Latest finance news – Page 615
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NewsWHSmith considers increasing presence in overseas airports
WHSmith is contemplating further overseas expansion of its travel business by opening in more foreign airports.
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US retail ‘undertaker’ sets up shop in UK
US-based retail restructuring and liquidation giant GA Asset Advisors has arrived in the UK in expectation of continued turmoil in the stores sector.
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NewsConsumer confidence levels rise for third month
Consumer confidence improved in April to levels not seen for more than a year.Confidence in the general economic situation over the next 12 months reached an index level of -15, which was a 16-point improvement on the previous month and the strongest showing since August 2007 research carried out by ...
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NewsHMV reports strong growth but books remains weak
HMV UK and Ireland has reported like-for-like growth of 4.3 per cent for the 16 weeks ending April 25 while Waterstone’s like-for-likes slumped 4.5 per cent.
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NewsHome Retail Group posts 24 per cent fall in preliminary profits
Home Retail Group, owner of the Argos and Homebase chains, has warned of continued tough trading conditions ahead after posting a 24 per cent fall in preliminary profits.
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NewsDunelm enjoys sales lift
Dunelm has reported an improving performance with like-for-like sales up 2.3 per cent in the 17 weeks to April 25.
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NewsCarpetright like-for-likes continue to slump as margins slip
Carpetright’s like-for-like sales have continued to tumble but it has successfully renegotiated its banking terms.
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NewsN Brown defies downturn with solid year
N Brown has continued to outperform the market with underlying pre-tax profits soaring 11.3 per cent to £82.7m in its full year to February 28.
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NewsBay Trading in administration
Alexon has placed its Bay Trading fascia into administration following losses reported earlier this week and the withdrawal of credit insurance.
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NewsSir Terry Leahy heralds signs of economic stability
Tesco boss Sir Terry Leahy says confidence is bouncing back as the grocer records profits of £3bn.
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NewsHalfords to overhaul supply chain as it strives to cut costs
Bicycle and car maintenance specialist Halfords is rethinking its supply chain and distribution centre network in an effort to save costs and drive efficiencies.
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Ideal to improve online offer after £4m loss
TV shopping group Ideal Shopping Direct has said it will focus on improving its online offer after a turbulent year led to a pre-tax loss of £4m.
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Primark sales hit £1bn but harder second half looms
Primark broke the £1bn sales barrier in its first half but has warned of increasing pressure on margins.
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NewsFrench Connection downgraded
Seymour Pierce last week rated French Connection a sell after revising its pre-tax loss forecast for 2009/10 following a company visit.
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NewsTesco outperforms as profits rocket to £3bn
General retail stocks have outperformed the supermarkets lately, but that pattern was reversed this week as Tesco’s full-year results exceeded City expectations.
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NewsNext leads share rally in retail sector
Next led a share rally in the retail sector last night as Citigroup said that share prices in the sector had bottomed out and that it was time to “relight the fire”.
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Euler Hermes welcomes credit insurance scheme but criticises banks
Euler Hermes has welcomed the Government’s credit insurance scheme while lambasting banks for not lending.
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Budget 2009: Darling’s credit insurance top-up scheme ‘too little, too late’
Updated: Chancellor Alistair Darling has confirmed that the Government will implement a credit insurance top-up scheme, under which it will match insurance offered by the private sector.
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NewsAlexon profits dive as Bay Trading suffers tough competition
Fashion group Alexon has revealed that pre-tax profits before exceptionals plummeted to £3.5m in its full year to January 31, from £16.4m the year before.After exceptionals of pre-tax losses were £27.7m, down from a £12m profit in 2008.Turnover fell 4.5 per cent to £250.3m with like for like sales down ...
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NewsDeflation for first time since 1960
The retail price index (RPI) has fallen into negative territory for the first time since 1960 as decades of inflation come to an end.In the year to March all items on the RPI fell by 0.4 per cent compared with no change in February according to the Office of National ...