All City & finance articles – Page 420
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NewsFormer Tesco boss Lord MacLaurin 'saddened' by Leahy's Tesco legacy
Former Tesco chairman and chief executive Lord MacLaurin has urged Tesco’s board to back chief executive Philip Clarke after saying he was “saddened” by Sir Terry Leahy’s legacy.
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AnalysisDebenhams' third quarter: What the analysts say
Debenhams today reported a “robust” third quarter as like-for-likes remained flat. Retail Week summarises the City’s reaction
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OpinionNick Bubb’s Verdict: Carphone Warehouse - smartphones, smart management
Carphone Warehouse’s structure over the years has shifted constantly, but founder Charles Dunstone remains a very smart businessman.
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OpinionComment: Time to move on tax and rates debate
It’s six months since I took the helm at the British Retail Consortium, and there have been plenty of highlights along the way.
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AnalysisAnalysis: Rent-day retail administrations prove only the strong will survive
Rent-day casualties and tough trading conditions show retailers must be at top of their game to thrive.
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OpinionComment: Retail failures remind us to celebrate success
This week’s rent day brought a round of bloodletting on the high street as ongoing pressures pushed more retailers to the brink.
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NewsCarphone Warehouse profits rise as like-for-likes jump 4.6%
Carphone Warehouse recorded a 4.6% rise in group like-for-like sales for the year to March 31 as EBIT edged up £2m to £137m.
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OpinionComment: Self-help measures make a difference at Carpetright
Carpetright boss Darren Shapland’s improvement plan, initiated when he took up the role a year ago, looks as if it is paying off.
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OpinionComment: Can administrations be good for businesses?
To some it sounds like a death knell, but many retailers can survive an administration - and even benefit from it in the longer term, according to Lee Manning and Rob Harding.
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NewsCarpetright's full-year pre-tax profit jumps as UK like-for-likes improve
Increased like-for-like sales across Carpetright’s UK business drove a jump in pre-tax profit from £4m to £9.7m in its full year.
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NewsTesco faces remuneration row over excessive payoffs at its AGM
Tesco shareholders have been urged to reject the grocer’s remuneration report at Friday’s AGM because of concern about excessive payoffs.
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NewsFormer Comet owner could profit from retailer's tax losses
Hailey Acquisitions, the former owner of electricals group Comet, hopes to buy back the bust retailer’s tax losses, it has emerged.
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NewsPret a Manger owner eyes Hotel Chocolat stake
Bridgepoint Development Capital, the private equity owner of café chain Pret a Manger, is eyeing an investment in chocolatier Hotel Chocolat.
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Analysis
Dixons full-year results: What the analysts say
Dixons today reported a 15% increase in underlying pre-tax profits. Retail Week rounds up the City’s reaction to the results.
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NewsDixons reveals it is a 'winner' in its full-year results
Dixons chief executive Sebastian James says the brand is becoming “a winner” after returning to growth in its full-year figures.
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OpinionComment: Majestic shows specialists can compete against big grocers
If Majestic Wine was a bottle of bubbly, it might appear to lack a little sparkle. Profits didn’t move much last year and sales were down.
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NewsDFS profit up 8.5% to £48.3m in first nine months of year
Furniture retailer DFS has reported EBITDA growth of 8.5% to £48.3m in the nine months to April 27, after opening eight stores this year.
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NewsHouse of Fraser like-for-likes up 4.8% driven by online sales surge
House of Fraser’s surging online sales drove a like-for-like increase across the business of 4.8% in the first quarter, according to figures leaked to Retail Week.
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OpinionComment: The online shopping experience needs human interaction
Burberry has just unveiled its latest attempt to humanise the online experience by allowing consumers to seal their electronic messages with a real kiss. ‘
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NewsMothercare's former boss Ben Gordon takes home £5m in shares and pay
Mothercare’s former boss Ben Gordon walked away from the maternity retailer with more than £5m after share schemes vested.