All City & finance articles – Page 278
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NewsFashion retailer Hobbs appoints new finance chief
Hobbs has appointed new chief financial officer Mehul Tank to replace its newly promoted omnichannel trading director Simon Luscombe.
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NewsBurberry first-quarter like-for-likes fall but digital offer grows
Burberry has reported a fall in first-quarter like-for-likes as it suffered declines in all markets, but hailed growth of its digital business.
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NewsPoundland board recommends Steinhoff offer as £597m takeover nears
Poundland and Steinhoff have agreed terms on a recommended cash offer for the value retailer as a £597m takeover nears completion.
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OpinionOpinion: Wet weather, currency slumps? Resilient retailers can handle it
As is often the case with our unpredictable British summer weather, June proved to be a bit of a washout on the high street.
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NewsHotel Chocolat sales climb as stock market debut gets off to “a good start”
Hotel Chocolat has unveiled a full-year sales increase “slightly ahead of market expectations”, driven by rising online sales.
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NewsAsos sales soar spurred by international growth and jump in customer numbers
Asos continued the strong run of sales in its third quarter driven by rising sales in the UK and abroad as well as soaring shopper numbers.
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NewsArcadia chairman rejects claim lack of governance led to BHS collapse
Lord Grabiner, the chairman of Arcadia, has rejected the idea a lack of corporate governance at Sir Philip Green’s retail empire led to the collapse of BHS.
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OpinionOpinion: What will Brexit really mean for the fortunes of retailers?
The EU referendum has created real uncertainty at a time when there were already significant challenges, notably from a cost perspective.
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NewsAustin Reed’s unsecured lenders to recover just 2% of investment
Collapsed heritage retailer Austin Reed’s unsecured lenders will receive just 2p for every £1 loaned, documents at Companies House show.
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NewsBritain’s top retail groups call for urgent cut in business rates
Britain’s leading retail industry groups have written to chancellor George Osborne, lobbying for a reduction in business rates.
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NewsBreakfast briefing: Retail news on Austin Reed, Amazon and more
Retail round-up: Austin Reed creditors to suffer big losses, Britain’s top retail groups demand rate cut, Amazon tests delivery drones
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AnalysisAnalysis: How well will Primark navigate a post-Brexit world?
When Primark reported its third-quarter results yesterday an impressive rise in sales distracted from a potentially bigger story.
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AnalysisAnalysis: Marinopoulos plunges Greek grocery market into deeper chaos
Marinopoulos, Greece’s largest supermarket chain and Carrefour franchisee, is teetering on the brink of bankruptcy risking 13,000 jobs
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NewsJohn Lewis boss warns post-Brexit sterling fall is "big issue"
John Lewis managing director Andy Street has said that the depreciation of the pound following Brexit could be a “big issue” for the retailer.
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NewsDebenhams' London flagship lease sold by British Land to private investor
British Land has sold Debenham’s Oxford Street store lease as part of a ‘strategic focus’, to a private investor following Brexit.
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NewsRetail Acquisitions planned to write off BHS debt in Sports Direct rescue deal
Retail Acquisitions planned to waive debt to BHS and keep a stake in the retailer as part of a proposed rescue deal with Sports Direct.
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NewsAgenda: SuperGroup full-years plus Asos, Halfords and Mothercare updates
Retail Week looks to next week with full-year results from SuperGroup, plus trading updates from Asos, Burberry, Halfords, Mothercare all on the agenda.
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AnalysisAnalysis: After Brexit, who will be retail's winners and losers?
Retailers across the UK have been left to ponder an uncertain future following the country’s shock vote to leave the European Union.
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AnalysisOpinion: Retailing after Brexit vote – why is the City so gloomy?
General retailer share prices have slumped since the Brexit vote – so why has the City moved so brutally to discount a UK recession?
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NewsM&S forced to re-publish quarterly results following 'clerical error'
Marks & Spencer has been forced to re-publish its first quarter results after incorrectly claiming that group sales had increased.