Latest finance news – Page 511
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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NewsBlacks chairman bows to pressure and resigns
Blacks Leisure chairman David Bernstein bowed down to pressure from major shareholder Sports Direct and resigned last week.
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NewsBroker pinpoints value in Home Retail
Broker Morgan Stanley has become a buyer of Argos-owner Home Retail for the first time since the business was founded through demerger from GUS in 2006.
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NewsAdministration looms for Lombok
UPDATED: Furniture chain Lombok has filed an intention to appoint an administrator and is danger of going bust in the next few days.
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NewsRobert Dyas boss to ‘get back to basics’
Robert Dyas’s new boss is to focus on supply chain, cost control and leveraging customer loyalty as the owner of the hardware and homewares chain looks for an exit.
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NewsFrench Connection H1 profit in line with expectations
Fashion retailer French Connection said that first half profit will be in line with management expectations.
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NewsDistress specialists exit battle to buy Comet
Distress specialist bidders are understood to have exited the battle to buy struggling electrical firm Comet.
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NewsCredit insurers pay out to Superquinn suppliers
Suppliers to Superquinn who lost out when it was placed in receivership last month are set to be recoup monies from credit insurance policies.
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NewsFlying Brands steadies ship following first-half ‘mistakes’
Home shopping group Flying Brands’ new contract wins have encouraged house broker Singer, despite the retailer plunging into the red after making big business errors in its first half.
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NewsCity forecasts difficult times for Carpetright
The City expects the retail outlook to remain difficult for Carpetright after it reported an improvement in like-for-likes at the expense of margins.
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NewsInvestor confidence in SuperGroup returns
Fashion retailer SuperGroup appears to have won back investor confidence after a series of upsets and after its stock rose more than a third over July.
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NewsWHSmith potential lies in travel arm
Bookseller and stationer WHSmith is undervalued according to broker Panmure, which reiterated its buy stance on the stock.
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NewsCredit insurer cuts Dreams' supplier cover
Suppliers to beds specialist Dreams have had credit insurance withdrawn by Euler Hermes.
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NewsFindel group sales ahead by 1.1%
Home shopping group Findel said group sales are ahead of the prior year by 1.1% in its interim management statement though with some pressure on margins which it said is offset by cost savings.
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NewsTough trading is set to continue, says Spindler
Trading at value department store group Original Factory Shop has improved in the new financial year, but chief executive Angela Spindler said retail conditions remain tough.
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NewsNext reports resilient first half sales
Next has reported soaring Directory sales which offset a dip in retail revenue in its first half.
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NewsMothercare appoints non-exec chairman
Mothercare has appointed Alan Parker CBE as non-executive chairman.
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NewsFood inflation slows in July
Food inflation slowed in July to 5.2% from 5.7% the previous month.
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NewsCarpetright sales improve at the expense of margins
Floorings giant Carpetright’ trading performance has improved, with domestic like-for-likes flat in the first quarter against a 6.3% slump in the fourth quarter of last year.
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NewsWickes gains market share as like-for-likes stall
DIY chain Wickes like-for-likes edged up 0.3% in the six months to June 30.