All City & finance articles – Page 488
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NewsOcado rises on expansion prospects
Ocado shares rose at the start of the week when the home shopping group, which sells Waitrose groceries as well as other brands, said it could cater for 1.5 million more potential customers by expanding delivery to the Southwest of England and South Wales.
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NewsGo Outdoors emerges as bidder for Blacks
Privately-owned specialist retailer Go Outdoors has emerged as a bidder for Blacks, Retail Week has learned.
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NewsPrivate equity bids in for Office
PAI Partners, the private equity firm behind Spanish fashion retail giant Cortefiel, and T J Hughes investor Silverfleet Capital, have thrown their hats in the ring to buy footwear retailer Office, Retail Week can reveal.
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OpinionFunding is out there, but only for the best deals
Funding is out there for deals involving large retailers with dominant market positions, but is still harder to come by for smaller deals and distressed situations, the World Retail Congress heard this morning.
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NewsPhones 4U considers refinancing as alternative to sale
The owners of Phones4u are considering refinancing the business as an alternative to selling it, it is understood.
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NewsCarpetright UK & Ireland like-for-likes drop 7.3%
Floorings specialist Carpetright group sales dropped 5.2% in the 12 weeks to October 23, with the retailer saying it expects tough trading conditions to continue into 2011.
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NewsPark Group expands into eurozone
Christmas hampers and vouchers specialist Park Group is expanding internationally.
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NewsHolland & Barrett owner eyes £1bn sales for next five years
Holland & Barrett owner NBTY Europe is targeting £1bn of sales over the next five years following its takeover by US private equity firm Carlyle Group.
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NewsTycoon Jagtiani amasses $1bn fund for raid on UK fashion retail
Dubai retail tycoon Micky Jagtiani has amassed a $1bn (£628.2m) fund for acquisitions next year and is again eyeing UK fashion retailers.
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NewsBlacks’ shares perk up after bid approaches
Outdoor goods specialist Blacks was at the centre of the week’s retail share price action after revealing approaches from potential buyers.
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NewsMothercare shares rise after update
Maternity specialist Mothercare’s shares were up after last week’s second-quarter and first-half update.
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NewsRetailers braced for difficult trading after ‘necessary’ cuts
Retailers warn public sector cuts will hit spending and exacerbate the North/South divide
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NewsAnalysts warn bids for Blacks will reflect tough trading spell
Bids for outdoor goods specialist Blacks Leisure are unlikely to match the level offered by rival Sports Direct earlier this year, analysts fear.
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NewsWHSmith travel arm trumps high street for the first time
WHSmith could demerge its travel and high street arms as early as this financial year, some analysts believe.
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NewsAsos UK growth slows but international sales rocket
Analysts have taken heart from Asos’s strong international performance despite UK growth slowing as the etail fashion giant introduced free returns.
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OpinionWhat’s best for Blacks?
It’s easy to forget but, as privately owned specialists bid for pre-eminence in the outdoor goods market, a public company holds the commanding heights.
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OpinionA good result, but Swann can do better
WHSmith should be awarded nine out of 10 for margin management and cost control: the alchemy of generating a profits increase in another year of like-for-like sales declines.
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NewsSuits You owners start strategic review of business
The owners of SRG, the company behind 66-store menswear chain Suits You, are understood to have begun a strategic review of the business, which could lead to its sale, closure or administration.
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NewsStrong US trade drives Clarks’ record first half
Footwear giant Clarks has delivered a record first half under new chief executive Melissa Potter, but has struggled in the UK and remains cautious about future trading.
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NewsClinton profits jump despite tough trading
Greetings cards retailer Clinton Cards generated a 3% increase in profits last year but has found trading tough in recent weeks, particularly in Ireland.