All City & finance articles – Page 463
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NewsDownturn finds H&T enjoying expansion
Pawnbroker H&T has given the green light to store expansion after its half-year profits jumped.
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OpinionPreparing for the golden quarter
After the dog days of August, the sector springs into action again in early September.
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NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
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NewsSignet UK profit tumbles in second quarter
US jewellery giant Signet’s UK division saw second quarter net operating income plummet 40% to $2.8m (£1.7m) in a “challenging market”.
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NewsCountrywide seeks acquisitions as sales rise
Rural specialist Countrywide is on the look-out for acquisitions after maintaining retail profitability and increasing sales last year.
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NewsTopps warns on profits as shattered consumer confidence takes toll
Topps Tiles has issued a profit warning after a steep trading downturn in recent weeks.
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NewsGarden Centre Group buys Country Homes and Gardens
Garden Centre Group has bought 12-store counterpart Country Homes and Gardens for an undisclosed sum.
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NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
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NewsNo pay rise for SuperGroup's Dunkerton
Directors of fashion retailer SuperGroup, including founder Julian Dunkerton, will not take a pay rise this year
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NewsRetail bearing up but grocery volumes weak
Although retailers bore the brunt of last week’s riots, the sector kept its head above water despite lagging the All-share index.
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NewsOcado’s lack of update raises City eyebrows
Broker Panmure has questioned why Ocado has not updated the City after the online grocer’s joint broker Goldman Sachs slashed its operating profit forecasts for the next three years.
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NewsGame multichannel deal pleases the sceptical City
A further push by Game into multichannel retail was welcomed by analysts, but the City wants to see the games specialist to “dramatically” reduce its store numbers.
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OpinionComment: Signet shares may yet sparkle
Unlike what it sells in-store, the shares of jewellery Goliath Signet haven’t been sparklers lately – there’s a been a distinct lack of bling.
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NewsFrench Connection stands confident
French Connection struck a confident note in an update last week when it reported UK like-for-like growth, increased year-on-year demand for its winter wholesale collections and that first-half profit would meet expectations.
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NewsSports retailers’ reputations intact despite ‘looter effect’
Sports retailers, including JD Sports, will not be damaged by their association with ‘looter fashion’, Oriel analysts are confident.
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NewsOcado co-founder cuts stake in grocer
The co-founder of Ocado and his wife have sold some of its stake in the online grocer, despite shares trading at their lowest level since the group floated last July
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NewsMorrisons founder to pay £210,000 fine over share sales
Supermarket veteran Sir Ken Morrison is close to reaching a settlement with the FSA over non-disclosure of share sales.
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsBlacks chairman bows to pressure and resigns
Blacks Leisure chairman David Bernstein bowed down to pressure from major shareholder Sports Direct and resigned last week.