All City & finance articles – Page 224
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NewsPrimark like-for-likes hit but UK market holds up
Primark’s global like-for-likes were hit by both warm and cold weather during its half year but the UK market generated increased comparative sales.
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NewsJD profits and sales soar as global expansion pays off
JD Sports’ profits and sales have rocketed over its full year as international deals generated a record period.
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NewsSelect to slash rents as CVA voted through
Select’s creditors have voted through a CVA designed to cut its rental costs and save 2,000 jobs.
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NewsBurberry names former Kingfisher boss as new chairman
Burberry has named former Kingfisher chief executive Gerry Murphy as chairman designate.
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NewsBunnings calls in consultants to boost UK business
Bunnings has drafted in consultants to advise its senior leadership team in the UK as the Australian DIY giant attempts to revive its British business.
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NewsKlépierre abandons bid for rival mall owner Hammerson
Klépierre has pulled the plug on its attempts to buy Hammerson – paving the way for the latter to complete its acquisition of rival Intu.
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NewsGame’s largest shareholder disposes of stake
Game’s largest shareholder has disposed of its entire stake in the business, leaving mogul Mike Ashley as the largest single influence on its board.
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NewsAgenda: Primark, JD Sports, Debenhams and Bonmarché
Retail Week looks ahead to the next seven days, with updates from Primark, JD Sports, Debenhams and Bonmarché on the agenda.
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NewsWill Carpetright’s CVA put it on a firmer footing?
Troubled Carpetright has today put forward a proposal to close nearly a quarter of its stores and renegotiate rents on a chunk of others through a CVA – a controversial restructuring tool.
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AnalysisAnalysis: Why Asos' rising capex will pay dividends
Asos has revealed another set of strong results and chief executive Nick Beighton was on bullish form.
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NewsToys R Us to close remaining UK stores this month
Toys R Us UK will pull down the shutters on its stores for the final time in less than a fortnight.
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NewsCarpetright to axe 90 stores under CVA plan
Carpetright plans to shutter more than 90 stores and slash rents at more than 100 other sites amid a “fundamental restructuring” of its property portfolio.
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News
Analysis: Tesco aims to 'unlock new growth' with Booker
For the first time in what feels like an eternity, a Tesco chief executive was able to present full-year results today without a cloud hanging over his head.
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OpinionClive Black: Tesco's Chas and Dave hit the right note
Tesco’s results represented another year of good, solid, sound, detailed progress by the business.
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NewsThe Works hires new CFO as it prepares for float
The Works has appointed Gavin Peck as its new chief financial officer as the value retailer reportedly gears up for a stock market float.
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NewsTesco's Lewis: We'll go after more Booker synergies
Tesco boss Dave Lewis insists the grocer is ready to “go after” more synergies following the completion of the Booker deal.
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OpinionOpinion: Challenge facing Mothercare's new, new boss
Mothercare, it is understood, is the latest retailer to be considering a CVA and could shut about a third of its 143 shops if it proceeds.
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NewsFrench Connection sells stake in Toast to aid recovery
French Connection has sold its stake in Toast in a bid to free up resources to aid its ongoing turnaround efforts.
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NewsNisa sales up as Palmer & Harvey demise swells numbers
Nisa’s sales rose over its fourth quarter as the stores it supplies swelled by more than 1,000 thanks to the collapse of Palmer & Harvey.
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NewsCard Factory full-year profits hit by cost headwinds
Card Factory’s bottom line took a knock in its last full year as increased sourcing and wage costs ate into profits.