Latest finance news – Page 584
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NewsHalfords buys Nationwide Autocentres for £73.2m
Motor accessories group Halfords has bolstered its service and repair operations with the £73.2m acquisition of 224-outlet Nationwide Autocentres.
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NewsBurberry to restructure Spanish arm
Luxury heritage brand Burberry is to restructure its Spanish arm in a bid to bring the division in line with the global business.
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NewsMulberry raises outlook after strong trading
Luxury leather goods and clothing brand Mulberry has raised its full year outlook following a strong Christmas trading period.
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NewsThorntons sales drop but profits up
Thorntons has reported a 0.7% drop in sales in its interim results but a 24.6% increase in pre-tax profit.
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NewsThe Body Shop reports resilient trading
The Body Shop has reported total retail sales up 1% and like-for-like growth at up 0.7% in its full year 2009 figures.
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NewsHalfords mulls £30m Blacks bid
Outdoor specialist retailer Blacks Leisure is reported to be the latest bid target for Halfords.
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NewsH&M sales up 1% in January
H&M’s like-for-like sales rose 1% in the month of January compared with the same month last year.
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NewsSupergroup announces intention to float
Supergroup has announced its intention to raise £125m by floating on the London Stock Exchange.
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NewsDoubts raised over Ocado IPO
Doubts have been raised about the stock market flotation potential of Ocado, after it emerged that Waitrose is to launch a competing online operation in central London within two years.
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NewsNew Look IPO shelved
New Look has pulled its IPO process, citing an unfavourable market backdrop.
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NewsNew Look board meets as doubts rise over IPO
Fashion retailer new Look’s board will decide today whether to proceed with an IPO as fears rise that a flotation may be impossible.
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NewsRetailers compete for share of £1.6bn Valentine’s sales bonanza
Retailers are gunning for a £1.6bn pay day from Valentine’s Day sales this weekend, with grocers hoping cash-strapped lovers eat at home rather than go out to a restaurant.
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NewsSir Richard Greenbury defends Marc Bolland’s M&S reward
Sir Richard Greenbury, ex-chairman and chief executive of Marks & Spencer, who led the retailer to profits of more than £1bn for the first time, has defended the reward package given to incoming boss Marc Bolland.
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NewsBlacks seeks funds to rejuvenate store portfolio
Blacks Leisure has taken another step in its turnaround plan with a proposal to raise £20.3m through a placing and open offer.
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HobbyCraft top target on Halfords acquisition list
A raft of potential buyers are circling HobbyCraft, including cycling and motoring accessories specialist Halfords and private equity house Isis, ahead of a February 26 deadline for first-round bids.
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NewsJane Norman sales revive after ‘disappointing’ year
EBITDA fell to £15.8m in the year to March 28, 2009, down from £29.5m the year before, according to accounts filed at Companies House. Sales were flat at £148.8m but heavy markdowns following what it described as a “disappointing” reaction to ranges in the second half of the year led ...
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NewsAnalyst opinion mixed as Ocado eyes spring flotation
Online grocer Ocado has moved a step closer to a potential IPO and is understood to be gearing up for a spring flotation.
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NewsMore retail deals on private equity’s radar
Renewed private equity activity and low retailer valuations raise the likelihood of another round of public-to-private deals, Oriel analysts believe.
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Matalan sale talks collapse as investors baulk at £1.5bn price
The sale of Matalan fell through on Wednesday after potential buyers failed to meet owner John Hargreaves’ price expectations.
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NewsPeacock Group back on form, says Richard Kirk
Peacock Group chief executive Richard Kirk said the group is expected to report a return to form in the year to March 2010 with EBITDA of £80m.