All City & finance articles – Page 298
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NewsSainsbury's to seek extension from Takeover Panel in Home Retail bid
Sainsbury’s is poised to ask for an extension to tomorrow’s cutoff to make a bid for Home Retail Group, following Steinhoff’s rival offer.
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AnalysisPrimark trading picks up following tough Christmas: What the analysts say
Primark sales are expected to grow by 4% in the first half with stabilised like-for-likes, ABF has reported. Here’s the City’s reaction.
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OpinionOpinion: Argos bid interest shows the retailer still remains relevant
Steinhoff’s bid to acquire Argos demonstrates the strength of the general merchandise retailer, despite its recent trading troubles.
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DataData: Retail share price index – February 19, 2016
February 19, 2016: This week’s data on the biggest risers and fallers plus a comprehensive list of share price results in the retail sector.
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NewsNordstrom fourth-quarter profits dented following heavy discounting
Nordstrom has suffered a steep drop in fourth-quarter profits after heavy discounting took its toll on the US retailer’s bottom line.
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AnalysisAnalysis: Walmart's US momentum can be replicated overseas
Walmart described its fourth quarter performance as “solid”, reflecting its momentum in the US, while overseas provided more of a headache.
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AnalysisSteinhoff joins Sainsbury's in race for Argos: What the analysts say
Steinhoff has made a cash bid to rival Sainsbury’s efforts to acquire Argos owner Home Retail Group. This is what the analysts said.
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OpinionOpinion: Why 2016 will be a make-or-break year for Andy Clarke at Asda
Given that Asda was about to unveil the worst quarterly sales performance in its history, boss Andy Clarke was remarkably positive.
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NewsJoules looks poised for £150m stock market listing this spring
Joules, the fashion retailer famous for its colourful clothes, is eyeing an IPO that could value the business at about £150m.
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NewsPrimark rebounds after tough Christmas as sales increase
Sales at value giant Primark are expected to be 7.5% up on last year in the first half, despite a challenging Christmas.
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NewsSainsbury’s chiefs consider options over bid for Argos
Sainsbury’s bosses led by chief executive Mike Coupe are considering how to proceed ahead of a deadline tomorrow to table an offer for Argos.
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NewsSteinhoff joins battle with Sainsbury's for control of Argos with £1.4bn offer
South African retailer Steinhoff has thrown its hat into the ring for control of Argos after making a higher offer for the business than is on the table from rival suitor Sainsbury’s.
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VideoThe Retail Week: Asda fourth-quarter results and Morrisons clashes with Aldi
The Retail Week team is joined by TCC Global analyst Bryan Roberts to discuss the top stories from across the industry this week.
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VideoWatch: Asda boss Andy Clarke on 'disappointing' fourth-quarter sales
Asda boss Andy Clarke talks fourth-quarter sales, its tie-up with Decathlon and what the grocer has in common with the England rugby team.
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NewsAsda boss Clarke: Tesco's Christmas recovery 'surprised us all'
Asda boss Andy Clarke has blamed the embattled grocer’s fourth quarter sales slump on a Tesco recovery, which he admitted “surprised us all”.
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NewsAsda reports 5.8% slump in fourth-quarter like-for-likes
Asda has posted a 5.8% drop in fourth-quarter like-for-likes as the Walmart-owned chain remains under pressure amid the grocery price war.
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NewsCity speculates that Tesco takeover of Morrisons could be on the cards
There has been City speculation that grocery market leader Tesco could be eyeing a bid for rival Morrisons.
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NewsAt a glance: SocialNAT, the online eSports platform acquired by Game
Game has acquired Spanish online eSports platform SocialNAT. Retail Week takes a closer look at the retailer’s latest investment.
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NewsBHS secures new £10m loan from Gordon Brothers to roll out food business
BHS owner Retail Acquisitions has secured a loan from an American restructuring company in a bid to grow its food business.
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NewsBrantano: A list of the 57 stores that remain on the market
Alteri has bought the majority of footwear business Brantano out of administration, but more than 50 of its stores remain on the market.