Latest finance news – Page 612
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NewsIrish retailers fearing worst Christmas ever
Irish retailers are braced for their worst Christmas in history as sales continue to be battered by the slump in consumer confidence.
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NewsThe Earring Boutique moves ahead with expansion plans as sales rocket
Online jewellery retailer The Earring Boutique is ploughing ahead with its expansion plans after notching up a 50 per cent increase in like-for-like sales in the three months to date.
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NewsStrong sales spur on QS growth push for Store 21
Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
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NewsAndy Bond warns of long road to recovery
Despite a better than expected trading outlook for the rest of this year, the road to recovery for UK retailers will be long and hard, Asda chief executive Andy Bond has suggested.
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NewsWaitrose and Duchy Originals in deal talks
Duchy Originals and Waitrose are discussing a deal that would integrate Prince Charles’s food products into the upscale supermarket chain’s mainstream operation, according to The Times.
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NewsGame agrees £175m refinancing
Entertainment retailer Game has refinanced and extended its borrowing facilities to June 2012.
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NewsLombok bought out of pre-pack administration
Mid to high-end furniture retailer Lombok has been bought out of pre-pack administration by a consortium led by Privet Capital and Paradigm this afternoon.
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News
United Carpets profits fall while like-for-likes rise
United Carpets’ pre-tax profit fell from £1.73m to £1.36m in the year to March 31, although the figure came in ahead of expectations.
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NewsHalfords remains cautious despite sales rise
Halfords like-for-likes increased 1.3 per cent in the 13 weeks to June 27 as the bikes and car maintenance retailer benefited from strong multi channel growth.
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NewsFitch: No high street recovery until 2011
Any signs of green shoots on the high street are unsustainable and a lasting recovery may not emerge until 2011, according to credit ratings agency Fitch.
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NewsHornsea Freeport shopping village in administration
East Yorkshire shopping village Hornsea Freeport has fallen into administration.
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NewsSwine flu could threaten trading, warns Next's Simon Wolfson
Next chief executive Simon Wolfson has voiced fears that the growing swine flu epidemic could threaten second-half trading.
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NewsSports Direct reels as profits dive and China plans shrivel
Sports Direct has hit a major obstacle in its ambitious plans to expand in China, while, a tough year has led to a 91 per cent plunge in profits.
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NewsMothercare protected by overseas presence
Mothercare’s international presence in 50 countries is protecting it from a slowdown in certain markets, chief executive Ben Gordon has said.
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NewsMorrisons’ performance puts it in a ‘different orbit’
Morrisons is confident that its full-year results will come in ahead of expectations as strong trading continued into its second quarter.
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NewsUnited Carpets to rise as Allied Carpets falls
The collapse of all but a rump of the Allied Carpets chain is likely to benefit not just market leader Carpetright but AIM-listed United Carpets.
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NewsRetailers stir FTSE 100 onto impressive gains
Retailers helped the FTSE 100 make its best run of gains in four years on Tuesday, the seventh consecutive day that the index rose.
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NewsTM Lewin weighs options as backer moots an exit
TM Lewin is exploring new financing options but its management hope to retain a majority shareholding.
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NewsMike Ashley threatens JJB AGM showdown with Sir David Jones
Sports Direct tycoon Mike Ashley intends to embarrass rival JJB Sports executive chairman Sir David Jones at JJB’s AGM tomorrow.
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NewsCarphone Warehouse reports steady trading in 'subdued' market
Carphone Warehouse has reported steady trading in both its retail and fixed line businesses for the 13 weeks to July 4, and said it is on track to meet full-year market expectations.