Latest finance news – Page 672
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Apple's iPhone sales outstrip rivals in US
Sales of Apple’s iPhone have outpaced its rivals in its first full month on the market in the US. In a study by market research group iSuppli, sales of the smartphone in July beat those of the BlackBerry and other smartphone rivals. The phone accounted for 1.8 per cent of ...
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Primark share of UK childrenswear to rise
Primark has increased its share of the UK's 4.5 billion childrenswear market to 6.2 per cent
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Hunter buys Sanders Garden World for £15m
Move reinforces Scottish entrepreneur’s position in sector
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Whole Foods finally buys Wild Oats after trade row
Organic and healthy food giant Whole Foods Market has finally closed its US$565 million ( 282 million) acquisition of rival Wild Oats Markets this week, after months of delays as federal antitrust authorities sought to block the deal. Whole Foods chief executive and chairman John Mackey said: “We believe the ...
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Dobbies unearths profit warning as sodden summer takes its toll
Garden centre group Dobbies issued a profit warning just days after Tesco triumphed in its battle with Sir Tom Hunter over ownership of the retailer. Dobbies reported that the wet summer months meant expected sales targets for the year to October 31 were unlikely to be met. Like-for-like sales edged ...
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Next profit expected to climb despite sales slide
Fashion retailer Next is expected to post a slight increase in profits at its interim results on September 11, although first-half like-for-likes could be down as much as 6 per cent. The retailer has already given guidance of a like-for-like decrease of between 1 per cent and 4 per cent ...
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Stores shares on the up as City readies for key updates
The whole stores sector – grocers and general merchandisers – was up last week and beat the All Share index, although general retailers continued to underperform against last year. The rise was driven partly by optimism about particular companies, such as Next (see opposite), as a raft of big retailers ...
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Sainsbury's gives Delta Two three weeks
Grocer wants takeover negotiations wrapped up before the end of the month
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Netto sales rise as product and stores refreshed
Netto managing director Richard Lancaster has revealed the supermarket’s profits and like-for-like sales are substantially up this year, driven by enhancements made to its stores and product. Lancaster, who took the helm at Netto earlier this year, said: “Our improved sales performance has been driven by a combination of factors ...
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Borders UK deal nears as parent's sales soar
The sale of Borders UK is understood to be imminent, although the US retailer was silent on the issue as it posted second-quarter figures. Entrepreneur Luke Johnson’s private equity business, Risk Capital Partners, is thought to be the front-runner to buy the chain, which has also been eyed by WHSmith. ...
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Bank holiday heatwave keeps shoppers off the high streets
The sunny bank holiday weekend delivered a boost to some food and general merchandise retailers, but fashion chains suffered as footfall tumbled on the high street. Garden centre Wyevale found the sunny weather a welcome relief after the deluges earlier in the summer. Chief executive Barry Stevenson said: “We were ...
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EC slammed for anti-dumping tax proposal
Trade body says duty extension on energy saving light bulbs from China would be 'against competitiveness'