All City & finance articles – Page 196
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NewsCarpetright ‘heavily impacted’ by CVA ‘disruption’
Carpetright has admitted that trading in the first half of its financial year has been “heavily impacted by disruption” from its CVA plan.
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NewsConsumer confidence falls further in October
Consumer confidence faltered this month as shoppers concerns about their personal finances and the economy in the year ahead fell.
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NewsNext sales decline accelerates in third quarter
Next has recorded a drop in its overall third-quarter sales despite full-price and online revenue both rising.
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AnalysisRetail's credit crisis: does cut cover lead to collapse?
Retail is facing a credit crisis. In recent months trade credit insurers have pulled or reduced cover on some of the biggest businesses on the high street.
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OpinionOpinion: ‘Fiscal Phil’ hasn’t rescued consumer confidence
Cheers of delight reverberated around the House of Commons as self-proclaimed ‘Fiscal Phil’ announced the “era of austerity coming to an end”.
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NewsThe Budget: Hammond reveals £400m tax on tech giants
The Chancellor has taken aim at online giants and offered financial support to Britain’s struggling high streets as part of today’s Budget.
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NewsPaperchase profits fall against 'tough' backdrop
Paperchase’s profits declined by half in its full-year results as it increased its online and international sales.
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NewsAgenda: The Budget, Next and consumer confidence
Retail Week looks ahead to the next seven days with the Budget, a Next trading statement and the latest consumer confidence data all on the agenda.
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NewsAmazon third quarter profits rocket as sales surge
Amazon has posted a surge in third quarter profits but delivered a muted festive sales forecast.
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AnalysisAnalysis: Can battered Debenhams be turned around?
In last year’s annual report, Debenhams chief executive Sergio Bucher wrote: “We have built a plan that is good for our customers, good for our colleagues and, therefore, good for our shareholders.”
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AnalysisDebenhams results: Bold strategy or desperate measures?
Debenhams has posted its biggest statutory loss on record and revealed plans to close 50 stores. Here are the City’s divided reactions to the results.
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OpinionOpinion: Debenhams needs more drastic changes – and fast
Debenhams today announced the worst annual results in its 240-year history, with a staggering £491.5m loss.
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NewsDebenhams suffers biggest ever loss, plans 50 closures
Debenhams has slumped to its biggest ever statutory loss and revealed it is to accelerate store closures in a bid to transform its fortunes.
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NewsSchuh profits slip after ‘lacklustre’ Christmas
Schuh has suffered a drop in full-year profits after it slashed prices to compete in what it called an “overtly promotional retail environment”.
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NewsDr Martens kicks up full-year profits as sales surge
Dr Martens has posted a stomping set of full-year results spurred by strong sales in what chief executive Kenny Wilson heralded as a “fantastic year”.
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NewsHome Bargains profits soar as sales surpass £2bn
Home Bargains has recorded a spike in full-year profits as it plots an aggressive store expansion drive.
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NewsAgenda: Debenhams and Travis Perkins update the market
Retail Week looks ahead to the next seven days with updates from Debenhams and Travis Perkins on the agenda.
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NewsIntu mulls potential bid from Whittaker-led consortium
Property giant Intu is considering a preliminary takeover offer from a consortium formed by Saudi Arabian and Canadian investors and led by John Whittaker.
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NewsOasis and Warehouse dealt credit insurance blow
Oasis and Warehouse have suffered a fresh blow after a clutch of credit insurers stopped offering cover to their suppliers.
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News
Asos profits soar as customer numbers rise
Asos has reported a 28% increase in full-year profits to £102m in “a year of substantial progress”.