Latest finance news – Page 563
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NewsRefreshed Robert Dyas surges back into black
Broadened appeal, focus on own-brand and tighter cost control lifts hardware retailer
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NewsOcado vows to engage with City after criticism over float
Disappointing start to life as a public company for online grocer as shares fall on day of float
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NewsJoules eyes major city centres as profits soar
Lifestyle retailer Joules is targeting major city centre locations for store openings for the first time, after reporting net profit soared 200% to £3.6m in the year to May 1.
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NewsFindel instigates review after losses reach £76.1m
Findel has instigated a full review of its business after losses widened for the group in what it described as a “challenging year”.
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NewsN Brown ‘a good buy’ with prospects
Panmure Gordon reiterated its buy advice on home shopping group N Brown following an investor evening last week.
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NewsBlacks hoping £5 loyalty cards will help revive sales
Blacks Leisure has sold 10,000 loyalty cards just two weeks since it launched the scheme in stores, and the retailer hopes it will be a key driver of sales, as like-for-likes fell 7.5% in the 17 weeks to June 26.
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NewsB&Q suffers second quarter sales fall
DIY group Kingfisher suffered a sales decline at its UK arm in the second quarter as shoppers avoided big-ticket purchases.
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NewsBlacks like-for-like sales fall 7.5%
Like-for-like sales fell 7.5% at Blacks Leisure in the 17 weeks to June 26.
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NewsShop Direct full year losses narrow
Littlewoods owner Shop Direct said its pre-tax losses narrowed from £114m to £21m in the year to April 30 after a year of “significant restructuring”.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsLosses widen at Findel
Home shopping group Findel has increased losses to £76.1m in its full year to April 2, from £57.4m the year before.
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NewsOcado secures 80% of orders for IPO shares
Ocado is understood to have secured orders for about 80% of the shares it is seeking to sell in its flotation.
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NewsDebenhams completes refinancing
Debenhams has confirmed that it has completed the refinancing of its borrowing facilities, with the signing of a new £650m credit facility.
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NewsBrightHouse full year like-for-likes grow 10.7%
BrightHouse has had another strong year of growth, with like-for-likes increasing 10.7% in the year to March 31.
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NewsBurberry buys out Chinese franchisee
Luxury retailer and brand Burberry has agreed to buy 50 stores in China from its franchisee in a deal worth £70m.
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NewsMothercare to take 25% stake in Australian franchisee
Mothercare is to take a stake 25% in Headline Group, which holds the Mothercare and Early Learning Centre franchises in Australia and New Zealand.
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NewsCity pressure mounts on Ocado ahead of float
Pressure is mounting on Ocado to lower the valuation of its initial public offering (IPO) as investors and analysts continue to baulk at the ambitious price tag placed on the online grocer.
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NewsRetail’s stock rises as June sales tick along
Retailers achieved “decent sales growth” in June, the BRC reported, and store stocks rose over the week although they lagged the All-Share index.
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NewsBurberry on strong upward trajectory
Luxury specialist Burberry reported a 24% hike in revenue to £291m for the three months to June 30, following a strong performance across retail and wholesale.