Latest finance news – Page 512
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NewsFlying Brands enters red and renegotiates financing after difficult first half
Flying Brands entered the red and was forced to renegotiate its financing after a difficult first half.
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NewsProfits fall at Original Factory Shop
Value department store group Original Factory Shop has posted a fall in profits after a “challenging year” but is confident of continued long-term growth.
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NewsZara UK full year profits surge
Fast fashion chain Zara’s UK business posted a sharp full-year profits jump as it cut back on spending.
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NewsBanks eye Robert Dyas sale
Hardware chain Robert Dyas is to be put up for sale by the banks which own it.
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NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
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NewsAnalysts pessimistic as sales slip at Halfords
Analysts downgraded their profit forecasts for Halfords after retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
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NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
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NewsTablets drive Carphone sales but Best Buy concerns remain
Tablet computers have become a key driver of Carphone Warehouse’s performance for the first time.
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NewsKingfisher’s sales rise despite slump at B&Q
Kingfisher’s second quarter impressed analysts, despite a slump in UK sales as bust rival Focus launched a closing down Sale.
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NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
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NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
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NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.
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NewsOwn-label stimulates growth at House of Fraser
House of Fraser has reported an 8% rise in sales for its second quarter with a surge in sales of own-label collections fuelling the growth.
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NewsAshley ups stake in Blacks
Speculation is growing that Sports Direct founder Mike Ashley is targetting a takeover of rival Blacks as the sportswear tycoon increases his stake in the struggling outdoor retailer.
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NewsRetail administrations rise 8% in second quarter
The number of retail administrations increased 8% year-on-year in the second quarter.
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NewsJessops posts first-half sales rise
Cameras specialist Jessops has posted an uplift in first-half sales and says it is beating trading targets.
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NewsNegative food volumes worry for Supermarkets
Grocers face negative like-for-like food volumes for the remainder of the year after a torrid first half when the only uptick came in April with the royal wedding and Easter.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.