Latest finance news – Page 521
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NewsRetail administrations rise 8% in second quarter
The number of retail administrations increased 8% year-on-year in the second quarter.
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NewsJessops posts first-half sales rise
Cameras specialist Jessops has posted an uplift in first-half sales and says it is beating trading targets.
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NewsNegative food volumes worry for Supermarkets
Grocers face negative like-for-like food volumes for the remainder of the year after a torrid first half when the only uptick came in April with the royal wedding and Easter.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.
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NewsCity fears for Blacks as sales plunge further 10%
A second CVA may be looming for struggling outdoor goods retailer Blacks, according to one City analyst who values the retailer at just 1p per share after sales plummeted.
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NewsSubdued trading and inflation hits grocers
The latest grocery industry data from Kantar and Nielsen showed inflation-powered sales growth at the expense of volumes.
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NewsPrimark ‘over worst now’ as cotton price inflation reduces
Primark owner Associated British Foods (ABF) has flagged that the worst of the cost inflation in cotton prices is over for the value fashion retailer.
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NewsSports Direct plans Eurozone expansion
Sports Direct is preparing for further international expansion after profits soared last year.
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NewsBroker highlights impact of online on valuations
Broker Panmure Gordon has reinitiated coverage of a large number of retail stocks at a time of “irreversible structural change” for the industry.
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NewsMothercare UK like-for-likes slip
Mothercare, which last week posted a 4.3% drop in UK like-for-likes in its first quarter, is a sell according to broker FinnCap.
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NewsHalfords like-for-likes slip in a "difficult environment"
Halfords retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsFocus closing down Sale knocks B&Q performance
Sales at DIY giant Kingfisher’s flagship UK division slumped in the second quarter, affected partly by the closing down Sale of rival Focus, but the retailer expects to end the year in “excellent shape”.
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News
Casino’s board rejects planned merger
Casino’s board has rejected the planned merger of Brazilian hypermarket and supermarket operator Grupo Pão de Açúcar – in which the retailer has about a 40% stake – with French competitor Carrefour.On the back of the news, the Brazilian state development bank said it was pulling its $3bn (£1.9bn) investment ...
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NewsMatalan posts quarterly sales fall
Value fashion group Matalan has posted a quarterly sales decline and warned that trading conditions remain tough, despite an uptick in July.
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NewsRobert Dyas non-exec chairman Geoff Brady joins Albemarle & Bond board
Robert Dyas non-exec chairman Geoff Brady has joined the board of pawnbroker Albemarle & Bond.
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NewsUnited Carpets posts level profits
United Carpets aims to increase its market share in core categories after holding profitability last year.
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NewsDixons boss Browett's bonus cut
Dixons chief executive John Browett’s rewards package shrank last year after the retailer’s profits growth stalled.
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NewsPrivate equity firms bid for American Golf
A number of private equity firms have tabled bids for golf specialists American Golf which is up for sale for £80m.
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NewsDebenhams completes £650m refinancing
Department store group Debenhams has completed its refinancing of the £650m senior credit facility it agreed in July 2010.
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NewsBlacks increases borrowing after sales fall
Outdoor clothing and equipment specialist Blacks Leisure has extended its borrowing facilities and aims to refinance following a sales fall.