Latest finance news – Page 576
-
NewsThe Body Shop reports resilient trading
The Body Shop has reported total retail sales up 1% and like-for-like growth at up 0.7% in its full year 2009 figures.
-
NewsHalfords mulls £30m Blacks bid
Outdoor specialist retailer Blacks Leisure is reported to be the latest bid target for Halfords.
-
NewsH&M sales up 1% in January
H&M’s like-for-like sales rose 1% in the month of January compared with the same month last year.
-
NewsSupergroup announces intention to float
Supergroup has announced its intention to raise £125m by floating on the London Stock Exchange.
-
NewsDoubts raised over Ocado IPO
Doubts have been raised about the stock market flotation potential of Ocado, after it emerged that Waitrose is to launch a competing online operation in central London within two years.
-
NewsNew Look IPO shelved
New Look has pulled its IPO process, citing an unfavourable market backdrop.
-
NewsNew Look board meets as doubts rise over IPO
Fashion retailer new Look’s board will decide today whether to proceed with an IPO as fears rise that a flotation may be impossible.
-
NewsRetailers compete for share of £1.6bn Valentine’s sales bonanza
Retailers are gunning for a £1.6bn pay day from Valentine’s Day sales this weekend, with grocers hoping cash-strapped lovers eat at home rather than go out to a restaurant.
-
NewsSir Richard Greenbury defends Marc Bolland’s M&S reward
Sir Richard Greenbury, ex-chairman and chief executive of Marks & Spencer, who led the retailer to profits of more than £1bn for the first time, has defended the reward package given to incoming boss Marc Bolland.
-
NewsBlacks seeks funds to rejuvenate store portfolio
Blacks Leisure has taken another step in its turnaround plan with a proposal to raise £20.3m through a placing and open offer.
-
News
HobbyCraft top target on Halfords acquisition list
A raft of potential buyers are circling HobbyCraft, including cycling and motoring accessories specialist Halfords and private equity house Isis, ahead of a February 26 deadline for first-round bids.
-
NewsJane Norman sales revive after ‘disappointing’ year
EBITDA fell to £15.8m in the year to March 28, 2009, down from £29.5m the year before, according to accounts filed at Companies House. Sales were flat at £148.8m but heavy markdowns following what it described as a “disappointing” reaction to ranges in the second half of the year led ...
-
NewsAnalyst opinion mixed as Ocado eyes spring flotation
Online grocer Ocado has moved a step closer to a potential IPO and is understood to be gearing up for a spring flotation.
-
NewsMore retail deals on private equity’s radar
Renewed private equity activity and low retailer valuations raise the likelihood of another round of public-to-private deals, Oriel analysts believe.
-
News
Matalan sale talks collapse as investors baulk at £1.5bn price
The sale of Matalan fell through on Wednesday after potential buyers failed to meet owner John Hargreaves’ price expectations.
-
NewsPeacock Group back on form, says Richard Kirk
Peacock Group chief executive Richard Kirk said the group is expected to report a return to form in the year to March 2010 with EBITDA of £80m.
-
News
Half of stores and staff under threat at Ethel Austin
The administrator to value fashion retailer Ethel Austin has earmarked half of its 270 stores for closure.
-
NewsScottish retailers ‘hindered by business rates policy’
Retailers in Scotland will be harmed by the Scottish Government’s failure to introduce business rates transitional arrangements, according to the Scottish Retail Consortium.
-
NewsSports Direct retail sales climb 9.4%
Sports Direct has reported retail sales increased 9.4% in the 13 weeks to January 24 to £326m.
-
NewsABI may challenge Marc Bolland’s M&S pay package
Incoming M&S chief executive Marc Bolland is facing objections from the Association of British Insurers over his £14.8m pay package.