All Financial results articles – Page 248
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NewsMarks & Spencer’s profit plunge triggers shares slide
General retailers were down over the week as Marks & Spencer posted a profits fall and investors took profits. Marks & Spencer’s lower profits were expected but some analysts were disappointed with what Pali International analyst Nick Bubb called an “underwhelming” accompanying statement.
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NewsTK Maxx first quarter profits rise
TJX Companies, the US parent company behind discount designer TK Maxx in the UK and Europe, has notched up record growth in its first quarter and revealed that profits at the European division have soared.
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NewsBurberry profits fall after tough year for luxury market
Profits at luxury group Burberry fell 12.5 per cent in its full year to March 31.
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NewsPets at Home outlines ambitious growth target after sales jump
Pets at Home is ramping up its expansion plans as it seeks to increase its share of the pet market.
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Signet fortunes turn after US Valentine’s sales boost
Leading jeweller Signet said its US operations, which account for the bulk of its sales, put in an “encouraging” first-quarter performance compared with the previous period.
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NewsWickes reveals like-for-like rise as DIY rallies
Analysts have welcomed signs of a stabilising DIY market after Wickes disclosed an improved sales performance over Easter.
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NewsGreggs upbeat following strong Easter sales
Bakery retailer Greggs announced this morning that group sales in the 19 weeks to May 9 increased by 5.2 per cent, including like-for-like sales growth of 2 per cent.
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Retail sales fall 8.2 per cent
Spanish retail sales fell 8.2 per cent in March. It is the second largest fall on record and the 16th consecutive month of decline as unemployment soared and consumer confidence dropped.
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NewsDSGi secures £311m injection to speed up turnaround plans
DSGi has raised £311m to accelerate its turnaround plans after credit insurance difficulties led to a sharp rise in debt.
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NewsLush launches first of six in-store spas as profits skyrocket 89%
Handmade cosmetics retailer Lush has opened its first in-store spa as it revealed group pre-tax profit soared 89 per cent to £19.4m.
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NewsDownturn not as bad as predicted says Next chief executive Simon Wolfson
Next chief executive Simon Wolfson has said the market is bottoming out but said it is premature to call a recovery and that lower VAT was distorting the real consumer picture.
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NewsVision Express profits up despite downturn
Vision Express has reported an uplift in underlying profits in its full-year results as it eyes acquisition opportunities this year.
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Pre-tax profits at Metro plummet
Pre-tax profits at grocer Metro plummeted almost 50 per cent in its first quarter to e84m (£74.8m). Sales also fell 2.5 per cent to e15.2bn (£13.5bn) in the three months to the end of March.
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NewsNext reports solid first quarter
Next has benefitted from a late Easter and warm weather with a better than expected first quarter.Total retail sales were up 1.1 per cent in the 14 weeks to May 2 with like for likes down 2.3 per cent, well ahead of Next’s estimates of between -6 and -9 per ...
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NewsHMV reports strong growth but books remains weak
HMV UK and Ireland has reported like-for-like growth of 4.3 per cent for the 16 weeks ending April 25 while Waterstone’s like-for-likes slumped 4.5 per cent.
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NewsHome Retail Group posts 24 per cent fall in preliminary profits
Home Retail Group, owner of the Argos and Homebase chains, has warned of continued tough trading conditions ahead after posting a 24 per cent fall in preliminary profits.
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NewsDunelm enjoys sales lift
Dunelm has reported an improving performance with like-for-like sales up 2.3 per cent in the 17 weeks to April 25.
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NewsCarpetright like-for-likes continue to slump as margins slip
Carpetright’s like-for-like sales have continued to tumble but it has successfully renegotiated its banking terms.
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NewsN Brown defies downturn with solid year
N Brown has continued to outperform the market with underlying pre-tax profits soaring 11.3 per cent to £82.7m in its full year to February 28.
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NewsAlexon profits dive as Bay Trading suffers tough competition
Fashion group Alexon has revealed that pre-tax profits before exceptionals plummeted to £3.5m in its full year to January 31, from £16.4m the year before.After exceptionals of pre-tax losses were £27.7m, down from a £12m profit in 2008.Turnover fell 4.5 per cent to £250.3m with like for like sales down ...