All City & finance articles – Page 493
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NewsStrong profits predicted for Next
Broker UBS retained its buy stance on Next ahead of interim results expected next week.
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NewsShareholders approve Dixons name change
DSG International will revert to being called Dixons Retail after shareholders approved the plans at the electricals group’s AGM today.
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NewsStrong first quarter for Sports Direct
Sports Direct had a strong first quarter despite a poor performance from the England team in the football World Cup with sales up 8.8% to £408m in the 13 weeks to July 25.
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News
New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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NewsOcado shares up by 5% ahead of update
General store stocks improved compared with their recent weak showing but the sector remains well down over the year in comparison with food groups and the All-Share index.
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OpinionTime for Argos to help itself
What has almost 1,000 pages and sells everything from air beds to yoga mats? It’s not Argos’s latest big book, but Tesco’s.
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OpinionTough times will sort men from the boys
There will doubtless be the usual gloomy predictions, but Christmas will be OK because Christmas always is.
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NewsHome Retail and Game expected FTSE casualties
Home Retail Group and Game are likely to lose status next week when the FTSE index undergoes one of its regular recalculations.
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.
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NewsPromotions at a high as Co-op profits rise
About 40% of products on Co-operative Group’s food stores are on promotion at present - the highest level in recent times.
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NewsSound results predicted at Debenhams
Debenhams is expected to deliver a robust performance when it updates the City with its pre-close interim management statement on September 14.
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AnalysisNavigating the retail minefield
Halfords isn’t the first retailer to struggle to come to terms with a new warehouse, but supply chain is just one area where retailers come unstuck. Here, we highlight the most common problem areas
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NewsWorld Cup boosts Dixons sales
Electricals group Dixons Retail, owner of the Currys and PC World chains, has reported a good start to the year helped by the World Cup and demand for iPads.
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NewsMountain Warehouse deal values store group at £50m
Private equity firm LDC acquires stake in fast-growing outdoor gear specialist
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NewsDwell secures £5m funding to aid expansion plans
Furniture retailer Dwell has secured £5m in private equity investment from Key Capital Partners to aid expansion plans.
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NewsAppetite for grocers up despite FTSE 100 woes
As the FTSE 100 took a hit on renewed fears of a double-dip recession, investor appetite for food retailers was keener than for general merchandise groups.
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OpinionMy advice to Sir Philip Green
Taking the axe to public servants who hold back retailers would be a good start
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NewsAmerican Apparel UK’s future in the balance amid liquidity fears
Restructuring specialists Hilco and GA Asset advisors are circling the UK arm of US fashion retailer American Apparel as the future of the retailer hangs in the balance.
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NewsDisruption at new warehouse set to hold back Halfords’ sales
Supply chain difficulties following move to centralise distribution set to hit retailer’s Q2 like-for-likes
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NewsFreemans thinks big as it returns to profit
Home shopping group Freemans Grattan Holdings claims it has returned to profit after a major business restructuring, and plans to launch a plus-size offer for customers early next year.