All City & finance articles – Page 520
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NewsConsumer Price Index jumps to 2.9%
The Consumer Price Index reached 2.9% in December, up from 1.9% in November, according to the Office for National Statistics.
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NewsPets at Home posts 6.7% Christmas sales rise
Pets at Home, the specialist retailer considering a sale or float, has posted 6.7% like-for-like sales growth over Christmas.
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OpinionTesco likely to stay on buy lists
Despite some gloomy portents before Christmas and some lacklustre trading weeks in the run-up to the big event, the festive season lived up to its name for many store groups.
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NewsDunelm and Topps Tiles stay cautious despite sales jump
The homewares and home improvement market got a qualified vote of confidence as value homewares group Dunelm posted strong Christmas trading and flooring specialist Topps Tiles reported that its financial year had started well.
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NewsCity freezes out retail despite solid results
Despite many retailers delivering impressive Christmas performances, store stocks - other than the grocers’ - were in deep freeze in a flat market.
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OpinionTough lessons to learn
If nothing else 2009 showed why credit insurance is a waste and bonuses aren’t.
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NewsAlexon like-for-like sales drop 14.3%
Alexon Group blamed poor weather on a like-for-like sales fall of 14.3% in the 23 weeks to January 9.
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NewsMoss Bros finance director to step down
Moss Bros group finance director Michael Hitchcock will step down from the formal menswear retailer, it said today.
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NewsHalfords profits to be at top end of forecasts
Motor accessories, cycling and leisure group Halfords will generate full-year profits at the upper end of forecasts ranging between £105m and £112m.
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NewsWaterstone’s boss exits after sales plunge
Entertainment group HMV has parted company with Gerry Johnson, managing director of its Waterstone’s books chain which suffered poor Christmas sales.
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NewsHome Retail Group profits to beat expectations
Argos owner Home Retail Group expects full-year profit to come in £20m ahead of City forecasts at £285m after Christmas trading exceeded management expectations.
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NewsChristmas sales soar at Matalan
Value fashion and homewares group Matalan has hailed an “impressive” Christmas performance and expects continued growth.
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NewsTopps Tiles signals return of consumer confidence after strong first quarter
Topps Tiles said that its current financial year has started well with like-for-like sales in the UK up 5.5% in the 14 weeks to January 3.
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NewsDunelm cautious despite strong first half
Value homewares group Dunelm has posted strong Christmas trading but warned of toughening conditions to come.
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NewsRetail sales growth in December hits a four year high
UK retail sales growth in December grew 4.2% on a like-for-like basis, making it the best December retailers have experienced in four years.
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsBlacks Leisure mulls equity issue as sales start to improve
Blacks Leisure is considering an equity fundraising of between £15m and £20m as sales in its second half began to improve on the back of its restructuring.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.