All City & finance articles – Page 128
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NewsFashion retailer Joy on brink of collapse for third time
Joy, the fashion and accessories specialist, looks likely to plunge into administration and become the first retail collapse after Christmas.
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NewsHedge funds gamble against retail big names
Hedge funds are betting that big-name retailers’ share prices will fall as the industry faces continued tough conditions.
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NewsJD Sports insists Footasylum deal ‘will benefit consumers’
JD Sports has insisted its £90m takeover of rival Footasylum “will benefit consumers” as it wrestles to convince competition watchdogs of the merits of the deal.
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NewsConsumer confidence buoyed by post-election bounce
Consumer confidence rallied in December as the Conservative Party’s election victory boosted shopper sentiment about the UK’s economic future.
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NewsThe White Company profits rise in ‘turbulent’ year
The White Company has posted an uplift in full-year profits as investments in IT and its infrastructure helped it navigate the “turbulent retail environment”.
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NewsWHSmith shareholders back $400m US deal
WHSmith investors have formally backed the retailer’s $400m takeover of US giant Marshall Retail Group (MRG).
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NewsCarpetright investors vote through sale to Meditor
Carpetright investors yesterday voted through a takeover by backer Meditor.
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NewsOcado set to become UK’s largest listed tech company
Ocado will become the “Microsoft of retail” following a decision by the Competition and Markets Authority (CMA) to de-designate the grocers as a retailer.
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OpinionLeader: Retail’s star can’t only shine at Christmas
In a few days, the tumult of Christmas trading will be over. The short time before the January Sales kick off – in-store at least – brings a chance to reflect on the retail year gone by.
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NewsThe Book People falls into administration a week before Christmas
The Book People has called in administrators for the second time in a bid to secure its future.
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AnalysisIn quotes: Mike Ashley on Debenhams debacle, Wild West practices and clueless Corbyn
Sports Direct tycoon Mike Ashley opened fire at today’s half-full year results and his list of gripes is a long one. Retail Week surmises his rants.
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AnalysisHouse of Fraser future hinges on rates reform, warns Ashley
Sports Direct founder and chief executive Mike Ashley has warned that the future of his vast retail group’s bricks-and-mortar portfolio is dependent on the “broken and unworkable” business rates system being overhauled.
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NewsH&M sales rise as it eyes return to profit growth
H&M has posted an uptick in fourth-quarter sales as the group remained on track to deliver an increase in full-year profits for the first time in four years.
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NewsThe Hut Group secures €1bn in fresh fundraising round
The Hut Group has won €1bn in new financing that will transform its balance sheet and super-charge its growth aspirations.
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NewsStudio profits hit by surge in PPI claims
Studio, the online retailer previously known as Findel, has posted a slump in profits following a surge in PPI claims.
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NewsArcadia seals £310m loan on Topshop flagship store
Sir Philip Green’s Arcadia has refinanced the £310m loan on its flagship Topshop store on London’s Oxford Street.
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NewsSainsbury’s considers offers for £1.9bn mortgage book
Sainsbury’s considering a number of offers for its £1.9bn mortgage book as it looks to quit the home loans market.
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AnalysisAnalysis: Can Dixons Carphone get its spark back?
Dixons Carphone posted a 60% drop in adjusted pre-tax profit for the six months to October 26 as group sales fell 4% to £4.7bn. Figures like that often spark panic, but the City hasn’t turned off just yet.
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NewsZara owner Inditex reports 'strong' profits and sales growth
Inditex reported an increase in profits and sales, as the fashion giant hailed the continued rollout of its “global, fully integrated store and online platform”.
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NewsOcado sales rise as it prepares to ramp up M&S grocery offer
Ocado has recorded in its quarterly sales as the grocery etailer says it will add ‘many more lines’ to its M&S range than the 4,000 product lines currently offered via Waitrose.