All City & finance articles – Page 533
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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.
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NewsHobbyCraft on course for its ‘best ever year’
Arts and crafts retailer HobbyCraft is heading for its “best ever year” as the trend for low-cost family activities continues to grow.
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NewsFood falls as Marc Bolland quits at Morrisons
Last week’s shock news that Morrisons chief executive Marc Bolland is leaving to head Marks & Spencer helped pull down the food sector relative to general retailers.
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NewsFundraising to help Topps Tiles expansion
Topps Tiles will use funds raised from a proposed placing of 17.1 million shares, equivalent to 10% of its existing capital, to refocus on UK expansion as consumer confidence returns to the home sector.
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NewsHalfords first-half profits power on
Motoring and leisure group Halfords is confident of meeting full-year profit expectations after reporting a strong first half.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.
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NewsAlexon like-for-likes slump 14%
Fashion group Alexon has reported a 14% slump in like-for-like sales for the 16 weeks to November 21 after its planned lower level of summer Sale activity affected footfall and sales.
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Cash Converters profits up after strong trading
Australian-owned pawnbroker and financial services group Cash Converters has upgraded its profit targets after a strong start to its financial year.
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NewsSports Direct appoints chairman
Sports Direct has appointed a non-executive chairman, Dr Keith Hellawell, to join its board.
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NewsTopps Tiles proposes share placing as profits fall
Topps Tiles has announced a proposed share placing as it reported adjusted full-year pre-tax profits of £16.3m, down from £29.5m the year before.
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NewsBlacks CVA approved
Blacks Leisure’s Company Voluntary Arrangement (CVA) has been approved by 98% of its landlords at a creditors meeting.
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NewsLehman Brothers collapse takes toll on Reiss
Fashion retailer Reiss has reported “creditable” earnings last year, when it suffered like other retailers in the aftermath of Lehman Brothers’ demise.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsAsos confident rising sales can continue
Online fashion retailer Asos is confident that added investment in marketing and increased delivery options will help the continued growth of its UK business.
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NewsCity continues to back WHSmith
WHSmith’s trading update last week reinforced analysts’ bullish stance on the retailer.
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NewsMarc Bolland’s expertise ideal to lift Marks & Spencer food but how will he work with fashion gurus?
Marc Bolland’s experience with Morrisons is likely to make a difference at Marks & Spencer’s food division, but he is little-known in the world of fashion retail.
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Burberry confident for Christmas as sales lift
Luxury retailer and brand Burberry is confident ahead of the crucial Christmas period.
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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.