Latest finance news – Page 526
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News99p Stores mulls sale as advisors appointed
Discount retailer 99p Stores has appointed advisors to work on a strategic review of the business that could lead to a sale.
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NewsHMV confirms it is mulling sale of Waterstone's and Canada business
HMV has confirmed it is mulling the sale of Waterstone’s as well as its Canadian business as part of its turnaround strategy.
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NewsCity awaits ‘key update’ from Asos
Etailer Asos’s next update, covering the fourth quarter and expected to be issued in mid-April, will be eagerly devoured by investors.
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NewsFormer Tesco director joins Ocado to head non-food
Ocado has poached a Tesco director to lead its new general merchandise team as it drives to diversify its offer.
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NewsHigher income shoppers will keep spending
Marks & Spencer, Kingfisher and Dixons will benefit this year from their older, higher income customer bases, according to broker Espirito Santo.
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NewsStore share prices hold up as updates begin
Food giant Sainsbury’s was among a raft of big names to report over the week, when general retailers held their own against the market.
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NewsJJB granted second shot at survival after CVA agreed
JJB Sports has been given the green light for a company voluntary arrangement (CVA) by creditors and shareholders in order to stave off administration.
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NewsSainsbury’s King warns slump in consumer confidence will persist
Sainsbury’s chief executive Justin King has signalled that consumer sentiment has collapsed since the beginning of the year and shows no signs of improvement.
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NewsBank lines up cash injection for All Saints
Icelandic bank Kaupthing was on standby to provide emergency funding to fashion group All Saints as Retail Week went to press.
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NewsTed Baker pre-tax profits up 24.2%
Ted Baker pre-tax profit rose 24.2% to £24.2m in its full-year results but the quirky fashion retailer warned that the outlook for 2011 is uncertain.
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NewsKingfisher profits up 23%
DIY giant Kingfisher has reported full-year pre-tax profits up 23% to £670m and said it will ramp up expansion and continue to focus on value for shareholders through the priorities of management, capital and returns.
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NewsNext posts profit rise and warns that retail landscape has been transformed
Fashion giant Next has reported record profits but warned that the retail landscape has fundamentally changed.
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NewsInditex EBITDA soars 25% in 2010
Fashion group Inditex’s EBITDA soared 25% in its 2010 financial year.
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NewsSainsbury's Q4 like-for-likes up 1%
Sainsbury’s fourth quarter like-for-like sales grew 1% excluding fuel in the 10 weeks to March 19.
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Regional electricals chain bought out of administration
Norfolk-based electrical retail chain Bennetts has been bought by Lowestoft-based Hughes Electrical after it collapsed into administration earlier this month.
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NewsHenleys retail arm in administration
Young fashion brand Henleys has shut its 18 stores blaming poor trading and difficult leases for its demise. Its wholesale business is unaffected.
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NewsHMV shares rise as boss Simon Fox remains upbeat
HMV shares surged yesterday after chief executive Simon Fox remained upbeat on the entertainment retailer’s future.
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NewsJD Sports Fashion rescues Fenchurch from administration
JD Sports Fashion has rescued streetwear brand Fenchurch from administration, but all of its staff have been made redundant.
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NewsPhones4U sold to private equity firm BC Partners
Private equity house BC Partners has bought mobiles specialist Phones4U for an undisclosed sum from Providence Equity.
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NewsMarkets are shaken by Japanese disaster
The earthquake in Japan shook the stock markets worldwide as investors assessed what the costs, commercial as well as human, might be.