All City & finance articles – Page 347
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NewsPrimark half-year profits up 11% despite flat like-for-likes
Value fashion giant Primark has revealed an 11% rise in half-year operating profits, despite reporting flat like-for-like sales.
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NewsCarpetright profits to beat forecasts as it turns around European business
Carpetright has revealed its full-year pre-tax profits will be ahead of expectations as its European operation enters the black.
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NewsHouse of Fraser full-year sales and profits up as online surges
House of Fraser has reported a rise in full-year sales and profits, helped by a strong performance from its online business.
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NewsShoe Zone warns on sales and profits as warm weather hits performance
Shoe Zone has warned that its full-year results will be “below market expectations” after warm autumn and winter seasons hit sales and profits.
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NewsPets at Home like-for-likes and revenues jump after focus on health
Pets at Home saw like-for-like sales jump 4.2% in its first year since floating on the stock exchange, driven by a focus on health and wellbeing.
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NewsAlibaba fined £86,450 for Single’s Day 2013 pricing issues
Alibaba has been fined 800,000 yuan (£86,450) over pricing issues during the etail giant’s Single’s Day promotional event
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NewsBenetton Group doubles compensation to victims of Rana Plaza disaster
The Benetton Group revealed it has doubled the compensation it has paid after it contributed $1.1m to the Rana Plaza Trust Fund.
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NewsThe Hut Group unveils full-year earnings up 50% as sales surge
The Hut Group has revealed record-breaking sales and profits as it invests in technology ahead of more website launches.
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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.