Latest finance news – Page 522
-
NewsTesco to rein in category growth with home focus
Tesco group chief executive Phil Clarke has signalled that the retailer’s non-food, non-fashion offer will focus on product for the home and garden rather than further experimentation with items such as gold and cars.
-
NewsStaff cuts planned despite rise in retail employment
Retail employment edged up 0.5% in the first quarter of 2011 - the equivalent of 3,400 more full-time jobs - but almost one third of retailers expect to cut staffing levels in the current quarter.
-
NewsArgos pushes new products in a bid to combat tough trading
Multichannel general merchandise giant Argos is to move into new product categories as it chases growth in tough trading conditions, which led to a plunge in profits.
-
NewsSports Direct stock rises despite tough trading
City confidence that Sports Direct will achieving its £215m EBITDA target in 2012 rose following a 7.3% jump in gross profits despite tough trading conditions.
-
NewsTesco’s candour impresses City
The City was impressed with Tesco chief executive Phil Clarke last week when he delivered his first full-year results, although sales slipped slightly by 1.28% on the day.
-
News
Ideal snapped up as TV shopping catches on
Home shopping group Ideal Shopping Direct is to be sold to private equity firm Inflexion as interest in TV shopping channels increases.
-
NewsWaterstone's: no deal this week, no year-end deadline
Any deal to sell Waterstones to Russian billionaire Alexander Mamut is unlikely this week, and could be several weeks off, according to sources familiar with the situation.
-
NewsFarmfoods profits soar 30%
Frozen food specialists Farmfoods profits rose 30% in 2010. The retailer’s pre-tax profit for the year ending December 31 2010 leaped to £17m from £13.1m in 2009.
-
NewsAmazon sales rise but earnings fall following investment in business
Online giant Amazon has reported a 31% increase in first quarter sales to $4.39bn at its international division, which includes the UK.
-
NewsSecond profit warning in a month from Carpetright
Carpetright has issued its second profit warning of the month and third of the year, after sales fell further in the 11 weeks to April 16
-
NewsPrimark's growth slows in first half
Primark’s profits grew 5% in the first half, and the company said trading in the UK had shown signs of improvement after a disappointing start to 2011.
-
NewsSavers narrows full-year losses
Value health and beauty retailer Savers has reported an operating loss before exceptionals, interest and tax of £7.8m in the year to December 25 but said the loss was expected as part of its turnaround plan.
-
NewsJoules to record profits leap and denies sale of stake
Lifestyle brand and retailer Joules has delivered a 27% like-for-like sales increase in year to April, according to founder Tom Joule.
-
NewsSports Direct to extend share bonus scheme after profits rise
Sports giant Sports Direct is to extend its bonus share scheme after partially attributing a sales and earnings rise to its success.
-
NewsClarke: I’ll turn around Tesco in the UK
New Tesco chief executive signals fresh approach and pledges to ‘do things differently’ to predecessor.
-
NewsBoris vows to protect retailers from more West End protests
Meeting aims to stop future demonstrations damaging trade for retailers in London’s West End.
-
NewsDebenhams to trial 'online shops' in store
Debenhams is to pilot ‘online shops’ within its mid-sized department stores in a bid to grow its market share in today’s stagnant market.
-
NewsNew TJ Hughes owners to address sourcing after rescue refinancing
The new chairman of TJ Hughes has refinanced the discount department store business and set out to address its sourcing strategy after soaring costs and slumping margins drove the business to the brink.
-
NewsNo downturn for Burberry as sales soar in final quarter
Luxury British retailer and brand Burberry expects earnings to come in at the top end of expectations after a strong final quarter.
-
NewsDixons Retail to bow out of loss-making Spain
Electricals group Dixons Retail is to say adiós to Spain and shut its loss-making business there as part of its strategy to concentrate on “winning markets and formats”.