Latest finance news – Page 602
-
NewsLuxury department stores fend off recession with sales gains
Department store operators Harrods, Harvey Nichols and Fenwick have reported resilient trading over the past year, despite the bleak retail landscape.
-
NewsThorntons completes refinancing
Thorntons has completed its refinancing, having signed a new revolving credit facility of £52.5m.
-
NewsStrong support for Findel fundraising
Home shopping group Findel has said its £81m fundraising has received strong support from investors.
-
NewsKaupthing retailer loans investigated
Details of loans made by collapsed Icelandic bank Kaupthing to a company owned by retail entrepreneur Kevin Stanford have been passed to criminal investigators in Iceland.
-
NewsRetailers to gain if recovery of pound sustained
Retailers are poised to reap earnings and margin gains if the recovery of the pound is sustained and relieves pressure on buying costs.
-
NewsSuperdrug to focus on beauty as it posts loss
Superdrug is confident it can increase its beauty market share despite suffering a pre-tax loss of £7.4m in the year to December 2008.
-
NewsCarpetright shifts ads away from price focus
Carpetright has overhauled its marketing to focus on “emotional engagement” rather than just price as the retailer achieved its first like-for-like sales growth since the fourth quarter of 2007/08.
-
NewsDisney Stores upbeat after return to profit
Disney Stores has bounced back into the black, recording a pre-tax profit of £2.8m in the year to September 27, 2008, after posting a loss of £6.6m the previous year.
-
NewsWickes improvement gives City hope for upturn in DIY
Good weather and a hike in online sales helped Wickes limit its like-for-like sales fall to 2.4 per cent in the six months to June 30.
-
NewsTopps Tiles like-for-like sales decline slows
Topps Tiles’ like-for-likes fell 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
-
NewsEfficiencies and pricing drive Flying Brands profit
Cost efficiencies have begun to improve profitability at multichannel retailer Flying Brands.
-
News
Forecast cut for ‘overvalued’ Alexon
Seymour Pierce has slashed its full-year profit forecast for Alexon – owner of fashion businesses including Ann Harvey, Kaliko and Eastex – from break-even to a loss of £5m.
-
NewsGreen shoots and toxic waste
Two years into the credit crunch, hopes are rising that an end to hard times could be on the horizon.
-
NewsRetailers run on as updates hold promise
Investors once again went on a trolley dash for store stocks, helping general retailers outperform the market.
-
News
Sales drop at Signet's UK arm
Jewellery retailer Signet’s group like-for-likes fell 5.3 per cent in the 13 weeks to August 1.
-
NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% as the Bank of England announced it will inject a further £50bn in to the economy.
-
NewsCarpetright posts like-for-like sales rise
Carpetright, the market leading floor coverings retailer, has posted the first quarterly like-for-like sales rise at its core business since the fourth quarter of 2007/08.
-
NewsTopps Tiles like-for-likes drop 10.9 per cent
Topps Tiles like-for-likes slumped 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
-
News
JD Sports buys rugby brand Canterbury Europe
JD Sports Fashion has bought rugby brand Canterbury Europe from administration.
-
NewsWhole Foods makes £35.9m loss in UK
Upmarket grocer Whole Foods Market made a £35.9m loss in the UK last year, according to accounts filed at Companies House.