All City & finance articles – Page 317
-
NewsHome Retail boss Walden 'optimistic' this Black Friday will be less disruptive
Home Retail boss John Walden is “optimistic” Black Friday will be less disruptive than last year as the group gears up for Christmas.
-
NewsDixons Carphone starts new financial year in style as sales climb
Mobile phones and electricals powerhouse Dixons Carphone has posted a strong first-quarter performance, driven by its core UK and Ireland arm.
-
NewsDunelm reports profits rise and sets out growth ambitions
Homewares group Dunelm has posted a rise in full-year profits after a strategic overhaul and is in “better shape than ever” to grow.
-
NewsArgos like-for-likes fall 2.8% in second quarter as electricals demand wanes
Argos like-for-likes fell 2.8% in the second quarter as demand for electricals fell amid “weaker overall market conditions”.
-
NewsNext warns on living wage impact as first-half profits climb
Next has reported a 7.1% rise in first-half profits, but warned that the Government’s new living wage will cost the business £27m a year and force up its prices.
-
NewsMorrisons reveals 35% drop in first-half profits and plans to close stores
Supermarket giant Morrisons has revealed a 35% drop in pre-tax profits over its first half and plans to close 11 more stores, with up to 900 jobs under threat.
-
NewsSports Direct faces down shareholder rebellion as directors backed at AGM
Sports Direct has weathered a rebellion by shareholders as all its senior directors were backed in a vote at today’s AGM.
-
NewsThe Entertainer accelerates store roll-out as profits and sales surge
The Entertainer is upping its store expansion plans after full-year sales and profits rocketed in a gangbuster year for toys.
-
VideoWatch: What are the reasons for the rise in food sales and will it last?
Senior analyst, European food retail at Bernstein, Bruno Monteyne discusses the findings from the BRC’s most recent retail sales report.
-
AnalysisHow Conviviality Retail's £200m acquisition will shake up the drinks sector
Conviviality Retail’s acquisition of drinks distributor Matthew Clark has given it enormous buying power that could seriously disrupt the drinks retailing sector.
-
NewsSports Direct maintains full-year guidance ahead of AGM showdown
Sports Direct has revealed its summer trading was “in line with expectations” and has maintained its revised full-year profits target.
-
NewsLaura Ashley like-for-likes up 7% in first half but profits slip
Home and fashion retailer Laura Ashley has reported a slip in profits but a strong increase in like-for-likes in its first half.
-
OpinionOpinion: Why pricing by spreadsheet is a risky business
All retailers, no matter their size, need the ability to quickly and efficiently manage and execute accurate prices to drive profit.
-
NewsMike Ashley faces revolt from Sports Direct investor over his re-election
The re-election of Sports Direct founder Mike Ashley as the retailer’s executive deputy chairman will be voted against by Royal London Asset Management.
-
NewsPrimark sales to jump 13% on back of aggressive store expansion
Primark expects sales to jump 13% for the year after a significant store expansion, while like-for-likes were impacted by the warm autumn.
-
AnalysisIn the news: Departing Karen Millen chief executive Mike Shearwood
Qualified optician Mike Shearwood finds himself looking at retail through a new lens today, following his shock exit from the fashion specialist.
-
NewsMulberry group finance director Roger Mather resigns
Mulberry group finance director Roger Mather has resigned after eight years with the luxury brand.
-
NewsBeaverbrooks full-year sales boosted by luxury watch demand
Beaverbrooks has reported a return to the black, thanks to an upturn in demand for luxury watches and a continued revamp of its store estate.
-
NewsCo-op swings to half-year profit but warns investment will hit full-year figures
The Co-operative Group has swung into the black after posting a pre-tax profit of £36m, driven by its core food convenience business.
-
NewsMcColl's reveals 2.3% slip in Q3 like-for-likes in 'challenging' market
McColl’s has reported a 2.3% fall in third-quarter like-for-likes but its boss insists it was “solid progress” in what remains a tough market.