All City & finance articles – Page 525
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NewsDebenhams buys Danish chain to extend presence
Department store operator Debenhams last week bought Danish department store group Magasin du Nord for £12.3m, providing a bridgehead into Europe.
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OpinionIPO hopes hang on Christmas
The Christmas selling season got off to its now traditional start this week: Debenhams held a Sale.
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NewsGrocers lead the way as retail shares rise
A raft of results generally in line with expectations and signs of corporate activity returning to the sector helped general retailers keep pace with the index, but food groups were the week’s stars.
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NewsMajestic Wine ‘optimistic’ as six-bottle initiative lifts sales
Wine specialist Majestic Wine is “optimistic” about Christmas trading after reporting a better than expected UK interim like-for-like sales rise.
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NewsMothercare upbeat as profits jump
Mothercare chief executive Ben Gordon said it was in the “best shape” it has ever been in the run-up to Christmas as the mother and baby specialist revealed underlying profits up 15.4% in the 28 weeks to October 10.
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NewsProfits motor ahead at Halfords
Motor accessories and leisure group Halfords has posted a 24% rise in first-half profits and is confident of meeting full-year expectations.
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NewsAdili finance director leaves
The finance director of ethical etailer Adili has left the business as part of a restructure.
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NewsMothercare reshapes portfolio as profits rise
Maternity specialist Mothercare has disclosed strong interim results and unveiled plans to take advantage of property market conditions to reshape key parts of its estate.
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NewsM&S launches £225m bond buy-back
Marks & Spencer has launched an offer to buy back up to £225m of corporate bonds and, subject to take-up, issue new debt with longer maturity.
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NewsMajestic Wine profit climbs 9% in first half
Majestic Wine’s pre-tax profit jumped 9% to £6.1m in the 26 weeks to September 28.
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NewsModern Warfare 2 fires up flagging games sector
Games retailers pulled out all the stops this week as they clambered to grab share of the biggest ever software launch to hit the market.
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NewsIndie grocer Booths wins back shoppers with value range push
Independent grocer Booths nudged up pre-tax profits and like-for-like sales last year.
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OpinionMarks & Spencer takes a bigger bite
The long siege of Marks & Spencer’s food division by grocery rivals has not yet been lifted, but the defence is looking more confident and the fight is increasingly being taken to the opposition.
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NewsMothercare could suffer from toy discounting
Maternity specialist Mothercare, which also owns Early Learning Centre (ELC), posts interims on Wednesday, when broker Singer expects flat profits of about £9.7m.
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NewsStrong October sales growth drives shares
The best October sales growth in almost a decade and more upbeat pronouncements from store chiefs helped catapult general retail stocks into orbit versus their All-Share and food counterparts.
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NewsSignet upbeat as Ernest Jones sales improve
Jewellery retailer Signet reported that an improvement at its Ernest Jones chain has helped it achieve almost flat UK like-for-like sales in its third quarter to October 31.
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NewsSavers reduces losses and pins hopes on rallying like-for-likes
Value health and beauty chain Savers reduced its losses in the last financial year and is confident it is moving towards profitability.
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NewsNew strategy lifts Majestic Wine
Majestic Wine is expected to report a solid performance at its interim results on Monday.
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NewsGreggs eyes 100 Threshers stores
Bakery specialist Greggs is considering taking on 100 stores from Threshers owner First Quench, the off-licence group that collapsed into administration a fortnight ago.
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NewsWHSmith posts 1% group sales fall
Bookseller and stationer WHSmith disclosed that total sales fell 1% in the first 10 weeks of the financial year and it is planning for competitive trading conditions at Christmas.