Latest finance news – Page 580
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NewsFlying Brands’ focus on core areas paying off
Home shopping group Flying Brands’ strategy to focus on its core gardening and gift divisions is bearing fruit, the retailer said as it posted improved full-year results.
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NewsStores shares lifted as retail interest piqued
Stores shot ahead of the All-Share index as low valuations and vague talk of takeovers - such as potential private equity interest in Home Retail Group - prompted interest.
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Cash Generator draws up plan for expansion
Second-hand retailer and pawnbroker Cash Generator is gearing up for expansion beyond the UK mainland after like-for-like sales soared 16.4% in the year to January 31.
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NewsVAT on food ‘could cut grocers’ profits by 16%’
The imposition of a 5% rate of VAT on food could hit the three quoted grocers’ operating profits by up to 16%, says broker Bernstein.
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NewsDFS sale is ‘Lord Kirkham’s call’
Sofa retailer’s founder considers refinancing alternatives as doubts rise over sale of the business
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NewsMy-Wardrobe pursues funds to back growth
Fashion etailer My-Wardrobe is seeking another round of investment to accelerate growth as it targets sales of £100m by 2015.
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NewsSuperGroup to expand overseas via global ecommerce assault
SuperGroup is to push the button on a global ecommerce offer a week ahead of its scheduled IPO.
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NewsPrivate equity firms confirm interest in DFS
Two private equity firms have reaffirmed their interest in buying sofa retailer DFS and a third is expected to do so, despite doubt about whether a sale will be concluded.
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NewsOcado to float after general election
Home shopping group Ocado has signalled its intention to launch an IPO after the general election.
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NewsBlockbuster may put up stores as collateral to ensure DVD supplies
Troubled DVD rental group Blockbuster may have to put up Canadian stores as collateral after failing to secure bank credit for stock.
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NewsMarks & Spencer to pay bonus early to avoid 50% tax rate
Marks & Spencer has become the latest retailer to bring forward bonus payments in order to beat the 50% tax rate being introduced next month.
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NewsAsos launches new management incentive plan
Fashion etailer Asos has unveiled details of its new management incentive plan.
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NewsFrench Connection to sell Nicole Farhi and scale back US retail
Fashion group French Connection is selling its Nicole Farhi business and closing most of its US shops following a strategic review.
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NewsAdvent considers Poundland sale
Private equity firm Advent has hired Close Brothers to advise on a possible sale of value retailer Poundland.
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NewsSuperGroup confirms IPO details
Young fashion retailer SuperGroup has given the green light to its stock market listing and confirmed that it expects to achieve an IPO valuation of £395m.
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NewsLiberty to be snapped up in £40m deal with BlueGem’s Marco Capello
Marco Capello, the former managing director of Merrill Lynch Global Private Equity, is poised to buy the Liberty business via his investment fund BlueGem Capital Partners.
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.