All City & finance articles – Page 611
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Morrisons: the city ciew
The Northern grocer last week hailed a “profit recovery on track” as interim operating profits surged 57 per cent to 247 million on turnover up 2.8 per cent to 6 billion.
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More mixed fortunes as grocers outshine ailing general market
A welter of trading updates brought mixed news. Although retailers such as Game and Dunelm impressed, general retailers remained unpopular.
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Profits falls at Swedish furniture giant Ikea
Profits at Swedish furniture giant Ikea slid 8 per cent to 67.9 million in the year to August 31, 2006, according to accounts filed at Companies House. Sales rose 2 per cent to 1.09 billion for the year.
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High street sales climb in September
Retailers weathered toughening high street conditions to post a sales rise in September, but the slower rate of growth experienced since May continued.
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Refurbishments boost Moss Bros half-year results
Store refurbishments have alleviated the pressures of tough trading conditions for menswear group Moss Bros.
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Jessops chief executive quits
Jessops chief executive Chris Langley has resigned from the troubled camera retailer as it updates on the first phase of its strategic review and confirmed that losses are set to hit 7.5 million.
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Topps Tiles calls strong year ahead of results
Like-for-like sales expected to rise 4.6% at the home improvement retailer, while sales are tipped to increase 15%
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Land of Leather ramps up expansion plans
Soaring profits at furniture retailer prompt new store opening target
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Comet's like-for-likes slow in first half
Kesa-owned electricals retailer Comet posts sales up, but like-for-likes flat, as analyst warns of tough trading environment
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Stylo like-for-likes tumble
Footwear retailer cites competitive market and poor weather for the 4% drop in its first half
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JD Group first-half profits soar 9%
Store refurbishments and product rationalisation benefited sales
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Playstation 3 launch drives profits at Game
International growth and sales of Playstation 3 drive profits at games retailer
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Delta Two to meet Sainsbury’s pension trustees
Confidentiality agreement signed as two parties plan information exchange
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Delta Two enters talks with Sainsbury's
Sainsbury’s pension trustees have entered into formal talks with Delta Two, the Qatari-backed investment vehicle
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NewsSainsbury’s store managers stand to clean up in Delta Two deal
Sainsbury’s fears an exodus of store managers if it is taken private by the Qatari-backed investment fund Delta Two.
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John Lewis and Waitrose sales still climbing
Own-brand womenswear, furnishings and electronics all strong at department store chain