All City & finance articles – Page 321
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NewsLloydsPharmacy owner Celesio reports 25% jump in profits
Celesio has recorded a 25% jump in first-quarter earnings, which were boosted by strong performances in the UK, Norway and Italy.
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NewsFindel reports 'solid' start to year as sales rise 1.9% in first quarter
Findel has reported a “solid” start to the year as total sales increased 1.9% in the 17 weeks to July 24.
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NewsBonmarché like-for-like decline slows 'despite inconsistent weather'
Bonmarché like-for-likes slipped 0.7% in the 13 weeks to June 27, an improvement on the fall of 3.3% recorded in the previous quarter.
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OpinionComment: Do the opposite of Amazon if you want to compete with it
All retailers should take note of Amazon’s symbolic eclipse of Walmart to become the world’s biggest retailer by market capitalisation.
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NewsPets at Home hit by 'poor' health sales after warm weather in July
Pets at Home’s like-for-like growth dropped dramatically after poor sales of health and hygiene products and “very hot weather” in July.
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OpinionRetailers should take heart from Next's second-quarter trading update
Fashion bellwether Next’s second-quarter update reminds bosses that despite external challenges there are opportunities for good retailers.
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AnalysisNext reports 3.5% increase in first-half sales: What the analysts say
Fashion bellwether Next beat forecasts for the first half of the year, thanks to the warm weather in July. This is what the analysts said.
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NewsMcColl's first-half profits rise despite 'very challenging' period
McColl’s has reported an improvement in first-half earnings despite a 1.9% slip in like-for-like sales.
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NewsNext raises full-year outlook after warm weather boosts first half
Next has reported a better-than-expected 3.5% rise in overall first-half sales as warm weather boosted performance.
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OpinionComment: The real picture of retail is not as rosy as it looks
The retail industry has never been so focused on price, and as interest rates rise it will force businesses to be more dynamic.
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NewsInfographic: Waitrose reveals end-of-term gifts for teachers boost sales
Waitrose has attributed soaring sales of gift wrapping paper last week to school pupils and parents buying presents for their teachers.
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NewsAmazon posts surprise profit and reveals new UK fashion push
Amazon has reported a surprise second-quarter profit after its sales jumped 20% boosted by a strong US performance.
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VideoWatch: Made.com boss on investing aggressively to build its brand
Made.com founder and chief executive Ning Li tells Retail Week about its £38m funding round and the future of furniture online.
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NewsKingfisher like-for-likes driven by B&Q and Screwfix: What the analysts say
DIY giant Kingfisher reported a 3.5% rise in second-quarter like-for-likes, driven by sales at B&Q and Screwfix. This is what the analysts said.
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NewsSainsbury's issues £250m of convertible bonds to plug pension hole
Supermarket giant Sainsbury’s is issuing £250m of convertible bonds in a bid to fill a deficit in its pension fund.
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NewsMothercare first quarter in line with expectations despite momentum slowing
Mothercare’s trading momentum has stalled in the first quarter but the retailer insisted its performance was in line with expectations.
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NewsKingfisher like-for-like growth picks up in second quarter
DIY giant Kingfisher has reported group like-for-likes up 3.5% in the 10 weeks to July 11, driven by strong performances at B&Q and Screwfix.
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NewsWhite Stuff sales and profits rise as online momentum continues
White Stuff has hailed “another year of strong performance” after its online channel and international business drove up sales and profits.
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NewsPaperchase owner rules out sale after turning down 'several offers'
Paperchase’s owner has ruled out a sale after turning down “several offers” for the business as its profits surge.
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OpinionMarks & Spencer succession: Who should follow Marc Bolland in the top role?
The departure of M&S general merchandise boss John Dixon set hares running about succession at retail’s closest equivalent to royalty.