All City & finance articles – Page 478
-
NewsAlworths meeting in bid to secure business’ future
Alworths, the ‘son of Woolworths’ chain launched by a former Woolworths director, was due to meet with financial adviser Leonard Curtis to discuss its future as Retail Week went to press.
-
NewsArgos to drive engagement with TV channel
Catalogue store group Argos is to launch a digital TV home shopping channel this summer.
-
NewsLighting specialist Ryness deemed ‘attractive asset’ as it goes up for sale
Ryness Lighting & Electrical has been put up for sale by its private equity owner Epic.
-
NewsPoor weather conditions hit Flying Brands’ profit
Multichannel retailer Flying Brands reported a fall in full-year group pre-tax profit as poor weather hampered its core gardening and flowers business during crucial trading periods.
-
NewsFrench Connection to up sales densities
French Connection has vowed to drive sales densities in stores after its UK and European retail arm slipped into the red.
-
NewsDebenhams on track for profit growth
Department store group Debenhams assured the City that interim profits would meet consensus and be ahead of last year.
-
NewsMarkets are shaken by Japanese disaster
The earthquake in Japan shook the stock markets worldwide as investors assessed what the costs, commercial as well as human, might be.
-
NewsMorrisons pushes online with stake in US etailer FreshDirect
Morrisons is expecting to circumnavigate the pain of setting up an online food operation with the lessons it will learn from buying a 10% stake in US etailer FreshDirect.
-
NewsStore revamps at heart of JJB’s recovery plans
JJB Sports chief executive Keith Jones is confident that its new business plan can revive the ailing sportswear retailer, despite like-for-likes slumping 13.5% from January 24 to March 13.
-
OpinionNew Malden turns to New York
Morrisons’ acquisition of a stake in New York online grocer FreshDirect came as a bolt from the blue.
-
NewsBenetton profits dip
Benetton, the Italian-based fashion label, said profits for the full-year to December 31, 2010 was down on 2009 figures, largely due to rising raw material costs.
-
NewsAllied Carpets sold by Hilco
Allied Carpets has been sold by restructuring firm Hilco to a consortium of private investors.
-
AnalysisRETAIL 2011
The definitive report on the state of the retail industry, from the leaders in UK retail
-
NewsDebenhams first half profit to be ahead of last year
Department store group Debenhams said it expects pretax profit for its first half to be ahead of last year and in line with management expectations but it remains cautious on the outlook.
-
NewsKesa chief executive is most 'overpaid' FTSE 250 boss
Thierry Falque-Pierrotin, chief executive of Comet owner Kesa, is the most ‘overpaid’ FTSE 250 chief executive a study has found.
-
NewsJD Sports Fashion and JJB Sports talks are off
JD Sports Fashion has announced it has no intention to make an offer for JJB Sports, claiming JJB has failed to reveal key information about the business.
-
NewsJJB meets its shareholders ahead of fundraising plea
JJB Sports chief executive Keith Jones has visited the US to brief big shareholders in preparation for the retailer’s next round of fundraising.
-
News
Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
-
NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).
-
NewsControversial asset-based refinancing tops up TJ Hughes
Value department store group TJ Hughes has refinanced using an asset-based facility rather than conventional borrowing.