All City & finance articles – Page 402
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NewsFormer M&S chairman Lord Myners to lead Co-op governance review
City veteran Lord Myners has been appointed to the Co-operative Group’s board as senior non-executive director and will chair the review following the scandal at the Co-operative bank.
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NewsMoss Bros 'encouraged' by 5.3% like-for-like rise
Formalwear retailer Moss Bros’ like-for-likes advanced 5.3% in the 19 weeks to December 7 as it remains on course to hit anticipated market growth.
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NewsSuperGroup makes 'progress on all fronts' as profits rise
SuperGroup said it was making “progress on all fronts” as underlying pre-tax profit advanced 21.8% to £17.9m in its first half to October 27.
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NewsSports Direct first-half profits soar as finance boss reveals retirement
Sports Direct underlying pre-tax profit jumped 16.9% to £146.2m in its half to October 27 as finance director Bob Mellor reveals he is to retire.
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NewsBreakfast briefing: Retail news on Sports Direct, SuperGroup, LIttlewoods, Asda and Tesco
Retail news round-up on December 12, 2013: Sports Direct profits soar in first half, SuperGroup makes ‘progress on all fronts’ as profits rise and Littlewoods faces legal wrangle in Ireland over jumper design infringement.
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NewsCarpetright 'committed' to the Netherlands despite ongoing sales slump
Floorings giant Carpetright has insisted it remains committed to the Netherlands despite the Dutch business falling into the red in the first half.
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AnalysisCarpetright's half-year update: What the analysts say
Carpetright revealed underlying profits fell by a third to £3m in its half-year to October 26. Retail Week takes a look at reactions from the analysts.
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NewsHouse of Fraser EBITDA edges up in third quarter
House of Fraser like-for-likes increased 0.8% in its third quarter to October 26 as adjusted EBITDA edged up £100,000 to £1.7m.
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NewsCarpetright records a fall in first-half sales and profits
Carpetright has posted a fall in first-half sales and profits as it battled “volatile” trading conditions and suffered losses in its European arm.
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NewsTesco acquires stake in Asian non-food etailer Lazada
Tesco has acquired a minority stake in Asian general merchandise etailer Lazada, which sells products including electronics and clothing.
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NewsKaren Millen profits fall as investment hits the bottom line
Premium womenswear retailer Karen Millen has reported a fall in profits after investing in the business.
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NewsMulberry first-half profits fall as it invests in international growth
Mulberry first-half pre-tax profits dropped 28% to £7.2m as it continued to invest in its international expansion.
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NewsBathstore breaks into the black as it relaunches website
Bathstore is back in the black after its first year under private equity owner Endless and the retailer has relaunched its website.
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OpinionComment: McColl’s must highlight its USP in competitive market
Convenience store specialist McColl’s has joined retailers including Ao.com, Poundland and Pets at Home with its ambition to float on the stock market.
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OpinionNick Bubb’s verdict: Tesco - no easy solution
The stockmarket had been softened up for bad news on Q3 sales, so, with no profit warning today, Tesco’s shares have rallied.
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AnalysisTesco third quarter sales fall: What the analysts say
Tesco this morning revealed its UK like-for-like sales fell 1.5% in its third quarter. Retail Week takes a look at the response from the City.
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NewsTesco UK like-for-likes fall 1.5% in Q3 as it blames tough market
Tesco has reported UK like-for-like sales fell 1.5% in its third quarter, and blames pressure on UK household finances for its performance.
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NewsConsumer confidence falls for second successive month
Consumer confidence fell for the second month in a row as shoppers felt the cost of rising energy bills.
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NewsJD Sports posts third-quarter like-for-like sales rise
JD Sports Fashion has recorded a rise in third-quarter like-for-like sales across its fashion and sportswear fascias.
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NewsAlliance Boots accused of ‘avoidance of tax’
Alliance Boots has been accused of breaking disclosure and taxation guidelines set by the Organisation for Economic Co-operation and Development.