All City & finance articles – Page 546
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NewsCity salutes Carphone’s deal for Vodafone return
Carphone Warehouse has celebrated the return of Vodafone three years after the operator withdrew its mobile phone contract offer in favour of an exclusive deal with rival Phones 4U.
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsGame splits City opinion as sales suffer a surprise slump
Analysts are divided over entertainment retailer Game’s prospects after a sales plunge shocked the market.
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NewsJJB outlines turnaround options
Weekend newspaper reports forced JJB to issue a statement confirming it might raise more cash through a share placing and open offer.
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NewsBroker challenges Sports Direct over corporate governance
Ahead of Sports Direct’s full-year results next week broker Investec has issued a note challenging the sports retailer to answer some key corporate governance questions and fully disclose business information.
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NewsMike Ashley claims Sir David Jones agreed loan after he joined JJB Sports
The scandal over JJB chairman Sir David Jones’ £1.5m loan from Sports Direct’s Mike Ashley is escalating, with Ashley claiming he gave Jones the loan after he joined JJB’s board.
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NewsJJB Sports pledges support for Sir David Jones as share price plummets
JJB Sports is trying to curb another escalating crisis following the revelations that chairman Sir David Jones took a £1.5m loan from Sports Direct founder Mike Ashley.
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NewsJacques Vert makes full-year pre-tax loss of £2.9m
Womenswear retailer Jacques Vert made a full-year pre-tax loss of £2.9m, compared with a profit of £4.3m the year before, after incurring exceptional charges of £4.9m, mostly related to leases.
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NewsM&S shareholder revolt gains pace ahead of AGM
The row among Marks & Spencer shareholders has gathered momentum ahead of Wednesday’s AGM, with former chief executive Sir Richard Greenbury lambasting shareholders for their “vindictive” attitude towards executive chairman Sir Stuart Rose.
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NewsJJB mulls rights issue as loan scandal hits Sir David Jones
JJB Sports has confirmed that it is considering a £50m rights issue to raise capital for the sports retailer’s turnaround as its chairman Sir David Jones has become embroiled in a loan scandal.
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NewsShareholder revolt embarrasses Home Retail
Home Retail Group, owner of Argos and Homebase, says it has “taken note” of investor concern about directors’ bonuses after a shareholder revolt at Wednesday’s AGM.
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OpinionA tale of two retailers
Two sets of results issued on Monday illustrated perfectly how the retail sector has polarised. While online meteor Asos celebrated a stellar year, department store tiddler Beales was hunkering down for continued hard times after a challenging first half.
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NewsGame like-for-like sales plummet
Computer entertainment retailer Game has reported a 15.4 per cent fall in group like-for-like sales in the 21 weeks to June 27.
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NewsWinding up of Woolworths made advisers £14m
Woolworths’ administrator Deloitte, restructuring specialist Hilco and other advisers were paid at least £14m to wind up the variety store group.
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NewsMarks & Spencer reports improved sales in first quarter
Marks & Spencer reported an improvement in UK sales in its first quarter, buoyed by its 125th anniversary campaign and the timing of Easter.
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NewsInstore pins hopes on Poundstretcher as losses mount
Instore will target the value market by converting all of its core store portfolio to its Poundstretcher fascia as it seeks to curb losses that more than doubled in the year to February 28.
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NewsCarpetright profits tumble 72 per cent
Carpetright’s group pre-tax profit has slumped 72 per cent to £16.7m in the 52 weeks to May 2, 2009 as the domestic performance pulled down the group.
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NewsBlacks upgraded on back of funding hopes
Broker Singer Capital Markets has upgraded Blacks Leisure on the assumption that the troubled retailer will successfully win additional funding.
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NewsTepid fundraising does job for Debenhams
City analysts have labelled the subdued take-up of Debenhams’ shares as part of its £323m fundraising a “disappointment” but said the department store group is nevertheless stronger as a result.