All City & finance articles – Page 539
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NewsOptimism and merger talk send shares flying
Sunnier economic signs and excitement generated by some potentially massive mergers pushed the FTSE 100 to a new high for the year on Tuesday.
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NewsInternational the next frontier for Thorntons
Thorntons is exploring export opportunities for its famous chocolate brand, as it seeks to push its business internationally.
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NewsMoonpig seeks global growth as profits soar
Online greetings card retailer Moonpig.com is confident of continued growth and is eyeing further international markets after reporting pre-tax profits more than doubled.
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OpinionTransparently good
Kingfisher and Sports Direct showed both sides of the corporate governance coin this week.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% by the Bank of England for the sixth consecutive month.
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NewsCarpetright's Lord Harris confident that trading conditions are improving
Carpetright chairman and chief executive Lord Harris has reaffirmed his belief that trading conditions are improving.
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NewsComet like-for-likes rise in first quarter
Electricals retailer Comet recorded like-for-like growth of 0.3% in the three months to July 31, parent Kesa revealed.
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NewsCash focus keeps Home Retail profitability on track
Home Retail Group has revealed better-than-expected second-quarter sales at Argos and Homebase.
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NewsSurge in profits at Morrisons
Morrisons has reported a leap in half-year profits to £449 million from £309m as the resurgent supermarket put on further strong sales growth.
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NewsEBITDA and sales grow at House of Fraser
House of Fraser has given an solid update with EBITDA up 16% in the first half of the year.
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NewsThorntons shows recovery in second half
Thorntons has revealed 4.5% drop in pre-tax profit to £8.1m but showed signs of recovery in the second half.
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NewsBurberry set for FTSE 100 listing
British fashion stalwart Burberry is poised to add its distinctive red, black and tan check livery to the FTSE 100 index of leading shares.
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NewsKingfisher forced to reveal profits
B&Q owner Kingfisher has revealed adjusted pre-tax profits for the six months to August 1 will be between £285m and £290m.
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NewsHarold Tillman eyes Aquascutum
Jaeger owner Harold Tillman is eyeing up British luxury retailer Aquascutum.
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NewsPrimark UK arm drives sales
Primark owner Associated British Foods said sales and profits in the year to September 12 at the value fashion retailer will be “well ahead of last year”.
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NewsAlchemy boss Jon Moulton quits the private equity firm
Alchemy Partners boss Jon Moulton has quit the private equity firm after a bust-up over strategy.
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NewsFlight to value brings Wilkinson record sales
Value retailer Wilkinson has recorded its highest ever annual sales of £1.45bn, as it capitalises on shoppers’ continued flight to value in the recession.
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NewsProposals to tackle illegal downloaders divide retailers
Retailers are divided over Government proposals to switch off internet connections of illegal file sharers.
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NewsMarket wobbles but positive signs abound
The market was hit by a bout of nerves following the recent bull run and the FTSE 100 suffered its biggest loss of value in two months. General retailers performed slightly below the market but food groups, which have frequently been out of favour lately, remained almost flat.
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NewsRatings agency marks Marks & Spencer a ‘low credit risk’
Ratings agency Fitch has affirmed its BBB rating and “negative” outlook on Marks & Spencer.