Latest finance news – Page 519
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NewsNew Peacocks chair forges ahead with UK and overseas expansion
Former Asda chief executive Allan Leighton, who was confirmed as chairman of value retailer Peacocks this week, will focus on overseas expansion and UK consolidation.
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NewsHome shopping giants join directive fight
Two of the UK’s multichannel heavyweights have spoken out in support of Retail Week’s Ditch the Directive campaign warning provisions within the proposed EU Consumer Rights Directive could be counterproductive.
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NewsGeorge at Asda turns 21 and sparks new plans
George at Asda managing director Andrew Moore has set out three key planks for growth as the brand celebrates its 21st birthday this week.
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NewsSignet UK like-for-likes remain flat
US jeweller Signet UK like-for-likes remained flat in its first quarter but losses have narrowed year-on-year.
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NewsJJB prioritises preserving cash margins as turnaround begins
JJB Sports is to focus on protecting its margins this year as it seeks to stem its losses.
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NewsDixons to drive profit through its Knowhow service division
Electricals group Dixons could add “tens of millions” to profits with a push into services through its Knowhow division, group chief executive John Browett believes.
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NewsJJB Sports chairman warns turnaround will take up to five years as losses triple
JJB Sports chairman Mike McTighe has warned its turnaround will take up to five years as its losses before tax almost tripled to £181.4m in its full year to January 30.
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NewsAmerican Golf like-for-likes rocket as warm weather drives sales
Golf equipment specialist American Golf like-for-likes have soared as the warm weather drives sales.
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NewsHalfords Autocentres report improved sales
Bikes and car parts retailer Halfords has revealed trading in its Autocentres has improved as it takes analysts of a tour of its centres in the Birmingham area.
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NewsHMV sells Waterstone's for £53m
Russian tycoon Alexander Mamut is to buy bookseller Waterstone’s from entertainment group HMV for £53m in cash and has drafted in Daunt Books founder James Daunt to run the business.
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NewsSuperGroup loses lustre despite growing sales
Fashion retailer SuperGroup spooked the market with signs of slowing growth at its retail division, though total sales continued to soar.
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NewsClinton suffers but store revamps encourage City
Clinton Cards’ like-for-likes dropped 3% in the 40 weeks to May 8, slightly worse than the 2.7% drop recorded in its first half.
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NewsSainsbury’s faces margin worries
Following last week’s annual results from Sainsbury’s, broker MF Global said it is concerned that the grocer’s operating margin is benefiting more from lower depreciation, lease and staff costs than productivity on higher sales growth.
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NewsStores in the spotlight as sale talk heightens
Retailers provided some of the biggest talking points of the week as fevered speculation swirled about the future of some of the industry’s biggest names including Comet, HMV and Signet.
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Ocado’s great expectations
Having risen as high as 290p over the last year, online grocer Ocado’s shares have slid down to 200p.
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NewsFounding family trust sells 1.5m Sainsbury's shares
Members of Sainsbury’s founding family yesterday sold 1.5m of their shares in the grocer, netting almost £5.3m.
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NewsMoss Bros like-for-likes up 8.2%
Menswear retailer Moss Bros like-for-likes jumped 8.2% in the 15 weeks to May 14, despite being up against tough comparatives this time last year.
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NewsMothercare to close a quarter of its UK stores as profits slump
Mothercare is to close 110 UK stores and renegotiate rents on a further 40 stores in over the next two years.
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NewsTopps Tiles appoints non exec Michael Jack as chairman
Topps Tiles has appointed former MP and non executive director Michael Jack as chairman.
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NewsAsda posts flat first-quarter
Grocery and general merchandise giant Asda has posted adjusted like-for-like growth of 0.8% in its first quarter.