Latest finance news – Page 590
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NewsSignet upbeat as Ernest Jones sales improve
Jewellery retailer Signet reported that an improvement at its Ernest Jones chain has helped it achieve almost flat UK like-for-like sales in its third quarter to October 31.
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NewsMothercare could suffer from toy discounting
Maternity specialist Mothercare, which also owns Early Learning Centre (ELC), posts interims on Wednesday, when broker Singer expects flat profits of about £9.7m.
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NewsNew strategy lifts Majestic Wine
Majestic Wine is expected to report a solid performance at its interim results on Monday.
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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NewsStronger third quarter for Benetton
Italian fashion group Benetton had a strong third quarter with revenues ahead 13.1%.
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NewsAsda sales growth slows as lower inflation takes toll
Asda, the Walmart-owned grocer and general merchandiser, has reported a slowdown in sales growth and said it would save shoppers £150m this Christmas.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsSainsbury’s posts 18.5% interim profits rise
Supermarket group Sainsbury’s has unveiled a leap in interim profits and said customer numbers have surged,highlighting how effectively it has responded to tough retail conditions.
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NewsAsda posts flat profits and is ‘sold’ in internal Walmart deal
Asda, the Walmart-owned grocery and general merchandise giant, generated profit before tax of £520.4m last year.
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NewsGoldsmiths owner Aurum agrees refinancing
Aurum, the jewellery group formerly backed by Baugur, has agreed a debt for equity swap with lenders and said recent performance has been ahead of expectations.
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NewsRicher Sounds profits slide while revenue soars
Hi-fi and televisions retailer Richer Sounds experienced a pre-tax profit decline of 8% to £3.4m in its full year.
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NewsBoots awaits decision on bid for Swedish chain
Alliance Boots is expected to learn this week whether it has been successful in its bid to buy part of Sweden’s pharmacy monopoly.
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NewsLiberty sales ‘stronger than last year’
London department store Liberty has reported “strong” sales in July, driven by sales from womenswear and its own-label brand, Liberty of London.
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NewsPrimark juggernaut powers on as expansion spurs sales
Primark posted results in line with City expectations, including a 7% rise in like-for-like sales in the year to September 12.
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NewsDunelm celebrates surge in sales and profits
Value homewares retailer Dunelm brought forward its trading update after better than expected trading.
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News
Consumer confidence continues slow recovery
Consumer confidence in the UK continued to increase in October, but levels remain fragile.
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NewsAsos shrugs off slowing etail growth
Investec published a buy note on Asos ahead of its half-year results on November 16, despite evidence of challenges facing online retailers.
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NewsMarks & Spencer and Next results surpass expectations
Updates from the two biggest quoted fashion groups, Marks & Spencer and Next, pleased brokers as each retailer reported encouraging recent trading.