All City & finance articles – Page 599
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News
Thorntons celebrates stellar first quarter
Thorntons has reported strong trading in its first-quarter update.
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News
Carphone Warehouse UK marketing director leaves
Carphone Warehouse’s UK marketing director Dominic Rowell has left the retailer.
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News
EBTM widens losses after year of growth
Music-inspired fashion e-tailer EBTM (Everything But The Music) has increased its turnover to 1.4 million after a year on the acquisition trail, but still made a loss overall.
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News
Sainsbury's sales climb
Sainsbury’s revealed second-quarter sales rose 4.7 per cent (excluding fuel), in line with company expectations.
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News
Retailers fear Budget means £100m tax hit
Proposals to allow shire counties and the Greater London Authority to tax businesses to fund local projects will cost retailers 100 million.
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News
Pension row threatens Sainsbury's deal
The 10.6 billion takeover of Sainsbury’s by Delta Two will not be backed by founding family shareholders unless the Qatari investment fund agrees to inject 2 billion into the deficit-hit pension fund.
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News
Clinton Cards prelims impress
Clinton Cards has posted preliminary results ahead of City expectations.
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News
Strong first half for N Brown
Home shopping group N Brown has delivered strong first-half results, with like-for-like sales up 10.6 per cent.
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News
Retail sales up 3 per cent
UK retail sales rose 3 per cent on a like-for-like basis last month, compared with September 2006 when sales were up 2.4 per cent, according to the British Retail Consortium (BRC).
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News
Lord Harris on brink of making Carpetright bid as sales soar
Lord Harris, chairman and chief executive of Carpetright, is poised to make a cash offer for the retailer after receiving the go-ahead to make a bid from the carpet retailer’s board.
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Opinion
Will Sainsbury's recovery be sustained under Delta Two?
Sainsbury’s will post its second-quarter results on Wednesday, providing another key reading of the UK retail barometer ahead of the critical Christmas trading period.
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News
Cold weather drives sales at John Lewis
Strong clothing sales following the start of the colder, autumnal weather helped drive sales at John Lewis in the week to September 29.
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News
Asos sales soar again
Fashion e-tailer Asos is likely to make profits of 8 million by March 2009 as sales rocket, Lisa Berwin writes.
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News
Sector sees long-awaited surge as Leahy soothes nervous City
The sector entered its golden quarter on a high as, at last, the retail sector shot up. Ironically, bullish comments from Tesco boss Sir Terry Leahy – typically more likely to drive other retailers’ share prices down – prompted a shift in sentiment.
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News
Findel drops demerger plans as group sales jump by 32%
Findel has decided not to proceed with a demerger of its home shopping and educational supplies division, despite City enthusiasm for the idea.
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News
Deutsche cuts target price for Sainsbury’s
A top City bank has downgraded its Sainsbury’s share price target ahead of the grocer’s second-quarter update next week.
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Opinion
JJB could have a sporting chance
Sales down, profits more than halved –there seemed little to cheer in JJB Sports’ interims last week. But the retailer’s share price ticked up as analysts responded enthusiastically to the update.
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Opinion
Autumn is here
The leaves are beginning to turn and with them the fortunes of fashion retailers.
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News
Bank of England dashes hopes of rate cut
The Bank of England has maintained the interest rate at its six-year high of 5.75 per cent, putting paid to retailers’ hopes of a decrease.
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OpinionRetail credit is still solid as a rock
Despite the Northern Rock crisis, consumers must believe they can trust buy now, pay later