Latest finance news – Page 567
-
NewsAsda guns for share with price guarantee
Asda this week fired the latest salvo in the supermarket price war with the launch of a price guarantee as it tries to stem its market share decline.
-
NewsSummer Sales brought forward due to Ramadan
Upmarket department stores are set to move their summer Sales forward in a bid to move to full-price autumn merchandise ahead of the lucrative pre-Ramadan shopping period.
-
NewsWHSmith shines despite ash cloud dampening sentiment
WHSmith’s group pre-tax profit edged up 2% to £62m in its first half but despite beating analyst expectations, upgrades were dampened by the retailer’s airport stores being closed during the volcanic ash crisis.
-
NewsDunelm slowdown ‘in line with expectation’
Value homewares retailer Dunelm’s slowdown in like-for-like growth met analysts’ expectations as it came up against tough comparables and suffered from a weaker sales period after Easter.
-
NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
-
NewsPositive sales for PPR in first quarter
French retail group PPR reported a positive first quarter with sales up 1.3% on a like-for-like basis to €4.1bn (£3.56bn) in the first quarter of the year.
-
NewsHMV Group Q4 like-for-likes slump 13.2%
HMV Group has reported difficult fourth quarter with like-for-likes slumping 13.2% but said its full year pre-tax profits will meet City expectations.
-
NewsHome Retail pre-tax profits slip 11%
Home Retail Group – owner of Argos and Homebase – has reported pre-tax profit down 11% to £293m and announced a share buy-back of £150m.
-
NewsCarpetright sales below expectations as it warns of tough year ahead
Carpetright like-for-likes in the UK & Ireland rose 1.5% in the 12 weeks to April 24, which was below internal expectations.
-
NewsN Brown to enter the US after a record year
N Brown has confirmed plans to enter the US later this year as total sales for the home shopping group grew 4.2% to £690m in the year to February 27.
-
NewsDunelm like-for-likes up 10%
Dunelm has reported like-for-like sales up 10% in the 42 weeks to April 24, boosted by a positive response to its new shop fit.
-
NewsCarphone Warehouse bullish ahead of Best Buy opening
Carphone Warehouse Group has reported like for like sales up 3% in its European business in its fourth quarter, as the group gears up to open its first Best Buy store in the UK this Friday.
-
NewsRepublic up for sale
Young fashion chain Republic has been put up for sale by its private equity owner Change Capital.
-
NewsBill Grimsey to become Focus chair
Focus chief executive Bill Grimsey is to become chairman at the DIY chain with managing director Rob Gladwin taking over as chief executive.
-
NewsFindel profits to be below expectations
Home shopping group Findel has reported full year sales up 1% to £582m but said it pre-tax profits would be below expectations after a review of some of its accounting entries.
-
NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
-
NewsCity sticks with Tesco but share price falters
Record results from Tesco failed to help either the grocer’s or its peers’ shares, which all fell over the week.
-
NewsAsos overseas growth woos investors
The international opportunity for online fashion retailer Asos continued to be a winning growth story for investors as overseas sales soared 101% in the year to March 31.
-
NewsEaster slump prompts Thorntons profit warning
Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to hopes.
-
NewsPrimark first-half surge opens door for opportunity in Europe
Impressive first-half trading figures from Primark will pave the way for further European expansion, City analysts believe.