All City & finance articles – Page 468
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OpinionThe big-box blues
After all the speculation beforehand, Carphone Warehouse gave away little about the future of the fledgling Best Buy big-box business in the UK when it updated on Tuesday
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NewsCity takes dim view of retailers’ mixed results
General retailers and grocers alike were down as a wide range of stores reported a mixed trading picture.
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NewsMajestic maintains its fizz despite flat market
Majestic chief executive Steve Lewis said it was “very much our time” as the wine specialist reported pre-tax profits up 26.6% to £20.3m in the year to March 28.
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NewsGame shareholders revolt over pay
Shareholders in entertainment specialist Game staged a revolt against the retailer’s remuneration stance at yesterday’s AGM.
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NewsGame sales decline prompts downgrades from analysts
Game group like-for-likes dropped 11.3% in the 19 weeks to June 11 as the retailer was hit by a worse than expected decline in the games market.
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NewsTed Baker sales soar ahead of expectations
Premium fashion retailer Ted Baker has beaten analysts’ expectations, posting a 15.2% rise in group revenue for the 19 weeks to June 11.
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NewsReuben brothers take £2m stake in Blue Inc
Billionaire investors the Reuben brothers have taken a holding in fashion retailer Blue Inc, it is understood.
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NewsMajestic Wines profits surge 27%
Majestic Wines group pretax profits surged 26.6% to £20.3m in the 52 weeks to March 28.
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NewsMarks and Spencer reveals bumper pay-outs for Bolland and Rose
Marks and Spencer chief executive Mark Bolland could receive up to £13.8m for his past year’s performance as former boss Sir Stuart Rose was waved off with a £8.1m pay-out.
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NewsIceland profits soar 15% as buyers circle business
Frozen food giant Iceland has scored another record year with pre-tax profits soaring 14.8% to £155.5m, Retail Week can reveal.
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NewsCity sceptical about HMV’s restructuring
Questions remain over HMV’s long-term prospects despite its £220m lifeline
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NewsSales slump at Argos, but Homebase holds up
Argos has suffered a big drop in first quarter sales, but sister DIY chain Homebase managed a resilient performance.
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NewsSainsbury's boss King takes £5m hit to pay packet
Sainsbury’s chief executive Justin King took a £5m hit to his pay packet last year as the supermarket failed to hit some performance targets and he cashed in fewer options.
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NewsFindel profits drop as its turnaround begins
Home shopping group Findel’s pre-tax profit before exceptional items dropped from £11.7m to £7m and its three year turnaround begins.
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NewsTony Shiret made redundant by Credit Suisse
Tony Shiret, the highly regarded analyst and vocal critic of Marks & Spencer under the leadership of Sir Stuart Rose, has left Credit Suisse after 18 years with the bank.
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NewsHMV secures refinancing lifeline
HMV has been given a lifeline by its banks as it has secured a new two-year refinancing plan worth £220m.
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NewsHMV close to securing £210m refinancing deal
Embattled entertainment retailer HMV is thought to be close to securing a refinancing deal to ensure its future.
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NewsAurum gears up to select preferred bidder in its £200m sale process
Jewellery group Aurum, which owns chains including Goldsmiths and Mappin & Webb, is expected to pick a preferred bidder for its 165-store business by mid-summer.
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NewsTopps Tiles aims to outperform with brand focus
Topps Tiles will focus on brand building through more marketing as it seeks to outperform the market in its second half.
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NewsSuperGroup’s ascent 'can continue'
Fashion specialist SuperGroup’s proposed move into flagship Regent Street premises, revealed by Retail Week last week, divided opinion.