All City & finance articles – Page 476
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NewsBlockbuster UK boss says business isn’t under threat
Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.
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NewsClarke needs to convince UK still offers growth for Tesco
New Tesco chief executive Phil Clarke needs to do more to reassure the market about its performance and growth prospects in the UK, while also convince it of the virtues of its international operations, broker Barclays Capital said this week.
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NewsCVA talks with landlords ‘constructive’, says JJB
JJB Sports chief executive Keith Jones said he has been encouraged by landlords’ responses so far as crunch talks about the retailer’s potential CVA continue.
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NewsJJB troubles highlight sector-wide problems
General stores once again lagged the All-Share index as the sector’s problems were put centre stage by JJB’s plans for a second CVA.
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NewsOcado slips as John Lewis sells stake
Online grocer Ocado’s share slipped after John Lewis’s pension trust sold its remaining 10% stake in the etailer for £152m.
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OpinionMorrisons leaps into etail age
Supermarket group Morrisons’ acquisition of online specialist Kiddicare looks like an inspired deal.
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NewsSainsbury's chief executive King sells tranche of shares
Sainsbury’s chief executive Justin King yesterday sold 50,000 of his shares in the grocer, the latest disposal by a director in the past month.
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NewsGame to invest £15m in its three year multi-channel strategy
Game is to invest £15m in its three year multi-channel strategy and has secured refinancing from its banks for the period until 2014.
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NewsNew Look's valuation halved by private equity owner
The valuation of fast fashion group New Look has been halved by private equity backers.
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OpinionThe deals going down in retail
Looking back, 2010 turned out to be a pretty active year for retail M&A, with 14 UK deals worth more than £50m, of which seven were over £250m.
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NewsFindel unveils £80.5m fundraising
Home shopping group Findel has unveiled an £80.5m fundraising as it restructures its balance sheet and bids to improve performance.
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NewsJohn Lewis pension trust sells Ocado stake
The John Lewis Partnership Pensions Trust has sold its remaining stake in online grocer Ocado.
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OpinionBest Buy thinks outside the box
It is less than a year since US electricals giant Best Buy planted its flag in this country in partnership with Carphone Warehouse with its first big-box store in Thurrock.
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NewsGo Outdoors considers float as its plans for growth accelerate
Outdoor specialist Go Outdoors will decide whether to push the button on a float of the business early next year, after having ruled out a sale.
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NewsPeacocks prompts IPO speculation after beginning hunt for chairman
Value fashion group Peacocks intends to appoint a chairman for the first time in five years, prompting speculation that an IPO may be on the cards.
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NewsFrench Connection steams ahead
Fashion group French Connection expects profits for the year just ended to be at least £6.8m, compared with a restated £1m last year.
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NewsSainsbury’s improved offer impresses analysts
City analysts came away from a company visit last week impressed by the improvements Sainsbury’s is making in non-food.
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NewsGeneral stores boosted by January sales rise
A January sales fillip, takeover talk and musical chairs in the boardroom helped buoy up general retailers over the week and they outperformed the All-share index.
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NewsHugo Boss sell-off suits new-look Moss Bros
Moss Bros boss Brian Brick has hailed the decision to sell its 15 Hugo Boss franchise stores to Hugo Boss UK for £16.5m as a “transformational” moment for the group.
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NewsSuperGroup vows stellar performance will continue
SuperGroup chief executive Julian Dunkerton has promised continued growth after a stellar third quarter, and said the retailer’s phenomenal share price rise since last year’s IPO reflected that the company is delivering on its promises so far.