All City & finance articles – Page 211
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NewsHouse of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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NewsNext sales boosted by ‘exceptionally warm weather’
Next has posted an increase in second-quarter sales, buoyed by a “prolonged period of exceptionally warm weather” throughout June and July.
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NewsConsumer confidence dips despite warm weather
Consumer confidence dropped one point in July as shoppers’ concerns about their personal finances overshadowed the heatwave and World Cup.
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NewsWickes profits decline in 'challenging' first half
Wickes’ parent company Travis Perkins is launching a “significant cost reduction programme” at the DIY retailer after recording a slump in interim profits.
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NewsMike Ashley in discussions for £50m HoF rescue bid
Sports Direct founder Mike Ashley is reportedly in talks with House of Fraser’s advisers to offer a £50m lifeline to the struggling department store chain.
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NewsThe Hut Group secures $1bn banking facility
The Hut Group’s banking facility has surpassed the $1bn mark for the first time, with additional funds earmarked for US and European expansion.
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NewsWyevale sells eight stores to Blue Diamond
Wyevale Garden Centres has sold eight branches to peer Blue Diamond.
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NewsHoF £70m cash injection delayed by legal action
House of Fraser’s slated £70m investment from C.banner has been delayed due to the legal challenge brought against the retailer by landlords following its CVA.
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NewsAmazon posts record profit growth as sales soar
Amazon has reported a 12-fold increase in its second-quarter profits driven by demand for Amazon Web Services and increased online sales.
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NewsIntu hit by falling retail property values
Shopping centre group Intu reported that weak sentiment towards the retail property market has led to a decline in value of its properties of £650.4m – a 6% fall.
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NewsJoules profits spike spurred by international sales
Joules has continued to defy the fashion doldrums with another set of full-year results that boast strong profit and sales growth.
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NewsEvans Cycles narrows losses as sales edge up
Evans Cycles has reported reduced losses at the full-year mark as the retailer pumped up sales through rising demand for e-bikes.
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NewsHouse of Fraser landlords launch legal challenge to CVA
Landlords have lodged a legal challenge in a bid to overturn House of Fraser’s company voluntary arrangement (CVA).
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NewsAgenda: Joules, McColl's, Hammerson, grocery data
Retail Week looks ahead to the next seven days, with updates from Joules, McColl’s, property giant Hammerson and Kantar-Nielsen all coming up.
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AnalysisCan Sports Direct’s new stores elevate profits?
Sports Direct posted a healthy rise in underlying earnings in its preliminary results, which the retailer largely attributed to its next-generation store portfolio.
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NewsAo.com sales up but weaker demand hits June performance
Electricals retailer Ao.com’s UK sales jumped 8% in its first quarter but sales in June slowed due to weaker consumer demand.
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NewsSports Direct takes £85m hit on Debenhams stake
Sports Direct full-year profits plunged as it took a £85.4m hit on its near-30% Debenhams stake over the year.
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsJohn Lewis sales slump due to hot weather and World Cup
John Lewis recorded a drop in its weekly sales as strong sales of summer products failed to offset declines in its home division.