All City & finance articles – Page 163
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NewsDebenhams wins £50m backing to fund peak trading
Department store group Debenhams has secured an additional £50m of funding that will enable it to trade at full-tilt over the vital Christmas period, Retail Week can reveal.
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NewsLinks of London tumbles into administration
Jewellery chain Links of London has tumbled into administration, putting up to 350 jobs at risk in what is another blow to the ailing UK high street.
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NewsKingfisher appoints new finance chief
DIY giant Kingfisher has named Bernard Bot as its new chief financial officer.
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OpinionOpinion: Are Ted Baker’s woes down to Ray Kelvin’s departure?
After a horror show set of interim results, Ted Baker has been doing its best to reassure the City that this is just a blip. But to what extent can the fashion retailer’s travails be blamed on the sudden departure of its founder?
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NewsAngling Direct posts first-half profits rise
Angling Direct has reported a rise in interim sales and profits and said it will meet full-year expectations.
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NewsHarrods boss warns on dangers of Corbyn government as profits slip
Harrods managing director Michael Ward has voiced fears that a Corbyn administration would impose money exchange controls to stop cash flowing overseas and that wealthy customers would take fright.
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NewsDeliveroo sales double but losses balloon
Deliveroo has reported deepening pre-tax losses, despite more than doubling its sales over the last year, as it splashed out on “major investments”.
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NewsAgenda: Dunelm, N Brown and Quiz update the market
Retail Week looks ahead to the next seven days with updates from N Brown, Dunelm and Quiz all on the agenda.
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NewsH&M quarterly profits rise for first time in two years
H&M has posted its first rise in quarterly profits for more than two years as digital investments and strong demand for its summer collections bore fruit.
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AnalysisAnalysis: Lewis is planning Tesco’s future, not just succession
There was one moment in Dave Lewis’ penultimate press conference as Tesco chief executive this morning that perfectly encapsulated his transformative tenure.
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NewsTopps Tiles full-year sales rise in ‘tough market’
The flooring specialist has said it expects its full-year like-for-like sales to be up year on year, with profits in line with current market expectations.
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NewsTesco boss Dave Lewis to step down as interim profits rise
Tesco chief executive Dave Lewis is set to step down from the grocer next year as the business delivers half-year profit growth and flat sales.
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NewsCMA escalates investigation into JD Sports’ Footasylum acquisition
The Competition and Markets Authority has today escalated its probe into JD Sports’ £90m swoop for Footasylum, after the footwear retailer decided there wasn’t any “appropriate remedies” to avoid the phase 2 probe.
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NewsScS profits up as boss hails year of ‘good progress’
ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.
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NewsGreggs sales soar after trade continues ‘very strongly’
Greggs has hailed another quarter of strong sales growth, saying it “continued to trade very strongly” on the high street.
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NewsMiss Selfridge losses balloon as sales slump
Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.
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NewsAgenda: ScS, Greggs and Tesco update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Ted Baker and Topps Tiles all on the agenda.
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NewsPoundland parent rebrands as it gears up for European expansion
Pepkor, the owner of discount variety chain Poundland, has rebranded as Pepco Group as it seeks to align itself with its largest Central European brand.
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NewsM&S chair Norman snaps up more shares
Marks & Spencer chair Archie Norman has bulked up his shareholding in the retailer.
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NewsSuning.com completes Carrefour China acquisition
Suning.com has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.