All City & finance articles – Page 570
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News
Arcadia profits fall
Sir Philip Green's Arcadia Group has reported a 6.1 per cent fall in operating profits, but its young fashion brands including Topshop enjoyed a record year.
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News
Debenhams profits tumble
Debenhams this morning reported a 16.9 per cent fall in full year profits before tax and exceptionals, and revealed plans to reduce its debt burden in response to City concerns.
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News
Sports Direct acquires 5% stake in JJB
Sports Direct has snapped up a 5 per cent stake in rival JJB to help shore up the struggling sports chain.
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News
London retail sales worst since 2005
Retail sales in London outperformed the rest of the country in September but were still the worst since summer 2005.
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News
Retailers to benefit from renewable energy savings
Retailers will welcome the Government’s decision yesterday to make the production of renewable energy more affordable for businesses.
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News
Baugur-backed retailers plan buy-outs
The management of a number of Baugur-backed retailers are putting plans in place to buy back equity and debt now controlled by the Icelandic government.
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News
Travis Perkins update sparks fears for DIY
Travis Perkins, the builders’ merchant that owns DIY chain Wickes, has warned that profits will be at the low end of expectations.
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News
Mothercare records robust second quarter
Mothercare has posted a slight uplift in UK like-for-likes and a rise in international sales.
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News
Icelandic turmoil puts brakes on debt deal
The complexity of Iceland’s financial meltdown and its banks’ connections with Baugur are delaying a sale of the investment company’s debt.
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News
Baugur: end of an era
The end of an era loomed this week with the likely break-up of Icelandic investor Baugur’s portfolio and the end of its influence on the UK high street.
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News
Justin King: bank rescue has begun to restore confidence
Sainsbury’s chief executive Justin King believes the Government’s banking bail-out this week has dramatically “moved the dial” and already started reviving consumer confidence.
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News
Clinton Cards to focus on staff as it battles to revive performance
Clinton Cards will focus on staff and leadership skills to drive sales back up, after posting a 5.2 per cent fall in like-for-likes at its Clinton’s chain and a decline of 2.5 per cent at its Birthdays fascia for the nine weeks to October 5.
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News
Banks' rescue stabilises markets but retail feels heat as shares dip
The Government administered emergency surgery on beleaguered banks but retailers remained under pressure as the share prices of grocers and general merchandisers alike fell over the week.
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Opinion
The real economy is what matters
Now that the problems of the financial system have begun to be addressed, the focus is on the outlook for the real economy. And out there on the high street, in offices and on factory floors – workplaces where changes to confidence, employment and earnings directly affect retail performance – ...
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News
City unease mounts as like-for-likes fall again
Retail like-for-likes slid in September for the sixth time in the past seven months, compounding City fears about the sector’s prospects as the traditional selling season nears.
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News
Kingfisher: the City view
DIY giant Kingfisher flew analysts to Turkey last week to show off Koctas, its joint venture there.
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News
Burberry keeps head above water
Burberry continued to deliver growth in its first half despite a “volatile and uncertain” market.
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News
The Entertainer holds out hope for Christmas despite sales blip
Toy retailer The Entertainer has revealed like-for-like sales dipped 3.7 per cent in the eight months to September 30, but remains “quietly optimistic” about Christmas.
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News
Solid growth for Kurt Geiger
Luxury shoe chain Kurt Geiger's EBITDA grew more than 24 per cent to 10 million in the year to February 2.
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News
TNS: Tesco sales growth lags rivals'
Grocery giant Tesco delivered the worst performance among the big four grocers in the latest TNS four-week figures.