All City & finance articles – Page 592
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News
Shoe Zone poised to swoop on Stead & Simpson
Footwear chain Shoe Zone is understood to have bought Stead & Simpson in a deal that is likely to be finalised today.
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News
Emergency rate cut in US helps store groups outperform at last
The US Federal Reserve’s emergency rate cut – the biggest in 25 years – helped markets rise mid-week and gave store groups a lift.
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News
Kinnaird plots rescue for top Dolcis stores
Retail entrepreneur John Kinnaird will next week approach landlords to renegotiate leases on the top-performing Dolcis stores in an effort to salvage something from the chain that went into administration this week.
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Opinion
Bolland’s world of opportunity
When future retail historians write the history of Morrisons, the first quarter of 2008 will figure large. March will be the end of an era, when Sir Ken Morrison steps down as chairman. And what better present could he leave with than the grocer having turned the corner as spectacularly ...
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News
M&S eyes Somerfield
Marks & Spencer is understood to have expressed an interest in acquiring some Somerfield shops.
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NewsTJ Hughes puts paid to plunging profits with a positive Christmas
Discount department store group TJ Hughes has delivered a substantial turnaround from a profit slump of almost 100 per cent in the year to January 2007.
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News
Musgrave completes store divestment programme
Food group Musgrave has completed the sale of its company-owned UK stores to independent retailers.
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News
King hints at interest rate cut
Bank of England governor Mervyn King has hinted that interest rates may be cut next month.
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News
Asda's interest in Somerfield hots up
Asda is thought to have engaged investment bank Lazard to advise it on a potential 2.5 billion bid for Somerfield, according to The Times .
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News
Kinnaird in talks to buy Envy
Retail entrepreneur John Kinnaird is understood to be in talks with fashion group Alexon to buy its struggling menswear chain Envy.
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AnalysisThe end of the affair?
The City has fallen out of love with retail, as share prices tumble on the back of disappointing Christmas trading. George MacDonald asks whether it is a trial separation or a case for divorce
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Analysis
Small change
The European Commission’s ruling against MasterCard’s interchange fees was a big victory for retail and could set a precedent that saves the sector more than a billion pounds a year. But, as Charlotte Dennis-Jones discovers, retailers shouldn’t get too excited just yet
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News
Consumer spending growth to slide in 2008
Retail consumer spending growth is likely to drop to 2.6 per cent this year, compared with 3.7 per cent in 2007.
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News
BRC accuses card schemes of secret retailer fee hikes
Allegation comes as abolition of controversial interchange fees appears likely By Charlotte Dennis-Jones
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News
Sainsbury's buys Curley’s in Northern Ireland
Sainsbury’s has bought two supermarkets from independent, Northern Ireland family retail business Curley’s in a multimillion-pound deal.
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News
ScS warns on profits after poor Sales
Furniture retailer ScS Upholstery has delivered another profit warning after a “disappointing” Sale period.
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Opinion
Browett has a long road ahead
Crucial as it is, making the sale is the final point in the retail chain. Knowing what to buy – and buying at the right price – is the starting point.
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News
Co-op’s Marks admits interest in Somerfield
Co-operative Group chief executive Peter Marks said he would consider making a bid for rival chain Somerfield, as Co-op unveiled strong festive food sales.
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News
Bank of England holds interest rate
The Bank of England has held interest rates at 5.5 per cent, dealing a bitter blow to many hard-pressed retailers reeling from poor festive trading.
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News
London shop prices up 2.9 per cent in December
Shop prices in London rose 2.9 per cent in December compared with the same period in 2007, according to figures released by the London Retail Consortium (LRC).