Latest finance news – Page 618
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Retail stocks pick up in line with market
Retailers were popular as the market rose generally. Value opportunities, defensive stocks and riskier turnaround situations were all in vogue – only nine main market-listed store groups lost value over the week.
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Ted Baker is still on the right course
Idiosyncratic fashion retailer and brand Ted Baker reveals full-year numbers on Wednesday.
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Smallbone bought out of pre-pack administration
Luxury homewares and furniture retailer Smallbone has been put into pre-pack administration and bought by Canburg, a company owned by Leo Caplan.
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Business rates rise is 'complete madness' says Boots UK head
Alliance Boots health and beauty chief executive Alex Gourlay has slammed the Government over its proposals to increase business rates, branding the rise as 'complete madness'.
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Business rates raise is 'complete madness' says Boots UK head
Alliance Boots health and beauty chief executive Alex Gourlay has slammed the government over its proposals to increase business rates payments for retailers, branding the rise as 'complete madness'.
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Signet renegotiates loan agreements
Jewellery group Signet has successfully negotiated a new borrowing deal.
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City bullish on retail stocks as it focuses on recovery potential
Global stock markets rallied on Tuesday but general retailers’ recent outperformance was not sustained over the week.
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February sales figures leave analysts divided
City opinion was divided over whether February retail sales data backed a bull or bear view of the sector’s prospects.
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French Connection: finals next week
Spiky Steven Marks’ fashion group posts preliminary results on Wednesday – its first news since last November’s update.
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NewsWeakness of pound means pain lies ahead
Paul Smiddy: I take no solace from the official December and January sales figures. Demand will fall a lot further as unemployment spreads into the wider economy
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Profits plunge at Carrefour
International stores giant Carrefour is to cut prices and slash costs after profits slumped last year.
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Morrisons profits surge as like-for-likes climb
Morrisons' like-for-like sales climbed 7.9 per cent in the year to February 1, excluding fuel.
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Argos sales beat expectations
Home Retail Group has posted better than expected trading at its flagship Argos chain.
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Baugur court decision expected today
An Icelandic court will decide today whether to extend battered investor Baugur’s moratorium.
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Alistair Darling: no climbdown on April business rates hike
Chancellor Alistair Darling has refused to back down over the 5 per cent increase in business rates that is due to hit next month, but left the door open for future changes to make the system fairer after the 2010 revaluation.
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Sterling's frailty poses threat to retail stocks
The impact of sterling’s collapse against the dollar threatens to end the retail sector’s share price rally within months.
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City remains cynical over retail despite recent rally in non-food
The likely longevity of retail’s recent rally was once again one of the big City talking points.
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Morrisons: preliminary results next week
Morrisons posts full-year results next Thursday and profits are expected to come in at about 630m.
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Dunelm stands by expansion plan after reassuring first half
Value homewares group Dunelm is ploughing ahead with expansion plans after posting robust first-half trading figures.
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Interest rate cut to 0.5%
The Bank of England has cut the interest rate to a record low of 0.5 per cent.