Latest finance news – Page 416
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NewsCarpetright appoints new boss as management team overhauled
Floorcoverings giant Carpetright has overhauled its management team resulting in a new boss being appointed and the exit of founder Lord Harris and two directors.
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NewsBreakfast briefing: Retail news on M&S, Apple, inflation and food waste
Retail news round-up on May 21, 2014: M&S rules out bonuses; inflation grows faster than expected; Apple’s stores lose appeal; £1bn of food wasted.
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NewsMarks & Spencer abandons plans for London Gateway distribution centre
Marks & Spencer has abandoned plans to open a distribution centre at London Gateway, the super-port on the Thames estuary.
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Infographic: Key figures from Marks & Spencer’s full-year results
As Marks & Spencer posted their full-year results today, we make sense of the results by highlighting some of the key figures.
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NewsTopps Tiles half-year profits soar helped by improving consumer confidence
Topps Tiles pre-tax profit soared from £4.7m to £8m in its half year to March 29 helped by improving consumer confidence.
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NewsShoe Zone to float on Friday as it confirms share price
Footwear retailer Shoe Zone has priced its shares at 160p, valuing the business at £80m, as it plans to list on AIM on Friday.
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NewsMarks & Spencer general merchandise sales hit by web launch as profits dip
Marks & Spencer full-year pre-tax profit dipped 3.9% and it warned general merchandise sales had faltered in its new financial year.
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NewsClarks posts annual pre-tax profits up 5.5% to £119.8m
Clarks has unveiled a pre-tax profits rise of 5.5% to £119.8m for the year to January 2014, driven by strong back-to-school sales in the UK.
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NewsGame insists potential investors will not be spooked by 2012 administration
Game boss Martyn Gibbs has insisted would-be investors won’t be spooked by the retailer’s administration two years ago as it returns to the stock market.
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NewsNick Bubb's verdict: Are the Card Factory and Game IPOs growth stories?
They say that people have short memories but it is only two years ago since the publicly-quoted Clinton Cards and Game Group went bust in ignominious fashion, losing their investors a lot of money.
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NewsJapanese trading house Itochu eyes possible TM Lewin takeover
Japenese trading house Itochu is understood to be in talks to acquire shirt specialist TM Lewin, in a deal likely to fetch between £80m and £100m.
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NewsWalgreens eyes early Alliance Boots merger as it aims to save tax
US drugstore chain Walgreens could buy Alliance Boots earlier than scheduled and move its base to the UK as it aims to save tax.
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NewsB&M Bargains owners in line for £2bn as company prepares to float
The Arora brothers behind B&M bargains are set for a £2bn payout in 18 months, as the value chain prepares to float this week.
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NewsCard Factory executives pocket £54m following stock market float
Three top executives at value greetings card retailer Card Factory pocketed £54m last week after it floated on the stock market.
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NewsDixons enters into exclusive talks to sell ElectroWorld in eastern Europe
Dixons has entered into an agreement to sell its loss-making ElectroWorld operations to NAY a.s., an electricals specialist in Central Europe.
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NewsGame confirms intention to float on London Stock Exchange
Game has confirmed its intention to float on the stock market two years after it collapsed into administration.
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NewsBreakfast briefing: Retail news on Marks & Spencer, footfall and Hotel Chocolat
Retail news round-up on May 19, 2014: M&S set to record 8% dip in annual profits, UK high street footfall in April falls 0.1% despite Easter break, Hotel Chocolat unveils plans to snap up £10m worth of bonds
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NewsCo-operative Group reforms backed unanimously at special general meeting
Proposals to radically reform governance at the under-pressure Co-operative Group were unanimously backed at a special general meeting this afternoon.
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NewsAlliance Boots bids for up-for-sale Co-op Pharmacy chain
Pharmaceutical giant Alliance Boots has emerged as one of a number of bidders battling it out to buy the Co-op’s pharmacy chain.
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NewsB&M Bargains poised to reveal plans for a £2bn IPO
Value retailer B&M Bargains is set to reveal its plans for a £2bn floatation on the stock market next week, according to sources.