Latest finance news – Page 529
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NewsTesco joint venture builds momentum in China
Tesco has signed a new joint venture to create three more Lifespace malls in China, an initiative welcomed by the City as evidence of building momentum in the country.
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NewsSales slowdown at Primark sparks City retail sector fears
Value fashion powerhouse Primark sounded a warning that shoppers have been reluctant to open their purses since the start of the year, knocking City sentiment towards retailers.
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NewsHMV expected to consider an emergency rights issue
Disposal of Waterstone’s also a possibility following fourth profit warning by parent since last autumn
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NewsKaren Millen targets £500m sales as it splits off from Aurora
Karen Millen is aiming to double sales to £500m in the next five years after parent company Aurora Fashions revealed this week it will be spun off from the rest of the group.
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NewsHMV warns on profits
Entertainment group HMV has issued a profit warning after continued tough trading.
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NewsPrimark reports tougher trading
Value fashion giant Primark has reported a slowdown in demand, signalling how tough high street trading has become since the start of the year.
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NewsIceland to pay £100m dividend
Frozen food specialist Iceland is expected to pay a dividend of £100m this year, its first for three years.
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NewsCity lukewarm on the outlook for retail
As pressure continued to bear down on general retail stocks, Nomura and Espirito Santo issued notes assessing prospects.
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NewsSports Direct sales benefit from troubles at JJB
Sports Direct’s retail sales soared 13.8% during its third quarter as it continued to win market share at JJB Sports’ expense.
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NewsKingfisher and Wickes upbeat but cautious as results impress
Analysts were pleased by upbeat updates from DIY retailers Kingfisher and Wickes but remain cautious on the outlook for the sector.
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NewsNew Dunelm boss maps out plan for expansion
Dunelm’s new chief executive Nick Wharton will focus on store roll-outs and multichannel operations as he seeks to further grow the business.
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NewsWHSmith steady after Swann sell-off
WHSmith chief executive Kate Swann last week sold a tranche of shares in the retailer.
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NewsJJB may abandon ‘Serious about Sport’ tag
JJB Sports may drop its ‘Serious about Sport’ tagline as part of revival plans because of concerns that it is perceived as intimidating.
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NewsWickes gains market share despite flat like-for-likes
DIY chain Wickes like-for-likes remained flat in 2010, rising 0.2%, but current trading has improved.
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NewsAsda claims 'outperformance' as sales and profits rise
Grocery and general merchandise giant Asda has claimed a “return to market outperformance” after sales and profits rose.
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NewsJohn Lewis chief warns against interest rate rises
John Lewis managing director Andy Street has warned that a rise in interest rates would negatively impact consumer confidence.
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NewsPhones 4u sale process resurrected
Mobile phones retailer Phones 4u could be sold within weeks to private equity firm BC Partners after talks have been resurrected to buy the retailer, according to reports.
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NewsCash Converters reports record profits as retail sales soar
Pawnbroker Cash Converters reported record group profits for the 6 months to December 31 as its retail sales soared in the UK.
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NewsShareholders back troubled JJB Sports' £31.5m fundraising
Shareholders in troubled retailer JJB Sports have backed a £31.5m fundraising, taking the store group one step forward towards survival.