Latest finance news – Page 666
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News
Inflation stays steady
Consumer Price Index (CPI) inflation remained stable in September at 1.8 per cent.
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Retail arm propels Burberry sales
Total revenue at luxury retailer Burberry Group jumped 19 per cent for the six months to September 30, driven by the performance of its retail and wholesale businesses.
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DSGi sales strong despite Italian woes
DSGi has today reported robust sales, despite weak performances from its Italian UniEuro arm and Mircrosoft’s new Vista range.
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LVMH reports strong sales growth
Luxury group Moet Hennessy Louis Vuitton (LVMH) increased revenues by 13 per cent to €11.4 billion ( 7.95 billion) in the first nine months of this year.
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Profit warnings for retailers continue to rise
Profit warnings from the retail sector have risen sharply in the last year.
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Rising profit warnings cause concern
Profit warnings from the retail sector have risen sharply in the past year.
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Retail sales up 3 per cent
UK retail sales rose 3 per cent on a like-for-like basis last month, compared with September 2006 when sales were up 2.4 per cent, according to the British Retail Consortium (BRC).
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Investment vehicle snaps up Smallbone stake
Luxury kitchen and furnishings group Smallbone is the latest retailer to become the subject of stake-building, with investment vehicle Toscafield snapping up a stake of almost 7 per cent.
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Sainsbury's sales climb
Sainsbury’s revealed second-quarter sales rose 4.7 per cent (excluding fuel), in line with company expectations.
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US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.
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NewsFocus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of £68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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Baugur snaps up stake in Sports Direct
Serial investor Baugur has taken a stake in beleaguered retailer Sports Direct.
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Theo Fennell boss to exit as sales soar
Theo Fennell managing director Barbara Snoad is to leave at the end of this year after six years at the upmarket jeweller.
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Thorntons celebrates stellar first quarter
Thorntons has reported strong trading in its first-quarter update.
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WHSmith profits rocket
WHSmith has reported soaring group profits, but both total and like-for-like sales dropped.
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Strong first half for N Brown
Home shopping group N Brown has delivered strong first-half results, with like-for-like sales up 10.6 per cent.
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Retailers fear Budget means £100m tax hit
Proposals to allow shire counties and the Greater London Authority to tax businesses to fund local projects will cost retailers 100 million.
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Lord Harris on brink of making Carpetright bid as sales soar
Lord Harris, chairman and chief executive of Carpetright, is poised to make a cash offer for the retailer after receiving the go-ahead to make a bid from the carpet retailer’s board.
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Clinton Cards prelims impress
Clinton Cards has posted preliminary results ahead of City expectations.