All City & finance articles – Page 171
-
NewsSosandar raises £7m through sale of new shares
Sosandar has raised £7m through the sale of new shares, as the retailer looks to widen its capital expenditure following impressive results.
-
NewsBonmarché set to delist as second-largest shareholder sells up
Bonmarché is on track to be taken private after Philip Day convinced the retailer’s last major investors to sell its stake.
-
NewsDunelm sees ‘significant opportunity’ after sales soar
Dunelm has posted a rise in quarterly sales and is confident that full-year profits will come in at the top end of expectations.
-
NewsSuperdry plunges into loss as Dunkerton ‘steadies ship’
Superdry has slid into the red after a tough year at the end of which founder Julian Dunkerton took control after staging a boardroom coup.
-
OpinionOpinion: How many more tomorrows will the City give Ocado?
Ocado has today reported a big slump in half-year profit – yet the City remains, for now at least, fairly sanguine.
-
AnalysisIceland’s Richard Walker on being retail’s straight talker
Iceland managing director Richard Walker tells Retail Week how the grocer is juggling its rapid expansion of The Food Warehouse with its sustainability drive.
-
NewsSainsbury’s-Asda merger blocked for 10 years
The competition watchdog has blocked Sainsbury’s and Asda from joining forces for 10 years, rubbing salt into the wounds of their failed merger bid.
-
NewsOcado profits hit by Andover fire as sales climb
Ocado posted a fall in half-year profits due to costs associated with the fire at its Andover warehouse, but sales rose as boss Tim Steiner hailed “innovation” at the grocer.
-
NewsJack Wills owner canvasses buyer interest
Fashion retailer Jack Wills’ private equity owner BlueGem is soliciting interest in the business from potential buyers.
-
NewsDebenhams’ CVA opponent drops legal challenge
Property investment firm M&G Real Estate has withdrawn its court action against Debenhams’ CVA.
-
NewsMatalan warns on margins as discounting rises
Matalan has reported a rise in first-quarter sales and earnings but cautioned that price-cutting is taking a toll on margins.
-
NewsAgenda: Ocado, Superdry and Dunelm update the market
Retail Week looks ahead to the next seven days with updates from Ocado, Superdry and Dunelm on the agenda.
-
AnalysisAnalysis: How The Hut Group is supercharging its growth
The Hut Group has recorded another year of swelling sales and profits – Retail Week speaks to boss Matthew Moulding about how it has done it.
-
NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
-
NewsThe Hut Group sales and profits soar in ‘landmark year’
The Hut Group has posted an uplift in full-year sales and profits bolstered by international growth as the retailer scaled up investments across its brands and technology.
-
NewsThe Works profits dip as like-for-like sales rise
The Works reported a decline in its profit before tax, despite an increase in its like-for-like sales.
-
NewsTopps Tiles like for likes increase in third quarter
Topps Tiles has reported a rise in like-for-like sales in its third quarter and improved trading from the levels reported in the first half of the year.
-
NewsSainsbury’s sales fall in ‘tough’ first quarter
Sainsbury’s like-for-like sales fell by 1.6% in the first quarter, as the grocer struggled in what it described as a “tough market”.
-
NewsConsumers given ‘welcome break’ as shop prices fall
Shop prices fell last month for the first time since October last year in a sign of “fierce competition between retailers”, according to the BRC-Nielsen Shop Price Index.
-
NewsFortress closes in on £100m Majestic Wine deal
US private equity firm Fortress is closing in on a £100m deal to buy Majestic Wine – and has sounded out industry veteran Dan Jago to run the business.