All City & finance articles – Page 571
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News
Private equity firms vie with Sir Philip Green for control of Baugur
Retail tycoon Sir Philip Green faces competition from leading private equity groups for control of embattled Icelandic investor Baugur’s UK retail operations.
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OpinionNow is the time to plan for tomorrow
When this crisis is over, retail will continue to be a lower growth, lower margin industry
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News
Best Buy Europe to double revenues in five years
Best Buy Europe, the joint venture between US electricals giant Best Buy and Carphone Warehouse, aims to double retail revenues and operating profit by March 2013, despite the uncertain economic outlook.
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News
Inflation hits 5.2 per cent
UK inflation continued to rise hitting 5.2 per cent in September, pushed up by rises in gas and electricity bills.
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News
Baugur in restructuring talks with BDO Stoy Hayward
Baugur has approached BDO Stoy Hayward to advise it on a restructuring and possible administration.
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News
Clinton’s sales plummet
Sales have plunged at greetings card specialist Clinton Cards in recent weeks, reflecting the tough trading environment.
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News
Boden buoyed by US growth
Multichannel fashion retailer Boden increased pre-tax profits more than 20 per cent to 27.4 million in the year to December 31.
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News
Card group in administration
Celebrations Holdings Group, the gift card retailer with fascias including Card Warehouse and Cardfair, has gone into administration.
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News
Coface pulls Baugur credit insurance
One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.
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News
Baugur insists 'business as usual' despite Icelandic meltdown
Icelandic investor Baugur has once again offered reassurance that its UK retail portfolio will be unaffected by the Icelandic financial crisis.
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News
Top Baugur man’s role in flux as investment giant refocuses
The role of Baugur managing director of retail Jeff Blue is likely to change as the Icelandic investor adapts its strategy in changing circumstances.
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Opinion
Tim Danaher: A week that will transform retail
“May you live in interesting times,” the old Chinese saying goes, but most people in retail would quite happily settle for decidedly less interesting ones right now.
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News
Sainsbury’s delivers robust second quarter
Sainsbury’s is confident its market position will be an advantage in the wake of the credit crunch after delivering better than expected second-quarter sales.
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News
Bhs blames bad weather for profits nosedive
A return to normal weather patterns will be key to Bhs’ fortunes being revived, the company said this week.
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News
Land of Leather: City View
Operating costs are being slashed at Land of Leather as it battens down the hatches in anticipation of very tough trading in its new financial year.
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News
Industry holds its own against backdrop of financial calamity
In the week that the FTSE 100 suffered its biggest ever one-day points fall and governments rushed to shore up a crumbling banking system, retailers weathered the storm to outperform the market.
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Opinion
George MacDonald: Marks & Spencer is not finished yet
It’s a measure of how hellish conditions have become that a 6.1 per cent like-for-like sales fall at Marks & Spencer was regarded as not too bad.
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News
Blacks weighs up boardwear division sale as losses widen
Blacks Leisure may sell its boardwear business after tough trading over the summer months led to greater losses for the outdoor retailer.
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Opinion
Lord Kirkham: There’s an art to good business
As Damien Hirst’s recent auction showed, thinking outside the box is key to making money
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News
Kaupthing taken over by Icelandic government
The Icelandic government has seized control of Kaupthing, the bank that is closely connected to swathes of the UK high street.