All City & finance articles – Page 502
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NewsRefreshed Robert Dyas surges back into black
Broadened appeal, focus on own-brand and tighter cost control lifts hardware retailer
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NewsGrowth slows but BrightHouse still going strong
BrightHouse has had another strong year of growth as the retailer benefits from low income families seeking alternative credit lines.
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NewsN Brown ‘a good buy’ with prospects
Panmure Gordon reiterated its buy advice on home shopping group N Brown following an investor evening last week.
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NewsJoules eyes major city centres as profits soar
Lifestyle retailer Joules is targeting major city centre locations for store openings for the first time, after reporting net profit soared 200% to £3.6m in the year to May 1.
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NewsCity forces Ocado to slash IPO share price
The City kept up pressure on Ocado as it prepared for Wednesday’s float and, at the last moment, forced the online grocer to slash its asking price.
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OpinionDebenhams feels the love
Department store Debenhams took another step towards improving its capital structure this week when it completed a £650m refinancing, which will cut the cost of borrowing and extend debt maturity.
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AnalysisHow UK retail is extending its franchise
Franchising helps overseas ventures, but how do you decide whether to run company-owned stores or take the franchise route?
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OpinionA sobering lesson for Ocado’s founders
Well, they got it away, but there won’t have been too many champagne corks being popped in Ocado’s Hatfield headquarters on Wednesday morning.
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Opinion
A humbling experience?
Ocado may have got its float away - just - but the whole process has been an embarassment to its founders.
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NewsShop Direct full year losses narrow
Littlewoods owner Shop Direct said its pre-tax losses narrowed from £114m to £21m in the year to April 30 after a year of “significant restructuring”.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsOcado secures 80% of orders for IPO shares
Ocado is understood to have secured orders for about 80% of the shares it is seeking to sell in its flotation.
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NewsDebenhams completes refinancing
Debenhams has confirmed that it has completed the refinancing of its borrowing facilities, with the signing of a new £650m credit facility.
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NewsBrightHouse full year like-for-likes grow 10.7%
BrightHouse has had another strong year of growth, with like-for-likes increasing 10.7% in the year to March 31.
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NewsBurberry buys out Chinese franchisee
Luxury retailer and brand Burberry has agreed to buy 50 stores in China from its franchisee in a deal worth £70m.
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NewsMothercare to take 25% stake in Australian franchisee
Mothercare is to take a stake 25% in Headline Group, which holds the Mothercare and Early Learning Centre franchises in Australia and New Zealand.
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News
Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsCity pressure mounts on Ocado ahead of float
Pressure is mounting on Ocado to lower the valuation of its initial public offering (IPO) as investors and analysts continue to baulk at the ambitious price tag placed on the online grocer.
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OpinionTough times lie ahead but retail looks resilient
An early exit from the World Cup and weather that was more suited to the beach than the shopping mall didn’t augur well for a bumper June in the shops. Yet this week’s BRC sales figures, backed up by anecdotal evidence from leading retailers, suggest a steady recovery is continuing.