Latest finance news – Page 537
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NewsAlworths in the balance?
Future unclear for ‘son of Woolworths’ as founder resigns as director and restructuring looms.
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NewsGloomy outlook as retail takes a bad turn
Primark’s unsettling update and a profit warning from HMV put the frighteners on retail sector investors and general stores were sharply down against a flat market.
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NewsDebenhams stands out as a buy
Broker Singer met Debenhams managment last week and reiterated its buy advice afterwards.
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NewsGrocers angry as UBS slams ‘unfair’ food hikes
Supermarkets could face a competition inquiry because of food price hikes according to investment bank UBS.
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NewsTesco joint venture builds momentum in China
Tesco has signed a new joint venture to create three more Lifespace malls in China, an initiative welcomed by the City as evidence of building momentum in the country.
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NewsSales slowdown at Primark sparks City retail sector fears
Value fashion powerhouse Primark sounded a warning that shoppers have been reluctant to open their purses since the start of the year, knocking City sentiment towards retailers.
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NewsHMV expected to consider an emergency rights issue
Disposal of Waterstone’s also a possibility following fourth profit warning by parent since last autumn
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NewsKaren Millen targets £500m sales as it splits off from Aurora
Karen Millen is aiming to double sales to £500m in the next five years after parent company Aurora Fashions revealed this week it will be spun off from the rest of the group.
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NewsHMV warns on profits
Entertainment group HMV has issued a profit warning after continued tough trading.
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NewsPrimark reports tougher trading
Value fashion giant Primark has reported a slowdown in demand, signalling how tough high street trading has become since the start of the year.
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NewsIceland to pay £100m dividend
Frozen food specialist Iceland is expected to pay a dividend of £100m this year, its first for three years.
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NewsCity lukewarm on the outlook for retail
As pressure continued to bear down on general retail stocks, Nomura and Espirito Santo issued notes assessing prospects.
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NewsSports Direct sales benefit from troubles at JJB
Sports Direct’s retail sales soared 13.8% during its third quarter as it continued to win market share at JJB Sports’ expense.
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NewsKingfisher and Wickes upbeat but cautious as results impress
Analysts were pleased by upbeat updates from DIY retailers Kingfisher and Wickes but remain cautious on the outlook for the sector.
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NewsNew Dunelm boss maps out plan for expansion
Dunelm’s new chief executive Nick Wharton will focus on store roll-outs and multichannel operations as he seeks to further grow the business.
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NewsWHSmith steady after Swann sell-off
WHSmith chief executive Kate Swann last week sold a tranche of shares in the retailer.
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NewsJJB may abandon ‘Serious about Sport’ tag
JJB Sports may drop its ‘Serious about Sport’ tagline as part of revival plans because of concerns that it is perceived as intimidating.
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NewsWickes gains market share despite flat like-for-likes
DIY chain Wickes like-for-likes remained flat in 2010, rising 0.2%, but current trading has improved.
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NewsAsda claims 'outperformance' as sales and profits rise
Grocery and general merchandise giant Asda has claimed a “return to market outperformance” after sales and profits rose.