Latest finance news – Page 589
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NewsLehman Brothers collapse takes toll on Reiss
Fashion retailer Reiss has reported “creditable” earnings last year, when it suffered like other retailers in the aftermath of Lehman Brothers’ demise.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsMarc Bolland’s expertise ideal to lift Marks & Spencer food but how will he work with fashion gurus?
Marc Bolland’s experience with Morrisons is likely to make a difference at Marks & Spencer’s food division, but he is little-known in the world of fashion retail.
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NewsMothercare upbeat as profits jump
Mothercare chief executive Ben Gordon said it was in the “best shape” it has ever been in the run-up to Christmas as the mother and baby specialist revealed underlying profits up 15.4% in the 28 weeks to October 10.
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NewsMajestic Wine ‘optimistic’ as six-bottle initiative lifts sales
Wine specialist Majestic Wine is “optimistic” about Christmas trading after reporting a better than expected UK interim like-for-like sales rise.
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Burberry confident for Christmas as sales lift
Luxury retailer and brand Burberry is confident ahead of the crucial Christmas period.
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NewsDebenhams buys Danish chain to extend presence
Department store operator Debenhams last week bought Danish department store group Magasin du Nord for £12.3m, providing a bridgehead into Europe.
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NewsCity continues to back WHSmith
WHSmith’s trading update last week reinforced analysts’ bullish stance on the retailer.
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NewsGrocers lead the way as retail shares rise
A raft of results generally in line with expectations and signs of corporate activity returning to the sector helped general retailers keep pace with the index, but food groups were the week’s stars.
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NewsAsos confident rising sales can continue
Online fashion retailer Asos is confident that added investment in marketing and increased delivery options will help the continued growth of its UK business.
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NewsProfits motor ahead at Halfords
Motor accessories and leisure group Halfords has posted a 24% rise in first-half profits and is confident of meeting full-year expectations.
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NewsAdili finance director leaves
The finance director of ethical etailer Adili has left the business as part of a restructure.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.
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NewsM&S launches £225m bond buy-back
Marks & Spencer has launched an offer to buy back up to £225m of corporate bonds and, subject to take-up, issue new debt with longer maturity.
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NewsConsumer prices inflation rate reaches 1.5%
Consumer price inflation rose during October for the first time since February.
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NewsRetail sales cheer Burberry ahead of Christmas
Luxury group Burberry is confident ahead of the crucial Christmas period as sales of outerwear and leather goods continued to boost retail sales.
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NewsMajestic Wine profit climbs 9% in first half
Majestic Wine’s pre-tax profit jumped 9% to £6.1m in the 26 weeks to September 28.
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NewsIndie grocer Booths wins back shoppers with value range push
Independent grocer Booths nudged up pre-tax profits and like-for-like sales last year.
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NewsSavers reduces losses and pins hopes on rallying like-for-likes
Value health and beauty chain Savers reduced its losses in the last financial year and is confident it is moving towards profitability.
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NewsModern Warfare 2 fires up flagging games sector
Games retailers pulled out all the stops this week as they clambered to grab share of the biggest ever software launch to hit the market.