All City & finance articles – Page 405
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NewsBreakfast briefing: Retail news on Tesco, Asda and Carphone Warehouse
Retail news round-up November 8, 2013: Tesco launches TV ad campaign, Three UK and Carphone Warehouse end partnership, Asda to open Barclays concessions and Heatons hits expansion trail.
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AnalysisInternational analysis: Focus on equity returns is costing Sears sales growth
Sears, the US department and variety store group, continues to break off parts of its business to generate equity returns and help reverse underperformance.
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AnalysisAnalysis: Government's business rates delay sparks retail anger
A delay to the Government’s next rates revaluation has angered retailers and property professionals alike, with many believing it will lead to more pain on the high street.
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NewsMorrisons' boss Dalton Philips pledges to return grocer to growth
Morrisons chief executive Dalton Philips has vowed to return the grocer to like-for-like growth next quarter despite a slump in third quarter sales.
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Opinion
Comment: Online entry won’t halt Morrisons decline
Morrisons is hoping to be showered with the riches of online and convenience, but in reality the belated entry into both has inflicted serious damage on the grocer. 2014/15 is set to be a painful year of slowly clawing back shoppers, rather than the breakthrough the grocer so badly needs.
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OpinionComment: Will Jim McCarthy stay at Poundland after an IPO?
Corporate action is on the cards at single-price retailer Poundland. An IPO is widely expected by City observers.
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NewsSuperGroup like-for-likes jump as it takes control of German stores
SuperGroup’s retail like-for-likes jumped 7.8% in its second quarter to October 27 as the trendy fashion retailer took control of its German franchise operation.
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NewsHalfords' first-half profits jump as turnaround gains pace
Pre-tax profit jumped 6.4% to £44.6m at bikes and car parts retailer Halfords in its first half to September 27.
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NewsMorrisons like-for-likes dip as it plots convenience and online push
Morrisons like-for-likes dipped 2.4%, excluding fuel, in its third quarter as it continues its push into convenience.
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NewsBreakfast briefing: Retail news on Morrisons, Halfords, SuperGroup, Next and more
Retail news round-up November 7, 2013: Morrisons like-for-likes dip 2.4% in its third quarter, Halfords pre-tax profits rise in first half and SuperGroup like-for-likes jump as it takes control of German stores.
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NewsMarks & Spencer's Leading Ladies campaign brings fashion boost
Marks & Spencer boss Marc Bolland has insisted there are signs of improving performance in the crucial womenswear category as lines featured in its Leading Ladies campaign sold well.
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OpinionComment: Marks & Spencer can learn from Primark’s success
Marks & Spencer boss Marc Bolland this week found himself unveiling a drop in first-half pre-tax profits on the same day as high street rival Primark announced rocketing full-year results.
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AnalysisMarks & Spencer’s first half: What the analysts say
Marks & Spencer reported underlying profit before tax was down to £261.6m in the 26 weeks to September 28, compared to £287.3m last year. Retail Week takes a look at what the analysts had to say.
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NewsPrimark reports rocketing profits
Value fashion giant Primark has reported a surge in profits after an “outstanding” year.
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NewsMarks & Spencer posts first-half profit fall
Marks & Spencer chief executive Marc Bolland insisted progress is being made at the bellwether retailer, despite a fall in interim profits.
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NewsBreakfast briefing: Retail news on Marks & Spencer, Austin Reed and retail sales
Retail news round-up November 5, 2013: British retail sales rise, Marks & Spencer records first-half profit falland Austin Reed posts pre-tax profit fall
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NewsFashion retailer Joules secures £22m investment
Casual fashion retailer Joules has received a £22m investment from private equity firm Lloyds Development Capital (LDC).
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NewsPoundland drafts in former analyst Philip Dorgan as it eyes IPO
Seasoned retail analyst Philip Dorgan has joined Poundland to help the value specialist assess options, including an IPO.
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NewsCo-operative Bank to shed 15% of branches as part of rescue plan
The Co-operative’s rescue plan for its bank will result in shedding 15% of its branches and cutting its share to 30%.
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NewsBargain Booze owner Conviviality reports improved trading in first half
Bargain Booze owner Conviviality Retail has reported like-for-likes edged up 0.6% in its first half to October 27.