Latest finance news – Page 514
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NewsWe’re getting back on track, insists Clarke
As Tesco reports dip in like-for-likes, ‘confident’ Sainsbury’s goes on attack.
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NewsRetail sales fall at Halfords
A second quarter like-for-like sales fall at car parts and bikes specialist Halfords’ retail division was counterbalanced by a strong showing from the Autocentres service business.
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NewsMothercare warns on profits as UK like-for-likes plummet
Maternity retailer Mothercare has issued a profits warning as consumer confidence continues to deteriorate following the riots in England.
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NewsThorntons reports first-quarter sales fall
Chocolatier Thorntons has posted a first-quarter sales fall at all its main divisions but directors are confident in a strong Christmas product line-up.
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NewsSainsbury's warns "very competitive" market here to stay
Sainsbury’s like-for-like sales rose 1.9%, excluding fuel, in the 16 weeks to October 1 as total sales advanced 4.4%.
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NewsWarehouse woes to hit SuperGroup profits
SuperGroup, owner of the Superdry brand, has warned that full-year profits will be hit by as much as £9m after warehouse problems.
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NewsDunelm like-for-likes drop 2% in first quarter
Value homewares retailer Dunelm like-for-likes declined 2% in the 13 weeks to October 1.
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NewsTesco reports "subdued" UK growth
Tesco has reported a 6.2% rise in underlying pre-tax profit to £1.9bn for the 26 weeks to August 27 with strong growth overseas helping it prop up the “subdued” UK market.
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NewsTesco expected to post sales fall
Top grocer Tesco is expected to provide evidence of how tough retail trading conditions are when it issues first-half figures on Wednesday.
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NewsMorrisons eyes Garden Centre Group
Supermarket Morrisons is considering bidding for garden centre specialists Garden Centre Group, formerly known as Wyevale.
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NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
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NewsInflationary pressures hit The Range
Homewares retailer The Range chief executive Chris Dawson has cited “massive inflation” as being a key contributor to stagnant profits at the company last year as the high costs of fuel and other capital expenses frustrated growth.
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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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NewsSales climb at Theo Fennell
Jeweller Theo Fennell has posted a 9% sales rise for a six-month period but remains cautious ahead of the peak trading period.
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NewsAlexon bought by Sun European in prepack deal
Alexon has been bought by private equity firm Sun European Partners as part of a prepack deal after the business fell into administration today.
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NewsGame resists City calls to close more stores
Game has insisted it needs a large bricks-and-mortar presence despite analysts calling for more store closures to cut costs as the retailer posted widening first-half losses.
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NewsClintons delays results announcement
Troubled greetings cards retailer Clintons has delayed the reporting of its prelims by two weeks.
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NewsAlexon suspends shares as administration looms
Troubled womenswear group Alexon has suspended its shares on the Stock Exchange “pending clarification of the company’s financial position”.
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NewsSun European and Debenhams in the race to buy Alexon
Private equity firm Sun European Partners is thought to be the front runner to acquire troubled womenswear group Alexon.
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NewsTopps Tiles expects pre-tax profit to hit consensus of £13.4m
Topps Tiles expects to report adjusted pre-tax profit for the year to October 1 within analysts’ estimates with a consensus of £13.4m.