All City & finance articles – Page 379
-
NewsMulberry full-year profits plummet 46% and current trading nosedives
Handbag retailer Mulberry’s pre-tax profits crashed 46% to £14m in its full year and like-for-likes nosedived 15% in recent weeks.
-
NewsArgos and Homebase like-for-likes rise in first quarter
Argos’s like-for-likes rose 4.9% in its first quarter, driven by seasonal product sales and continued growth in electricals.
-
NewsBoohoo full-year profits rocket but currency headwinds hit overseas sales
Boohoo’s pre-tax profit rocketed from £3.2m to £10.7m in its year to February 28 but trading was hit by currency headwinds overseas.
-
NewsPets at Home EBITDA rises as it becomes UK’s largest vet
Newly floated Pets At Home’s underlying EBITDA jumped 12.4% to £110.7m over the year as it became the UK’s largest vet.
-
NewsSainsbury's departing boss Justin King insists he is not leaving on a low
Sainsbury’s departing chief executive Justin King insisted he is not leaving on a low despite the grocer reporting a 1.1% fall in like-for-like sales excluding petrol in its first quarter.
-
AnalysisSainsbury’s first-quarter like-for-like drop: what the analysts say
The squeeze on grocers was underlined by Sainsbury’s this morning. Retail Week takes a look at what the analysts are saying.
-
NewsSainsbury's reports like-for-like sales down 1.1% as King's exit nears
Sainsbury’s has reported like-for-like sales for its first quarter down 1.1% excluding petrol, in what chief executive Justin King said has been the slowest industry growth in a decade.
-
NewsNext product guru Christos Angelides to exit the business
Next product guru Christos Angelides is leaving the fashion business in September to join a US retailer.
-
NewsCity raises Ted Baker profit forecasts after bumper quarterly performance
Analysts have increased full-year pre-tax profit forecasts for Ted Baker by up to 1.5% after a bumper first quarter performance.
-
OpinionComment: Asos has bounced back before and it will rise once again
“When your back’s to the wall, entrepreneurial spirit kicks in”.
-
OpinionComment: Morrisons – Sir Ken's AGM intervention harmed his own interests
Sir Ken Morrison needs to read How to win friends and influence people.
-
NewsDFS boss vows to invest heavily in stores as third-quarter EBITDA improves
DFS boss Ian Filby vowed that stores would be “heavily invested in” over the next few years as EBITDA and sales improved in its third quarter.
-
NewsTed Baker reports 17.9% uplift in group sales
Ted Baker has reported a 17.9% increase in group sales for the 19-week period to June 7.
-
NewsSports Direct unveils plans for new bonus scheme to reward founder Mike Ashley
Sports Direct has scheduled a shareholder meeting to try to win backing for a new bonus scheme to reward founder Mike Ashley.
-
NewsEntertainment specialist Game confirms £340m IPO
Game has set the offer price of its IPO at the low end of expectations at 200p per share, valuing the retailer at £340m.
-
NewsBreakfast briefing: Retail news on Sainsbury's, Baugur, Burberry and business rates
Retail news round-up on June 6, 2014: Sainsbury’s bags £700,000 bonus, Baugur boss cleared of fraud, Burberry boss Bailey handed £7.5m in shares and small business could get rates exemption.
-
AnalysisAnalysis: Have the wheels come off Asos or has it just hit a bump in the road?
Asos boss Nick Robertson insists the etailer’s profit warning is just a “bump in the road”, but have the wheels come off UK etail’s biggest success story?
-
NewsGame to push button on IPO tomorrow valuing it between £340m and £360m
Game will formally push the button on an IPO tomorrow that will value the company at between £340m and £360m.
-
AnalysisAsos' profit warning: What the analysts say
Asos issued a profit warning in its third quarter update this morning. Retail Week takes a look at what the analysts are saying.
-
NewsMorrisons chairman Sir Ian Gibson reveals he is to step down
Morrisons chairman Sir Ian Gibson has revealed he will stand down next year.