Latest finance news – Page 515
-
NewsOFT casts eye over Amazon's acquisition of The Book Depository
The Office of Fair Trading (OFT) is considering whether to investigate etail giant Amazon’s acquisition of online bookseller The Book Depository.
-
NewsMothercare under fire over executive pay
Maternity retailer Mothercare has been lambasted by an activist shareholder for the “highly excessive” incentive payments awarded to its senior directors.
-
NewsKnight Vinke: no objection to sale of Comet
Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.
-
NewsSales improve at N Brown
Home shopping group N Brown has reported an improving sales trend but has sacrificed some margin to prompt shoppers to spend.
-
NewsKnight Vinke urges Comet demerger rather than sale
Knight Vinke, the activist investors with a 20% stake in Kesa, has urged the electricals group not to sell UK chain Comet.
-
NewsNext nets £65m as it sells its customer service business Ventura
Fashion chain Next has sold its third party customer service business Ventura to support services company Capita for £65m.
-
NewsTJ Hughes in administration: potential buyers circle
Discount department store group TJ Hughes collapsed into administration this morning, Retail Week has learned.
-
NewsHMV chiefs outline new vision after awful year
HMV chiefs have reaffirmed their faith in the retailer after a terrible year, and set an operating margin target of between 3% and 4%.
-
NewsDebenhams beats high street blues with like-for-likes rise
Department store group Debenhams has confounded harsh high street conditions and expects full year profits to meet expectations.
-
NewsThe Hut drafts in IPO advisers
Online retailer The Hut, which is chaired by former Matalan chief executive Angus Monro and in which Sir Stuart Rose and Sir Terry Leahy are investors, is poised to name advisers ahead of a potential IPO.
-
NewsDFS beats harsh trading conditions to post profits rise
Sofas specialist DFS has bucked the dismal furniture market trend to post a rise in EBITDA and flat sales in its most recent nine months’ trading.
-
NewsThorntons to slash number of company-owned stores
Thorntons plans to close at least 120 stores, and may close a further 60 more, following the completion of its strategic review.
-
NewsCarpetright profits slump in the face of weak consumer demand
Floorings giant Carpetright has suffered a 40% plummet in underlying pre tax profit to £16.9m as weak consumer confidence hit the retailer.
-
NewsJane Norman in administration
Zolfo Cooper has been drafted in as administrator of fashion group Jane Norman.
-
NewsClinton Cards mulls management buyout
Clinton Cards management has approached City banks with a plan to buy the company from the Stock Exchange.
-
NewsIceland's Walker in talks with Goldman Sachs for deal finance
Iceland tycoon Malcom Walker is in talks with Goldman Sachs about backing his efforts to retain control of the frozen foods specialist.
-
NewsOcado posts first interim pre-tax profit and strikes deal with Carrefour
Online grocer Ocado has reported pre-tax profitability in its first-half and struck a deal with French giant Carrefour to distribute selected goods in the UK.
-
NewsHome Retail confirms Habitat deal, but rest of UK business enters administration
Home Retail Group has confirmed that it has bought some parts of Habitat UK for £24.5m, but the rest of the business has entered administration.
-
NewsTesco needs to ‘explain’ UK strategy
Tesco was scheduled to host analysts on a trip to eastern Europe at the time of publication, but broker MF Global warned that the grocer should devote more time to telling the City how it will fix the UK business.
-
NewsHaldanes enters administration
Haldanes has gone into administration with 600 employees being made redundant.