All City & finance articles – Page 293
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NewsAo.com posts better-than-expected performance in fourth quarter
Electricals etailer Ao.com has reported a better-than-anticipated fourth-quarter performance, with revenue and earnings ahead of expectations.
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NewsBudgens and Londis performance helps parent Booker post sales rise
Booker, the food retailer and wholesaler, has posted a rise in sales helped by last year’s acquisition of Budgens and Londis.
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NewsMetro Group to split into two businesses in a bid to 'accelerate growth'
German retail giant Metro has unveiled plans to split into two businesses in a bid to “accelerate growth” and increase its customer focus.
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NewsSports Direct raises stake in Findel to close to 30%
Sports Direct has upped its stake in Findel to nearly 30% – close to the point at which it would have to table a formal bid.
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NewsFoyles back in the black as sales edge up and costs are cut
Bookseller Foyles has revealed a return to full-year profit as cost controls and an increase in sales boosted its bottom line.
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OpinionOpinion: M&S’s new boss Rowe should blend old and new to build appeal
When Steve Rowe arrives at Marks & Spencer’s Paddington Basin headquarters next Monday he will do so for the first time as chief executive.
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NewsBHS to sell Oxford Street lease to Abu Dhabi landlord
BHS is to sell its Oxford Street flagship lease to the landlord, Abu Dhabi’s ruling family, as part of its plans to restructure.
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NewsNotonthehighstreet in talks to raise £25m in new shares
Notonthehighstreet.com is raising capital to accelerate its growth and take it closer to the prized $1bn (£700m) price mark milestone.
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OpinionOpinion: Should retailers fear the economic impact of a Brexit?
With less than 100 days until the EU referendum, concerns about the impact on the UK economy, and retailers in particular, are running high.
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VideoThe Retail Week: Next warning on economy, BHS's CVA and Sports Direct
Next unveils its full-year results and looks ahead to 2016 among the other biggest stories in The Retail Week on March 24.
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AnalysisOpinion: How much will Mike Ashley's own goal cost Sports Direct?
Will Mike Ashley be chewing on an Easter egg this weekend reflecting on whether he should have kept his mouth shut just days earlier?
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AnalysisNext anticipates tough year despite rising profits: What the analysts say
Next has reported a 5% uplift in full-year profits but boss Lord Wolfson warned of a negative outlook. Here’s what the analysts say.
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AnalysisOnline retail sales rocket but January discounts stifle fashion
Online retail sales by value jumped 12.3% last month while overall retail sales increased 1.4%, latest figures from the ONS show.
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NewsFindel hails ‘improvement in sales performance’ months after profit warning
Findel has hailed “an improvement” in sales performance, just two months after it warned on profits following a tough third quarter.
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NewsNext profits rise but boss Lord Wolfson warns of 'toughest' year since 2008
Next has posted a 5% uplift in full-year profits but boss Lord Wolfson warned that this year could be the retailer’s “toughest” since 2008.
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OpinionBHS chief executive Darren Topp: After the CVA, the hard work really starts
BHS has won creditor support for its turnaround plans, but it’s only starting on the road to recovery boss Darren Topp tells George MacDonald.
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NewsGame boss Gibbs expects 'pain' of console upgrade to subside within a year
Game boss Martyn Gibbs has insisted the “pain” of customers crossing over to newer consoles will subside within the coming year.
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AnalysisWatch: What now for BHS after its positive CVA vote result?
As 95% of its creditors vote BHS’s CVA through, what steps must Darren Topp take next to ensure success for the retailer?
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NewsKingfisher profits fall as Screwfix sales jump: what the analysts say
Kingfisher full-year profits fell 20.5% but like-for-like sales rose for B&Q and Screwfix. Here’s a look at what the analysts said.
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NewsBHS survives as 95% of creditors vote in favour of pivotal CVA
BHS has been given the green light to proceed with a CVA after 95% of creditors voted in favour of the proposals at the first of two crucial meetings.