All City & finance articles – Page 521
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NewsMatalan’s ‘fruity’ £1.5bn asking price puts off potential buyers
Hopes of selling Matalan are likely to be dashed unless the reported asking price is cut.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.
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OpinionA reality check for Ocado
Ocado has drawn plenty of glowing press comment and there’s plenty to admire in it, but whether it is flotable is another matter.
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NewsChristmas sales success for New Look
New Look, the value fashion group which is considering an IPO this year, has reported a strong Christmas performance.
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NewsMarks & Spencer celebrates ‘good’ Christmas
Marks & Spencer has hailed Christmas trading a success after posting 0.8% like-for-like sales growth over the festive period but warned that prospects remain uncertain.
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NewsMatalan appoints additional advisers to help £1.5bn sale
Matalan has reportedly appointed Goldman Sachs to advise on the sale of the company as it seeks to accelerate the process.
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NewsJD increases control of Canterbury brand
JD Sports Fashion has has taken control of the Australian distribution company for rugby brand Canterbury, and bought a majority stake in its New Zealand distributor.
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NewsSports Direct broke rules, Blacks tells FSA
Blacks Leisure has reported rival Sports Direct to the Financial Services Authority for allegedly breaking City rules.
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NewsTheo Fennell looks to raise funds to help with turnaround
Luxury jewellery retailer Theo Fennell is exploring options to raise funds through an equity placing as turnover fell 20% on a like-for-like basis in the six months to September 30.
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NewsTopps Tiles’ Dutch business to shut
Topps Tiles’ loss-making Dutch business is to close after the retailer decided not to provide further support and funding.
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NewsSports Direct defends chairman appointment
Sports Direct has denied that it appointed Keith Hellawell chairman because of his experience of chairing a company that, like the sports specialist, has faced an OFT inquiry.
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NewsMulberry’s UK retail arm helps drive performance
Mulberry unveiled a recession-defying performance as pre-tax profits soared 16% to £1.5m in the six months to September 30.
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NewsMoss Bros turns corner as sales rise
Menswear retailer Moss Bros reported improving sales for the 18 weeks to December 5, when like-for-likes climbed 5.5%.
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NewsLord Harris upbeat as Carpetright delivers stellar first half
Carpetright, the UK’s biggest floor coverings specialist, generated pre-tax profit growth of 15.8% to £11m in its first half and is considering further expansion in Europe.
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NewsRetail shares waver as Christmas draws near
As Christmas nears, general retailers were down against the market as store chiefs and investors alike wait with bated breath to see how festive trading turns out.
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NewsLinks of London on course to round off year in strong position
Jewellery retailer Links of London claims it is set to reach sales of £80m by the end of the calendar year, with year-on-year growth of over 30%.
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NewsSpar thrives as it grabs slice of Woolworths share
Convenience store group Spar has reported strong second-quarter results, soaking up some of the confectionery share left up for grabs after the collapse of Woolworths.
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OpinionPoor reading from Waterstone’s
Much is made of the benefits of last man standing status in retail but some, such as HMV-owned bookseller Waterstone’s, look punch-drunk.
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NewsUnited Carpets reports strong half
Profits for United Carpets grew 10.2% to £702,000 in the six months to September 30.