Latest finance news – Page 545
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NewsCarpetright UK & Ireland like-for-likes drop 7.3%
Floorings specialist Carpetright group sales dropped 5.2% in the 12 weeks to October 23, with the retailer saying it expects tough trading conditions to continue into 2011.
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NewsMixed sales performance from Flying Brands
Home shopping group Flying Brands has revealed mixed trading at its main businesses and acquired 50% of online promotions business Dealtastic.
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NewsPark Group expands into eurozone
Christmas hampers and vouchers specialist Park Group is expanding internationally.
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NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
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NewsBlacks’ shares perk up after bid approaches
Outdoor goods specialist Blacks was at the centre of the week’s retail share price action after revealing approaches from potential buyers.
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NewsMothercare shares rise after update
Maternity specialist Mothercare’s shares were up after last week’s second-quarter and first-half update.
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NewsAsos UK growth slows but international sales rocket
Analysts have taken heart from Asos’s strong international performance despite UK growth slowing as the etail fashion giant introduced free returns.
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NewsClinton profits jump despite tough trading
Greetings cards retailer Clinton Cards generated a 3% increase in profits last year but has found trading tough in recent weeks, particularly in Ireland.
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NewsWHSmith travel arm trumps high street for the first time
WHSmith could demerge its travel and high street arms as early as this financial year, some analysts believe.
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NewsStrong US trade drives Clarks’ record first half
Footwear giant Clarks has delivered a record first half under new chief executive Melissa Potter, but has struggled in the UK and remains cautious about future trading.
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NewsTycoon Jagtiani amasses $1bn fund for raid on UK fashion retail
Dubai retail tycoon Micky Jagtiani has amassed a $1bn (£628.2m) fund for acquisitions next year and is again eyeing UK fashion retailers.
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NewsStaples UK cuts costs and returns to profit
Stationer Staples UK has bounced back into the black, posting a pre-tax profit of £6.2m compared with a loss of £8.6m the year before.
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NewsAnalysts warn bids for Blacks will reflect tough trading spell
Bids for outdoor goods specialist Blacks Leisure are unlikely to match the level offered by rival Sports Direct earlier this year, analysts fear.
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NewsSuits You owners start strategic review of business
The owners of SRG, the company behind 66-store menswear chain Suits You, are understood to have begun a strategic review of the business, which could lead to its sale, closure or administration.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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NewsOwn brands boost Debenhams profits
Debenhams grew operating profit 7.1% to £196.1m during the year to August 28, helped by a strong performance from its own brand Designers at Debenhams range - and has announced four new designer collaborations.
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Grocer Stokes goes into administration
Family-owned independent grocer Stokes has gone into administration.
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NewsArgos suffers profits fall
Argos and Homebase owner Home Retail Group has posted a plunge in interim profits.
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NewsSports Direct profits up as bonus scheme pays off
Sports Direct gross profit increased 5.4% to £117m in the 9 weeks to September 26 as its bonus share scheme paid off.
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NewsNo charges to be brought against JJB Sports and Sports Direct, SFO concludes
The Serious Fraud Office (SFO) will confirm imminently that its investigation into Sports Direct and JJB Sports is over and no charges will be brought against the companies, the retailers revealed in regulatory announcements this morning.