Latest finance news – Page 591
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NewsMarks & Spencer and Next chiefs see market stabilising
Marks & Spencer executive chairman Sir Stuart Rose intends to trade the business at full price through the Christmas period on the back of improved consumer confidence.
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NewsPotential buyers eye First Quench stores after group’s administration
Trade buyers and private equity groups are circling collapsed Threshers owner First Quench Retailing as the deadline for bids draws near.
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NewsTrago Mills profits take a hit in recession
West Country retailer Trago Mills suffered a fall in profits and sales in the year to December 31, 2008.
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NewsAlliance Boots on track to hit targets after healthy half-year
Alliance Boots has said customer service and value have been the main drivers in helping it deliver sales growth of 11.6% to £9bn in the six months to September 30.
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NewsTM Lewin rules out IPO after strong half
Shirt specialist TM Lewin has ruled out an IPO and has put to bed speculation that backer HBoS wants to exit the business.
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NewsHopes of recovery rise as Bank holds interest rates and injects £25bn into economy
The Bank of England has held interest rates at 0.5% for the eight month in a row and inject an extra £25bn into the economy in an attempt to stimulate recovery.
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NewsTM Lewin reports record profits
Men’s and womenswear retailer TM Lewin reported it has defied the downturn to deliver record profits and that the new financial year has started strongly.
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NewsSales improve at Signet
The UK’s biggest jewellery chain Signet has reported an improvement in sales in its third quarter.
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NewsRetailers to benefit as credit insurer Atradius increases cover
Atradius, one of the leading credit insurance firms, is to increase cover to UK companies.
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NewsNext sales continue to beat expectations
Next sales have continued ahead of expectations with like-for-like sales down 1.3% for its third quarter to October 31.
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NewsM&S posts flat first-half profits
Marks & Spencer reported a “good start” to its third quarter but is “cautious” about Christmas prospects after posting flat interim profits.
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NewsPrimark like-for-likes up 7%
Value fashion retailer Primark has reported sales up 20% in the year to September 12, with like-for-likes up 7%.
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NewsAlliance Boots revenue up 11.6%
Health and beauty group Alliance Boots has reported revenue up 11.6% to £9bn for the six months to September 30 and said it is well positioned for the second half including the key Christmas trading period.
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NewsDunelm like-for-likes rise 15.1%
Value homewares retailer Dunelm has delivered a better-than-expected performance in the first 17 weeks on the new financial year, as like-for-likes jumped 15.1%.
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NewsBlacks looks to exit 89 stores with CVA proposal
Blacks Leisure has unveiled details of a proposed company voluntary arrangement (CVA) as part the group’s restructuring.
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NewsInstore narrows losses and delists from stock exchange
Value retailer Instore has narrowed its pre-tax losses in its first half as it reveals it is to delist from the stock exchange.
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NewsCath Kidston offers signal new appetite for deals
Homewares and fashion specialist Cath Kidston – the trendy brand viewed as the Laura Ashley of the noughties – is understood to have received a number of unsolicited approaches from potential buyers.
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NewsDebenhams to restart store revamps after sales stabilise
Debenhams is to resume its store refurbishment programme after revealing sales stabilised last year.
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NewsSales leap helps Carpetright exceed forecasts
Carpetright has revealed a better than expected first half after an improvement in the second quarter.
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NewsJD Sports in frame to buy football centres business
Speculation is circulating that JD Sports Fashion is planning to gatecrash a £42.5m takeover of five-a-side football chain Powerleague, where rival retailer Sports Direct’s acting chairman Simon Bentley is a director.