Latest finance news – Page 530
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NewsFormer Principles boss Peter Davies rescues Ollie & Nic from administration
Vintage accessories brand Ollie & Nic has been rescued by Principles founder Peter Davies after it went into administration.
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NewsWHSmith chief Kate Swann sells 27% of her shares
WHSmith chief executive Kate Swann has sold a substantial proportion of her shares in the bookseller and stationer.
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NewsJJB troubles highlight sector-wide problems
General stores once again lagged the All-Share index as the sector’s problems were put centre stage by JJB’s plans for a second CVA.
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NewsFindel to restructure in bid to lift performance
Home shopping group Findel aims to raise £80.5m via a rights issue and share placing as it plans to restructure its balance sheet and bids to improve performance.
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NewsClarke needs to convince UK still offers growth for Tesco
New Tesco chief executive Phil Clarke needs to do more to reassure the market about its performance and growth prospects in the UK, while also convince it of the virtues of its international operations, broker Barclays Capital said this week.
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NewsOcado slips as John Lewis sells stake
Online grocer Ocado’s share slipped after John Lewis’s pension trust sold its remaining 10% stake in the etailer for £152m.
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NewsBlacks forecasts slashed as Gillis announces departure
Broker FinnCap has cut its forecasts for outdoor specialist Blacks Leisure, which last week revealed chief executive Neil Gillis is leaving.
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NewsShare price soars at French Connection after stakebuilding
Fashion group French Connection’s shares rose sharply this week following stakebuilding by Standard Life.
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NewsBlockbuster UK boss says business isn’t under threat
Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.
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NewsCVA talks with landlords ‘constructive’, says JJB
JJB Sports chief executive Keith Jones said he has been encouraged by landlords’ responses so far as crunch talks about the retailer’s potential CVA continue.
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NewsNew Dunelm chief plans multichannel push as profits rise
Value homewares group Dunelm’s new chief executive, Nick Wharton, who formally takes up the role today, is confident of continued growth despite tough trading conditions and highlighted multichannel opportunities.
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NewsSports Direct retail sales up 13.8%
Sports Direct has reported retail sales up 13.8% to £371m in the 13 weeks to January 23.
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NewsKingfisher expects profit to be at top end of expectations, despite B&Q hit by snow
DIY group Kingfisher expects to report full year pre-tax profit at the top end of analyst expectations, despite B&Q being hit by the snowy weather in December.
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NewsSainsbury's chief executive King sells tranche of shares
Sainsbury’s chief executive Justin King yesterday sold 50,000 of his shares in the grocer, the latest disposal by a director in the past month.
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NewsH&M like-for-likes edge up in January
Fashion giant H&M’s group like-for-like sales crept up 1% year-on-year in January.
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NewsGame to invest £15m in its three year multi-channel strategy
Game is to invest £15m in its three year multi-channel strategy and has secured refinancing from its banks for the period until 2014.
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NewsThorntons to reshape store portfolio after profits fall
Thorntons, the chocolates specialist, is likely to reshape its store portfolio after difficult trading and warned that profits this year will be no higher than last.
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NewsAlbemarle & Bond retail sales plunge as gold prices soar
Albemarle & Bond retail like-for-likes fell 20% in the half year to December 31 as the high gold price hindered jewellery sales.
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NewsNew Look's valuation halved by private equity owner
The valuation of fast fashion group New Look has been halved by private equity backers.
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NewsFindel unveils £80.5m fundraising
Home shopping group Findel has unveiled an £80.5m fundraising as it restructures its balance sheet and bids to improve performance.