All City & finance articles – Page 488
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NewsPhones 4U to double shop-in-shops in Dixons next year
Phones 4U will double its shop-in-shops in Dixons next year.
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NewsDolphin owner eyes Bathstore
Dolphin Bathrooms owner Sun European Partners has held early discussions with Bathstore over a potential acquisition of the business.
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OpinionDifferentiation will be key in 2011
It’s that time of year for peeping over the parapet to stare at the new year.The trouble with predictions is that so often the reality turns out to be much wilder than the forecasts.
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NewsFindel to raise £80m for investment and to cut debt
Multichannel specialist Findel wants to raise £80m of equity through a rights issue to pay down debt and invest in key areas.
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NewsFalling confidence hits Alexon
Womenswear group Alexon reported weaker-than-expected interims with house broker Investec cutting its full-year forecast.
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OpinionTesco leads overseas charge
Fresh from being shown around its Asian operations, brokers agree that international is Tesco’s most significant growth opportunity.
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NewsDixons ‘staying competitive’ as market conditions toughen
Electricals group Dixons Retail hopes to keep consumers spending when VAT rises next year with eye-catching prices but is unlikely to stage a full-scale VAT holiday.
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NewsOFT to crack down on misleading pricing
The Office of Fair Trading (OFT) is threatening to crack down on retailers’ pricing practices following a study into misleading pricing.
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NewsSales slip at Edinburgh Woollen Mill
Scottish clothing and gifts retailer Edinburgh Woollen Mill’s sales slipped to £156.8m from £157.8m in the year to February 27, despite the opening of 21 stores in the year.
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NewsTopps Tiles grows profits and market share
Topps Tiles grew full-year profits and market share as it revealed it would not initially pass on the January VAT rise to customers.
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NewsKingfisher profits up but B&Q sales down
Kingfisher has reported an 8.2% increase in third quarter profits, but like for like sales were down 4.2% in the UK.
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NewsJJB likely to breach banking covenants
JJB Sports has said it is likely it will breach its banking covenants as trading conditions have remained challenging and like-for-like sales remained below expectations.
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NewsFindel profits up as it seeks to raise £80m through rights issue
Mulitchannel specialists Findel operating profits more than doubled from £0.9m to £1.9m in its home shopping arm in the 26 weeks to October 1.
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NewsTopps Tiles profits and sales up
Topps Tiles pre tax profit grew from £9.9m to £12.4m in the 53 weeks to October 2 as the retailer kept a tight control on costs.
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NewsAll Saints boss Stanford forced to pay out £2.5m
Retail entrepreneur Kevin Stanford has reportedly been forced to pay out £2.5m of his own money after personally guaranteeing a bank loan to his former premium womenswear business Ghost which fell into administration in 2008.
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NewsOffice edges closer to £150m deal with Silverfleet
Retail entrepreneur Sir Tom Hunter has entered exclusive talks with private equity firm Silverfleet Capital to sell footwear retailer Office for about £150m.
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NewsTesco's Brasher dismisses Clubcard concerns
Tesco’s incoming UK chief executive Richard Brasher has dismissed suggestions that its ramped-up loyalty programme is inflating UK sales.
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NewsHalfords puts acquisitions on hold to make core business top priority
Halfords has put potential acquisitions on the back burner as it focuses on the core business.
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OpinionTed’s quirky style adds up
While trendy apparel retailer SuperGroup has been fashionable with investors since its flotation earlier this year, Ted Baker’s shares have been pretty natty too. In the last three months they have climbed almost 25%.
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NewsRetail bears up as FTSE slides on Irish bailout
Stores of all types were down over the week but a little less than the market as a whole, which took fright at the emergency bailout of Ireland.