All City & finance articles – Page 496
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NewsSmartphone shift is Carphone’s ticket
Broker Oriel initiated coverage of Carphone Warehouse with a buy note on the back of consumer adoption of smartphones and the potential of its constituent operations.
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NewsGrocery shares climb defies watchdog news
Food and general retailers alike edged up ahead of the market as the dog days of August got under way. Each continues to lag the All Share index over the year, however.
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NewsWolfson and Harris: tough times in store
Bellwether retailers Carpetright and Next spooked the City on Tuesday with cautious updates presaging punishing times for the stores sector.
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OpinionMorrisons sets the pace
Morrisons has traditionally been the most shy of the big four grocers towards City analysts, investors and the media. Some believe that has led, in part, to its de-rating.
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NewsAxed Waterstone’s boss takes home up to £494,000
Former Waterstone’s managing director Gerry Johnson could take home up to £494,000 in the year to April 24, despite being given the chop in January after a poor Christmas sales performance.
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NewsCarpetright remains cautious as Q1 sales drop
Flooring giant Carpetright has revealed a 2.5% decline in group sales in the 13 weeks to July 31.
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NewsSuits You owner in line for £17m financing
Suits You parent company Baird Group has been given £17m financing from financial services company GE Capital, according to reports.
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NewsNew Look director Lex Gemas exits following float delay
New Look chief operating officer Lex Gemas has exited the value fashion chain after little more than a year at the business.
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NewsAcquisition helps Halfords tick over
Motor accessories and cycles group Halfords posted a 9.6% group sales rise in its first quarter, reflecting its acquisition of Nationwide Autocentres.
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NewsTough times ahead for Ocado, warns broker
It was kerching! for Ocado’s founders as the etailer pulled off its IPO in the face of widespread City scepticism, although the flotation price did not meet original ambitions.
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NewsAmazon bets on Christmas winners
Amazon is betting on games hardware Microsoft Kinect and Sony Move to be its biggest sellers this Christmas as the etail giant revealed global sales rose 41% in its second quarter to $6.57bn (£4.34bn).
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsAurora on song in first year since restructure
Aurora Fashions, the group that operates womenswear chains Oasis, Coast, Karen Millen and Warehouse, has said it has achieved strong single-digit like-for-like growth in the first half of its current financial year across all four brands.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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OpinionNo room for smug consensus
Ocado chief executive Tim Steiner rather gracelessly laid into independent City analysts after last week’s lacklustre IPO, following which the online grocer’s shares immediately fell below the opening price.
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NewsSports Direct makes strides despite England’s early World Cup exit
Sports Direct lost out on sales and potential profits after being left with excess stock following England’s early exit from the World Cup.
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NewsKingfisher focus on profits over sales welcomed
Kingfisher’s focus on profits over sales growth has been welcomed by analysts following a sales dip.
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NewsTough start to the year for Wickes
Builders merchant Travis Perkins’ has reported a tough start to the year at its retail division, including DIY chain Wickes, but the business has gained market share.
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NewsAurora posts first operating profit of £23m
Aurora, the fashion group that owns chain including Oasis, Coast and Karen Millen, has posted operating profit of £22.6m in the 11 months since it was launched from the wreckage of the Icelandic financial meltdown.