Latest finance news – Page 546
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NewsLacklustre sales fail to dent general stores
General stores rose over the week versus the All-share index, even edging up on Tuesday when the latest BRC sales data showed a lacklustre performance.
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NewsKesa’s French powers of recovery
Electricals group Kesa showed off its French business Darty to analysts last week to demonstrate some of the growth avenues open there.
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NewsTed Baker profits boosted as customers smarten up
Strong sales of formalwear at Ted Baker helped to drive a 25% increase in first-half profits as customers looked for smarter product during the downturn.
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NewsM&S urges caution despite increase in sales
Marks & Spencer beat second-quarter sales expectations but chief executive Marc Bolland remained cautious about prospects. Despite Bolland’s wariness, and a rise in costs such as marketing, analysts upgraded their forecasts ahead of a strategic update next month.
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NewsN Brown on the acquisition trail after strong start to year
Home Shopping group N Brown is eyeing further acquisitions to drive growth as it revealed a strong first half.
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NewsJeweller F Hinds sees profits sparkle
F Hinds, the family-run jewellery retailer, has seen profits for the year more than treble to £3.2m, up from £990,048 in 2009.
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NewsLandlords join retailers in business rates battle
Retail landlords have lent their voice to the campaign against next year’s rise in business rates, warning that a disproportionate increase will endanger the economic recovery.
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NewsHomeform chief sets out his three-year plan
Kitchens, bedrooms and bathrooms specialist Homeform’s new chief executive has laid out a three-year plan to increase profits and enable an exit for owner Sun European Partners.
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NewsHalfords set to cut space as web sales accelerate
Retailer to cut space by at least 15% as online allows it to downsize its portfolio.
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NewsProfits up, sales down at WH Smith
WH Smith has announced a 9% increase in full-year profits this morning.
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NewsMothercare overseas sales overtakes UK sales
Mothercare has said overseas sales have overtaken UK sales for the first time in its first half.
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NewsKesa shares soar on Best Buy bid speculation
Speculation that a takeover of Anglo-French electrical group Kesa may be on the cards has prompted the retailer’s share price to soar.
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NewsN Brown first half profits up 5.5%
Home shopping retailer N Brown has revealed that its adjusted pre tax profit grew 5.5% to £44.1m in the six months to August 28.
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NewsRetail administrations slow
The rate of businesses going into administration has slowed to levels not seen since before the economic downturn, with the retail sector showing the “most pronounced drop”.
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NewsWickes like-for-likes rise 0.6% in third quarter
DIY chain Wickes like-for-likes grew 0.6% in the 13 weeks to October 2.
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsMothercare expecting better results
Maternity and baby retailer Mothercare is expected to show improved trading next week when it updates the market on its second quarter.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.