Latest finance news – Page 413
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NewsSainsbury's departing boss Justin King insists he is not leaving on a low
Sainsbury’s departing chief executive Justin King insisted he is not leaving on a low despite the grocer reporting a 1.1% fall in like-for-like sales excluding petrol in its first quarter.
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NewsSainsbury's reports like-for-like sales down 1.1% as King's exit nears
Sainsbury’s has reported like-for-like sales for its first quarter down 1.1% excluding petrol, in what chief executive Justin King said has been the slowest industry growth in a decade.
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NewsNext product guru Christos Angelides to exit the business
Next product guru Christos Angelides is leaving the fashion business in September to join a US retailer.
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NewsCity raises Ted Baker profit forecasts after bumper quarterly performance
Analysts have increased full-year pre-tax profit forecasts for Ted Baker by up to 1.5% after a bumper first quarter performance.
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NewsDFS boss vows to invest heavily in stores as third-quarter EBITDA improves
DFS boss Ian Filby vowed that stores would be “heavily invested in” over the next few years as EBITDA and sales improved in its third quarter.
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NewsTed Baker reports 17.9% uplift in group sales
Ted Baker has reported a 17.9% increase in group sales for the 19-week period to June 7.
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NewsSports Direct unveils plans for new bonus scheme to reward founder Mike Ashley
Sports Direct has scheduled a shareholder meeting to try to win backing for a new bonus scheme to reward founder Mike Ashley.
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NewsBillionaire Christo Wiese sets up shell company to launch UK retail takeovers
South African billionaire Christo Wiese has set up a British shell company as he is poised to launch a series of retail takeovers, it is understood.
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NewsEntertainment specialist Game confirms £340m IPO
Game has set the offer price of its IPO at the low end of expectations at 200p per share, valuing the retailer at £340m.
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NewsBreakfast briefing: Retail news on Sainsbury's, Baugur, Burberry and business rates
Retail news round-up on June 6, 2014: Sainsbury’s bags £700,000 bonus, Baugur boss cleared of fraud, Burberry boss Bailey handed £7.5m in shares and small business could get rates exemption.
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NewsInfographic: The third-quarter figures that led to Asos's profit warning
Asos’s margins were hit by foreign exchange movements and promotions, despite a sales rise in the third quarter.
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NewsGame to push button on IPO tomorrow valuing it between £340m and £360m
Game will formally push the button on an IPO tomorrow that will value the company at between £340m and £360m.
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NewsMorrisons chairman Sir Ian Gibson reveals he is to step down
Morrisons chairman Sir Ian Gibson has revealed he will stand down next year.
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NewsAo.com eyes European domination as EBITDA grows
Ao.com will use its German expansion to move into the Netherlands and Belgium as boss John Roberts claims its international potential was a key selling point to investors during its much talked about IPO.
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NewsAsos warns on profits after promotions and sales mix hit margins
Asos has warned on profits “due to an unusual combination of factors” including promotional activity and a higher mix of European sales.
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NewsFindel eyes Express Gifts expansion as it switches to growth mode
Home shopping specialist Findel is eyeing growth for its Express Gifts business and boss Roger Siddle has declared its turnaround complete.
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NewsTesco's first quarter results: What the analysts say
Tesco’s first quarter results reveal more woes for the UK’s biggest retailer. Retail Week looks at what the analysts say.
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NewsTesco chief Philip Clarke says the grocer is "going at full pelt"
Tesco boss Philip Clarke has said the grocer cannot speed up its turnaround despite the worst quarterly like-for-like sales fall in his 40 year tenure.
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NewsFindel profits surge as it declares turnaround complete
Home shopping specialist Findel’s pre-tax profit before exceptionals jumped from £11.8m to £22m as it declares turnaround complete.
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NewsTesco reports 3.7% like-for-like slump in first quarter
Tesco has reported a 3.7% slump in like-for-like sales excluding petrol in its first quarter, blaming market conditions and a reduction in “indiscriminate” couponing.