Latest finance news – Page 556
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News
Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsPaperchase set to grow following £30m buyout
Upmarket stationery and greetings cards retailer Paperchase is to ramp up its expansion plans under its new owners, Primary Capital.
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NewsLa Senza seeks new chairman as sales and profits improve
Lingerie retailer La Senza is back in the black and searching for a new chairman to help its future growth after sales and profits took an upward swing
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News
Jigsaw’s parent reports near doubling of losses
Losses at Robinson Webster Holdings, the parent company of womenswear retailers Jigsaw and Kew, almost doubled last year as a result of a currency fluctuations, deeper discounting and disposal of excess stock during the recession.
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NewsTM Lewin ups profit as it tests click-and-collect
Shirtmaker TM Lewin has embarked on a click-and-collect trial, as it reports that operating profit grew 7% to £9m in the year to February 28.
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NewsAll resolutions passed at Burberry AGM
Burberry shareholders voted in favour of all resolutions proposed at the luxury retailer and brand’s annual general meeting today, including directors’ remuneration.
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NewsH&M sales up 20% in June
Sales for Swedish fashion giant H&M have continued to rise, soaring 20% in June compared to the same month last year.
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NewsSuperGroup posts £22.5m in pre-tax profit
SuperGroup, the young fashion business which owns brands Superdry and chain Cult, has posted £22.5m in profit before tax in its first set of annual results since it joined the stock exchange.
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NewsMothercare suffers UK sales fall and buys Blooming Marvellous brand
Maternity specialist Mothercare has posted a fall in UK sales and has bought the trademark and brand of privately owned rival Blooming Marvellous.
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NewsShareholders pass all resolutions at Marks & Spencer AGM
All resolutions, including the controversial remuneration report, have been passed by the shareholders in the room at another high spirited M&S AGM.
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NewsTopps Tiles Q3 sales improve
Topps Tiles like-for-like sales decline has softened to -1.2% in the 13 weeks to July 3.
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NewsAsos sales up 54%
Sales for online fashion retailer Asos grew 54% to £61.7m in its first quarter to June 30, with sales from its international business continuing to grow at over 100%.
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.
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NewsRetail administrations down 57% in first half of 2010
The number of retail company administrations fell by 57% in the first six months of this year compared to the same period in 2009.
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NewsRetailers prepare for AGM pay rebellions
Leading retailers are preparing for a showdown with shareholders this week as director pay becomes the focus of investor anger.
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NewsOcado critic Philip Dorgan loses job
The analyst who was one of the most outspoken critics of Ocado’s IPO plans has lost his job.
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NewsShares sale by Sainsbury’s chief dampens bid speculation
Speculation that Qataris investors are mulling a bid for supermarket group Sainsbury’s has been undermined by a share sale by chief executive Justin King.
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NewsCity perks up as general retailers bounce back
There was plenty to interest stock market store-watchers as general retailers staged a bounce-back over the week, Ocado generated excitement and controversy with its IPO plans and takeover talk swirled around Sainsbury’s.
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NewsCity split on Ocado IPO as Amazon launches online grocery offer
Competition from Waitrose and Amazon adds to questions over Ocado’s valuation and profitability
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NewsM&S basket value up 2%, but Marc Bolland remains wary
Marks & Spencer has managed to lift its average general merchandise basket value 2% in the first quarter, but new boss Marc Bolland is cautious about prospects.