Latest finance news – Page 663
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Duke Street Capital buys Original Factory Shop
Value store group Original Factory Shop has been sold to private equity giant Duke Street Capital for 68.5 million.
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Elvi owners rebuff fire-sale talk as it seeks buy-out or investors
Plus-size fashion retailer Elvi is pursuing a sale or new investment little more than a year after being acquired by Langholm Capital for 10 million.
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Sports Direct share price nosedives
Sports Direct shares dipped to less than a third of the price it floated at yesterday after Merrill Lynch issued a damning note on the company.
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Business rates set to soar in 2010
Spiralling property values could mean retailers will be hit with dramatic increases in business rates, according to a report from property consultancy GL Hearn and Investment Property Databank.
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News99p Stores outlines aggressive growth agenda to revive profits
Discount retailer 99p Stores has vowed to return to profitability next year following two years of losses.
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Bank of England cuts interest rate
The Bank of England cut interest rates by 0.25 per cent today handing retailers a much-needed pre-Christmas boost.
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Business rates for retailers set to soar
Retailers are likely to be hit hardest by spiralling property prices, as business rates on the high street are expected to soar 13.3 per cent in the next three years.
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Wal-Mart takes control of Seiyu
The world’s biggest retailer Wal-Mart has completed its tender offer to take total control of Japanese supermarket chain Seiyu.
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SCS Upholstery: The City View
Fears are growing that the springs have gone at upholstered furniture specialist ScS, which holds its AGM on Monday.
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Retailers' unease grows as shares continue to slump across the board
Punch-drunk retailers took more blows as both grocers and general merchandisers underperformed.
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Sports Direct’s Ashley plans to up stake
Sports Direct founder Mike Ashley has set out plans to buy back a further 5 per cent of its shares, sparking fresh speculation that he plans to buy back the business he floated 10 months ago.
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Positive John Lewis sales could kick-start Christmas
Fears of a retail slowdown this Christmas may abate as John Lewis reported a 10 per cent jump in sales last week.
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US enters critical festive trading period
All eyes will be on US retail sales today, at the start of the country’s crucial Christmas spending season in the midst of its credit crunch.
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Retail shares plummet as fears grow over consumer spending
General retailers took a knock-out blow over the week when their shares slid almost 6 per cent as worries persisted about the health and direction of the consumer economy.
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Clinton’s reports slowing October sales
Clinton Cards has reported like-for-like sales up 2 per cent for the 16 weeks to November 18.
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Monsoon shareholders back Simon's buy-out
Monsoon shareholders have voted overwhelmingly in favour of the acquisition of the fashion retailer by chairman and founder Peter Simon.
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Poor November for fashion bodes ill for festive trading
UK fashion retailers have endured awful trading in November, putting down an ominous marker for Christmas.
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3i buys Agent Provocateur
Private equity group 3i is to acquire lingerie retailer Agent Provocateur and intends to expand the business.
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Metro mulls sale of its Extra chain to fuel global growth
German retail giant Metro Group is understood to be in talks to sell its Extra supermarket chain and a transaction could be completed by the end of the year.
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Burberry profits soar
First half operating profits at luxury group Burberry rose 30 per cent to 97.3 million in the six months to September 30.