All articles by George MacDonald – Page 257
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News
Castorama buoyed by Polish tradesmen
The return of the Polish plumber and his countrymen from the UK to Poland has lifted business at DIY group Kingfisher’s Castorama stores.
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News
Share prices languish as talk of recession heightens City’s fears
Only two retailers managed a share price rise over the week as the market took fright at the looming recession.
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Opinion
Sainsbury’s will ride this storm
Feed your Family for a Fiver seems not just to be a Sainsbury’s promotional campaign but a whole new way of grocery shopping.
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News
Trading fears push Marks & Spencer shares near to eight-year low
Marks & Spencer’s shares fell close to an eight-year low yesterday after broker Pali International issued a bearish note ahead of next week’s interim results.
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News
Tesco cuts sales growth expectations
Tesco has cut its UK sales growth guidance for the first time in years, reflecting how tough the retail environment has become.
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News
Carpetright to acquire Sleepright
Carpetright is to buy Sleepright, the beds retailer which operates 94 concessions in its shops.
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News
DSGi’s credit rating to be reviewed by Moodys
Ratings agency Moodys has placed electricals retail giant DSGi under review for a possible downgrade following last week’s trading update.
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News
JJB fortunes improve but bleak conditions bear down on most
Rising fears of recession and expectations that Christmas will not be merry for many retailers continued to weigh heavily on share prices.
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Opinion
George MacDonald: Playing the equity card
The old maxim that cash is king has never been more true as debt fears and covenant concerns drag down sentiment and valuations.
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News
Tough outlook for Home Retail as profits fall
Home Retail Group has posted a plunge in first-half profits and warned that the full-year figure will be at the low end of expectations unless trading conditions improve.
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News
Cotton Traders ends Burma sourcing
Clothing retailer Cotton Traders is to stop sourcing from Burma after campaigners launched a boycott.
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News
Primark targets 70 Spanish stores
Primark has plans for 20 more Spanish stores and is likely to take its total in the country to 70 stores.
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News
Ideal recruits Mike Hancox to be chief executive
TV shopping specialist Ideal Shopping Direct has appointed Mike Hancox as chief executive.
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News
Marks & Spencer hires heavyweight non-exec director
Marks & Spencer has named Jan du Plessis, chairman of British American Tobacco, as a non-executive director.
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News
Travis Perkins update sparks fears for DIY
Travis Perkins, the builders’ merchant that owns DIY chain Wickes, has warned that profits will be at the low end of expectations.
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News
Icelandic turmoil puts brakes on debt deal
The complexity of Iceland’s financial meltdown and its banks’ connections with Baugur are delaying a sale of the investment company’s debt.
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News
Banks' rescue stabilises markets but retail feels heat as shares dip
The Government administered emergency surgery on beleaguered banks but retailers remained under pressure as the share prices of grocers and general merchandisers alike fell over the week.
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News
City unease mounts as like-for-likes fall again
Retail like-for-likes slid in September for the sixth time in the past seven months, compounding City fears about the sector’s prospects as the traditional selling season nears.
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News
TNS: Tesco sales growth lags rivals'
Grocery giant Tesco delivered the worst performance among the big four grocers in the latest TNS four-week figures.
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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.