All City & finance articles – Page 517
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NewsJane Norman sales revive after ‘disappointing’ year
EBITDA fell to £15.8m in the year to March 28, 2009, down from £29.5m the year before, according to accounts filed at Companies House. Sales were flat at £148.8m but heavy markdowns following what it described as a “disappointing” reaction to ranges in the second half of the year led ...
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OpinionRetail surgery: I have recently received a letter from a different lender than the bank we agreed our loan with, stating that now I owe them money. How can that be?
I have recently received a letter from a different lender than the bank we agreed our loan with, stating that now I owe them money. How can that be?
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NewsAnalyst opinion mixed as Ocado eyes spring flotation
Online grocer Ocado has moved a step closer to a potential IPO and is understood to be gearing up for a spring flotation.
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News
Half of stores and staff under threat at Ethel Austin
The administrator to value fashion retailer Ethel Austin has earmarked half of its 270 stores for closure.
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AnalysisBest Buy could do worse than buy into Australia
While on the face of it an acquisition seems far fetched, Best Buy purchasing a top five player in a buoyant market wouldn’t be the craziest move.
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NewsPeacock Group back on form, says Richard Kirk
Peacock Group chief executive Richard Kirk said the group is expected to report a return to form in the year to March 2010 with EBITDA of £80m.
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NewsBlacks seeks funds to rejuvenate store portfolio
Blacks Leisure has taken another step in its turnaround plan with a proposal to raise £20.3m through a placing and open offer.
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NewsSir Richard Greenbury defends Marc Bolland’s M&S reward
Sir Richard Greenbury, ex-chairman and chief executive of Marks & Spencer, who led the retailer to profits of more than £1bn for the first time, has defended the reward package given to incoming boss Marc Bolland.
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AnalysisRetailer partnerships will build Boots’ legacy
Boots sees partnerships with other retailers as key to its future growth. Three years on from Stefano Pessina’s takeover, Jennifer Creevy visits its Nottingham HQ
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AnalysisBusiness sales: retail makeover tactics
After a year when retailers often got the cold shoulder, both private equity and IPO activity in the sector is picking up. Joanna Perry examines the makeover tactics retailers use to encourage a sale
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NewsMore retail deals on private equity’s radar
Renewed private equity activity and low retailer valuations raise the likelihood of another round of public-to-private deals, Oriel analysts believe.
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OpinionMultichannel retail’s pioneers
A decade after the dotcom crash, online and multichannel retail are firmly established. But as entrepreneurs quest for transformational business models, the multichannel merits of older companies should not be overlooked
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OpinionWeak retailers need to be weeded out
UK retail, particularly fashion, has too many weak brands and too many stores. If consolidation does turn out to be the theme of 2010, that won’t be such a bad thing.
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NewsABI may challenge Marc Bolland’s M&S pay package
Incoming M&S chief executive Marc Bolland is facing objections from the Association of British Insurers over his £14.8m pay package.
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NewsHalfords considers HobbyCraft bid
Halfords is mulling a bid for the arts and crafts retailer HobbyCraft, according to reports.
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NewsSales growth slows to 15-year low in January as snow hits trade
Bad weather brought sales growth on the high street to a 15-year low in January down 0.7% on a like-for-like basis.
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NewsOcado appoints advisers ahead of float
Online food retailer Ocado has appointed advisors for ahead of a float which could come as early as May, according to reports.
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NewsThe Book People agrees £15m asset-backed loan deal
Direct bookseller The Book People has secured a £15m asset-based loan facility from specialist lender Burdale to support current and future working capital requirements.
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NewsBlacks Leisure to raise £20.3m for recovery drive
Outdoors specialist Blacks Leisure has unveiled proposals to raise £20.3m through a share placing and open offer.