Latest finance news – Page 527
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NewsDebenhams on track for profit growth
Department store group Debenhams assured the City that interim profits would meet consensus and be ahead of last year.
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NewsPoor weather conditions hit Flying Brands’ profit
Multichannel retailer Flying Brands reported a fall in full-year group pre-tax profit as poor weather hampered its core gardening and flowers business during crucial trading periods.
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NewsArgos to drive engagement with TV channel
Catalogue store group Argos is to launch a digital TV home shopping channel this summer.
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NewsMorrisons pushes online with stake in US etailer FreshDirect
Morrisons is expecting to circumnavigate the pain of setting up an online food operation with the lessons it will learn from buying a 10% stake in US etailer FreshDirect.
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NewsLighting specialist Ryness deemed ‘attractive asset’ as it goes up for sale
Ryness Lighting & Electrical has been put up for sale by its private equity owner Epic.
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NewsStore revamps at heart of JJB’s recovery plans
JJB Sports chief executive Keith Jones is confident that its new business plan can revive the ailing sportswear retailer, despite like-for-likes slumping 13.5% from January 24 to March 13.
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NewsFrench Connection to up sales densities
French Connection has vowed to drive sales densities in stores after its UK and European retail arm slipped into the red.
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NewsManagement behind deal for Allied Carpets
Allied Carpets operations director Dean Weston is understood to have led Savana Trading’s purchase of the retailer, which was completed on Monday.
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NewsAlworths meeting in bid to secure business’ future
Alworths, the ‘son of Woolworths’ chain launched by a former Woolworths director, was due to meet with financial adviser Leonard Curtis to discuss its future as Retail Week went to press.
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NewsAll Saints ‘on the brink’ of winning new investment
The future of All Saints was in the balance as Retail Week went to press.
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NewsBenetton profits dip
Benetton, the Italian-based fashion label, said profits for the full-year to December 31, 2010 was down on 2009 figures, largely due to rising raw material costs.
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NewsAllied Carpets sold by Hilco
Allied Carpets has been sold by restructuring firm Hilco to a consortium of private investors.
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NewsJJB unveils £65m new business plan
JJB Sports has reported like-for-likes fell 13.5% from January 24 to March 13 as it issues its revised business plan and proposed financial arrangements.
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NewsDebenhams first half profit to be ahead of last year
Department store group Debenhams said it expects pretax profit for its first half to be ahead of last year and in line with management expectations but it remains cautious on the outlook.
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NewsTesco's Mills Group acquisition given green light
The Office of Fair Trading will not refer Tesco’s acquisition of Mills Group to the Competition Commission.
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NewsKesa chief executive is most 'overpaid' FTSE 250 boss
Thierry Falque-Pierrotin, chief executive of Comet owner Kesa, is the most ‘overpaid’ FTSE 250 chief executive a study has found.
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NewsJD Sports Fashion and JJB Sports talks are off
JD Sports Fashion has announced it has no intention to make an offer for JJB Sports, claiming JJB has failed to reveal key information about the business.
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Regional electricals retailer in administration
Norfolk-based electrical retail chain Bennetts has collapsed into administration.
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NewsGame faces tough task of etail growth
Game’s pledge to plough £15m into online and digital gaming was applauded by Espirito Santo but it was concerned that sales growth might not offset the investment.
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NewsDixons Retail expected to stay on top of rival Kesa
Currys and PC World owner Dixons Retail is expected to continue to outperform arch-rival Kesa, owner of Comet, Shore Capital maintains.