All City & finance articles – Page 510
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NewsMorrisons awards shares to Philips
Morrisons has awarded two tranches of shares to new chief executive Dalton Philips, who took up his role last week.
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NewsBlacks chiefs regain focus as Sports Direct backs off
Blacks Leisure’s management celebrated the end of “an unwelcome distraction” when rival Sports Direct decided not to proceed with a takeover attempt.
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OpinionBad news for grocers’ shares
Food retailers’ shares have been dull for a while, left on the shelf by investors seeking value among general retailers and in other sectors.
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NewsLow inflation deals blow to grocers’ shares
The lowest food inflation in three years may make life more difficult for the big grocers, whose shares have been lagging their general merchandise counterparts.
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NewsCity unfazed by Mothercare like-for-like knock
Mothercare suffered its first quarter of negative like-for-likes in three years after the cold snap hit sales.
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NewsConcerns over Topps Tiles forecasts spark downgrades
A worse than expected update from Topps Tiles led to widespread downgrades to profit forecasts as analysts voiced concern over dampened appetite for home and big-ticket purchases.
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NewsPoor weather prompts mixed Easter trading
Poor weather conditions dampened retailers’ sales during the early part of the crucial Easter trading weekend but there were also some welcome bright spots over the four-day break.
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OpinionCan private equity only sell to its own?
Simon Laffin Independent retail adviser and non-executive director
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NewsM&S Q4 sales beat expectations
Marks & Spencer has revealed a 5.1% increase in fourth quarter like-for-like sales, well above expectations, driven by a strong performance from general merchandise.
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NewsCard Factory to be sold to Charterhouse
Card Factory is poised to be sold to private equity firm Charterhouse for more than £350m, sources familiar with the situation have told Retail Week.
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NewsMorrisons awards shares to new chief executive Dalton Philips
Supermarket group Morrisons has awarded two tranches of shares to new chief executive Dalton Philips who took up his role earlier this week.
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NewsRichemont acquires Net-a-Porter
Luxury goods group Richemont has confirmed it will buy Net-a-Porter in a deal that values the online designer fashion retailer at £350m.
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NewsCath Kidston confirms sale and lays out international expansion plans
Cath Kidston has confirmed it has been bought by TA Associates as it lays out plans for international expansion.
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NewsMatalan completes £525m refinancing
Value fashion retailer Matalan has refinanced by raising £525m of debt.
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NewsFindel pre-tax losses to be higher after restatement
Home shopping group Findel is to restate results for the year to April 3, 2009, following a review of accounting entries within its education division.
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NewsM&S appoints kidswear chief to head share battle
Marks & Spencer has promoted Karl Doyle to the role of trading director for kidswear.
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NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
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OpinionBolland can refine M&S execution
There is scope for executional improvement throughout M&S so that the promise of the ads is fully reflected in what the customer finds in-store. Perhaps that will be Bolland’s biggest impact.
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News
Super Thursday retail updates bolster stocks
A round of strong results from retailers as diverse as Next and Kingfisher on ‘super Thursday’ last week helped lift some store stocks, but general retailers overall lagged the All-Share index and food shares were moribund.
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NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.