All City & finance articles – Page 514
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NewsCard Factory founders set to rake in £400m
Card Factory has received bids for the business from several private equity groups that could result in the founders taking home a £400m windfall.
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NewsBlacks Leisure starts store expansion
Blacks Leisure has begun a store rollout programme which it said is the next phase in the company’s turnaround plan.
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NewsMatalan founder to pay himself £250m dividend
Matalan founder John Hargreaves is set to pay himself a £250m dividend as part of refinancing plans at the value chain.
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NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
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NewsCity sees opportunity as shares fall again
General retailers had another poor week and have lost about 10% of their value this year.
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Game to shrink portfolio amid tough trading
Entertainment retailer Game is to shut 18 stores and all of its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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OpinionBlacks’ uphill struggle
Blacks chief executive Neil Gillis must feel like a mountain walker approaching the summit only to find there’s a steep rock face still to climb.
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Dunelm eyes expansion as profit and sales impress City
Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.
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Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
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NewsRWC2010: Retail poised for period of M&A activity, says Debenhams chief
Debenhams chief executive Rob Templeman has said the sector is poised for a period of mergers and acquisitions as the recovery gains momentum.
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NewsH&M proposes stock split
H&M will propose a stock split at its annual general meeting, whereby each of its existing shares will be divided into two new shares to dilute its share price and give its customers more opportunity invest in the retailer.
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NewsSports Direct mulls bid for Blacks
Sports Direct is considering making a bid for Blacks Leisure after blocking its proposed fundraising plans.
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NewsSuperGroup ‘oversubscribed’ as IPO bookbuilding ends
Fashion retailer SuperGroup expects to close its IPO bookbuilding within 24 hours and the offer is likely to be oversubscribed, Retail Week has learned.
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NewsWHSmith eyes Hughes & Hughes assets
WHSmith is reported to be considering a bid for the assets of Irish book chain Hughes & Hughes which collapsed last week.
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NewsIndicative bids for HobbyCraft to be submitted today
First round offers are due today for specialist retailer HobbyCraft, which is being sold by the founding Haskins family.
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NewsSupergroup presses ahead with float despite mixed feedback on pricing
SuperGroup has expressed commitment to a flotation on the London Stock Exchange despite concerns over pricing.
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NewsSuits You confident of profit breakthrough after CVA rescue
Speciality Retail Group chairman Peter Lucas has vowed that the struggling menswear retailer will make a profit in the year to January 2011, after it was rescued from administration by a company voluntary arrangement on Tuesday.
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NewsJ Crew hits UK after deal with Net-a-Porter
US fashion brand J Crew will be available in the UK for the first time after striking a partnership with etailer Net-a-Porter.
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NewsTraditional toys aid Modelzone growth
Model and hobby retailer Modelzone is benefiting from consumers returning to more traditional toys and games, with like-for-like sales up 7% last year.