Latest finance news – Page 569
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News
Ideal Shopping Direct ‘could be bid target’
Ideal Shopping Direct could now be a possible bid target as the turnaround for the home shopping group gains traction, said Singer Capital analyst Matthew McEachran.
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News
WHSmith outperforms despite ash cloud impact
WHSmith said despite the volcanic ash cloud hitting sales as airport stores closed, its “financial position is in line with market expectations”.
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NewsMothercare boss gets £6.5m
Mothercare chief executive Ben Gordon’s total remuneration package increased from £1.4m to £6.5m this year after a management incentive scheme paid out.
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NewsPark Group sales grow 5%
Christmas savings and voucher specialist Park Group said sales grew 5% in its full year to March 31.
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NewsStrong year for Halfords as profits grow 26.7%
Pre-tax profits at Halfords soared 26.7% to £117.1m beating analyst expectations in its full year to April 2.
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NewsArgos like-for-like sales fall 8.1%
Sales at Argos fell 8.1% on a like-for-like basis for its first quarter to May 29 after a drop in TV and video gaming sales.
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NewsSainsbury’s chief Justin King paid £8m last year
Sainsbury’s paid its chief executive Justin King almost £8m last year, when the grocer reported its lowest sales growth in five years.
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NewsConfidence grows at Asos as profits soar 44%
Asos pre-tax profits soared 44% to £20.3m in the year to March 31, the online fashion retailer announced in its full year update.
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NewsWHSmith sales hit by volcanic ash cloud
WHSmith said its like-for-like sales decline was worsened by the affect of the volcanic ash cloud, as it revealed it has hired Walker Boyd as its non-executive chairman.
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NewsApple grows UK retail sales by nearly a third
Apple UK saw retail sales grow by 31% to £272m for the year to September 26 2009 from £207m in 2008, according to documents filed at Companies House.
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NewsExpansion drives record year for Iceland
Frozen food retailer Iceland Foods Group has enjoyed a record year with pre-tax profits soaring 19.4% to £135.4m in the 52 weeks to March 26, after a major expansion drive.
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NewsFootlocker bid speculation drives shares at JJB Sports
Shares surged in JJB Sports yesterday after speculation that US sports footwear giant Footlocker could make a play for the sportswear retailer.
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NewsLaura Ashley to hit full year expectations as sales grow
Laura Ashley has said that full year trading will be in line with expectations as it revealed a like-for-like sales hike of 5.3% in the 17 weeks to May 29.
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NewsSir Ken Morrison: ‘Marc Bolland was no retailer’
Morrisons founder Sir Ken Morrison has launched a scathing attack on Marc Bolland, the grocer’s former chief executive who jumped ship to lead Marks & Spencer.
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NewsMore Asda acquisitions likely, say analysts
Asda’s acquisition of Netto increases the likelihood that the Walmart-owned grocer will stage a takeover of a non-food retailer, analysts believe.
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NewsJulian Graves on track to make profit
Holland & Barrett Group has vowed that its Julian Graves chain will be profitable in the 2010/11 financial year as it gears up to revitalise the business.
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NewsRetail shares rebound after last week’s blow
Food and general retail stocks alike bounced back after last week’s plunge, both outperforming the All Share index.
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NewsWHSmith could be hit by ash fallout
Bookseller and stationer WHSmith will be reporting on the 14 weeks to June 5 in its interim management statement on Tuesday.
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NewsSignet group profit jumps 85.5% despite UK sales dip
Jewellery group Signet delivered first-quarter results ahead of expectations. However, a more “challenging” economic climate in the UK than in the US led like-for-like sales in Britain to dip 0.2%.
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NewsM&S could grasp £300m food opportunity
Marks & Spencer’s improved strength in general merchandise enables new chief executive Marc Bolland to focus on a £300m opportunity in food, according to UBS.