Latest finance news – Page 531
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NewsJohn Lewis pension trust sells Ocado stake
The John Lewis Partnership Pensions Trust has sold its remaining stake in online grocer Ocado.
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NewsFrench Connection steams ahead
Fashion group French Connection expects profits for the year just ended to be at least £6.8m, compared with a restated £1m last year.
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NewsSainsbury’s improved offer impresses analysts
City analysts came away from a company visit last week impressed by the improvements Sainsbury’s is making in non-food.
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NewsHugo Boss sell-off suits new-look Moss Bros
Moss Bros boss Brian Brick has hailed the decision to sell its 15 Hugo Boss franchise stores to Hugo Boss UK for £16.5m as a “transformational” moment for the group.
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NewsSuperGroup vows stellar performance will continue
SuperGroup chief executive Julian Dunkerton has promised continued growth after a stellar third quarter, and said the retailer’s phenomenal share price rise since last year’s IPO reflected that the company is delivering on its promises so far.
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NewsGeneral stores boosted by January sales rise
A January sales fillip, takeover talk and musical chairs in the boardroom helped buoy up general retailers over the week and they outperformed the All-share index.
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NewsGo Outdoors considers float as its plans for growth accelerate
Outdoor specialist Go Outdoors will decide whether to push the button on a float of the business early next year, after having ruled out a sale.
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NewsPeacocks prompts IPO speculation after beginning hunt for chairman
Value fashion group Peacocks intends to appoint a chairman for the first time in five years, prompting speculation that an IPO may be on the cards.
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NewsSuperGroup third quarter sales rocket
Sales at fashion retailer SuperGroup, owner of the ultra-trendy Superdry brand, continued to climb steeply in the third quarter and continued growth is expected.
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NewsRetail administrations drop in final quarter of 2010
The number of retailers falling into administration in the last quarter of 2010 fell 39% year-on-year.
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NewsHMV investor Mamut mulling shake-up of business
HMV shareholder Alexander Mamut, the Russian oligarch who has been building up his stake in the business, has appointed Credit Suisse to advise him on options for the embattled retailer.
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NewsFrench Connection pre-tax profits expected to soar
French Connection’s full year pre-tax profit is expected to soar as a result of a strong performance in wholesale, licensing and a good control of overheads.
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NewsBuyers size up HMV
Entertainment retailer back on private equity’s radar after poor trading raises prospect of a break-up
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NewsAlexon takes a step in right direction
Womenswear group Alexon generated a big like-for-like sales rise over Christmas but brokers were split about the message on profitability.
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NewsNomura kicks off food coverage with Tesco tip
Broker Nomura has begun coverage of food retailers with Tesco as a key stock pick.
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NewsGrocers slow as discounters return to form
The grocery sector slowed last month in the four weeks to January 23, when the hard discounters returned to form in what was a tough consumer climate.
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NewsOcado makes first quarterly profit as it bids to grow range
Online grocer Ocado has promised to focus on value, range and quality after it reported its first pre-tax profit of £300,000 in its fourth quarter.
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NewsTakeover talks reflect tough week for stores
Plunging consumer confidence, signs of slowing trading at bellwether department store group John Lewis and a Carpetright profit warning meant general retailers were left on the shelf by investors.
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NewsCarpetright cautions prices will rise in 2011
Floorings giant Carpetright is to hike up its prices by about 8% this year as it seeks to mitigate soaring costs including freight and petrol.
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NewsJD says chains will stay separate if talks with JJB are successful
JD Sports Fashion executive chairman Peter Cowgill has said that he plans to continue to run JJB Sports as a separate chain if he buys the business, and believes the JD management team can offer expertise to the struggling retailer.