Latest finance news – Page 532
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NewsRestructing firm buys HPJ Jewellers out of administration
Two newly formed companies backed by restructuring firm Gordon Brothers has bought HPJ Jewellers out of pre-pack administration.
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NewsCarpetright warns on profits as sales plunge
Carpetright has warned on profits as sales plunged in the UK and Ireland.
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NewsOcado records pre-tax profit in Q4 and reduces full year losses
Ocado has made a pre-tax profit in the fourth quarter of £300,000 and reduced pre-tax losses for the year by 52%.
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NewsHamleys up for sale
Frozen food chain Iceland also up for sale as Landsbanki sells off assets as part of winding up process
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NewsDouble-dip fears hit general retail stocks
Retail stocks were hit as the economy went into reverse, renewing fears of a double-dip recession, and Bank of England governor Mervyn King warned of plunging living standards.
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NewsPrimark records a 12% Christmas sales increase
Value fashion giant Primark shrugged off the effect of the snow before Christmas to record a 12% increase in sales, but warned that EBITDA margins will fall during the second half.
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NewsMulberry celebrates rocketing festive sales
Sales at luxury brand and retailer Mulberry soared over the festive period, showing consumer appetite for ‘It Bags’ is yet to be sated.
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NewsWHSmith sales slip over key period but margin improves
Bookseller and stationer WHSmith pleased analysts with improved margin despite a worse-than-expected sales decline during the peak period.
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NewsSnow takes edge off M and M’s Christmas
Sales at home shopping group M and M Direct jumped 15% in the six weeks to January 2, despite the loss of £2.5m of sales due to snow.
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NewsHomestyle profits drop 19% but Reid acquisition boosts turnover
Homestyle, the furniture retailer that operates chains including Harveys and Bensons for Beds, has revealed a 19% fall in profits in the year to June 26, while turnover increased.
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NewsDirectors leave Comet in the wake of dire trading update
Two Comet directors are to exit the business and redundancy consultations have begun with other head office staff as the electricals specialist battles to recover after disastrous Christmas trading.
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NewsBeales narrows losses by a third
Beales, the independent department store chain, has reduced its full year losses for the third year running.
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NewsWH Smith AGM blow
WH Smith suffered a blow at its AGM yesterday when nearly a third of its shareholders who voted refused to back the remuneration report.
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NewsAlexon warns on profits despite sales improvement
Womenswear group Alexon, which includes the Ann Harvey and Kaliko chains, reported group like-for-like sales up by 13.3% in the five weeks to January 22 but issued a second profit warning after gross margins were eroded.
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NewsWH Smith like-for-likes fall 5%
WH Smith group like-for-likes dropped 5% in the 21 weeks to January 22.
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NewsStaffing changes hit Games Workshop
Staff cuts hit first-half sales and profits at wargames specialist Games Workshop and the retailer is now determined to improve customer service.
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NewsFood prices will continue to rise, warn scientists
Food prices will soar 50% over the next 40 years because of supply shortages, according to scientists.
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NewsOcado shares rise amid bid speculation
Online grocery giant Ocado’s shares have been driven higher than ever by a mixture of takeover and stake-building speculation.
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NewsHMV shareholder backs management
One of HMV’s largest shareholders has defended the management of the embattled entertainment retailer after a difficult month of profit warnings and reduction of credit insurance.
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NewsHolland & Barrett like-for-likes up 2.3% in December
Holland & Barrett reported like-for-like sales up 2.3% in December as shoppers sought out health foods over the festive period.