All City & finance articles – Page 595
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News
Pressure on King after Qatar bid collapses
Sainsbury’s chief executive Justin King will have to raise employee morale if the grocer is to continue its strong sales momentum of the past three years, following the collapse of Delta Two’s bid for the grocer this week.
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Analysis
Next: interim management statement
October’s tough trading conditions flattened Next’s sales, which struggled into positive territory by just 0.4 per cent in the 14 weeks to November 3.
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Analysis
Sainsbury’s takes tumble while general retailers come out top
Sainsbury’s takes tumble while general retailers come out top
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Opinion
King faces his toughest times
When Arabian royals come knocking to buy your company, doubts about them having deep enough pockets are probably the last thing that will enter your mind.
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News
Bank of England holds interest rate
The Bank of England has kept the interest rate unchanged at 5.75 per cent for the fourth month in a row.
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News
M.Video float will give clear picture of Russia
M.Video has become the first electricals retailer to float on the Russian stock exchange and rivals are expected to follow.
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News
Sports Direct offloads Amer stake
Sports Direct, the sportswear group run by controversial entrepreneur Mike Ashley, has sold its stake in Finnish sports equipment manufacturer Amer Sports for about 116 million.
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News
Carphone profits soar ahead of iPhone launch
Carphone Warehouse reported a hike in pre-tax profits to 56 million, up from 14 million, as it prepares for the onslaught of the launch of the iPhone tomorrow.
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News
Shareholders back Coles takeover
Shareholders at Australian retail giant Coles Group have voted in favour of a US$16.6 billion ( 7.89 billion) takeover by rival Wesfarmers. More than 99 per cent voted in favour.
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News
Alexon to return cash to shareholders
Fashion group Alexon is to return cash to shareholders and revealed that trading has not improved since its interim results in September.
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News
Urban Outfitters sales soar
US fashion retail group Urban Outfitters posted record sales for its third quarter.
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News
Next delivers flat sales
Sales at fashion group Next were level in the 14 weeks to November 3, up just 0.4 per cent against the same period last year.
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News
PPR sales soar in third quarter
Luxury goods conglomerate PPR revealed third-quarter sales growth rocketed 22 per cent, driven by sales at its newly acquired Puma sportswear business, as well as demand for Yves Saint Laurent dresses and Bottega Veneta handbags.
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News
Marks & Spencer weathers first half
Marks & Spencer has reported an increase in pre-tax profit of 11.5 per cent for its first half, the 26 weeks to September 29 and revealed further details of its international expansion plans.
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News
Delta Two abandons Sainsbury's bid
Qatari investment vehicle Delta Two has abandoned its bid to acquire Sainsbury’s, leading to a sharp fall in the grocer’s share price in early trading this morning.
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News
Grocery inquiry keeps City busy as Sainsbury’s takeover teeters
Food groups and general retailers were at the heart of City action during a week driven by the Competition Commission’s early findings on the grocery market, takeover tensions and bid speculation.
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News
Hunter’s USC posts operating loss of £8.8 million
USC, the fashion chain owned by Sir Tom Hunter, made an operating loss of 8.8 million last year.
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News
Flat half-term sales at John Lewis
Sales at John Lewis were flat in the week to November 2, rising just a fraction by 0.3 per cent to 57.7 million.
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Analysis
Crunch time at Christmas
The golden quarter for retailers has now begun, but consumer confidence has rarely been so difficult to gauge.
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News
Next: signs of improvement close
An end to declining like-for-likes is in sight at fashion group Next, broker JP Morgan believes.