Latest finance news – Page 607
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NewsTheo Fennell confident of turnaround
The new management of luxury jeweller retailer Theo Fennell are confident they can take the retailer “back to basics” after suffering a loss of £3.3m.
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NewsOptimism and merger talk send shares flying
Sunnier economic signs and excitement generated by some potentially massive mergers pushed the FTSE 100 to a new high for the year on Tuesday.
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NewsMoonpig seeks global growth as profits soar
Online greetings card retailer Moonpig.com is confident of continued growth and is eyeing further international markets after reporting pre-tax profits more than doubled.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% by the Bank of England for the sixth consecutive month.
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NewsCarpetright's Lord Harris confident that trading conditions are improving
Carpetright chairman and chief executive Lord Harris has reaffirmed his belief that trading conditions are improving.
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NewsComet like-for-likes rise in first quarter
Electricals retailer Comet recorded like-for-like growth of 0.3% in the three months to July 31, parent Kesa revealed.
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NewsCash focus keeps Home Retail profitability on track
Home Retail Group has revealed better-than-expected second-quarter sales at Argos and Homebase.
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NewsSurge in profits at Morrisons
Morrisons has reported a leap in half-year profits to £449 million from £309m as the resurgent supermarket put on further strong sales growth.
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NewsSignet profits hit by tough trading
Pre-tax profit at US jewellery giant Signet fell 6.1 % in its second quarter to $38.5m (£23.3m) as trading remained difficult in its UK and US markets.
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NewsEBITDA and sales grow at House of Fraser
House of Fraser has given an solid update with EBITDA up 16% in the first half of the year.
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NewsThorntons shows recovery in second half
Thorntons has revealed 4.5% drop in pre-tax profit to £8.1m but showed signs of recovery in the second half.
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NewsSales success for Laura Ashley
Laura Ashley has reported a 6.3% gain in half-year group sales to £127.8m, with increases across all product categories.
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NewsSports Direct lifts profit forecast
Sports Direct has raised its annual earnings forecast after enjoying a jump in sales during the summer.
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NewsHigh & Mighty administration likely as sale looms
Niche clothing trailblazer High & Mighty, which specialises in men’s outsize fashion, is to be sold in a process likely to involve a pre-pack administration.
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NewsBurberry set for FTSE 100 listing
British fashion stalwart Burberry is poised to add its distinctive red, black and tan check livery to the FTSE 100 index of leading shares.
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NewsKingfisher forced to reveal profits
B&Q owner Kingfisher has revealed adjusted pre-tax profits for the six months to August 1 will be between £285m and £290m.
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NewsHarold Tillman eyes Aquascutum
Jaeger owner Harold Tillman is eyeing up British luxury retailer Aquascutum.
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NewsOnline cards retailer Moonpig doubles profits
Online greetings card retailer Moonpig’s pre-tax profits more than doubled from £2.54m to £6.7m in the year to April.
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NewsPrimark UK arm drives sales
Primark owner Associated British Foods said sales and profits in the year to September 12 at the value fashion retailer will be “well ahead of last year”.
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NewsAcorn Pet Centres collapses into administration
Scottish pets retailer Acorn Pet Centres has fallen into administration.