All City & finance articles – Page 129
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NewsAlibaba kicks off £10bn share sale with Hong Kong listing
Alibaba has kick-started the sale of 500 million shares as part of the Chinese retail group’s plan to raise HK$100bn (£10bn) through a Hong Kong listing.
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NewsB&Q sales decline in ‘disappointing’ third quarter
B&Q parent company Kingfisher has registered falling sales as new boss Thierry Garnier says the group’s performance has been hampered by “organisational complexity”.
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NewsMajority of shoppers say election won’t impact Christmas spend
Over half of shoppers say political uncertainty will have no bearing on their spending this festive season, with the majority planning to spend the same or more this year as they did in 2018.
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NewsAO closes Netherlands business as it focuses on sustainable growth
Electricals retailer AO World is shutting its business in the Netherlands as it focuses on building its UK and German operations.
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NewsSteinhoff sells Bensons for Beds and Harveys
Bensons for Beds and Harveys Furniture are to be sold by owner Steinhoff to specialist investor Alteri.
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NewsCarpetright accepts Meditor takeover offer
Carpetright has accepted a takeover offer from its financier Meditor and called on investors to back the bid as it seeks cash to repay debt and provide working capital.
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NewsAlibaba set for biggest equity capital raising of year in Hong Kong listing
Alibaba is set to kick off what would be the world’s biggest equity capital raising of the year so far, as it prepares for its second listing on the Hong Kong stock exchange.
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NewsThe Body Shop profits and sales rise bolstered by strong UK performance
The Body Shop has recorded an uplift in its third-quarter sales as parent company Natura&Co’s acquisition of Avon won shareholder approval.
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NewsAsda sales drop as Walmart blames Brexit effect
Asda has posted a slight drop in like-for-like sales, which it has blamed on the ongoing political concerns over Brexit and consumer confidence.
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NewsBurberry beats Hong Kong disruption as new strategy progresses
Burberry has said its new strategy is “on track” despite being affected by the civil unrest in Hong Kong.
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NewsCard Factory posts sales rise helped by store openings
Card Factory has recorded a 5% rise in group sales in the year to date and expects profits to meet expectations.
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NewsShop Direct secures funding from Barclay brothers
Shop Direct has secured £150m of additional funding from its parent company to plug a gap in equity triggered by an unexpected surge in PPI claims earlier this year.
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NewsBritish Land retail property portfolio haemorrhages tenth of value
British Land is the latest institutional landlord to suffer as the high street malaise reduced its retail property portfolio values by a tenth.
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NewsKKR makes formal approach for Walgreens Boots Alliance buyout
Private equity firm KKR has reportedly made a formal approach to buy Boots’ parent company and take the business private in what could be the largest leveraged buyout on record.
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NewsMulberry losses widen as ‘challenging’ UK market hits sales
Mulberry has posted widening losses at the interim mark as it seeks to increase focus on its international portfolio to offset sluggish UK sales.
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AnalysisAnalysis: Should retailers focus on getting better, not bigger?
Despite the punishing retail climate, most retailers are still expected to grow. But is the right thing to do? Is it time for a reset of corporate expectations? Is it time for retailers to concentrate on getting better, not bigger?
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AnalysisAnalysis: New Look sales are under pressure but profit is priority
Value fashion retailer New Look’s first-half figures showed signs of progress in its recovery following last year’s CVA and resulting financial restructuring.
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OpinionOpinion: Should B&M say auf wiedersehen to Germany?
The usually infallible B&M posted a subdued set of interim results this morning.
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OpinionPeter Williams: In 2019, retailers may as well pull Christmas forecasts from a hat
With the peak trading season for many retailers just kicking off, this is the time of year for finance directors to be at their most anxious as they focus on their forecasts for the financial year.
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NewsLandsec trumpets new developments despite retail woes
Landsec is pushing ahead with 1 million sq ft of new London property developments as it seeks to offset falling portfolio values bought on by the troubles in the retail sector.