All City & finance articles – Page 320
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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.
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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.
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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.
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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.
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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”.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.