All City & finance articles – Page 428
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OpinionComment: Even a white-goods knight won’t be enough to save Comet now
I’m writing this on the day that a ‘white-goods knight’ is meeting with Comet’s administrators to thrash out a deal to acquire the bulk of the Comet business.
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Analysis
Kingfisher: What the analysts say
Profits jumped but like-for-like sales fell in the third quarter at B&Q owner Kingfisher. The performance drew mixed reaction from analysts.
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NewsKingfisher group profit drops 5.9% but UK earnings up
Kingfisher group retail profit plunged 5.9% to £257m in its third quarter to October 27, despite UK and Ireland profits advancing.
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NewsDixons falls to £22.2m first half loss as UK makes first profit in five years
Dixons’ UK business returned to the black in its first half for the first time in five years.
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OpinionComment: Mothercare boss Simon Calver is making progress
New Mothercare boss Simon Calver is making progress with his turnaround of the maternity specialist, last week’s interims showed.
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InterviewQ&A: Topps Tiles chief executive Matt Williams
Topps Tiles revealed a fall in profits despite a sales uplift in its full year, both of which were inline with expectations. Retail Week talks to Topps Tiles chief executive Matt Williams and chief financial officer Rob Parker about attracting a more affluent customer base and improving its online proposition.
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NewsProfits rise at Topps Tiles despite like-for-likes slip
Topps Tiles has shrugged off a difficult start to the financial year to return a £12.5m pre-tax profit after a rapid turnaround in like-for-like sales.
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OpinionComment: Corporation tax in the spotlight
I am penning this from the Barracuda fulfilment centre – sorry, distribution centre – located in Switzerland (purely for logistics reasons, nothing to do with a favourable tax rate).
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News
Jaeger unveils £8m loss as it eyes overseas growth
Jaeger has unveiled an underlying loss of £8m in its year to February 29 as it focuses on international growth.
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NewsProfits rise at Cath Kidston
Earnings at quintessentially British fashion and homewares specialist Cath Kidston surged last year, powered by higher sales at home and abroad.
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AnalysisAnalysis: The international retailer tax debate
After Amazon’s cagey performance in front of a Parliamentary committee, other high-profile retailers waded into the tax debate.
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OpinionComment: Are retail turnarounds still possible?
Reviving a retailer in tough economic times and in the public eye is a tall order.
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OpinionComment: M&A activity may provide a lifeline for retailers - but who’s got any rope?
Rumours have already begun to swirl about which retailers are hoping to sell up in 2013.
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NewsMothercare sales trend improves as it cuts UK losses in first half
Mothercare UK like-for-likes dipped 3.4%, but showed an improved sales trend, in the 28 weeks to October 13 as the retailer cut its underlying UK loss to £17m.
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OpinionComment: Alistair McGeorge safely steers New Look
The canny Alistair McGeorge looks to be making some progress in turning around fashion group New Look.
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NewsArcadia pays more corporation tax under Green's ownership
Arcadia has paid £591m in corporation tax in the last 10 years, owner Sir Philip Green said as he unveiled a rise in profits.
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NewsTopshop Oxford Street sales to hit £165m this year
Sales at Topshop’s flagship Oxford Street store are expected to hit £165m this year, its 10th under the ownership of Sir Philip Green.
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NewsHalfords ramps up offer as profits fall 23.4%
Car parts and cycle specialist Halfords is ramping up its product offer and multichannel initiatives, as profits plunged 23.4% to £41.9m for the 26 weeks to September 28.
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NewsJD Sports like-for-likes rise 1.5%
JD Sports has reported an increase in like-for-like sales despite a significant drop-off in trade at its fashion division.
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NewsNew Look eyes refinancing as new boss appointment looms
New Look is plotting a further refinancing and aims to appoint a new chief executive before the end of 2012.