All City & finance articles – Page 447
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NewsTopps Tiles pre-tax profits fall in first half but current trading improve
Topps Tiles like-for-likes slipped 4.7% in its first half as pre-tax profits dropped 22% to £7.2m.
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InterviewRetail refinancings: Q&A with Barclays head of retail Richard Lowe
As Dixons and LK Bennett refinance, we talk to Barclays head of retail Richard Lowe about the lending climate for retailers.
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NewsLK Bennett secures funding for US expansion
LK Bennett has raised £16m of new funding to accelerate expansion in the US.
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NewsDixons extends £300m credit facility
Electricals giant Dixons has extended a £300m revolving credit facility for two years.
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AnalysisIn the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.
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OpinionM&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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AnalysisMothercare: What the analysts say
Mothercare posted a full-year group loss before tax and after exceptional and other items of £102.9m today while new chief executive Simon Calver outlined a three year turnaround and growth plan. The City reacted to the news
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OpinionTesco boss Clarke declines bonus
Tesco boss Philip Clarke set a good example to other company chiefs when he declined to take his bonus in the wake of the Christmas profit warning.
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AnalysisOcado: what the analysts say
Ocado forecast a 13% uplift in sales for the second quarter today. The City welcomed the announcement but expressed concern over the etailer’s long-term future
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NewsHouse of Fraser EBITDA drops as it invests in stores and fulfilment
House of Fraser adjusted EBITDA dropped 16% to £58.6m as it invested in a second distribution centre.
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NewsBurberry full-year profits rocket
Profits at Burberry rose 26% over the last year fuelled by strong menswear sales.
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NewsFlying Brands sales plunge as its search for a buyer continues
Flying Brands sales plummeted 35% in the three months to March 31 as it continues talks to sell the business.
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AnalysisMarks & Spencer full-year results: What the analysts say
What the analysts are saying about Marks & Spencer’s full-year results.
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NewsBolland bonus under threat as profits likely to fall
Marks & Spencer’s chief executive Marc Bolland’s bonus is under threat as the retailer’s profits are expected to fall.
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OpinionBoots’ success lies in keeping up with change
Alliance Boots’ double-digit growth in sales and trading profit is an achievement chairman and co-owner Stefano Pessina and his team will be proud of.
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NewsAsda records 2.2% like-for-like sales rise
Asda has recorded a 2.2% uplift in like-for-like sales in the 12 weeks to March 31.
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OpinionWill Bolland's initiatives shape up for M&S?
Next week brings the main opportunity to find out how Marc Bolland’s strategy at Marks & Spencer is progressing when the retail bellwether posts full-year results.
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OpinionValue sector facing a shake-out
So the UK is again in recession. GDP figures last month confirmed fears of a double dip and prompted speculation over the impact on consumer confidence.
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NewsWestfield Stratford approaches £500m of sales
Westfield Stratford City has notched up almost £500m of sales since opening last September.
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NewsLand Securities: High streets 'may never recover'
Directors of retail property firm Land Securities believe that some high streets are doomed and “may never recover” from damage inflicted during the recession and downturn.