All City & finance articles – Page 509
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NewsLess healthy foods face ‘fat VAT’ threat, Justin King warns
Sainsbury’s boss envisages tax change as Government tries to balance the books
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NewsKingfisher and Topps Tiles updates won’t lift home sector gloom
Updates from Kingfisher and Topps Tiles next week are expected to paint a subdued picture of the home sector’s performance.
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AnalysisThe price is right?
Despite topline inflation being high, an expected period of low shop price inflation could be painful for food retailers
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NewsProfits soar at pawnbroker Albemarle & Bond
Pawnbroker Albemarle & Bond is plotting more stores as cash-strapped consumers helped pre-tax profits soar 75% to £10.8m.
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NewsFlying Brands buys Flowers Direct
Flying Brands has bought flower delivery firm Flowers Direct out of administration for £2.95m.
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NewsMarks & Spencer set to unveil 4% rise in annual pre-tax profits
Marks & Spencer is expected to unveil a 4% rise in full-year pre-tax profits to £628m tomorrow, according to reports.
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NewsPentland builds stake in Blacks to block another Mike Ashley bid
Updated: Blacks Leisure confirmed today that Pentland Group has snapped up a 5.86% stake in the outdoor specialist.
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NewsHotel Chocolat aims to raise £5m through ‘chocolate bonds’
Hotel Chocolat wants to raise £5m of development funds through the launch of a ‘chocolate bond’ which will reward members with chocolates.
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NewsAndy Hornby earns £2m for first nine months as Alliance Boots chief
Alliance Boots boss Andy Hornby was paid over £2m for the first nine months in his role at the pharmacy and beauty chain.
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NewsB&M Bargains profits grow 140% in 2009
Value retailer B&M Bargains is aiming for £1bn in sales within five years as it reported another set of sparkling full-year figures.
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NewsHalfords to hire mergers and acquisitions director
Motor accessories and cycles specialist Halfords is on the hunt for a head of mergers and acquisitions as it strives to bolster its offer.
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NewsClaire’s appoints ex-Levi’s retail chief
Accessories chain Claire’s has hired Levi’s retail director Sheila Hamilton as managing director of its UK and Republic of Ireland division.
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News
New chief shuffles top team to ‘put Fat Face back on the map’
New Fat Face chief executive Anthony Thompson has reshuffled his top team to streamline the business and help “put Fat Face back on the map”.
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AnalysisBanking facilities
After the recession, banks are once again starting to take a more flexible approach to providing retailers with lending facilities
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OpinionPrivate ownership has turbocharged Boots
Have a conversation with Stefano Pessina and it won’t be long before he utters the phrase “double-digit growth” in his distinctive Italian accent. People who work with him probably hear him saying it in their sleep. It is his mantra and Alliance Boots has pulled it off again this year ...
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NewsBrokers raise a glass to Majestic Wine
Wine specialist Majestic disclosed on Monday that full-year profits, scheduled to be reported next month, will be at the top end of City expectations.
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NewsSainsbury’s performance buoyed by Nectar scheme
Sainsbury’s chief executive Justin King has said the grocer will continue to focus on “genuine promotions” on products bought frequently as it continues to exploit its Nectar loyalty scheme.
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NewsDSGi looks to score with World Cup TV sales
Group like-for-like sales at electricals retailer DSGi climbed 6% in the fourth quarter, bringing the advance for the year to 2%.
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NewsTravis Perkins sales dip sets gloomy sector tone
Wickes’ owner, Travis Perkins, reported a decline in sales at its retail arm that analysts believe will be mirrored in updates from rivals B&Q and Homebase next month.
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Analysis
The new North-South divide
With looming public sector cuts and job losses set to hit the North harder than the South, will regional disparities return?