All City & finance articles – Page 425
-
NewsCarpetright UK like-for-likes edge up 3.2% but Dutch sales remain weak
Carpetright UK like-for-likes edged up 3.2% in its third quarter to January 26 but plunged 11.5% in the rest of Europe as sales at its Dutch business remained weak.
-
NewsFormer Baugur boss Johannesson plans UK comeback
Former Baugur boss Jon Asgeir Johannesson hopes to make a UK comeback and is interested in buying into small companies.
-
NewsBeales in talks to renegotiate debts amid tough trading conditions
Department store group Beales is in talks to renegotiate its debt as it battles difficult high street trading conditions.
-
OpinionComment: Welcome back to a top retail role, Sir Stuart Rose
It’s good to see Sir Stuart Rose back in retail’s public company world as chairman of online grocer Ocado.
-
OpinionNick Bubb's Verdict: Sales bad, profits good at WHSmith... again
Bearish hedge funds have been targeting several UK retailers in recent weeks, expecting their shares to go down after disappointing trading at Christmas.
-
AnalysisWHSmith 20-week update: What the analysts say
WHSmith has once again generated profit through cost cutting despite posting like-for-like sales down 5% in the 20 weeks to January 20. Retail Week looks at analyst comment.
-
NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
-
NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
-
OpinionComment: A crucial six months for Marks & Spencer's Marc Bolland
Marks & Spencer’s styles were not in fashion over the crucial Christmas period, and that means chief executive Marc Bolland is under growing pressure to make improvements.
-
News
Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...
-
NewsThorntons total sales rise over Christmas despite like-for-like fall
Thorntons has reported an uplift in total revenue in the second quarter despite a slump in company-owned sales as the chocolatier continues to close stores.
-
NewsN Brown sales like-for-likes jump 7.9% over golden quarter
Outsize fashion group N Brown like-for-likes climbed 7.9% over the 19 weeks to January 12 as it invested an extra £2m in customer recruitment.
-
NewsOcado sales surge over Christmas period and fourth quarter
Online grocer Ocado experienced a sales surge of 14.2% to £91.6m in the six weeks to January 6 on the back of soaring fourth quarter revenue, which jumped 12.4%.
-
NewsHalfords like-for-likes flat over Christmas as it ups profit forecast
Halfords retail like-for-likes remained flat in the 15 weeks to January 11 as the cycle and car parts specialist upgraded its profit forecast for the year.
-
AnalysisAnalysis: What can the City expect from the updates this week?
After the numerous, and sometimes headline-grabbing Christmas updates last week, this week looks set to be just as busy, with retailers including Argos, Dixons and Primark revealing their performances over the golden quarter.
-
NewsFormer retail analyst launches True Capital with £100m investment fund
Former retail analyst Matt Truman has launched a new investment fund set to plough £100m into retail and consumer businesses.
-
OpinionComment: from Andy Street to Jim McCarthy – my 2012 retail honours list
In a volatile economic climate it’s more difficult for retailers to shine. Following Jessops’ collapse, I wanted to hail successful organisations and the individuals who lead them.
-
OpinionComment: What to watch out for in 2013
This year won’t be an easy ride for retailers, but there will still be winners.
-
OpinionNick Bubb's Verdict: Cost control won't work forever at M&S
With CEO Marc Bolland under increasing pressure to get profits moving up at M&S, it is unhelpful to his cause that current year expectations have had to be notched down again, even though M&S promises to get its act together this autumn.
-
AnalysisTesco: What the analysts say
Tesco today reported a 1.8% uplift in like-for-like sales over Christmas as its core UK business begins to show signs of a turnaround a year-on from its profit warning. The City welcomed the figures.