All City & finance articles – Page 595
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News
Moss Bros shareholder to launch rival bid
A private shareholder is poised to launch a rival takeover bid for Moss Bros in competition with Icelandic investor Baugur.
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News
JJB Sports sells Soccer Domes
JJB Sports has sold its Soccer Domes division to five-a-side football centre operator Powerleague for 17.4 million.
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News
Baugur makes move on Moss Bros
Moss Bros has received a provisional take over offer from Baugur as the menswear retailer issues another profit warning.
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Opinion
The Retail Week – February 22, 2008
Just before Christmas, I received an e-mail from a very angry reader.
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News
John Lewis weekly sales 'toughest in recent memory'
Department store John Lewis suffered awful sales for the week ending February 16, as the retail slowdown finally caught up with one of the sector's best-performing chains.
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Analysis
Give a little credit
Despite fears about the credit crunch, retailers are still using credit to drive sales – especially in the struggling big-ticket market. Liz Morrell reports
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News
Best Buy cuts forecasts as US slowdown starts to bite
Best Buy has slashed sales and profit forecasts in what analysts believe the latest sign of the country’s retail slowdown.
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News
Thorntons: The City View
The City gave Thorntons a thumbs-up after the chocolatier posted a tasty increase in first-half profits and sales.
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News
Competition probe and Asda success help quoted grocers
Food retailers staged a comeback after they emerged largely unscathed from the Competition Commission’s investigation into the grocery market. Good fourth-quarter figures from Asda helped, confirming that food retailers as a group have been doing well.
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News
Ashley’s pricing rethink pays off as profits rocket at Lillywhites
Sports Direct boss Mike Ashley’s world-famous Lillywhites business has nearly doubled pre-tax profits after taking a more ambitious approach to pricing.
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News
Grocers’ share price turbulence
Morrisons, the grocery victor last Christmas, took analysts on a tour of its Northern redoubts on Tuesday.
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Analysis
Is Baugur the new Sears?
Icelandic investor Baugur has changed the face of UK retail over the past five years. But with tougher times approaching, Amy Shields asks if it has overstretched itself
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News
Firebox seeks £5m to launchUS offensive
Online gadget retailer Firebox wants to raise 5 million of venture capital investment to fund domestic growth and expansion in the US.
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Opinion
Baugur can get past its issues
“Is Baugur’s UK retail empire on the verge of meltdown?” So began a story in The Sunday Telegraph last month.
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News
Signet: the city view
Signet, the world’s biggest specialist jewellery retailer, posted a 6.7 per cent group like-for-like fall in the fourth quarter, propelled by an 8.6 per cent drop in the US.
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News
Adams eyes a profit as sale talks denied
Adams chairman John Shannon claims to have turned the childrenswear retailer around just a year after buying it out of administration.
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News
City remains cautious over retail as shares lose regained ground
General retailers’ share price rises of recent weeks looked like a dead cat bounce as they slipped back over the week, although food groups managed an increase following their decline since the start of the year.
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News
‘Rough times ahead’ for retail
Retail faces one of its toughest years as like-for-like sales are set to nosedive, according to a report by Verdict Consulting.
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News
M&S voucher drive sparks stock fears
Marks & Spencer has distributed 800,000 discount vouchers offering 20 per cent off clothing, food and homewares this weekend as the retailer attempts to drive sales in the final weeks of its financial year, according to a report in The Daily Telegraph .
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News
John Lewis tests ban on cheques
Department store John Lewis has taken a step away from accepting personal cheques with a trial in two of its branches.