Latest finance news – Page 533
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NewsMidcounties Co-operative profits up 35%
The Midcounties Co-operative has reported a 35% increase in trading profit to a record £26m.
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NewsHMV gives Mamut 15 days to secure Waterstone's deal
Russian Oligarch and HMV shareholder Alexander Mamut has been given just 15 days to agree a deal to buy HMV’s bookselling business, Waterstone’s.
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NewsHMV issues another profit warning
Beleaguered entertainment and book retailer HMV has issued its third profit warning this year, but its lenders have extended the period over which its banking covenants will be tested by two months.
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NewsAlworths goes into administration
Alworths, the ‘son of Woolworths’ chain launched by a former Woolies director, has collapsed into administration, Retail Week has learned.
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NewsTopps Tiles on course for strong results
The City welcomed Topps Tiles’ “solid” update this week, as it revealed like-for-likes will have risen about 1.8% in the first half.
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NewsClinton Cards fights profit fall with loyalty scheme
Clinton Cards is launching a loyalty card in June in an attempt to win customers in a difficult market after group pre-tax profit slumped from £20m to £12m in the first half to January 30.
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NewsSharp sales rise and profit gain at Ted Baker
Quirky fashion retailer Ted Baker’s sales grew ahead of expectations last year and the retailer reported a 24.2% surge in profits.
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NewsKingfisher aims to grow by attracting reluctant DIY-ers
DIY giant Kingfisher is prioritising making DIY easier for customers and continued global expansion as it approaches the next stage of its strategy under boss Ian Cheshire.
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NewsDixons ecommerce boss leaving, as company issues profit warning
Electricals group Dixons’ ecommerce director David Walmsley is leaving the retailer.
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NewsDFS planning to capitalise on bank holidays
Sofa giant DFS is aiming to make the most of the extra bank holiday weekends as it revealed adjusted EBITDA remained flat at £41m in its first half.
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NewsNew owners attempt TJ Hughes turnaround
TJ Hughes’ new owners are making efforts to put the value department store group on a firmer financial footing.
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NewsCo-op focuses on non-food as grocery growth slows
The Co-operative Group is to ramp up its online non-food online operations but expects the grocery market to remain tough.
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NewsStore stocks up ahead of Dixons profit alert
Despite bearish comments from Next boss Simon Wolfson, general stores outperformed the market over the week - but that was ahead of a profit warning from electricals giant Dixons.
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NewsOddbins expected to file for administration on Monday
Wine retailer Oddbins is expected to go into administration on Monday after it was unable to proceed with a company voluntary arrangement.
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NewsBlackwell’s on track for profit by 2013
Blackwell’s, the academic bookseller, aims to return to profitability by 2013, and has halved annual losses and launched a text-book rental service.
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NewsTopps Tiles like-for-likes up 1.8% in first half
Topps Tiles expects like-for-likes to have increased by about 1.8% in the 26 weeks to April 2.
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NewsDixons warns on profits after dire trading
Electricals market leader Dixons has issued a profits warning and detailed an emergency plan to put the business on track after dire trading.
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NewsMoodys downgrades Matalan on margin fears
Credit ratings agency Moodys has downgraded its ratings on value fashion group Matalan.
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NewsOfficers Club in administration
The rising cost of raw materials has forced discount menswear chain Officers Club into administration, but young fashion chain Blue Inc has saved half of its stores.