Latest finance news – Page 573
-
NewsFat Face owner injects new capital to secure future growth
Fat Face owner Bridgepoint has injected £8.5m into the business to help the retailer’s expansion plans, it has emerged.
-
NewsHome Retail profits to beat expectations despite Argos sales fall
A later than usual catalogue launch and wintry weather contributed to a like-for-like sales fall of 9.4% at catalogue store group Argos but parent Home Retail Group expects its full-year results to beat expectations.
-
NewsSuperGroup to expand and launch marketing campaign after IPO
SuperGroup will use the £125m the expected float will raise to open 20 stores and launch a marketing campaign, founder Julian Dunkerton said.
-
NewsHobbyCraft picks six suitors for second-round bids
Arts and Crafts retailer HobbyCraft has narrowed its list of suitors to six bidders.
-
NewsCard Factory founders set to rake in £400m
Card Factory has received bids for the business from several private equity groups that could result in the founders taking home a £400m windfall.
-
NewsBlacks Leisure starts store expansion
Blacks Leisure has begun a store rollout programme which it said is the next phase in the company’s turnaround plan.
-
NewsMatalan founder to pay himself £250m dividend
Matalan founder John Hargreaves is set to pay himself a £250m dividend as part of refinancing plans at the value chain.
-
NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
-
NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
-
News
QVC’s UK sales bolstered by second-half lift
UK sales at TV shopping business QVC climbed 2.3% to £367.9m in 2009 after a stronger second half.
-
NewsCity sees opportunity as shares fall again
General retailers had another poor week and have lost about 10% of their value this year.
-
News
Dunelm eyes expansion as profit and sales impress City
Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.
-
News
Game to shrink portfolio amid tough trading
Entertainment retailer Game is to shut 18 stores and all of its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
-
News
Hotel Chocolat outlines growth plan
Hotel Chocolat is to open between 10 and 15 stores this year, after reporting a strong start to the year with like-for-like sales up 14% in January.
-
News
Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
-
NewsRWC2010: Retail poised for period of M&A activity, says Debenhams chief
Debenhams chief executive Rob Templeman has said the sector is poised for a period of mergers and acquisitions as the recovery gains momentum.
-
NewsH&M proposes stock split
H&M will propose a stock split at its annual general meeting, whereby each of its existing shares will be divided into two new shares to dilute its share price and give its customers more opportunity invest in the retailer.
-
News
QVC sales up 2.3%
Sales at QVC in the UK grew 2.3% in 2009 reaching £367.9m for the TV shopping business after a stronger second half.
-
NewsSports Direct mulls bid for Blacks
Sports Direct is considering making a bid for Blacks Leisure after blocking its proposed fundraising plans.
-
NewsSuperGroup ‘oversubscribed’ as IPO bookbuilding ends
Fashion retailer SuperGroup expects to close its IPO bookbuilding within 24 hours and the offer is likely to be oversubscribed, Retail Week has learned.