All City & finance articles – Page 166
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News
Agenda: Quiz, Pets at Home, Topps Tiles and Intu
Retail Week looks ahead to the next seven days with updates from Quiz, Pets at Home, Topps Tiles and Intu all on the agenda.
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News
Moody’s brands New Look debt 'unsustainable'
Moody’s has downgraded New Look’s credit rating, calling its debt levels “unsustainable” and its cash flow “insufficient”.
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News
Majestic swings to red amid customer acquisition plan
Majestic Wine has swung to a half-year loss as the retailer ramps up investment in acquiring new customers.
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News
Mothercare losses swell in first half as UK sales tumble
Mothercare has suffered ballooning half-year losses as sales tumbled within its core UK business.
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News
Kingfisher to quit Russia, Portugal and Spain in strategic refocus
DIY giant Kingfisher is to exit Russia, Portugal and Spain to concentrate on its main markets.
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News
AO.com shrinks losses and smart home drives sales
AO.com has posted reduced interim losses despite the UK market for white goods “becoming tougher than expected” as newer categories drove sales growth.
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News
Bonmarché profits fall as store sales slide
Bonmarché has recorded a decline in its interim profits as boss Helen Connolly says “weaker consumer sentiment and footfall” hurt store sales.
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News
Agenda: AO, Kingfisher, Majestic, Mothercare and Intu
Retail Week looks ahead to the next seven days with updates from AO, Kingfisher, Majestic, Mothercare and Intu all on the agenda.
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News
Asda posts sixth consecutive quarter of sales growth
Asda has posted its sixth consecutive quarter of like-for-like growth as the grocer builds momentum ahead of its proposed merger with Sainsbury’s.
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News
Eve Sleep seeks £15m investment to fund new CEO’s strategy
Eve Sleep’s newly appointed chief executive James Sturrock has unveiled his new strategy, which will home in on expanding the etailer’s product range and brand positioning.
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News
Card Factory like-for-likes flat as online drives sales
Card Factory has stemmed the decline in its like-for-like sales in its third quarter as it ploughs ahead with its store expansion programme.
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News
Holland & Barrett sales up, John Walden appointed chairman
Holland & Barrett edged up profits and posted its 38th consecutive quarter of like-for-like sales growth as former Argos boss John Walden is appointed chairman.
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Analysis
Analysis: Has B&M bitten off more than it can chew?
On the surface, B&M’s interim results would be the envy of many a high street operator, with pre-tax profit up 32.5% to £115m and group sales up 16% to £1.5bn.
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News
Intu extends bid deadline as talks make 'good progress'
The consortium bidding to buy property giant Intu has been granted a second extension to its ‘put up or shut up’ offer deadline.
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News
N Brown hit with £9m marketing VAT bill
N Brown has said it expects to pay an additional £6m to £9m in marketing costs from 2020 following a long-running dispute with HMRC.
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News
B&M like-for-likes creep up as profits rocket
B&M has reported soaring profits at its half-year mark despite UK like-for-likes only rising slightly.
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Opinion
Opinion: Is AO's mobile phone acquisition a smart call?
AO.com plans to dial up growth with the acquisition of online smartphone specialist Mobile Phones Direct – but does the purchase represent a smart call?
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News
Agenda: Asda, B&M, Card Factory, Kantar/Nielsen and Intu
Retail Week looks ahead to the next seven days with updates from B&M, Asda and Card Factory all on the agenda.
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News
AO World to acquire Mobile Phones Direct
AO World is to buy online phone retailer Mobile Phones Direct for £32.5m as it turns up pressure on Dixons Carphone.
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Analysis
Analysis: Asda can put Sainsbury’s food back on track
When Sainsbury’s and Asda lifted the lid on details of their proposed merger back in April, many analysts suggested it was the latter business which most needed the combination.