All City & finance articles – Page 345
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CartoonBlower's retail cartoon: DFS valued at £585m ahead of float
Retail Week’s cartoonist Patrick Blower’s take on DFS being valued at £585m when it floats on the stock exchange next month.
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NewsConsumer confidence remains constant for February
Consumer confidence has remained at 1 for February, according to GfK’s UK Consumer Confidence Index, following a slip in December 2014.
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NewsInfographic: John Lewis reports strong sales, while Waitrose lags
Department store retailer John Lewis recorded an increase in sales in the week to February 21, with a strong performance from home and fashion.
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NewsBreakfast Briefing: Retail news on Tesco, B&Q and Carphone Warehouse
Retail news round-up on February 27, 2015: Tesco left with just one woman on the board, B&Q accused of pay-to-stay threats and Carphone Warehouse Ireland back in black
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NewsHouse of Fraser to ask suppliers for 20% discount on orders
House of Fraser is introducing a buying scheme that will seek discounts of up to 20% from suppliers if the retailer ups the size of wholesale orders.
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NewsCountrywide Farmers reports increase in half-year sales
Rural supplies retailer Countrywide Farmers recorded a like-for-like sales increase of 2.2% to £138.8m in the six months to November 30, 2014.
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NewsTK Maxx owner TJX profits rise 11% as it unveils plan to raise staff wages
TK Maxx owner TJX reported a rise in fourth-quarter profits as it revealed plans to raise its minimum wage to up to $10.
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AnalysisAo.com has issued a profit warning: what the analysts say
Ao.com has issued a profit warning as it predicts profits will be “slightly lower than anticipated”. Here’s the analysts’ view.
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NewsAnn Summers' sales surge following launch of Fifty Shades of Grey film
Ann Summers has witnessed a surge in sales as customers bought handcuffs and products featured in new film Fifty Shades of Grey.
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NewsAo.com boss downplays profit warning as 'bump' in the road
Ao.com chief John Roberts has described the retailer’s profit warning as a “bump” in the road and still expects 20% sales growth next year.
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NewsShop Direct makes head office job cuts as new technology renders roles redundant
Shop Direct has made head office redundancies after implementing new technology which has made some roles obsolete.
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NewsAo.com warns on profits after post-IPO publicity drops off
Ao.com has issued a profit warning after struggling to achieve expected revenue growth following a fall in publicity since its IPO.
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NewsMorrisons appoints former Tesco executive David Potts as new boss
Morrisons has appointed former Tesco executive David Potts to replace Dalton Philips, who left a month ago, as its new chief executive.
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NewsUSC owes creditors £15.2m following its administration
Creditors of Sports Direct-owned fashion retailer USC are owed a total of £15.2m according to a report issued by administrators.
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OpinionComment: Kingfisher boss Laury expected to confront overspaced estate
As new Kingfisher chief executive Véronique Laury prepares to post full-year figures in just over a month’s time, the pressure is on.
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AnalysisPoundstretcher revamps stores and strategy as it bids to gain market share
Retail Week speaks to Poundstretcher’s managing director Ian York about the discount retailer’s new strategy and expansion plans.
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NewsColes' profit growth dips again as it seeks to avoid mistakes of UK grocers
Australian grocer Coles’ first-half profit growth has halved to 7.1% compared to the same period two years ago as it seeks to avoid mistakes made by UK grocers.
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NewsDFS valued at £585m as it sets share price range ahead of float
DFS has set a price range of 245p to 310p per share, which will value it at around £585m when it floats on the stock exchange next month.
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NewsNew Look aims for £2bn floatation as it hires JP Morgan
New Look is planning a stock market flotation that could value the UK’s second largest fashion retailer at as much as £2bn.
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NewsPrimark expects 16% jump in half-year sales after European expansion
Half-year sales at fashion retailer Primark are expected to jump 16% at constant currency rates, driven by its European expansion.