All City & finance articles – Page 378
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NewsSports Direct's Mike Ashley withdraws from new bonus scheme
Sports Direct owner Mike Ashley has withdrawn from the Bonus Share Scheme this month, following pressure from the City.
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OpinionComment: A retail finance director’s remit goes beyond numbers
Marks and Spencer and Tesco demonstrate that the role of the modern CFO does not stop at finance but extends into every aspect of retail.
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OpinionComment: Aldi and Lidl’s discounting is no new phenomenon
The fervour surrounding Aldi and Lidl’s discounting belies the longstanding tradition of discounters in the UK retail market.
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OpinionComment: Destination Maternity’s woes rule out a deal with Mothercare
The topsy-turvy logic of Destination Maternity’s interest in merging with Mothercare was laid bare by the US retailer’s latest update.
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NewsBreakfast briefing: Retail news on June retail sales figures and Iceland Foods
Retail news round-up on July 15, 2014: UK retail spending up 0.6% in June and Iceland Foods completes £950m debt refinancing deal.
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NewsConviviality posts surging full-year profits as it eyes 'strong' future growth
Bargain Booze owner Conviviality Retail has posted surging full-year profits despite a fall in sales due to store closures.
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NewsHalfords unfazed by Froome and Cavendish exiting Tour de France
Halfords boss Matt Davies does not believe Chris Froome and Mark Cavendish crashing out of the Tour de France will damage sales.
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AnalysisIn the news: Tesco's new finance boss Alan Stewart
The departure of Marks & Spencer finance supremo Alan Stewart looks as if it came as unpleasant surprise to the food and fashion giant.
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AnalysisSuperGroup's full-year results: What the analysts say
SuperGroup has posted full-year pre-tax profits up 18.8% to £62m. Retail Week takes a look at what the analysts say about the fashion retailer.
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NewsMarks & Spencer chief finance officer Alan Stewart to join Tesco
Marks & Spencer chief finance officer Alan Stewart is stepping down from the retailer to join Tesco.
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OpinionComment: M&S fall in online sales highlights the risks of replatforming
The hostile reaction to M&S’s disclosure of an 8% decline in online sales, following the launch of its new website, is a timely reminder of the risks involved in major replatforming programmes.
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NewsBurberry warns foreign exchange rates could hit profits
Luxury brand Burberry has warned that volatile exchange rates could hit full year profits as it revealed a quarterly sales rise.
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NewsHalfords sales up 7.9% as Tour de France gives cycling a boost
Halfords revealed group revenue increased 7.9% in its first quarter as cycling sales were boosted by interest in the Tour de France.
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NewsPrimark sales rise 22% in third quarter as new stores boost growth
Primark posted a 22% sales surge in its third quarter to June 21, driven by new stores and like-for-like growth.
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NewsSuperGroup records 'solid' full-year performance as it eyes European expansion
SuperGroup delivered a “solid” full-year performance and plans to drive further growth through European expansion.
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NewsMothercare appoints Mark Newton-Jones as permanent chief executive
Mothercare has appointed interim boss Mark Newton-Jones as its permanent chief executive.
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NewsHMV reveals UK sales of £470m in first year out of administration
HMV has reported UK sales of $804m (£470m) in its first full year since being bought out of administration.
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OpinionComment: Retailers underwhelmed by ‘business-friendly’ government
Last week Labour wheeled out its creaky ‘business-friendly’ bandwagon ahead of next year’s election campaign.
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NewsBreakfast briefing: Retail news on Kiddicare, Sunday trading and Mothercare
Retail news round-up on July 10, 2014: Sainsbury’s unsupportive of relaxing Sunday trading rules, Endless close to buying Kiddicare
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OpinionComment: Sainsbury’s Justin King succeeded by listening to customers
Sainsbury’s CEO Justin King was able to rekindle the retailer’s core values by putting customers back at the heart of company strategy.