-
News
Bid speculation nudges share prices up in short trading week
General retailers climbed over the week, partly buoyed by bid speculation about Woolworths and JJB Sports (see The City View below), but the grocers’ share price rise was more muted as the market digested last week’s data.
-
News
35 retailers back Green’s letter to landlords
Sir Philip Green has written to some of the UK’s biggest landlords on behalf of 35 retail groups in an attempt to bring key aspects of how retail property is leased into the modern era.
-
Opinion
What hope for Christmas?
The dog days of August are almost over. Store chiefs and analysts are back from Monaco and Mustique (or Margate, for those whose options are under water). And the countdown has begun to the year’s biggest retail blowout: Christmas.
-
News
Analysts forecast DSGi sales drop as update approaches
Electricals group DSGi is expected to reveal a sales decline at next week’s AGM.
-
News
Q2 wipeout bodes ill for shopper spending
Fears of recession have grown after UK economic growth collapsed in the second quarter.
-
News
Worst retail figures in 25 years, CBI reports
Wet weather and difficult trading conditions have resulted in the worst retail performance for 25 years.
-
News
Concerns raised over Woolworths covenants
Variety store group Woolworths is likely to stretch its banking covenants to the limit and fail to pay a dividend for the next two years, an analyst has warned after a company visit.
-
News
Ahold margins hit by promotions
International retailer Ahold has taken a margin hit and missed analysts’ forecasts after spending heavily on price promotions during its second quarter.
-
News
Liberty losses widen after investment
Pre-tax losses at Liberty have increased in the first six months of the year as the iconic department store continues to invest in its Liberty of London brand.
-
News
Styles & Wood profits nosedive
Styles & Wood, the UK's largest shopfitter, has seen pre-tax profits crash by 53.8 per cent to 2.4 million in the year to June 30.
-
News
Superquinn up for sale
Sainsbury’s, Tesco and Asda are all reportedly interested in buying Superquinn, the Irish grocer that has retained Goldman Sachs to advise on a sale.
-
News
BPF president warns of rent reform dangers
Small retailers could face greater demands for rental deposits if there was a widespread move to monthly rent payments, one of the most powerful figures in retail property warned this week.
-
News
Tesco local sourcing sales to reach £500m
Tesco is on course to generate more than 500 million from the sale of locally sourced food and drink sales this year, according to The Times .
-
News
Co-op to install mini-banks in 250 convenience stores
The Co-operative Group will put banking operations inside up to 250 of its biggest convenience stores to encourage customers to use more services within the mutual group, according to The Telegraph .
-
News
UK economic growth grinds to a halt
UK economic growth has flatlined between April and June, increasing fears of a recession.
-
News
Woolworths: The City View
Malcolm Walker’s surprise offer for Woolworths with backing from Baugur gave the group’s shares a fillip on Monday.