Latest finance news – Page 520
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NewsJJB appoints former Safeway director Lawrence Christensen to its board
JJB Sports has appointed former Safeway director Lawrence Christensen CBE as non-executive director.
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NewsBrokers urge caution as retailers beat the market
Store stocks strongly outperformed the All-share index as the latest BRC data showed a sales surge in April, when grocers and some general retailers benefited from sunny weather and bank holidays.
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NewsPotential acquisitions raise share price for WHSmith
Speculation that WHSmith is considering acquisitions prompted a share price rise, after boss Kate Swann toured the City to meet investors following better than expected interim results last month.
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NewsMorrisons' Pennycook gets £1.25m sweetener
Morrisons has gifted finance director Richard Pennycook £1.25m in shares to encourage him to stay at the grocer.
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NewsSupergroup growth slows in fourth quarter with lack of summer stock in stores
Supergroup has reported its growth slowed in its fourth quarter as it opened fewer stores and did not get its summer stock quickly enough into shops for the warm weather.
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NewsClinton Cards like-for-likes slip
Clinton Cards has reported recent trading continued to be challenging resulting in group like-for-likes for the 40 weeks to May 8 down 3%, slightly lower than the 2.7% achieved in its first half.
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NewsDixons UK like-for-likes slide in second half
Dixons has reported UK & Ireland like-for-like sales were down 3% in the full year and down 7% in its second half but said its business is performing ahead of the market.
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NewsTesco appoints Barclays' Sir Richard Broadbent as chairman
Tesco has appointed Barclays deputy chairman Sir Richard Broadbent as chairman as David Reid stands down.
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NewsSainsbury's profits up 9%
Sainsbury’s has reported underlying pre-tax profit up 9% to £665m in its full year, saying it “outperformed the market in a challenging environment”.
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NewsOcado first half EBITDA up as sales growth slows
Online grocer Ocado said it is “encouraged by the progress of the business so far this year” as it revealed that EBITDA is expected to grow 12% in its first half.
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NewsComet like-for-like sales plummet 15.2%
Electricals retailer Comet suffered a 15.2% plunge in like-for-like sales in its final quarter, bringing the full-year fall to 7.7%.
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NewsN Brown full year profits rise 5.5%
N Brown’s full-year pre-tax profit rose by 5.5% and the home shopping retailer said it will open bricks and mortar stores for its Simply Be brand this year.
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NewsHarvey Nichols owner eyes Aurum
Harvey Nichols owner Dickson Poon is eyeing a takeover of jewellery group Aurum, it has been reported.
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NewsHMV nears Canada sale but Waterstone's talks stall
Struggling entertainment retailer HMV is close to selling its Canadian arm but negotiations to sell its book chain Waterstone’s have stalled.
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NewsWickes grows market share as like-for-likes rise 1.9%
Wickes like-for-likes increased 1.9% in the 17 weeks to April 30.
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NewsJJB shareholder takes role on its board
The director of one of JJB’s largest shareholders has been appointed to the sportswear retailer’s board.
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NewsRivals circle Focus stores after its collapse into administration
4,000 jobs in the balance as struggling DIY retailer calls in Ernst & Young after defaulting on loan.
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NewsCity expecting better news from retailers
A downbeat assessment of retail conditions from the CBI on Tuesday unsettled investors but just a day later fashion bellwether Next posted a better than expected first quarter, helped by warm weather.
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NewsFootfall suffers as royal fever grips nation
Shopper numbers slumped on the weekend of William and Kate’s nuptials but food and garden retailers were boosted by wedding fever.
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NewsCalls for new Comet boss Darke to shake things up
Electricals retailer Comet’s new managing director Bob Darke needs to bring a completely fresh approach if he hopes to turn the business around, observers believe.