All City & finance articles – Page 389
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NewsBreakfast briefing: Retail news on Boohoo.com, Pets at Home, House of Fraser and more
Retail news round-up on March 31, 2014: Boohoo.com full year EBITDA soars, Pets at Home launches dog friendly store, House of Fraser in sales talks with Chinese conglomerate and more.
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NewsBoohoo.com full year EBITDA soars 200% hitting market expectations
Newly floated etailer Boohoo.com has reported that adjusted EBITDA soared over 200% in its year to February 28 in line with market forecasts.
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OpinionComment: Recognising global retail’s ripple effect
The Ukraine crisis has starkly highlighted the pitfalls of international retail both abroad and at home.
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NewsSignet UK profits rise 6% after stellar fourth quarter
H Samuel owner jewellery group Signet posted a 6% jump in full-year operating profit to $42.4m (£25.5m) in the UK after a strong fourth quarter.
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NewsLaura Ashley full year profits rise 2% as sales recover in second half
Laura Ashley full year profits edged up 2% to £20.5m as its like-for-like sales recovered after a “challenging” first half.
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OpinionComment: IPOs reflect a new generation of innovative retailers
Interest in retail stocks shows the industry is home to innovation.
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OpinionComment: Next’s results show it is a retailer for all seasons
Next’s shift from seasonal to on-demand retail seems to be paying dividends.
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AnalysisCarpetright's profit warning: What the analysts say
Carpetright issued a profits warning today. The City debates whether this is illustrative of a tough market or a Carpetright specific problem.
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NewsAlliance Boots and Walgreens first half 'synergies' exceed expectations
Alliance Boots’ tie-up with Walgreens created savings above expectations of $236m (£143m) in the six months to February 28, 2014.
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NewsCarpetright warns on profits as it hires former Dreams boss
Carpetright issued a profits warning as the housing market pick-up failed to boost sales as it hires former Dreams boss Nick Worthington.
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NewsPets at Home appoints former Britvic boss as a non-executive director
Pet specialist retailer Pets at Home has appointed former Britvic chief executive Paul Moody to the board as a non-executive director.
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NewsMoss Bros reports an increase in full-year sales and profits
Men’s formalwear specialist Moss Bros has reported a rise in full-year profits and sales and a strong start to the new financial year.
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NewsPotential partners already lining up for B&Q China, says Cheshire
Kingfisher boss Sir Ian Cheshire has said firms have already expressed interest in partnering with the group’s B&Q China business.
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NewsUPDATED: Albemarle & Bond appoints PwC as administrator
Pawnbroker Albemarle & Bond has appointed PwC as its administrator after lenders rejected its rescue plan.
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NewsTopps Tiles expects first-half profit leap of 70% after strong performance
Topps Tiles expects first-half underlying pre-tax profits to jump 70% to £8m after a strong sales performance.
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NewsKingfisher profits rise as it seeks strategic partner for B&Q China
DIY giant Kingfisher has reported a rise in full-year profits as it plots further overseas expansion and seeks a partner for its Chinese business.
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NewsDfs starts selling beds in store to target house movers
Sofa giant Dfs has begun selling beds in a select number of stores after freeing up warehouse space in the back of its shops.
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NewsDixons and Carphone seek deadline extension for £4bn merger talks
Dixons and Carphone Warehouse are set to ask the Takeover Panel to extend today’s deadline to the negotiations for their £4bn merger.
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AnalysisAnalysis: 11 great retail facts from Next's annual update
Next revealed a sparkling set of results this morning with both sales and profits up. Retail Week pulls out some of the key facts.
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OpinionNick Bubb’s verdict: Next - how to move the goalposts
Next’s financial disciplines have served it well over the years and created huge shareholder value, so do they need to move the goalposts?