All City & finance articles – Page 528
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NewsVAT to return to 17.5% in January
Chancellor Alistair Darling has confirmed in his pre-budget report that VAT will return to 17.5% on January 1, 2010.
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NewsPark Group sales up in ‘encouraging’ market
Christmas hamper and corporate gift voucher specialist Park Group has posted interim figures for the six months to 30 September 2009 up 6% on the same period last year and reported orders for Christmas 2010 “well ahead of last year at this stage”.
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NewsGame like-for-likes drop 15.1%
Game’s group like-for-likes slumped 15.1% in the 44 weeks to December 5, but the retailer claimed it had continued to take market share.
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NewsClintons set for Christmas after Halloween bonanza
Analysts are “cautiously optimistic” for Clinton Cards’ crucial Christmas trading period after the greeting cards retailer revealed solid trading in recent weeks.
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NewsSports Direct ahead in flat week for retail
He might be better known for his experience as a policeman than as a City grandee, but Sports Direct’s appointment of former West Yorkshire chief constable Keith Hellawell as chairman led to it being the biggest riser among the retail stocks last week.
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NewsAlexon turnaround plan bears fruit
Slowing like-for-like sales declines at Alexon have given analysts cause for optimism for 2010.
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NewsAstley Clarke mulls international growth
Luxury jewellery etailer Astley Clarke is considering seeking further investment next year to bolster growth after like-for-like sales for its third year jumped 40%.
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NewsCarphone’s ‘wireless world’ to grow as it readies for Best Buy
Carphone Warehouse is to expand its number of ‘wireless world’ format stores in the second half and speed up openings in the new financial year.
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News
Bicycle etailer Wiggle gunning to double sales
Online bikes retailer Wiggle is aiming to double its turnover within the next two to three years and is not ruling out opening shops.
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NewsWaterstone’s challenges not over
The collapse of Borders UK won’t have surprised many market watchers. Specialist booksellers have been having a tough time for years – firstly hit by the bargain basement prices offered by the supermarkets, then the rise of online giants such as Amazon. Borders didn’t help itself either, but its collapse ...
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NewsSpecsavers on course for strong year as value strategy pays off
Specsavers is confident of hitting a £1.4bn turnover in its full year to the end of February after reinforcing its value credentials.
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NewsJD Sports still prospering despite rival’s resurgence
JD Sports has continued to trade well despite strengthening competition and is confident of its prospects for the rest of its financial year.
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NewsNew Look appoints advisers for IPO
New Look has appointed three investment banks to advise on its IPO in early 2010.
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NewsJD sales remain positive
JD Sports Fashion said that trading has remained positive with sales at both its fashion and sports fascias continuing to perform well.
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NewsFindel appoints new chief executive
Findel has today appointed a new chief executive, Philip Maudsley, and announced that current chief Patrick Jolly will leave the home shopping group.
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NewsBest Buy Europe profits to be at top end of expectations
Carphone Warehouse expects its share of full-year net income from Best Buy Europe to be at the top end of expectations and said it is on track to open big box stores next spring.
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NewsTurnaround on horizon for Blacks after successful CVA
Blacks Leisure will focus on refreshing its portfolio after its company voluntary arrangement (CVA) was passed by landlords, shoring up its future.
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OpinionMorrisons after Marc Bolland
The high value attributed to Morrisons chief executive Marc Bolland was evident in the share price reaction when it emerged last week that he was jumping ship to Marks & Spencer. M&S jumped 6% on the news, while Morrisons was down 5%, and Bolland was dubbed the billion-dollar man.
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsRetail sales at Ted Baker rise as UK fares well
Retail sales at fashion retailer Ted Baker climbed 19.8% over the 13 weeks to November 14, as strong UK sales growth offset difficult trading in overseas markets.