All City & finance articles – Page 360
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NewsAmazon's operating loss spirals to £338m as it writes down smartphone costs
Amazon’s operating loss spiralled to $544m (£338m) for its third quarter after being hit by a write-down of costs associated with its smartphone.
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AnalysisIn the news: Asos's newly promoted chief operating officer Nick Beighton
It’s a sign of the closeness of Asos’s top directors, the chief executive and finance boss, that they are often referred to simply as the Nicks.
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NewsTesco’s Broadbent: ‘I didn’t have to go but it’s a matter of principle’
Tesco chairman Sir Richard Broadbent has emailed staff explaining his exit was evidence that “Tesco is fundamentally a company of principles”.
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NewsPets at Home posts sales rise as loyalty scheme draws customers
Pets at Home has posted first-half like-for-like sales growth of 4.2% as its loyalty scheme and vets’ practices performed well.
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NewsBreakfast briefing: Retail news on Amazon, Apple and H&M
Retail news round-up on October 24, 2014: Amazon posts third-quarter loss; Apple to open 15 stores in China; H&M celebrates 10 years of designer collaborations
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NewsKiddicare’s new owner WorldStores unveils revival plan for retailer
Kiddicare’s new owner, etail group Worldstores, has unveiled the retailer’s plan to grab shares in the embattled maternity sector.
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NewsDebenhams will not resort to knee-jerk discounting this Christmas, insists Sharp
Debenhams boss Michael Sharp insisted it would not resort to knee-jerk discounting over Christmas despite the unseasonably warm start to the season.
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AnalysisTesco chief Dave Lewis: 'My three priorities for rebuilding Tesco'
Tesco boss Dave Lewis faced the City for the first time today when he unveiled the retailer’s interims and conclusion into the accounting scandal.
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AnalysisVideo: Tesco boss Dave Lewis says accounting scandal was 'body blow'
Tesco boss Dave Lewis has said the accounting scandal was a “body blow” to the business and said the grocer needs to “re-energise”.
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NewsTesco chief says there was no personal financial gain in accounting scandal
Tesco’s new chief executive Dave Lewis has said there is no evidence of personal financial gain in the accounting scandal that has rocked the grocer.
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AnalysisTesco interim results: What the analysts say
Retail analysts give their views on Tesco’s first-half figures and prospects
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NewsDebenhams full-year profits tumble as January discounting dents margins
Debenhams has revealed a 20.6% slump in full-year group underlying pretax profits as deep January Sale promotions dented margins.
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OpinionBryan Roberts’ verdict: To win again Tesco must put shoppers before margin
Tesco would do very well to remember that market share should not be seen as an objective – it should be viewed as an outcome.
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NewsTesco discloses £263m profit overstatement as chairman prepares to step down
Tesco has confirmed it overstated profits by £263m as the Deloitte investigation found that there have been similar practices in previous reporting periods.
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OpinionComment: Tesco’s CEO must not lose focus on core business
Following Tesco’s accounting scandal chief executive Dave Lewis must not lose sight of the struggling retailer’s long-term strategy.
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NewsNew boss Sutherland vows to make SuperGroup a global success story
Euan Sutherland will focus on internationalisation at SuperGroup, which has denied that COO Susanne Given may feel snubbed by his appointment.
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NewsShoe Zone expects annual revenues to fall £20m as it relocates stores
Shoe Zone expects its revenues to drop by £20m year-on-year as it reshapes its store estate in order to have better-performing shops.
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NewsHomebase to close a quarter of its stores as boss Paul Loft exits
Homebase boss Paul Loft is stepping down as the retailer seeks to reduce its number of stores by a quarter after a strategic review by parent Home Retail.
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NewsRobertson: 'Asos still on track but zonal pricing is not a silver bullet'
Asos boss Nick Robertson insisted that it is still on track despite its profits fall but warned actions to lower prices overseas are not a silver bullet.
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AnalysisAsos full-year results: What the analysts say
What the City is saying about Asos following its preliminary results