All City & finance articles – Page 231
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OpinionOpinion: Retail didn't get the bold Budget it needed
The last time I pondered something like this, I was watching a TED talk on artificial intelligence, wondering where the world is taking us.
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NewsQuiz profits advance in first results since float
Quiz, which made its stock market debut at the end of July with a £245m valuation, hailed “strong growth” across all channels in its first half.
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NewsScS bucks big-ticket blues with first-quarter sales rise
Sofa and carpet specialist SCS unveiled positive like-for-likes in its first quarter as it continues to sidestep the big-ticket slowdown caused by tough market conditions.
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NewsEx-Asda boss Clarke ‘surprised’ by Tesco-Booker verdict
Former Asda boss Andy Clarke admits he was ‘surprised’ by the competition watchdog’s decision to provisionally approve Tesco’s £3.7bn mega-merger with Booker.
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NewsSports Direct increases credit facility to £907m
Sports Direct has increased its credit facility to more than £900m to help fund founder Mike Ashley’s vision to become ‘the Selfridges of sport’.
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NewsAO.com losses widen as investment hits bottom line
AO.com has posted widening losses at the interim mark despite healthy sales rises across the UK and Europe.
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NewsCrew Clothing on cusp of sale to Exquisite Apparel
Crew Clothing is on the cusp of being sold to US-based clothing manufacturer Exquisite Apparel, Retail Week has learned.
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NewsDFS’ Sofology acquisition given green light by CMA
DFS has been given the go-ahead by the competition watchdog to complete its £25m acquisition of rival retailer Sofology.
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NewsBonmarché profits jump as turnaround bid builds momentum
Bonmarché has posted a spike in half-year profits and sales as boss Helen Connolly’s turnaround efforts began to bear fruit.
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NewsBrightHouse bondholders on cusp of restructuring deal
BrightHouse owner Vision Capital could be left with just a 3% stake in the retailer as part of a £220m restructuring of the embattled business.
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NewsAgenda: Bonmarché, AO, Kingfisher, Quiz, Mothercare, Majestic
Retail Week looks ahead to the next seven days, with updates from Bonmarché, AO, Kingfisher, Quiz, Mothercare and Majestic on the agenda.
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NewsFarfetch losses widen despite soaring sales
Farfetch’s losses have increased in its last financial year amid the business gearing up to prepare for a float.
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NewsTed Baker beats tough conditions with sales rise
Ted Baker has posted a third-quarter sales rise, despite tough trading conditions in some of its markets.
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NewsTesco-Booker merger plan blasted by leading shareholder
Tesco’s planned merger with wholesaler Booker has been attacked by one of the grocer’s top shareholders.
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NewsCard Factory sales rise but 'external' pressures bite
Card Factory said sales grew 6.7% in the nine months to October 31, but warned that it still faces pressure from slumped Sterling and rising wages.
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NewsGame full-year profits slide amid 'volatile' markets
Game has racked up full-year losses as the retailer battled with a ‘volatile’ UK gaming market and invested in its fledgling events and esports business.
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InterviewRetail Week Live: John Rogers on how to beat Amazon
Sainsbury’s pulled off the biggest retail acquisition of the year in 2016 when it snapped up Argos owner Home Retail Group in a £1.4bn deal.
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OpinionOpinion: As M&A activity slows, don’t forget the float
Despite the rush for retail consolidation sparked by Tesco’s move for wholesale titan Booker, 2017 has been a relatively slow year for mergers and acquisitions.
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NewsB&M profits soar as it ploughs on with store expansion
B&M has recorded a spike in interim sales and profits as boss Simon Arora said the retailer continued to “prosper in a challenging retail environment”.
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NewsIkea sales grow as it hits 30-year UK anniversary
Ikea’s UK sales rose as the Swedish furniture and homewares retailer marked 30 years in Britain.