All City & finance articles – Page 397
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NewsBreakfast briefing: Retail news on Amazon, AO.com, House of Fraser and more
Retail news round-up on March 6, 2014: Amazon inks Mexican food deal; AO.com writes to suppliers over Dixons terms; House of Fraser to open 12 click and collect shops; and consumer confidence in Ireland up
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NewsBoohoo to be valued at £500m as Ao.com exercises over-allotment option
Boohoo shares are expected to sell at 50p, valuing it at more than £500m, as Ao.com exercises its “over-allotment” option.
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NewsBreakfast briefing: Retail news on shop prices, PowaTag and Boohoo.com
Retail news round-up on March 5, 2014: Shop prices fall at fastest rate for seven years; app technology PowaTag is launched; and Boohoo.com sets flotation price
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NewsSainsbury's finance boss says discounters could double market share by 2020
Sainsbury’s finance director John Rogers has raised the prospect of discount retailers such as Aldi and Lidl doubling their market share by 2020.
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OpinionComment: Will retail IPOs be hit as the Ukraine crisis panics markets?
While Ao.com’s shares surged on their debut last week, Russian hypermarket group Lenta’s newly-floated stock went in the opposite direction.
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NewsPets at Home's private equity owner KKR could collect £200m from IPO
Pets at Home’s private equity owner KKR could make more than £200m as a result of the specialist retailer’s stock market listing.
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NewsBreakfast briefing: Retail news on Pets at Home, Harris + Hoole, Carphone Warehouse
Retail news round-up on March 4, 2014:Pets at Home owner KKR could reap over £200m from float, Tesco coffee shop chain Harris+ Hoole to double store count, Carphone Warehouse fined in Ireland for sending spam text messages, and Crew Clothing hires Amy Bastow as commercial director
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NewsThorntons profits jump as FMCG outgrows retail sales
Chocolatier Thorntons pre-tax profit jumped from £4.9m to £7.2m in its first half as its FMCG division outgrew retail sales.
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NewsWarren Buffett slashes stake in troubled Tesco by a quarter
Billionaire investor Warren Buffett has cut his stake in Tesco by more than a quarter which could knock confidence in its turnaround plan.
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NewsBreakfast briefing: Retail news on Maplin, Marks & Spencer, Tesco, John Lewis Partnership and more
Retail news round-up on March 3, 2014: Maplin up for sale, M&S hires Next Sourcing gurus, Warren Buffet cuts Tesco stake, John Lewis Partnership to slash annual staff bonus and more.
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OpinionComment: Versace may need to relinquish control to achieve real success
This week it was revealed that Versace, the Italian luxury fashion brand, is selling a 20% stake to Blackstone, the US private equity firm, for $287 million.
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NewsPets at Home sets price range for £1.3bn stock market float
Pets at Home has set the price range of 210p to 260p per share for its IPO giving it a market capitalisation of up to £1.05bn to £1.3bn.
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NewsAo.com shares leap on stock market debut
Ao.com turbo-charged the stock market when its shares debuted yesterday and spiked more than 40%.
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NewsFormer Shop Direct boss Mark Newton-Jones to join Boohoo board
Former Shop Direct chief executive Mark Newton-Jones is to bolster the Boohoo board ahead of its float.
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AnalysisTesco’s UK turnaround strategy: What the analysts say
Tesco yesterday hosted investors and analysts to outline how it will accelerate its strategy to turnaround its UK arm. Retail Week rounds up the reaction.
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OpinionComment: Surely Mothercare's Simon Calver should have got a bonus
The terms of Simon Calver’s exit from Mothercare are perplexing .
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NewsAo.com valued at £1.2bn as it debuts on London Stock Exchange
Electricals etailer Ao.com has debuted on the London Stock Exchange at a value of £1.2bn, at the upper end of expectations for its IPO.
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NewsWickes full-year sales up but profits down as it invests in price
Travis Perkins’ consumer division, largely comprising Wickes, reported sales up but profits down last year as it invested in price.
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OpinionComment: Property - a silver bullet for Britain’s supermarket giants?
It’s no secret that all of the UK’s big supermarkets sit on large property portfolios.
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OpinionComment: Money in the tills is key for Morrisons
Arbitrage is the practice of taking advantage of a price difference between markets. It’s usually a City term, but is actually common in retail.