All City & finance articles – Page 445
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OpinionBoost for Argos as it stems decline
So used has the City become to dismal trading at Home Retail’s flagship Argos business that any sign of respite prompts jubilation.
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NewsPessina: Walgreens deal will not mean job cuts at Alliance Boots
Alliance Boots executive chairman Stefano Pessina has insisted there will not be job cuts as a result of the merger with US pharmaceuticals giant Walgreens.
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AnalysisHome Retail Group: What the analysts say
Home Retail Group, owner of Argos and Homebase, has delivered a better-than-expected performance, as total sales at catalogue retailer Argos edged up 0.2% to £819m, while Homebase was hit by the wet weather. Despite the surprising numbers, analysts remain cautious.
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AnalysisMajestic Wine: What the analysts say
Majestic Wine reported a 14.5% uplift in pre-tax profit today while increasing its target for store numbers by 100 to 330 stores. The City reacted favourably.
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.
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NewsUnited Carpets begins store closure review
United Carpets is conducting a store closure review in the face of “extremely challenging” market conditions.
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AnalysisOutsourcing: Is it right for your business?
Retail is about selling products, so outsourcing non-core business functions can make sense for retailers. Anna Richardson Taylor examines the issue.
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AnalysisRetailers’ banks: What do consumers need to know?
By opening a fully fledged, 50-branch bank, Marks & Spencer is relying on the power of its brand – and venturing where Sir Stuart Rose feared to tread.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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AnalysisMulberry: What the analysts say
Despite a slowdown in sales growth in recent weeks, the future is still bright for Mulberry according to retail’s analyst community.
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AnalysisWH Smith: What the analysts say
WH Smith has reported a 1% fall in total sales and a 3% fall in like-for-like sales in the 15 weeks to 9 June 2012. Analysts say it continues to benefit from its skill in cost-cutting, but in the longer term investment will be needed.
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NewsWH Smith confident about full year despite sales fall
Bookseller and stationer WH Smith group like-for-likes were down 3% in the 15 weeks to June 9.
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AnalysisAnalysis: Deal wrapped up at Clinton Cards but tough work lies ahead
Clinton Cards’ new owner American Greetings will have to make radical changes to return the retailer to profitability.
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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NewsAmerican Golf returns to profit as new boss starts
Golfing specialist American Golf returned to profit in its full year. The figures were released as new chief executive former Best Buy UK marketing director Kevin Styles, took up his role.
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AnalysisJD Sports: What the analysts say
The City gives its view on JD Sports’ update and whether growing losses from Blacks will affect its share price.
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NewsBlacks losses will hit £10m this year, says JD Sports
Blacks losses will hit £10m this year according to its owner JD Sports, as group like-for-likes edge up 1.5%.
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NewsSainsbury's sales driven by Jubilee spending
Sainsbury’s recorded a 1.4% uplift in like-for-like sales for the first quarter as Jubilee spending drove sales.
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NewsFindel turnaround on track as pre-tax profit soars
Home shopping retailer Findel’s turnaround has started to bear fruit as pre-tax profit before exceptionals soared 53% to £10.7m in its year to March 30.
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NewsTed Baker remains cautious despite sales uplift
Fashion retailer Ted Baker delivered a “good performance in line with the Board’s expectations” for the 19 week period to June 9 but stressed it remained cautious of the uncertain economy.