All City & finance articles – Page 582
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Opinion
Manage for cash if you want to survive
Business recovery advisers are unlikely to find themselves under-employed in the coming months, as all sectors will feel the pinch.
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AnalysisWelcome to our new world
Charles Dunstone’s £1.1 billion link-up with Best Buy could change the face of European electricals retailing. Amy Shields reports on one of the most dramatic deals since Wal-Mart bought Asda
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News
Next: The City View
The trading climate’s harshness was highlighted by the sigh of relief and share-price rise that greeted Next’s 8.9 per-cent like-for-like first-quarter sales fall.
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Analysis
Carphone deal jolts electricals but grocers fail to impress City
Carphone Warehouse’s deal with Best Buy set the sector alight at the end of last week, sparking a wave of buying and bid speculation.
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News
M&S staff face bonus cuts
Marks & Spencer staff will see their annual bonuses slashed despite the retailer generating profits of more than 1 billion last year.
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NewsInvestors queue up to revive troubled chains
A string of beleaguered value chains that have hit the buffers recently face a new beginning next week.
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News
New lows for New Heights, but five shops saved
A handful of New Heights stores have been rescued by Sofa Workshop after its sister furniture retailer collapsed into administration this week.
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News
Borders puts Paperchase on market following review
Paperchase has been put up for sale by its US owner Borders.
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News
Justin King lambasts ONS’s inflation stats
Sainsbury’s boss Justin King this week hit out at the Government’s official inflation figures, saying they were giving a misleading view of the grocery market.
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News
DSGi on course for £1bn online sales
DSGi group chief executive John Browett was poised to reveal that annual online sales at the retailer had passed 1 billion for the first time in his eagerly anticipated strategic review.
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Opinion
Dunstone’s deal not without risk
Charles Dunstone has always had an impeccable sense of timing.
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News
MFI to slash a third of head office and support jobs
Furniture retailer MFI is to axe about a third of its head office and central support staff, as it enters a new phase of its five-year turnaround plan.
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News
Icelandic court nears verdict on Jóhannesson
Iceland’s Supreme Court is expected next month to rule on the long-running allegations of fraud against Baugur executive chairman J n sgeir J hannesson.
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News
Sir Tom Hunter fails to halt Dobbies rights issue
Tycoon Sir Tom Hunter has failed in his attempt to halt a rights issue by garden centre Dobbies.
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News
First impressions: Browett's big day
There was an absence of much-anticipated blood on the carpet today when new DSGi chief executive John Browett unveiled his strategic review.
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News
TK Maxx posts strong sales
TK Maxx's like-for-like sales rose 6 per cent in for the first quarter of this year in Europe.
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News
Tesco buys South Korean Homever stores
Tesco has bolstered its South Korean business with the acquisition of 36 Homever stores for 958 million.
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Opinion
Will Best Buy be retail parks’ saviour?
All eyes will be on new DSGi chief executive John Browett on Thursday when he reveals the first stage of his strategic review.
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News
Rising inflation deals rate blow
The annual rate of inflation leaped to 3 per cent in April, from 2.5 per cent in March, according to the Consumer Price Index (CPI).
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News
Laura Ashley takes Moss Bros stake beyond 7 per cent
Laura Ashley has boosted its stake in menswear retailer Moss Bros by buying a further 625,000 shares for 47p each, giving it more than 7 million shares in total.