Latest finance news – Page 653
-
News
Laura Ashley takes Moss Bros stake beyond 7 per cent
Laura Ashley has boosted its stake in menswear retailer Moss Bros by buying a further 625,000 shares for 47p each, giving it more than 7 million shares in total.
-
News
West Coast seeks legal order for Tesco over Dobbies stake
Tycoon Sir Tom Hunter’s West Coast Capital investment vehicle is seeking a legal order forcing Tesco to buy its minority stake in garden centre group Dobbies.
-
News
April retail sales worst since 2005
UK retail sales values fell 1.5 per cent for April, compared with the same month last year, when sales were up 2.4 per cent.
-
News
Travis Perkins expects slowdown
Builders’ merchant Travis Perkins has reported turnover for the 17-week period to April 26 up 3.3 per cent in its retail division.
-
NewsNet-a-Porter launches review
Internet entrepreneur Natalie Massenet is understood to be conducting a review of her fashion e-tail business Net-a-Porter.com.
-
News
DSGi to slash store count
Electricals giant DSGi is expected to cut its dividend and announce the closure of up to 200 of its 700 stores in the first stage of new chief executive John Browett’s strategic review this week.
-
News
Tesco named UK's most valuable retail brand
Tesco is Britain's most valuable retail brand, according to consultancy Intangible Business.
-
News
Justin King to pocket £6.5 million bonus
Sainsbury’s chief executive Justin King will collect a bonus of about 6.5 million this week when he unveils a 25 per cent uplift in pre-tax profits.
-
News
Hunter bids to block Dobbies’ rights issue
Scottish business tycoon Sir Tom Hunter is trying to block Tesco-controlled garden centre chain Dobbies’ rights issue unveiled last month.
-
News
Moss Bros’s future uncertain as Baugur weighs up options
Men’s formalwear retailer Moss Bros Group remained in limbo this week after potential buyer Baugur confirmed only that it and investment vehicle Newco continued to review due diligence.
-
News
Land of Leather sales slump set to continue
Land of Leather’s negative like-for-like sales are expected to continue for the rest of the year, as the City forecasts that there will be no upturn for the troubled furniture sector.
-
NewsSainsbury’s price cuts are ‘sign of the times’
Sainsbury’s has begun a huge promotional push in an effort to lure cash-strapped shoppers into its stores and to its web site.
-
News
Lush on mission to double UK stores after 30% rise in profits
Handmade-cosmetics retailer Lush will forge ahead with its expansion plans after posting a 30 per cent uplift in group pre-tax profits to 10.3 million.
-
News
MK One chief quits as fears of break-up grow
MK One chief executive Dominic Galvin has left the fashion retailer after it was sold to retail restructuring specialist Hilco.
-
News
Ocado opens door to float with five-year Waitrose deal
Ocado has agreed in principle a landmark five-year deal with Waitrose, paving the way for a potential flotation of the e-tailer.
-
News
Interest rate held at 5%
The Bank of England has held interest rates at 5 per cent today disappointing hard-pressed retailers and customers feeling the impact of the credit crunch.
-
News
Carphone Best Buy deal: City reaction
The creation of an electricals joint venture by Carphone Warehouse and Best Buy is likely to be bad news for European groups such as DSGi, Kesa and Metro-owned MediaMarkt.
-
News
Internacionale Limited enters administration
Interna ionale Limited, the company which operated value womens fashion stores Interna ionale and homewares retailer Au Naturale, has gone into administration.
-
News
Mandarina Duck sold to Italian leather retailer
Italian leather goods retailer Antichi Pelletieri is to buy Bologna-based Mandarina Duck parent Finduck Group for €36.9 million ( 29.2 million) and press ahead with an emerging markets expansion plan.
-
News
Fabric Warehouse enters administration
Homewares retailer Fabric Warehouse has gone into administration, becoming the latest victim of the credit crunch.