Latest finance news – Page 513
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NewsCity fears for Blacks as sales plunge further 10%
A second CVA may be looming for struggling outdoor goods retailer Blacks, according to one City analyst who values the retailer at just 1p per share after sales plummeted.
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NewsSubdued trading and inflation hits grocers
The latest grocery industry data from Kantar and Nielsen showed inflation-powered sales growth at the expense of volumes.
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NewsPrimark ‘over worst now’ as cotton price inflation reduces
Primark owner Associated British Foods (ABF) has flagged that the worst of the cost inflation in cotton prices is over for the value fashion retailer.
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NewsSports Direct plans Eurozone expansion
Sports Direct is preparing for further international expansion after profits soared last year.
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NewsBroker highlights impact of online on valuations
Broker Panmure Gordon has reinitiated coverage of a large number of retail stocks at a time of “irreversible structural change” for the industry.
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NewsMothercare UK like-for-likes slip
Mothercare, which last week posted a 4.3% drop in UK like-for-likes in its first quarter, is a sell according to broker FinnCap.
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NewsHalfords like-for-likes slip in a "difficult environment"
Halfords retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsFocus closing down Sale knocks B&Q performance
Sales at DIY giant Kingfisher’s flagship UK division slumped in the second quarter, affected partly by the closing down Sale of rival Focus, but the retailer expects to end the year in “excellent shape”.
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Casino’s board rejects planned merger
Casino’s board has rejected the planned merger of Brazilian hypermarket and supermarket operator Grupo Pão de Açúcar – in which the retailer has about a 40% stake – with French competitor Carrefour.On the back of the news, the Brazilian state development bank said it was pulling its $3bn (£1.9bn) investment ...
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NewsMatalan posts quarterly sales fall
Value fashion group Matalan has posted a quarterly sales decline and warned that trading conditions remain tough, despite an uptick in July.
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NewsRobert Dyas non-exec chairman Geoff Brady joins Albemarle & Bond board
Robert Dyas non-exec chairman Geoff Brady has joined the board of pawnbroker Albemarle & Bond.
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NewsUnited Carpets posts level profits
United Carpets aims to increase its market share in core categories after holding profitability last year.
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NewsDixons boss Browett's bonus cut
Dixons chief executive John Browett’s rewards package shrank last year after the retailer’s profits growth stalled.
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NewsPrivate equity firms bid for American Golf
A number of private equity firms have tabled bids for golf specialists American Golf which is up for sale for £80m.
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NewsDebenhams completes £650m refinancing
Department store group Debenhams has completed its refinancing of the £650m senior credit facility it agreed in July 2010.
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NewsBlacks increases borrowing after sales fall
Outdoor clothing and equipment specialist Blacks Leisure has extended its borrowing facilities and aims to refinance following a sales fall.
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NewsRetailers unprepared for Olympic windfall
Half of UK retailers have admitted they are unprepared for the impact that the Olympic Games will have on their businesses, but a third expect a sales boost from it.
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NewsSoaring profits and sales put SuperGroup back on track
An improvement in recent trading at SuperGroup, owner of the Superdry brand, reassured the City that the business still has legs.
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NewsConfidence high in WHSmith performance
Analysts were pleased by a better than expected third quarter performance from WHSmith, despite a 4% fall in group like-for-likes.
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NewsReturn to sales growth puts Dunelm on course
Value homewares retailer Dunelm expects full year profit to be in line with expectations after revealing like-for-like growth improved in the fourth quarter.