All City & finance articles – Page 586
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News
Shop price inflation slows in March
UK shop price inflation fell 0.2 percentage points to 1.1 per cent in March, which was the same level as November, according to the BRC-Nielsen Shop Price Index (SPI).
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News
Baugur to focus on retail following disposals
Serial investor Baugur is selling its media, technology and financial services operations to raise 430 million to fund future retail acquisitions.
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News
First quarter trading worst since 2006
The credit crunch has contributed to the highest number of negative trading statements from listed retailers since 2006, according to Grant Thornton.
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Opinion
A slow passage to India
Tesco seemed to edge closer to launching a joint venture in India this week, when its finance director appeared to suggest that talks with a potential partner had advanced beyond the exploratory phase.
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Opinion
The truth about the recession
While there’s some scaremongering going on, retailers do need to prepare for hard times
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News
Co-op needs to up Somerfield bid to seal deal
The Co-operative Group will have to raise its offer to buy Somerfield, which could result in a Competition Commission inquiry.
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News
M&S makes concessions to rebel shareholders
Marks & Spencer has made a series of concessions to its rebel shareholders in an effort to calm the row over Sir Stuart Rose’s planned elevation to executive chairman.
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Analysis
2028: A Retail Odyssey
Personalised products, refrigerated packaging and automatic grocery deliveries. These are just some of the retail trends forecast for the next 20 years. Charlotte Dennis-Jones reports
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News
‘An exceptional step in exceptional circumstances’
Marks & Spencer acts to justify Rose’s promotion in wake of shareholder opposition
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News
Tesco: the city view
As top grocer Tesco prepares to unveil full-year results a week on Tuesday, it finds its prospects for continued success increasingly under question.
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News
Stocks outperform market again as results season’s stars emerge
A raft of results and updates brought mixed news, but retailers’ stocks rose once again during the week and outperformed the market.
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News
M&S seeks compromise in Rose row
Marks & Spencer has suggested measures to defuse the bitter corporate governance row that erupted over the proposal to elevate boss Sir Stuart Rose to executive chairman.
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News
Debenhams chiefs shift shares
Debenhams chief executive Rob Templeman and chief operating officer Michael Sharp have transferred more than 300,000 shares to their wives.
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News
Private investors add voice to Rose’s role debate
A leading private shareholder organisation has added to concerns expressed by institutional investors about Marks & Spencer boss Sir Stuart Rose’s proposed elevation to executive chairman.
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News
Lord Sainsbury moves shares ahead of CGT change
Lord Sainsbury said last night that he had reshuffled his stake in the grocer founded by his family in advance of changes to capital gains tax (CGT) that come into effect on Saturday, according to The Guardian .
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News
M&S to take majority stake in India joint venture
Marks & Spencer is poised to take majority control of a joint venture to be created imminently with Indian powerhouse Reliance Retail.
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News
Tesco halts roll-out of Fresh & Easy
Tesco has halted the roll-out of its US convenience store chain Fresh & Easy, fuelling renewed speculation about its performance on the West Coast, according to The Sunday Telegraph .
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News
Alexon profits rise as sales fall
Fashion group Alexon increased its operating profit before exceptionals to 10.5 million in the year to January 26, 2008, from 9.9 million the previous year.
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Opinion
Credit crunch is not over yet
It looks as if the credit crunch has claimed its first big retail scalp. Last week, US book- seller Borders had to seek emergency funding to the tune of US$42.5 million (£21.3 million) from shareholder Pershing Square.
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News
Private equity buyer closes on The Works
Troubled bargain bookseller The Works is on the verge of being sold to a private equity house for just 15 million.