Latest finance news – Page 520
-
NewsMothercare appoints non-exec chairman
Mothercare has appointed Alan Parker CBE as non-executive chairman.
-
NewsFood inflation slows in July
Food inflation slowed in July to 5.2% from 5.7% the previous month.
-
NewsCarpetright sales improve at the expense of margins
Floorings giant Carpetright’ trading performance has improved, with domestic like-for-likes flat in the first quarter against a 6.3% slump in the fourth quarter of last year.
-
NewsWickes gains market share as like-for-likes stall
DIY chain Wickes like-for-likes edged up 0.3% in the six months to June 30.
-
NewsFlying Brands enters red and renegotiates financing after difficult first half
Flying Brands entered the red and was forced to renegotiate its financing after a difficult first half.
-
NewsProfits fall at Original Factory Shop
Value department store group Original Factory Shop has posted a fall in profits after a “challenging year” but is confident of continued long-term growth.
-
NewsZara UK full year profits surge
Fast fashion chain Zara’s UK business posted a sharp full-year profits jump as it cut back on spending.
-
NewsBanks eye Robert Dyas sale
Hardware chain Robert Dyas is to be put up for sale by the banks which own it.
-
NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
-
NewsAnalysts pessimistic as sales slip at Halfords
Analysts downgraded their profit forecasts for Halfords after retail like-for-likes slid 1.1% in the 13 weeks to July 1.
-
NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
-
NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
-
NewsTablets drive Carphone sales but Best Buy concerns remain
Tablet computers have become a key driver of Carphone Warehouse’s performance for the first time.
-
NewsKingfisher’s sales rise despite slump at B&Q
Kingfisher’s second quarter impressed analysts, despite a slump in UK sales as bust rival Focus launched a closing down Sale.
-
NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
-
NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
-
NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
-
NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.
-
NewsOwn-label stimulates growth at House of Fraser
House of Fraser has reported an 8% rise in sales for its second quarter with a surge in sales of own-label collections fuelling the growth.
-
NewsAshley ups stake in Blacks
Speculation is growing that Sports Direct founder Mike Ashley is targetting a takeover of rival Blacks as the sportswear tycoon increases his stake in the struggling outdoor retailer.