All City & finance articles – Page 388
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AnalysisAnalysis: What game is Mike Ashley playing by acquiring a House of Fraser stake?
Sports Direct boss Mike Ashley is a man that surprises the City like no other and at the weekend he did just that by acquiring an 11% stake in House of Fraser from Scottish retail entrepreneur Sir Tom Hunter.
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OpinionComment: Will McIlwee's exit prompt a restructure of the board at Tesco?
The departure of Laurie McIlwee from Tesco is symptomatic of a business that is not at ease with itself. To perform better, Tesco needs to be at ease with its strategy and direction, united and comfortable, with the right people executing its plans.
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NewsInfographic: John Lewis sales up 5.9% as warm weather boosts shopping
John Lewis sales rose 5.9% in the week to March 29 as shoppers basked in warm weather and bought gifts for Mother’s Day.
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AnalysisAnalysis: The top 10 fastest-growing retailers in the UK, 2014
The second annual Zolfo Cooper Growth Retailer Report, produced in association with Retail Week, highlights the businesses that have excelled in increasing profits in the UK.
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NewsHigh street 'unexpected winner' as it remains resilient in face of administrations
High streets have emerged the “unexpected winners” after retail parks and shopping centres suffered more as a result of the 27 biggest administrations since 2009.
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OpinionComment: John Richards on why a high IPO price may not be best price
Too many IPO valuations are set at fairytale prices and companies floated at these prices will reap the consequences.
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NewsDunelm like-for-likes up 5% in third quarter
Dunelm said it benefited from weak comparables - this time last year heavy snow put off shoppers - as well as “ongoing investments which have strengthened our customer proposition”.
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NewsSports Direct shareholders reject proposal for Mike Ashley bonus
Sports Direct shareholders have once again rejected proposals to introduce a bonus scheme for founder Mike Ashley.
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NewsHomewares retailer Paul Simon collapses after floods hit sales
Home furnishings retailer Paul Simon has collapsed after the recent flooding meant shoppers could not reach some stores, hitting revenue.
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NewsMarks & Spencer to offer online order collection from 4,300 locations in France
Marks & Spencer is to tap into a network of 4,300 online order collection points in France as it increasingly adopts a multichannel approach to international expansion.
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NewsOverseas to account for 90% of Asos sales as it invests for future
Asos boss Nick Robertson reinforced he is building a global giant as he predicts overseas will account for 90% of sales in four years time.
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OpinionComment: Can M&S replicate international success at home?
Marks & Spencer’s international growth could re-invigorate the business at home and away.
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AnalysisAsos half-year results: What the analysts say
Asos reported a 22% fall in pre-tax profits to £20.1m in the six months to February 28 after investing in the business. Retail Week takes a look at the reaction from the City.
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NewsAsos pre-tax profits fall 22% as it invests for long-term growth
Asos first-half pre-tax profits fell 22% as it ploughed money into the business to reach its growth ambitions of generating sales of £2.5bn.
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NewsFindel sales up as it expects 'substantial' pre-tax profit growth
Express Gifts owner Findel revealed sales jumped 5% in its full year as it expects profits to be “substantially” ahead year on year.
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NewsBreakfast briefing: Retail news on Bhs, Elverys, Findel and more
Retail news round-up on April 1, 2014: Sir Philip Green targets 50 Bhs food stores by September, Sports Direct loses bid for Elverys, Express Gifts owner Findel full-year sales up 5% and Card Factory to float on the stock market
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OpinionComment: Restructuring in retail – the foundation on which IPOs are built
With the window for retail IPOs now well and truly open, at least for the time being, the list of potential floats now appears to stretch out well into the second half of 2014.
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OpinionComment: How much money can Pets at Home make from pampered pooches?
Now that the first wave of retail IPOs has got away it’s good to see that newly quoted companies are embracing potential growth opportunities that, if successful, will reward new investors.
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NewsHouse of Fraser in acquisition talks with Chinese conglomerate Sanpower
House of Fraser is in talks with Chinese conglomerate Sanpower Group, which is eyeing buying the department store group for more than £450m.