Latest finance news – Page 506
-
NewsSainsbury's warns "very competitive" market here to stay
Sainsbury’s like-for-like sales rose 1.9%, excluding fuel, in the 16 weeks to October 1 as total sales advanced 4.4%.
-
NewsWarehouse woes to hit SuperGroup profits
SuperGroup, owner of the Superdry brand, has warned that full-year profits will be hit by as much as £9m after warehouse problems.
-
NewsDunelm like-for-likes drop 2% in first quarter
Value homewares retailer Dunelm like-for-likes declined 2% in the 13 weeks to October 1.
-
NewsTesco reports "subdued" UK growth
Tesco has reported a 6.2% rise in underlying pre-tax profit to £1.9bn for the 26 weeks to August 27 with strong growth overseas helping it prop up the “subdued” UK market.
-
NewsTesco expected to post sales fall
Top grocer Tesco is expected to provide evidence of how tough retail trading conditions are when it issues first-half figures on Wednesday.
-
NewsMorrisons eyes Garden Centre Group
Supermarket Morrisons is considering bidding for garden centre specialists Garden Centre Group, formerly known as Wyevale.
-
NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
-
NewsInflationary pressures hit The Range
Homewares retailer The Range chief executive Chris Dawson has cited “massive inflation” as being a key contributor to stagnant profits at the company last year as the high costs of fuel and other capital expenses frustrated growth.
-
NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
-
NewsSales climb at Theo Fennell
Jeweller Theo Fennell has posted a 9% sales rise for a six-month period but remains cautious ahead of the peak trading period.
-
NewsAlexon bought by Sun European in prepack deal
Alexon has been bought by private equity firm Sun European Partners as part of a prepack deal after the business fell into administration today.
-
NewsGame resists City calls to close more stores
Game has insisted it needs a large bricks-and-mortar presence despite analysts calling for more store closures to cut costs as the retailer posted widening first-half losses.
-
NewsClintons delays results announcement
Troubled greetings cards retailer Clintons has delayed the reporting of its prelims by two weeks.
-
NewsAlexon suspends shares as administration looms
Troubled womenswear group Alexon has suspended its shares on the Stock Exchange “pending clarification of the company’s financial position”.
-
NewsSun European and Debenhams in the race to buy Alexon
Private equity firm Sun European Partners is thought to be the front runner to acquire troubled womenswear group Alexon.
-
NewsTopps Tiles expects pre-tax profit to hit consensus of £13.4m
Topps Tiles expects to report adjusted pre-tax profit for the year to October 1 within analysts’ estimates with a consensus of £13.4m.
-
NewsMoss Bros returns to profit
Moss Bros has returned to profit in its interim results, posting a pre-tax profit of £2.2m in the six months to July 30.
-
NewsGame losses widen in first half
Game made a loss before non-recurring costs and tax of £48.5m in the six months to July 31, compared with a £18.8m loss in the same period last year.
-
NewsHilco boss rakes in £4.5m in 2010
Hilco UK boss Paul McGowan took home a £4.5m bonus last year as the restructuring firm benefitted from snapping up ailing retailers.
-
NewsFlying Brands warns it could breach banking covenants
Flying Brands this morning warned that trading had been below management expectations, and that it will breach its banking covenants next month unless it takes further action.