All City & finance articles – Page 409
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NewsBurberry unveils record first-half sales of £1bn
Burberry’s first-half sales have broken the £1bn mark for the first time despite the brand reporting flat profits.
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NewsTed Baker sales rise as autumn range proves a hit
Ted Baker has revealed a 24% increase in group sales to £77.1m in the 13 weeks to November 9 after an “encouraging” reception to its autumn/winter range.
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NewsCarphone Warehouse reveals first-half sales and profits rise
Carphone Warehouse has posted a rise in sales and profits as the mobile phone specialist increased its market share.
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NewsWHSmith likes-for-likes fall across high street and travel stores
WHSmith has reported a fall in first-quarter like-for-like sales across its high street and travel divisions.
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NewsBreakfast briefing: Retail news on Asda, Ikea and Bonmarché
Retail news round-up November 14, 2013: Asda signs distribution deal; Bonmarché to float next week and Ikea installs rapid electric vehicle chargers.
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NewsBonmarché to float next week as retail IPOs gather pace
Bonmarché is poised to list on the AIM stock exchange next week as a flurry of retailers seek to take advantage of the City’s growing appetite for offerings from the sector.
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OpinionComment: Retail’s top line should rise this Christmas
Recent major headlines in retail occurred on the same day, when Marks & Spencer and Primark both revealed their latest trading results, giving an up-to-date picture of the current state of play in the marketplace.
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OpinionComment: How Matt Davies put petrol in Halfords’ tank
What difference does it make if 19 seconds are cut from a Chip and PIN transaction time? If there’s not much going through the tills it amounts to the square root of very little.
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NewsSainsbury's half-year profits up 7% with own brand driving growth
Sainsbury’s has reported underlying pre-tax profit up 7% to £400m for the 28 weeks to September 28, and total sales up 4.4% to £13.9bn.
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NewsPets at Home hires investment bankers as it plots float
Pets at Home is the latest retailer gearing up to float on the stock market after it hired investment banks to lead a £1.5bn listing.
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NewsDirect Wines sells etail business Virgin Wines
Virgin Wines, the online wine retailer, has been bought out by its management team in a £14m deal backed by Mobeus Equity Partners and Connection Capital.
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NewsNew Look boss rules out IPO as he plots international expansion
New Look boss Anders Kristiansen has ruled out launching an IPO in the next year as the retailer plots international expansion.
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NewsFormer Comet owner Henry Jackson on the hunt for retail investments
Controversial former Comet owner Henry Jackson is in talks to fund a number of new retail investments.
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OpinionComment: Big Brother really is watching at Morrisons
Morrisons has recently teamed up with Telefónica Dynamic Insights, the data arm of the O2 mobile network, to target consumers who shop at other grocers.
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NewsSuperGroup can be as big in Germany as UK, says Dunkerton
SuperGroup boss Julian Dunkerton believes its trendy fashion store Superdry could be as big in Germany as it is in the UK as it plots expansion in all the country’s major cities.
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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.