All City & finance articles – Page 316
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Analysis
M&Co boss Iain McGeoch steps down after more than 50 years at the helm
Scottish fashion tycoon Iain McGeoch has stepped down as chairman and chief executive of M&Co after more than 50 years at the helm.
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Video
The Retail Week: Kingfisher's top team, a new-look BHS and River Island
Catch up on this week’s big retail stories with analysis from executive editor George MacDonald and senior reporter Matthew Chapman.
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Analysis
River Island reveals 70% profit surge as it expands into South America
River Island has revealed a 69.4% surge in full-year pre-tax profits as the fashion retailer unveils its first stores in South America.
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News
Hobbycraft profits rise after laying foundations for growth
Arts and crafts retailer Hobbycraft has revealed full-year profits and sales growth as its business transformation plan pays off.
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NewsJD Sports Fashion reveals 82% jump in half-year profits
JD Sports Fashion has reported an 82% leap in half-year profits as its flagship sports facscia continues to perform strongly.
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NewsH&M hit by warm August but third-quarter sales up 11%
H&M revealed slowing sales growth in August, blaming “unseasonably warm weather”, but third-quarter sales soared 11%.
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NewsCard Factory founder Dean Hoyle invests in The Works and appointed chairman
Card Factory founder Dean Hoyle has made a ‘sizeable’ investment in discounter The Works and will become its chairman.
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NewsClothing prices help peg UK inflation rate back to 0%
The UK inflation rate fell back to 0% in August, down from 0.1% the previous month, largely due to a smaller rise in clothing prices.
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OpinionMorrisons is being deserted by investors but Potts could rekindle success
So far, the market hasn’t taken much to Morrisons’ newish chief executive David Potts’ ideas about turning around the grocer.
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NewsOcado third-quarter sales climb 15.3% despite 'tough market'
Online grocer Ocado reported retail sales increased 15.3% to £252m in its third quarter as its sales and orders increased.
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NewsKingfisher profits slip as 'strong' UK earnings offset by currency volatility
B&Q owner Kingfisher’s adjusted pre-tax profit slipped 2.3% in its first half as “strong” UK profit earnings were offset by currency volatility.
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NewsBooker Group completes £40m acquisition of Londis and Budgens
Booker Group has completed its £40m acquisition of Musgrave Retail Partners GB, owner of convenience stores Londis and Budgens.
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NewsPoundworld pre-tax profits rebound strongly following 'landmark year'
Poundworld has recorded a surge in full-year profits after they were hit in the previous two years by a large-scale investment programme.
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NewsThe Works' profits and sales surge as transformation plan takes root
Discount retailer The Works has revealed a surge in profits and sales on the back of an overhaul of its stores and multichannel offer.
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NewsBHS secures £65m loan from Grovepoint Capital to fund turnaround
BHS has secured a £65m loan from investment group Grovepoint Capital as the retailer’s new owners seek to turnaround the business.
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VideoThe Retail Week: The big themes from retail's 'Super Thursday' results day
Catch up on this week’s big retail stories with analysis from executive editor George MacDonald and content editor Nicola Harrison.
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OpinionNick Bubb's verdict: Getting excited about wage rates and debtor levels?
Following Next’s half-year results, many retail bosses would be energised by the subjects of retail wage rates and credit account trends.
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AnalysisMorrisons’ turnaround strategy: David Potts’ six-point plan
Morrisons first-half results revealed a devastating 35% slump in profits, but chief executive David Potts today outlined a turnaround plan.
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NewsNext boss Lord Wolfson confident customers can afford price hikes
Next boss Lord Wolfson has defended plans to increase its prices due to the Government’s living wage, saying “the maths is very compelling”.
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NewsMorrisons likely to jettison Match & More loyalty scheme
Morrisons chief executive David Potts has strongly hinted that the grocer’s Match & More loyalty scheme will be dropped.