All City & finance articles – Page 426
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NewsOcado bosses to receive pay boost through bonus scheme
Ocado chief executive Tim Steiner is to receive an annual bonus of shares worth up to £1.8m under a new scheme revealed late last week.
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NewsFindel full year results "in line with expectations" as turnaround gains pace
Home shopping group Findel is to report full year results “in line with market expectations” as it turnaround gains pace
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NewsMarks & Spencer to reveal a further clothing slump
Marks & Spencer is expected to reveal a dip in clothing sales for the seventh quarter in a row when it updates the market on Thursday.
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NewsTesco faces £1bn bill to quit loss-making US arm Fresh & Easy
Tesco is facing a bill of around £1bn to exit the US after chief executive Philip Clarke decided to call time on its Fresh & Easy business.
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OpinionComment: Tesco shoppers are likely to choose Giraffe over horse
Tesco’s decision to buy restaurant chain Giraffe clearly underlines its determination to make big supermarkets attractive retail destinations.
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AnalysisAnalysis: Jewellery group Signet's full year results
Jewellery group Signet, which owns H Samuel and Ernest Jones, last week unveiled a 29.1% profits plunge to $40m in its full year to February 2. Retail Week takes a closer look at the performance.
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NewsHalfords group commercial director Paul McClenaghan exits
Halfords group commercial director Paul McClenaghan has left the business after eight years, as the car part and cycle specialist seeks a replacement.
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OpinionComment: Cold conditions could take a toll on M&S clothing
M&S posts fourth-quarter figures next Thursday. The retailer will hope things go more smoothly than the last update in January.
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NewsThorntons to beat profit expectations after 'satisfactory' Easter
Chocolatier Thorntons expects pre-exceptional pre-tax profits to be ahead of expectations after a “satisfactory” Easter trading period.
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NewsClinton Cards owner American Greetings taken private by founding family
Clinton Cards parent company American Greetings has been taken private by its founding and controlling family in a deal estimated at $878m.
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OpinionComment: Even the best spreadsheets can’t predict the weather
Retailers are bracing themselves for a frosty Easter weekend as wintry conditions continue to keep customers away from the high street.
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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AnalysisAnalysis: Has private equity been good for retail?
Despite accusations of loading businesses with debt and short-termism, private equity firms insist their investments can help retailers thrive.
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OpinionComment: Multichannel success for fashion and homeware retailer Next
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.
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OpinionNick Bubb's Verdict: Kingfisher - How can it downsize in the UK?
Everybody knows that B&Q has too much space, including Kingfisher’s management, but how do you start to get rid of 27.5m sq ft of it?
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NewsB&Q owner Kingfisher posts full-year profits plunge
Kingfisher full-year group pre-tax profits plunged 11% to £715m in its year to January 31 as wet weather hindered sales in the UK.
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NewsMoss Bros pre-tax profits rise to £3m but sales slow in 2013
Menswear retailer Moss Bros’ full-year pre-tax profits jumped £2.1m to £3m but sales have slowed in the first weeks of its current year.
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NewsOnline, not stores, key to overseas growth, says Next boss
Next has shunned opening stores overseas in favour of pushing its online operation as it prepares to launch its Chinese website this year.
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OpinionNick Bubb's Verdict: Next - Don’t mention the weather?
The standard advice for retailers trying to explain away weak trading is not to blame “the weather”, so why did Next fall into that apparent trap today?
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AnalysisNext full-year results: What the analysts say
Next today reported pre-tax underlying profit jumped 9% to £622m last year but the new year has got off to a slow start. The City studied its balance sheet carefully.