All City & finance articles – Page 408
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OpinionComment: Carpetright's Lord Harris will keep calm and carry on
Carpetright gave the City a double shock on Friday - a profit warning and the exit of its chief executive Darren Shapland.
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NewsThorntons sales jump 2.1% despite decline in retail division
Thorntons sales increased 2.1% to £47m in its first quarter despite a 5.7% sales drop across the chocolatier’s retail division.
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NewsCarpetright founder Lord Harris: 'My priority is to stabilise business and drive profits'
Carpetright founder Lord Harris has said his first priorities are to stabilise the business and drive profits after revealing this morning (Friday) that he had returned to the helm.
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OpinionComment: An IPO filing for Poundland will need to be well thought out
This week, Poundland announced strong results, with sales rising 15% to £880 million and pre-tax profits growing 29% to £23.1 million for the year to March 31.
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NewsCarpetright founder Lord Harris takes helm as chief executive exits
Carpetright founder Lord Harris has taken over as executive chairman of the floorings specialist as chief executive Darren Shapland stands down after Carpetright issued a profit warning.
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NewsBreakfast briefing: Retail news on Carpetright, The Garden Centre Group, Amazon
Retail news round-up October 4, 2013: Carpetright founder Lord Harris returns to the helm as chief executive Darren Shapland exits, The Garden Centre Group appoints new trading director and Amazon removes foie gras from UK website.
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OpinionNick Bubb's verdict: Ted Baker - a great advert for good design
Ted Baker famously hasn’t got to where it is today, after 25 years of existence, by spending lots of money on advertising and PR.
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NewsTed Baker boss Ray Kelvin outlines ambitious expansion plans for China
Ted Baker chief executive Ray Kelvin has outlined ambitious expansion plans for Asia and China in particular.
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AnalysisTed Baker first half: What the analysts say
Ted Baker’s pre-tax profit increased from £7.8m to £11.6m in its first half as retail sales rose 30.2%. Retail Week takes a look at the response from the City.
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NewsSports Direct chief executive Dave Forsey sells £6.46m of shares
Sports Direct chief executive Dave Forsey and finance director director Bob Mellors sold £6.46m worth of shares in the company yesterday.
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NewsTed Baker first-half profits jump as retail sales surge
Ted Baker pre-tax profit increased from £7.8m to £11.6m in its first half as retail sales rose 30.2%.
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NewsDFS float speculation dismissed
Speculation over DFS’s potential float next year has been dismissed by sources familiar with the situation.
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NewsAlbemarle & Bond emergency fundraising plan fails
Pawnbroker Albemarle & Bond has a month to save itself from collapse after talks to raise £35m in emergency funding broke down.
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OpinionComment: Dunelm's not quite home and dry
While much of the attention today has been on food giants Sainsbury’s and Tesco, there has been an update too from home specialist Dunelm.
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AnalysisSainsbury's second quarter: What the analysts say
Sainsbury’s has recorded a 2% increase in like-for-like sales excluding fuel in the second quarter driven by own brand, convenience and online. Retail Week rounds up the City’s reaction.
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AnalysisTesco's first-half results: What the analysts say
Tesco today reported a 7.6% drop in group trading profits in its first half as problems in its overseas arm. Retail Week rounds up the City’s reaction.
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NewsDunelm like-for-likes fall 5.3% as heatwave hits footfall
Dunelm like-for-likes dropped 5.3% in its first quarter following a “marked reduction” in footfall during the heatwave.
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NewsAlbemarle & Bond issues profit warning after gold prices weaken
Pawnbroker Albemarle & Bond has issued a profit warning after weak gold prices hit its core businesses of pawnbroking and gold buying.
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NewsDFS mulls £1bn stock market flotation
The owner of furniture specialist DFS is mulling a stock market flotation that could value the retailer at £1bn.
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NewsMoss Bros first half profits increase as like-for-likes rise 1.7%
Formalwear retailer Moss Bros recorded a 1.7% uplift in first half retail like-for-likes as profits improved as it plans to open websites overseas.