All City & finance articles – Page 590
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News
Best Buy cuts forecasts as US slowdown starts to bite
Best Buy has slashed sales and profit forecasts in what analysts believe the latest sign of the country’s retail slowdown.
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News
Thorntons: The City View
The City gave Thorntons a thumbs-up after the chocolatier posted a tasty increase in first-half profits and sales.
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News
Competition probe and Asda success help quoted grocers
Food retailers staged a comeback after they emerged largely unscathed from the Competition Commission’s investigation into the grocery market. Good fourth-quarter figures from Asda helped, confirming that food retailers as a group have been doing well.
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News
Ashley’s pricing rethink pays off as profits rocket at Lillywhites
Sports Direct boss Mike Ashley’s world-famous Lillywhites business has nearly doubled pre-tax profits after taking a more ambitious approach to pricing.
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News
Grocers’ share price turbulence
Morrisons, the grocery victor last Christmas, took analysts on a tour of its Northern redoubts on Tuesday.
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Analysis
Is Baugur the new Sears?
Icelandic investor Baugur has changed the face of UK retail over the past five years. But with tougher times approaching, Amy Shields asks if it has overstretched itself
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News
Firebox seeks £5m to launchUS offensive
Online gadget retailer Firebox wants to raise 5 million of venture capital investment to fund domestic growth and expansion in the US.
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Opinion
Baugur can get past its issues
“Is Baugur’s UK retail empire on the verge of meltdown?” So began a story in The Sunday Telegraph last month.
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News
Signet: the city view
Signet, the world’s biggest specialist jewellery retailer, posted a 6.7 per cent group like-for-like fall in the fourth quarter, propelled by an 8.6 per cent drop in the US.
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News
Adams eyes a profit as sale talks denied
Adams chairman John Shannon claims to have turned the childrenswear retailer around just a year after buying it out of administration.
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News
City remains cautious over retail as shares lose regained ground
General retailers’ share price rises of recent weeks looked like a dead cat bounce as they slipped back over the week, although food groups managed an increase following their decline since the start of the year.
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News
‘Rough times ahead’ for retail
Retail faces one of its toughest years as like-for-like sales are set to nosedive, according to a report by Verdict Consulting.
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News
M&S voucher drive sparks stock fears
Marks & Spencer has distributed 800,000 discount vouchers offering 20 per cent off clothing, food and homewares this weekend as the retailer attempts to drive sales in the final weeks of its financial year, according to a report in The Daily Telegraph .
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News
John Lewis tests ban on cheques
Department store John Lewis has taken a step away from accepting personal cheques with a trial in two of its branches.
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AnalysisWhy low prices are not enough
People may be watching what they spend, but that hasn’t saved value specialists from collapse. George MacDonald surveys their prospects as they enter another tough year
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News
Interest rate cut to 5.25%
The Bank of England has cut interest rates by a quarter-point to 5.25 per cent.
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Opinion
It’s time for the last word on rate cuts
I have been taken to task recently by one or two economic journalists for continuing to call for a cut in interest rates.
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News
Sports Direct: The City View
Sports Direct moved up the City’s retail league after striking a deal with Chinese retailer ITAT.
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Opinion
Don’t just blame the market
It gives no one at Retail Week any pleasure that last week’s front page story about The Works being on the brink of administration came true even more quickly than expected.
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News
Base on a knife-edge as poor trading bites
Men’s and boys’ fashion chain Base Menswear was locked in crisis talks to stave off administration as Retail Week went to press.