All City & finance articles – Page 594
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News
Ideal shopping direct: the city view
The AIM-listed home shopping group posted a 3 per cent rise in pre-tax profits to 6.3 million before exceptionals, on sales up 13.1 per cent to 96.9 million.
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News
Moss Bros shares spike as offer from Baugur fuels investor fight
Menswear retailer Moss Bros was the week’s biggest riser as a bad-tempered battle for control raged. Members of the founding families, the board and associates of potential buyer Baugur all laid into each other, which can hardly be helping store performance.
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News
Gee family strikes back at McCarthy in Moss Bros war
Moss Bros director Rowland Gee has hit back at comments made by fellow board member Don McCarthy about family involvement in the business.
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News
Food prices continue to climb
Food prices have continued to soar. Inflation in February reached its highest level since December 2006.
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News
Ideal Shopping Direct pre-tax profits drop
Ideal Shopping Direct has reported a 6.2 per cent fall in full-year pre-tax profit to 5.8 million, but pointed to an encouraging start to 2008.
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News
Asda: family income down £5 a week
Rising food and petrol prices meant that the average UK family has 5 a week less to spend than last year, according to grocer Asda’s first income tracker survey.
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News
Dreams mulls £200m private equity deal
Bed retailer Dreams is understood to be on the verge of agreeing a 200 million deal to sell the retailer to Exponet Private Equity.
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News
Asda could carve up Somerfield
Asda is sounding out potential partners for a carve up of 900-store local grocery chain Somerfield, according to the Daily Telegraph .
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Opinion
Bonus earners aren’t the ones to watch
The media (including the editorial staff of this magazine?) seems to have an obsession with alleged consumption excesses in the City. The truth is less exciting.
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News
Next tipped as bid target for M&S
Credit Suisse has suggested that Next could be a bid target for Marks & Spencer, arguing that investors do not appreciate the extent of the structural problems facing Next.
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Opinion
Decision day looms for Moss
Baugur’s 42p-a-share offer for Moss Bros may have split the retailer’s board and shareholders, but should be welcomed.
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News
Dunelm: the city view
Homewares retailer Dunelm has reported interim pre-tax profit up 24.4 per cent to 27.2 million, but warned that second-half trading will prove tougher, writes Jennifer Creevy .
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News
Poor John Lewis trading fuels City fears as Tesco is attacked
John Lewis’s revelation that last week’s trading was the “toughest in recent memory” spooked an already panicky City.
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News
Dreams looks overseas as profits rocket 88%
Beds specialist Dreams is planning to launch overseas, as it posted an 88 per cent rise in full-year pre-tax profits to £13.3 million.
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News
Suppliers mull legal action over Stead
A group of footwear suppliers are considering legal action to recover full payment for stock delivered to Stead & Simpson before it was sold in a pre-pack administration deal to rival Shoe Zone last month.
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News
Gieves & Hawkes enlists VoIP to cut call costs
Savile Row tailor Gieves & Hawkes is making significant savings on its telephony costs after switching to an internet protocol-based telephone service.
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NewsAgent Provocateur invests in IT to back growth plans
Luxury lingerie retailer Agent Provocateur is to roll out a system from K3 to support its multichannel operation and improve its product lifecycle management as it expands the business.
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News
Mexx to withdraw from UK
Mexx, the fashion and accessories chain, is to close its 61 retail outlets in the UK.
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News
Sir Philip Green warns of tough trading
Arcadia boss Sir Philip Green has warned that business will get tougher and the early Easter holiday will put further pressure on British retailers.
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News
Dunelm sales and profits soar
Homewares retailer Dunelm has reported sales up 10.6 per cent to 197.4 million in its interim results, but warned trading in the second half will prove tougher.