Latest finance news – Page 562
-
NewsSelf-help measures drive Kingfisher quarterly profits rise
Improved gross margin and cost productivity helped DIY giant Kingfisher post a rise in first quarter profits despite a like-for-like sales fall.
-
NewsTesco staff to receive record shares payout
Staff at Tesco will be rewarded today with their share of a £105m bonus pot in the grocery giant’s biggest ever shares scheme.
-
NewsTopps Tiles profit falls in first half
Topps Tiles adjusted profit before tax and discontinued operations fell from £8.7m to £7.8m in the 27 weeks to April 3 as consumer confidence remains subdued.
-
NewsNew Look profits climb 17.7%
New Look has reported strong growth in sales and profits for its full year to March 27 with underlying operating profits for the fashion group ahead 17.7% to £163m.
-
NewsMoss Bros like-for-likes climb 12.6%
Suit specialist Moss Bros like-for-likes climbed 12.6% in the 16 weeks to May 22, while total sales rose 12%.
-
NewsDiscounters fear rise in VAT
Discount retailers have warned that a rise in VAT would smash their margins and result in some products being pulled off the shelves.
-
NewsAurum wants Mappin to be ‘next Tiffany’
Jewellery group Aurum aims to lift sales above £350m this financial year with a plan to turn Mappin & Webb into “the next Tiffany”.
-
NewsRetail prices tumble in climate of unease
General retailers took a bashing as turmoil embroiled the markets generally. Fears about the eurozone crisis and political tension in the Far East undermined the FTSE - every blue-chip stock fell on Tuesday.
-
NewsAnalysts cool on French Connection
The City reacted coolly to French Connection’s interim management statement last week, which showed that the retailer improved margins but that like-for-like sales fell.
-
NewsFlying Brands blossoms with florist acquisition
Home shopping group Flying Brands has beefed up its gifts division with the acquisition of online florist Flowers Direct.
-
NewsBlacks suppliers help fend off Sports Direct
Blacks Leisure suppliers have been building stakes in the outdoor retailer in what has been seen as a defensive move to block any further bid approaches from Sports Direct founder Mike Ashley.
-
NewsKingfisher and Topps Tiles updates won’t lift home sector gloom
Updates from Kingfisher and Topps Tiles next week are expected to paint a subdued picture of the home sector’s performance.
-
NewsTop credit insurer to give retailers notice of future cover reductions
Credit insurance giant Euler Hermes has altered its ratings procedure to give retailers and suppliers the chance to challenge any decisions to reduce cover.
-
NewsThorntons ‘in limbo’ as Davies makes exit
Thorntons faces a period “in limbo” after chief executive Mike Davies stepped down on Tuesday.
-
NewsLess healthy foods face ‘fat VAT’ threat, Justin King warns
Sainsbury’s boss envisages tax change as Government tries to balance the books
-
NewsSales at Signet hit by election uncertainty
Sales in the UK at Jewellery group Signet fell 0.2% on a like-for-like basis in its first quarter to May 1, as the election tool its toll on consumer confidence.
-
NewsJJB Sports posts £68.6m pre-tax loss
Embattled JJB Sports has reported a pre-tax loss of £68.6m in its full year results and sales collapsed 42% as the retailer warned its recovery will be “neither quick nor easy”.
-
NewsBurberry ramps up investment after profits soar
Burberry said it will almost double capital spending to £130m next year with a focus on expanding key product areas including kidswear and moving into emerging markets.
-
NewsChief executive to leave as Thorntons warns on profits
Thorntons chief executive Mike Davies is to quit the confectioner after continued tough trading conditions prompted another profit warning.
-
NewsProfits soar at pawnbroker Albemarle & Bond
Pawnbroker Albemarle & Bond is plotting more stores as cash-strapped consumers helped pre-tax profits soar 75% to £10.8m.