All City & finance articles – Page 487
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NewsProfits jump at Zara-owner Inditex as its expansion pays off
Zara-owner Inditex net profit increased 42% to €1.2bn (£994m) in the nine months to October 31 across the fashion group, which also owns Massimo Dutti and Bershka.
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NewsRussian tycoon Mamut increases HMV stake
Russian oligarch Alexander Mamut yesterday increased his holding in troubled entertainment retailer HMV.
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NewsWickes sales grow as shoppers buy ahead of VAT rise
DIY chain Wickes like-for–likes grew 0.6% in the 47 weeks to November 27 with turnover up 2.7%.
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NewsPPR scotches Burberry takeover talk
French luxury goods group PPR, the business behind brands including Gucci, Stella McCartney and Alexander McQueen, has quashed speculation that it intends to acquire British luxury retailer and brand Burberry.
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NewsPhones4U deal likely to be valued below £700m
Private equity firm BC Partners is likely to pay less than the £700m anticipated for Phones4U by present owner Providence Equity Partners.
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NewsDebenhams and Tesco top JP Morgan’s 2011 picks
Department store group Debenhams and leading grocer Tesco feature on broker JP Morgan Cazenove’s list of top stock picks for 2011, while fashion giant Next and supermarket group Sainsbury’s should be avoided.
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NewsActivist investor won’t lead to Kesa break-up, chairman vows
Kesa chairman David Newlands has downplayed the suggestion that stakebulding by investor Knight Vinke indicates sweeping change is likely at the electricals group.
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NewsTesco set for strong Christmas after better-than-expected sales
Tesco reported that consumer sentiment is improving as it posted better-than-expected UK like-for-likes.
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NewsLombok turnaround puts it back into black
Furniture chain Lombok has bounced back into the black, after instigating a turnaround plan that saw it slash costs and shut stores.
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AnalysisBoxing Day trading
With Boxing Day falling on a Sunday this year, trading hours will be shorter. What impact will this have on retailers in-store and online?
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NewsN Brown’s US debut shows potential
N Brown’s entry into the US market could add 15% to 30% to the top line in the medium term, broker Panmure Gordon wrote after a meeting with management.
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NewsKingfisher profits rise despite tough trading
Kingfisher’s third-quarter performance was well received by analysts despite a drop off at B&Q.
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NewsTesco’s share growing but Morrisons falters
Tesco is back in the driving seat with aggressive promotions leading to a market share gain for the first time since May, while rival Morrisons’ share has slipped for the first time since 2007.
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NewsRetail gets the thumbs up as it outperforms
Investors filled their shopping trolleys with general retail and food stocks alike. The former outperformed the market despite lacklustre BRC sales data for November but are still down year on year.
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OpinionWhat goes up...
SuperGroup has been the retail sector’s share price superstar ever since it floated in March.
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NewsRetailers ramp up promotions as weather hammers trade
Eye-catching promotions used earlier than planned as sales badly affected by snowy conditions
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OpinionThe heat is on to make up lost sales
A successful retail Christmas is all about planning, but even the best laid plans can’t take account of the extreme cold snap that has paralysed large parts of the country over the past fortnight.
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AnalysisPassing on the VAT increase
With VAT set to rise retailers will struggle to absorb the increase, especially as other costs are rising. Some are already putting prices up to make January’s change less noticeable, Nicola Harrison discovers
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NewsMoss Bros confident as like-for-likes rise
Like-for-like sales at menswear group Moss Bros rose by 8.3% in the 18 weeks to December 4.
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NewsGame cautious as like-for-likes drop
Game UK & Ireland like-for-likes slumped 12.2% while total sales dropped 14.7% in the 44 weeks to December 4.