Latest finance news – Page 582
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NewsH&M proposes stock split
H&M will propose a stock split at its annual general meeting, whereby each of its existing shares will be divided into two new shares to dilute its share price and give its customers more opportunity invest in the retailer.
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QVC sales up 2.3%
Sales at QVC in the UK grew 2.3% in 2009 reaching £367.9m for the TV shopping business after a stronger second half.
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NewsSports Direct mulls bid for Blacks
Sports Direct is considering making a bid for Blacks Leisure after blocking its proposed fundraising plans.
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NewsSuperGroup ‘oversubscribed’ as IPO bookbuilding ends
Fashion retailer SuperGroup expects to close its IPO bookbuilding within 24 hours and the offer is likely to be oversubscribed, Retail Week has learned.
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NewsWHSmith eyes Hughes & Hughes assets
WHSmith is reported to be considering a bid for the assets of Irish book chain Hughes & Hughes which collapsed last week.
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NewsIndicative bids for HobbyCraft to be submitted today
First round offers are due today for specialist retailer HobbyCraft, which is being sold by the founding Haskins family.
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NewsSupergroup presses ahead with float despite mixed feedback on pricing
SuperGroup has expressed commitment to a flotation on the London Stock Exchange despite concerns over pricing.
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NewsAnalysts speculate on Marc Bolland’s plans at M&S
Marc Bolland does not take the helm at M&S until May, but analysts are already speculating about what he may do.
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NewsHalfords gets thumbs up for car servicing centre deal
Investors have given the green light to motor accessories group Halfords’ £73.2m acquisition of Nationwide Autocentres and are confident of the deal’s merits.
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NewsKingfisher to beat forecasts despite sales dip
DIY giant Kingfisher reported a like-for-like drop of 3% in constant currency in the 13 weeks to January 30 but the retailer still expects to beat profit forecasts. Group revenue decreased 1.6% to £2.3bn.
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NewsPrimark sales outpace expectations in first half
Primark reported first-half like-for-like sales growth of 8%, coming in ahead of the expectations of parent company Associated British Foods (ABF).
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NewsMike Ashley’s intervention hits Blacks shares
General stores and food retailers both had a dull week, with each sector lagging the market.
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NewsTraditional toys aid Modelzone growth
Model and hobby retailer Modelzone is benefiting from consumers returning to more traditional toys and games, with like-for-like sales up 7% last year.
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NewsVente-Privee UK to branch out into non-fashion
Private sales site Vente-Privee will push into categories beyond its core fashion offer as it chases growth in the UK.
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Toys R Us in IPO talks
The private-equity owners of Toys R Us are in talks with investment banks about the possibility of underwriting an initial public offering this summer, the New York Post reported.It is understood Bain Capital, KKR and Vornado Realty Trust are talking with banks including Goldman Sachs, Deutsche Bank and JPMorgan Chase. ...
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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NewsSuits You confident of profit breakthrough after CVA rescue
Speciality Retail Group chairman Peter Lucas has vowed that the struggling menswear retailer will make a profit in the year to January 2011, after it was rescued from administration by a company voluntary arrangement on Tuesday.
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NewsJ Crew hits UK after deal with Net-a-Porter
US fashion brand J Crew will be available in the UK for the first time after striking a partnership with etailer Net-a-Porter.
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NewsLombok eyes growth as sales start to revive
Lombok has recorded like-for-like sales up “single digits” since the start of 2010, after being bought out of pre-pack administration last year.
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NewsAdili to delist as deal is agreed with investor
Investor Luke Heron is to buy ethical etailer Adili and the retailer will be delisted from AIM.