Latest finance news – Page 588
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NewsNew Look appoints advisers for IPO
New Look has appointed three investment banks to advise on its IPO in early 2010.
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NewsJD sales remain positive
JD Sports Fashion said that trading has remained positive with sales at both its fashion and sports fascias continuing to perform well.
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NewsFindel appoints new chief executive
Findel has today appointed a new chief executive, Philip Maudsley, and announced that current chief Patrick Jolly will leave the home shopping group.
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NewsBest Buy Europe profits to be at top end of expectations
Carphone Warehouse expects its share of full-year net income from Best Buy Europe to be at the top end of expectations and said it is on track to open big box stores next spring.
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NewsHobbyCraft on course for its ‘best ever year’
Arts and crafts retailer HobbyCraft is heading for its “best ever year” as the trend for low-cost family activities continues to grow.
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NewsTurnaround on horizon for Blacks after successful CVA
Blacks Leisure will focus on refreshing its portfolio after its company voluntary arrangement (CVA) was passed by landlords, shoring up its future.
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NewsFundraising to help Topps Tiles expansion
Topps Tiles will use funds raised from a proposed placing of 17.1 million shares, equivalent to 10% of its existing capital, to refocus on UK expansion as consumer confidence returns to the home sector.
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NewsRetail sales at Ted Baker rise as UK fares well
Retail sales at fashion retailer Ted Baker climbed 19.8% over the 13 weeks to November 14, as strong UK sales growth offset difficult trading in overseas markets.
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NewsHalfords first-half profits power on
Motoring and leisure group Halfords is confident of meeting full-year profit expectations after reporting a strong first half.
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NewsFood falls as Marc Bolland quits at Morrisons
Last week’s shock news that Morrisons chief executive Marc Bolland is leaving to head Marks & Spencer helped pull down the food sector relative to general retailers.
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.
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NewsAlexon like-for-likes slump 14%
Fashion group Alexon has reported a 14% slump in like-for-like sales for the 16 weeks to November 21 after its planned lower level of summer Sale activity affected footfall and sales.
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NewsBorders UK collapses into administration
MCR has been appointed as administrator to Borders UK.
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Cash Converters profits up after strong trading
Australian-owned pawnbroker and financial services group Cash Converters has upgraded its profit targets after a strong start to its financial year.
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NewsFrench Connection sales helped by currency gains
French Connection has benefitted from more favourable exchange rates in the three months to October 30 with overall group turnover up 8%.
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NewsSports Direct appoints chairman
Sports Direct has appointed a non-executive chairman, Dr Keith Hellawell, to join its board.
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NewsSignet UK arm to be hit by the weakness of sterling
Total sales for the UK arm of jewellery giant Signet fell 4.75% on a reported basis to $154.4m (£93.1m) for the 13 weeks to September 31.
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NewsTopps Tiles proposes share placing as profits fall
Topps Tiles has announced a proposed share placing as it reported adjusted full-year pre-tax profits of £16.3m, down from £29.5m the year before.
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NewsBlacks CVA approved
Blacks Leisure’s Company Voluntary Arrangement (CVA) has been approved by 98% of its landlords at a creditors meeting.