Latest finance news – Page 483
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News
Drugstore operator dm shows interest in Schlecker
Drugstore operator dm has shown an interest in insolvent retailer Schlecker.It is likely that dm is interested in Schlecker’s ecommerce operation.At present dm offers its private labels via Amazon, rather than operating its own online operation – a move it doubts would be profitable.
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NewsDebenhams sales rise but margins hit
Department store group Debenhams has posted strong sales growth after making the most of red-letter periods such as Easter and the Queen’s Diamond Jubilee but gross margin was affected by a shift in the sales mix because of wet weather.
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NewsMarks & Spencer investors pressured over executive pay
Marks & Spencer’s investors are being urged to abstain on the retailer’s remuneration report at next month’s AGM.
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NewsOcado posts 12% sales growth
Ocado has posted EBITDA up 4.5% to £14.9m in the first half while statutory pre-tax profit was flat at £181,000.
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NewsCarpetright profits slump as low consumer confidence hits trade
Carpetright’s UK underlying operating profit slumped from £17.8m to £2.8m last year as weak consumer confidence undermined performance.
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NewsLandlords gear up to sue PwC over Game administration
Britain’s largest landlords are gearing up to sue PwC over the administration of Game to recoup unpaid rent.
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NewsJudge blasts HBOS for Farepak collapse
A High Court judge has lambasted bank HBOS for its role in the collapse of Christmas hampers group Farepak in 2006.
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News
Inditex reports net profit increase
Clothing giant Inditex reported a 30% rise in net profit to E432m (£374.7m) for its first quarter, on revenues up 15.4% to E3.4bn (£2.95bn).The retailer posted its highest-ever gross margin, which rose by 140 basis points to 60.2%.During the quarter Inditex opened 91 new stores in 26 countries. The retailer ...
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsWestfield Stratford retailers fear Olympic car park closure impact
Retailers at Westfield Stratford City have vented their frustration about the closure of the car park at the giant shopping centre, which is understood to have resulted in a plunge in footfall.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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NewsWalgreens' share price falls on concern about Alliance Boots deal
Shares in Walgreens have fallen 10% since the merger with Alliance Boots was revealed on Tuesday.
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NewsDixons sets out new strategic priorities as profits rise
Electricals group Dixons is moving into a new strategic phase and has posted full-year profits at the top end of expectations.
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NewsBoots to lead innovation after Walgreens buys in
Boots pledges its Nottingham home will be key hub for research and development following the retailer’s landmark deal with US giant Walgreens.
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NewsMajestic Wine hires new commercial boss
Majestic Wine has appointed a new commercial director as it continues to defy market conditions to record sales increases.
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NewsMothercare's Alan Parker to become Kesa chairman
Mothercare non-executive chairman Alan Parker is to take on the chairmanship at French electricals giant Kesa.
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NewsDFS market share grows despite sales slump
DFS has reported an “improving trend” in its performance and a growth in market share despite a slump in sales against last year.
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NewsPessina: Walgreens deal will not mean job cuts at Alliance Boots
Alliance Boots executive chairman Stefano Pessina has insisted there will not be job cuts as a result of the merger with US pharmaceuticals giant Walgreens.
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.