Latest finance news – Page 562
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NewsAxed Waterstone’s boss takes home up to £494,000
Former Waterstone’s managing director Gerry Johnson could take home up to £494,000 in the year to April 24, despite being given the chop in January after a poor Christmas sales performance.
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NewsCarpetright remains cautious as Q1 sales drop
Flooring giant Carpetright has revealed a 2.5% decline in group sales in the 13 weeks to July 31.
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NewsSuits You owner in line for £17m financing
Suits You parent company Baird Group has been given £17m financing from financial services company GE Capital, according to reports.
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NewsNew Look director Lex Gemas exits following float delay
New Look chief operating officer Lex Gemas has exited the value fashion chain after little more than a year at the business.
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NewsRohan revamps format as it eyes store growth
Outdoor clothing retailer Rohan is ramping up its growth plans and launching a revamped format as it aims to expand its customer base.
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NewsTough times ahead for Ocado, warns broker
It was kerching! for Ocado’s founders as the etailer pulled off its IPO in the face of widespread City scepticism, although the flotation price did not meet original ambitions.
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NewsSports Direct makes strides despite England’s early World Cup exit
Sports Direct lost out on sales and potential profits after being left with excess stock following England’s early exit from the World Cup.
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NewsKingfisher focus on profits over sales welcomed
Kingfisher’s focus on profits over sales growth has been welcomed by analysts following a sales dip.
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NewsTesco ‘set to outperform’ as short-term concerns fade
Tesco shares are poised to outperform over the next year despite underperformance in the year to date, according to broker Bernstein.
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NewsAcquisition helps Halfords tick over
Motor accessories and cycles group Halfords posted a 9.6% group sales rise in its first quarter, reflecting its acquisition of Nationwide Autocentres.
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NewsAurora on song in first year since restructure
Aurora Fashions, the group that operates womenswear chains Oasis, Coast, Karen Millen and Warehouse, has said it has achieved strong single-digit like-for-like growth in the first half of its current financial year across all four brands.
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NewsAmazon bets on Christmas winners
Amazon is betting on games hardware Microsoft Kinect and Sony Move to be its biggest sellers this Christmas as the etail giant revealed global sales rose 41% in its second quarter to $6.57bn (£4.34bn).
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NewsOcado arranges meeting for unconnected analysts
Ocado is to host a meeting for leading unconnected analysts next week, after facing a barrage of criticism in the run up to its float.
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NewsTough start to the year for Wickes
Builders merchant Travis Perkins’ has reported a tough start to the year at its retail division, including DIY chain Wickes, but the business has gained market share.
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News‘Excellent’ start for Best Buy’s UK big boxes, Carphone Warehouse reports
Best Buy’s first UK big-box stores have had an “excellent” response from shoppers, joint-venture partner Carphone Warehouse reported.
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NewsHalfords revenues up in first quarter but like-for-like sales fall
Car and cycle accessories retailer Halfords has reported that first quarter group sales grew 9.6% in the 13 weeks to July 2.
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NewsAurora posts first operating profit of £23m
Aurora, the fashion group that owns chain including Oasis, Coast and Karen Millen, has posted operating profit of £22.6m in the 11 months since it was launched from the wreckage of the Icelandic financial meltdown.
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NewsGrowth slows but BrightHouse still going strong
BrightHouse has had another strong year of growth as the retailer benefits from low income families seeking alternative credit lines.
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NewsCity forces Ocado to slash IPO share price
The City kept up pressure on Ocado as it prepared for Wednesday’s float and, at the last moment, forced the online grocer to slash its asking price.
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NewsDebenhams refinances £650m of debt early
Debenhams has completed a £650m refinancing ahead of schedule.