All City & finance articles – Page 434
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NewsFlying Brands leases its last asset
Flying Brands has agreed a lease on its Retreat Farm property in Jersey, which is its last significant asset.
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NewsOcado to raise £36m and extend debt facilities
Ocado is to raise £35.8m in a placing to fund expansion and extend its debt facilities after speculation mounted it was likely to breach its banking covenants.
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NewsMajestic profit up 3.9% in first half despite wet weather
Wine retailer Majestic delivered a 3.9% jump in pretax profit to £9.2m for the 26 weeks to October 1 despite the tough economic conditions and wet summer weather.
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InterviewQ&A: Ted Baker chief executive Ray Kelvin on hurricanes and UK demand
Today Ted Baker revealed the UK had generated particularly good sales in its third quarter, driving its 24.6% uplift in retail sales, while the US business was impacted by Hurricane Sandy. Chief executive Ray Kelvin outlines how the business continues to deliver.
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OpinionComment: Imagine if John Lewis found a way to wriggle out of paying tax
John Lewis came out swinging this week, claiming that the Government must address the “Amazon tax issue” or risk driving UK-based retailers out of business.
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OpinionNick Bubb's verdict: Which retail sales figures should we believe?
It is often said ONS lives on a different planet, as its Retail Sales figures are notoriously unreliable. But down in Newport in South Wales is the ONS starting to get its act together?
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NewsMinisters urged to investigate OpCapita over Comet collapse
Comet staff have urged Ministers to investigate the collapse of the electricals retailer and the role played by former owner OpCapita.
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NewsTed Baker retail sales soar 24.6%
Ted Baker retail sales rose 24.6% in the 13 weeks to November 10.
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OpinionComment: Matt Davies’ new direction for Halfords
Halfords posts interim results on Wednesday, the first set since Matt Davies was appointed chief executive.
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OpinionComment: The real tax villains aren’t overseas retailers
Immoral, manipulative, pathetic. These were only a handful of the insults and accusations thrown by British MPs at some of the largest and (until now) most-respected international businesses operating in this country.
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NewsCarphone Warehouse delivers like-for-likes up 5% in the UK
Carphone Warehouse has posted a 5% rise UK like-for-likes in the first half to September 30.
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AnalysisSainsbury's: What the analysts say
Sainsbury’s today reported a 5.4% increase in underlying profits for the first half. The City welcomed the results
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NewsWHSmith like-for-likes dip 4%
WHSmith like-for-likes dropped 4% in the first 10 weeks of its financial year.
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NewsCo-op launches savings trust to prevent Farepak-style losses
The Co-operative Group is to launch a Christmas trust to protect shoppers to prevent another Farepak-style collapse.
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OpinionComment: OpCapita has questions to answer over Comet's demise
Halloween was an unfortunate but fit setting for the grim tidings that Comet has fallen into administration.
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InterviewQ&A: Dalton Philips, Morrisons chief executive
As Morrisons report a 2.1% like-for-like sales fall in the third quarter, Alex Lawson asks Dalton Philips what the problems are, how he intends to turn the business around and if the company is on course for a profit warning.
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NewsMorrisons like-for-likes fall 2.1%
Morrisons has posted a 2.1% slump in like-for-like sales excluding fuel for its third quarter as it said consumer confidence remains fragile.
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NewsSuperGroup's retail like-for-likes up in second quarter
SuperGroup’s UK retail like-for-likes jumped 5.8% in the second quarter as the fashion retailer improved its operations infrastructure to deliver its ambitions.
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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OpinionComment: Primark and Marks & Spencer square up
Marks & Spencer managed to please with Tuesday’s interims, but primarily because of relief that the results were not as bad as expected.