All City & finance articles – Page 607
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News
Flying Brands downgrades expectations
Strikes, the weather and Australian launch cited as home shopping group Flying Brand posts downbeat trading update.
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News
Debenhams full-year profits rise
Debenhams has reported pre-tax profits up 11.5 per cent in the year to September 1.
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Opinion
There’s still life in private equity
The flow of deals will be revived by the wealth of opportunities in the middle market
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News
Grocers stay ahead of the game as sector takes turn for the worst
General retail’s rally of the past few weeks hit the buffers as stores badly lagged in the All Share once again. Grocers outperformed, driven by Tesco’s bullishness and bid hopes for Sainsbury’s.
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News
Instore slashes losses in first half
Variety store group Instore has halved its losses in the first half to August 25, but does not expect the benefits of its improvement strategy to have a full impact until next year.
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News
Home Retail: the city view
Home Retail, owner of Argos and Homebase, preceded next Wednesday’s first-half figures with the acquisition of 27 stores from Focus DIY for 40 million.
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News
No washout for US as retail sales rise
September’s US retail sales have eased fears that warm weather and housing market woes will lead to the worst autumn season for clothing retailers since 2002.
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News
Mothercare driven by soaring multichannel sales
Mothercare has delivered a healthy second quarter performance, led by its UK multichannel arm Direct in Home, which reported a sales increase of 102 per cent – a 27.8 per cent like-for-like lift.
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News
Carrefour sales jump 5.5 per cent
Carrefour sales have risen 5.5 per cent to e23.11 billion ( 16.11 billion) in the three months to September 30.
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News
Inflation stays steady
Consumer Price Index (CPI) inflation remained stable in September at 1.8 per cent.
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News
Retail arm propels Burberry sales
Total revenue at luxury retailer Burberry Group jumped 19 per cent for the six months to September 30, driven by the performance of its retail and wholesale businesses.
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News
DSGi sales strong despite Italian woes
DSGi has today reported robust sales, despite weak performances from its Italian UniEuro arm and Mircrosoft’s new Vista range.
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News
LVMH reports strong sales growth
Luxury group Moet Hennessy Louis Vuitton (LVMH) increased revenues by 13 per cent to €11.4 billion ( 7.95 billion) in the first nine months of this year.
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News
Profit warnings for retailers continue to rise
Profit warnings from the retail sector have risen sharply in the last year.
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News
Rising profit warnings cause concern
Profit warnings from the retail sector have risen sharply in the past year.
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News
Retail sales up 3 per cent
UK retail sales rose 3 per cent on a like-for-like basis last month, compared with September 2006 when sales were up 2.4 per cent, according to the British Retail Consortium (BRC).
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News
Investment vehicle snaps up Smallbone stake
Luxury kitchen and furnishings group Smallbone is the latest retailer to become the subject of stake-building, with investment vehicle Toscafield snapping up a stake of almost 7 per cent.
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NewsFocus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of £68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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News
Baugur snaps up stake in Sports Direct
Serial investor Baugur has taken a stake in beleaguered retailer Sports Direct.
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News
US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.