All City & finance articles – Page 142
-
AnalysisAnalysis: Has Asos fallen out of fashion?
Once a darling of the stock market, struggling fashion retailer Asos issued another profit warning alongside its third-quarter trading update this week.
-
NewsDebenhams to seek additional £50m from lenders
Debenhams is set to ask its lenders for a further £50m cash injection to carry the struggling retailer through Christmas trading.
-
NewsHotel Chocolat full-year sales climb driven by ‘innovation’
Hotel Chocolat has recorded a healthy rise in its full-year sales bolstered by “strong growth” across all divisions of its business.
-
NewsWatches of Switzerland profits soar in maiden results
Watches of Switzerland recorded surging profits bolstered by rising sales in what boss Brian Duffy described as a year of “strong, profitable growth”.
-
OpinionOpinion: Has Mike Ashley made a meal of his masterplan?
Sports Direct’s postponement of its full-year results has set off City alarm bells – has the retailer’s founder Mike Ashley bitten off more than he can chew?
-
NewsPoundland owner sales rise as chain ‘outperforms’ high street
Pepkor Europe, owner of businesses including Poundland in the UK, has seen profits and revenue rise during the first half of its financial year.
-
NewsBurberry revenue rise driven by new product
Burberry has posted an increase in revenue for the first quarter and hailed the “excellent customer response” to some of its new product lines.
-
NewsPets at Home buys into dog-walking service Tailster.com
Pets at Home has taken a stake in online pet-sitting service Tailster as it targets a bigger slice of a market said to be worth more than £1bn per year.
-
NewsSports Direct delays full-year results
Sports Direct has delayed the filing of its full-year results due to the “complexities” sparked by its House of Fraser acquisition.
-
NewsTravis Perkins accelerates Wickes disposal plans
Travis Perkins is ramping up plans to sell its Wickes DIY business and could offload the chain by the middle of next year.
-
NewsAgenda: Sports Direct, AO.com and Watches of Switzerland update the market
Retail Week looks ahead to the next seven days with updates from Sports Direct, AO.com and Watches of Switzerland on the agenda.
-
NewsHobbycraft full-year profits surge as sales rise
Hobbycraft has posted a strong uplift in profits as the retailer’s sales increased thanks to smaller-format store and online revenue.
-
NewsDFS profits on track after ‘strong trading performance’
DFS has said it expects to deliver underlying profits in line with expectations, assisted by strong sales growth across its brands.
-
NewsSosandar raises £7m through sale of new shares
Sosandar has raised £7m through the sale of new shares, as the retailer looks to widen its capital expenditure following impressive results.
-
NewsBonmarché set to delist as second-largest shareholder sells up
Bonmarché is on track to be taken private after Philip Day convinced the retailer’s last major investors to sell its stake.
-
NewsDunelm sees ‘significant opportunity’ after sales soar
Dunelm has posted a rise in quarterly sales and is confident that full-year profits will come in at the top end of expectations.
-
NewsSuperdry plunges into loss as Dunkerton ‘steadies ship’
Superdry has slid into the red after a tough year at the end of which founder Julian Dunkerton took control after staging a boardroom coup.
-
OpinionOpinion: How many more tomorrows will the City give Ocado?
Ocado has today reported a big slump in half-year profit – yet the City remains, for now at least, fairly sanguine.
-
AnalysisIceland’s Richard Walker on being retail’s straight talker
Iceland managing director Richard Walker tells Retail Week how the grocer is juggling its rapid expansion of The Food Warehouse with its sustainability drive.
-
NewsSainsbury’s-Asda merger blocked for 10 years
The competition watchdog has blocked Sainsbury’s and Asda from joining forces for 10 years, rubbing salt into the wounds of their failed merger bid.