Latest finance news – Page 560
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NewsNew Marks & Spencer chairman to get £500,000
Marks & Spencer’s new chairman could be paid around 40% less than current chairman Sir Stuart Rose according to reports.
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NewsRobert Swannell tipped to become chairman of Marks & Spencer
HMV chairman Robert Swannell is being tipped to take the same role at Marks & Spencer.
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NewsBook Depository sales up as it targets overseas
Online bookseller The Book Depository’s revenue soared 20% to £74.2m in the year to June 30 as the etailer focused on overseas territories.
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NewsMothercare undervalued despite poor UK showing
Panmure Gordon has initiated its coverage of nursery specialist Mothercare with a buy rating and a 600p price target.
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NewsWhy big is beautiful for N Brown
Market research showing the rising number of plus-size consumers is good news for home shopping group N Brown, broker KBC Peel Hunt believes.
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NewsM&S food sales impress as it takes bigger bite of the market
Marks & Spencer delivered strong food sales growth in the late summer, when it benefited from both shoppers treating themselves during the holiday period and its branded food roll-out.
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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Fossil’s best year ever fuels store expansion
Accessories and fashion chain Fossil wants to double its store portfolio as it expands across the UK and Europe.
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NewsCustomers are left in the dark as Confetti goes into administration
The collapse of wedding specialist Confetti has sparked anger among customers who fear plans for their big days are in ruins.
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsFlying Brands acquires online gardening business
Home shopping group Flying Brands has completed its acquisition of Garden Centre Online, it said today.
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsTJX Europe profits tumble
TJX Europe, the European parent company of UK off-price retailer TK Maxx, saw profits tumble 76% in the first half of the year.
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NewsConfetti placed into administration
Wedding specialist Confetti has been placed into administration less than a week after it was bougth from home shopping group Findel by The Hut Group.
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NewsH&M like-for-like sales up 10% in July
Total sales for Swedish fashion giant H&M jumped 21% in July compared to the same month last year.
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NewsTesco data firm to pay £17.5m dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.
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NewsMoonpig profits soar
The largest shareholders of online card retailer Moonpig have shared a dividend of almost £5m after full year profits rose 67%.
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Rise in wheat price will be ‘manageable’, says analyst
Fears that the spike in global wheat prices could indicate an alarming upward trend in costs for food retailers have been downplayed.
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NewsInditex slows openings as UK concerns mount
Inditex has increased sales and profits across its UK portfolio despite what it described as a “sharp” decline in consumer spending and continuing economic uncertainties.