All City & finance articles – Page 343
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NewsNew Look in talks with Chinese investors as it eyes sale over flotation
New Look has entered talks with Chinese investors as it leans towards a sale rather than a stock market flotation.
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NewsTesco expected to unveil £5bn loss as property writedown hits home
Tesco is expected to unveil a loss of up to £5bn, the worst results in its history, on Wednesday at its full-year results.
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NewsCoast boss takes back creative reins after management restructure
Coast chief executive Kate Bostock will take on more of a creative role following the appointment of managing director Andrew Skinner.
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NewsEtsy shares soar 88% on first day of trading on stock market
Etsy made its stock market debut yesterday, with shares in the online marketplace closing at $30 (£20), an 88% increase on its IPO.
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VideoThe Retail Week: WHSmith results, the grocery market recovery and Tesco
Join our content editor Nicola Harrison and managing editor Jennifer Creevy, as they pick through the week’s main news stories.
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AnalysisDebenhams: Five ways it refocused promotions to boost profits
Debenhams’ refocused promotional strategy has paid off, leading to a 4.3% rise in profits. So how has the department store group changed its ways?
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OpinionComment: Retailers should take heart from the signs of sustainable recovery
Consumers are still on the rocky road to economic stability, but there are signs of a long-term, sustainable recovery on the horizon.
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AnalysisDebenhams half-year figures: What the analysts say
Debenhams’ pre-tax profits rose 4.3% to £88.9m in its half year to February. We take a look at the City’s reaction to the results.
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NewsWHSmith profits up 4% but high street sales continue to slip
WHSmith said group pre-tax profit increased 4% to £73m in its half-year but the retailer’s group sales continued to drop.
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NewsDebenhams half-year profits rise 4.3% as it retunes promotional strategy
Debenhams half-year profits have risen 4.3% to £88.9m as the department store group’s refocused promotional strategy paid off.
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NewsLiberal Democrats commit to reforming business rates in manifesto
The Liberal Democrats have said the party remains committed to reforming business rates if voted into government next month.
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NewsJD Sports profits surge: What the analysts say
JD Sports profits surged 22% during the year on the back of the strong performance at its sports fashion division. This is what the analyst say.
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NewsJD Sports success driven by health-conscious consumers, says boss Cowgill
JD Sports boss Peter Cowgill said the retailer’s recent success can be attributed to an increase in health-conscious consumers.
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NewsForget the living wage, Government must tackle welfare issues, says BRC
Retailers have urged MPs to tackle issues such as childcare and benefits to help low earners, rather than focusing on “blunt instruments” such as the living wage.
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NewsBurberry sales increase driven by EMEIA and Americas operations
Burberry has recorded a jump in retail sales during its second half on the back of robust growth in its EMEIA and Americas markets.
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NewsFormer SuperGroup finance chief’s bankruptcy annulled by courts
SuperGroup’s former chief financial officer Shaun Wills, who left the company after being declared bankrupt, has had the ruling annulled by the courts.
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NewsJD Sports profits climb 22% as products 'enthuse and excite' shoppers
JD Sports Fashion pre-tax profit before exceptional items has broken through the £100m barrier for the first time.
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NewsPhones 4U creditors to receive one fifth of money owed following collapse
Phones 4U bondholders will receive between 20p and 24p in the pound of the money they are owed following the retailer’s administration.
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NewsPoundland may ask for more time to respond to 99p Stores takeover concerns
Poundland is poised to ask for more time to respond to the competition authority’s concerns about its 99p Stores takeover.
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NewsMaplin records strongest growth since 2008 after focus on product and service
Maplin full year like-for-likes increased 4.3%, the electronic retailer’s strongest growth in seven years.