All City & finance articles – Page 530
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News
Alworths ‘will break even’ in first year
Alworths, the variety chain set up by former Woolworths director Andy Latham, expects to break even in year one of trading.
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NewsPotential Pets at Home IPO whets City appetite
Pets at Home’s possible float next year is likely to generate strong interest from the City, according to analysts.
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NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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NewsMarks & Spencer operating costs hike hits shares
Marks & Spencer’s shares fell 4.4% as the City digested last week’s second-quarter update.
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NewsTJ Hughes results spur expansion plan
Discount department store operator TJ Hughes is pushing ahead with expansion after it reported turnover increased 9.1% to £261.3m in the year to January 31.
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OpinionIPOs will face an inquisition
After all the feverish speculation of the past few weeks, there is now little doubt that a raft of retailers is preparing to float in the new year.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% for the seventh month in a row.
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NewsCarphone reports "commendable" second quarter
Carphone Warehouse’s retail division, Best Buy Europe, reported that connections rose by 2% to 3.17m in the second quarter.
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NewsHalfords like-for-likes up 2.2%
Halfords has reported like-for-like sales are up 2.2% in its second quarter and said it is confident it will deliver further profit growth in the second quarter.
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NewsDunelm founder sells 8% stake
Updated: Dunelm founder and life president Bill Adderley has sold a 7.8% stake in the company.
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NewsThorntons in a "good position" for Christmas as sales rise
Thorntons revealed its revenue edged up 2.3% to £46.8m in the 14 weeks to October 3 as it reports it is in a in a “good position” for Christmas.
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NewsTJ Hughes turnover up 9.1%
Discount department store operator TJ Hughes has reported a 9.1% increase in turnover to £261.3m in its full year results.
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NewsMatalan ‘set for £1.5 billion 2010 sale’
Matalan could be put up for sale next year with a £1.5bn price tag, it has been reported.
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NewsPets at Home assesses IPO potential
Specialist retailer Pets at Home has moved closer to a flotation with the appointment of JP Morgan Cazenove as joint sponsor, joint bookrunner and joint global coordinator.
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News
Robert Dyas plunges into red with £10m loss
Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.
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News
New Look in the frame for public offering in 2010
Retail IPOs moved a step closer this week as speculation mounted that New Look is gearing up for a £1.7bn flotation early next year.
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NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
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NewsAsos sales bolstered by international expansion
Fashion etailer Asos pushed ahead with overseas expansion and improved delivery options to help deliver strong first-half sales growth.
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NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.