Latest finance news – Page 540
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NewsKiddicare considers possible sale
Online nursery retailer Kiddicare has appointed advisory firm Grant Thornton to consult on a possible sale after receiving multiple bid approaches.
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NewsOFT to crack down on misleading pricing
The Office of Fair Trading (OFT) is threatening to crack down on retailers’ pricing practices following a study into misleading pricing.
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NewsKingfisher profits up but B&Q sales down
Kingfisher has reported an 8.2% increase in third quarter profits, but like for like sales were down 4.2% in the UK.
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NewsJJB likely to breach banking covenants
JJB Sports has said it is likely it will breach its banking covenants as trading conditions have remained challenging and like-for-like sales remained below expectations.
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NewsFindel profits up as it seeks to raise £80m through rights issue
Mulitchannel specialists Findel operating profits more than doubled from £0.9m to £1.9m in its home shopping arm in the 26 weeks to October 1.
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NewsTopps Tiles profits and sales up
Topps Tiles pre tax profit grew from £9.9m to £12.4m in the 53 weeks to October 2 as the retailer kept a tight control on costs.
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NewsAll Saints boss Stanford forced to pay out £2.5m
Retail entrepreneur Kevin Stanford has reportedly been forced to pay out £2.5m of his own money after personally guaranteeing a bank loan to his former premium womenswear business Ghost which fell into administration in 2008.
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NewsOffice edges closer to £150m deal with Silverfleet
Retail entrepreneur Sir Tom Hunter has entered exclusive talks with private equity firm Silverfleet Capital to sell footwear retailer Office for about £150m.
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NewsTesco's Brasher dismisses Clubcard concerns
Tesco’s incoming UK chief executive Richard Brasher has dismissed suggestions that its ramped-up loyalty programme is inflating UK sales.
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NewsRetail bears up as FTSE slides on Irish bailout
Stores of all types were down over the week but a little less than the market as a whole, which took fright at the emergency bailout of Ireland.
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NewsBroker sees big potential in WHSmith
Bookseller and stationer WHSmith is undervalued and deserves to be classed alongside retailers such as Next, SuperGroup and Dunelm Mill, broker Oriel believes.
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NewsTakeover gossip prompts Kesa share price to climb
Electricals group Kesa was once again at the centre of takeover speculation, prompting its share price to reach a two-year high of 166p on Monday.
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NewsLondon store disposal is ‘good deal for HMV’
Analysts welcomed last week’s disposal by entertainment retailer HMV of one of its Oxford Street stores for £13.7m.
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NewsHalfords puts acquisitions on hold to make core business top priority
Halfords has put potential acquisitions on the back burner as it focuses on the core business.
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NewsEtailers primed for Mega Monday sales
Etailers are gearing up for Mega Monday, the busiest online shopping day of the year. Trade body IMRG expects year-on-year sales to increase 16% that day.
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NewsLondon retailers’ fears over Boxing Day Tube strikes
Potential Tube strikes in the run-up to Christmas and on Boxing Day could hit retailers’ sales in the key festive trading period.
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NewsAlexon Group like-for-likes edge up 0.4%
Womenswear group Alexon, which includes the Ann Harvey and Kaliko chains, experienced a marginal group like-for-like sales rise for the period from August 1 to November 23, and remains cautious on the outlook.
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NewsDixons cuts interim losses and overhauls service offer
Electricals market leader Dixons Retail has posted interim results in line with expectations but cautioned that consumer confidence remains fragile.
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NewsSignet post strong Q3 performance despite dip in UK sales
Retail jewellery giants Signet reported like-for-likes up 7.2% across the Group despite a slight dip in UK sales in its third quarter results.
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NewsClinton Cards "well prepared" for Christmas despite sales fall
Greetings cards retailer Clinton Cards group like-for-likes fell 3% in the 16 weeks to November 21.