All City & finance articles – Page 172
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News
House of Fraser calls in administrators as rescue talks fail
House of Fraser has tumbled into administration after last ditch talks to save the business collapsed.
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News
Card Factory trims profit guidance despite sales rise
Card Factory has downgraded its full-year profit expectations despite registering a boost in interim sales.
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News
HoF creditors to pick a rescue bid as early as today
House of Fraser’s lenders could reportedly decide on bids from at least three white knights today, including Mike Ashley, Philip Day and Alteri Investors.
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Opinion
Opinion: Will the sun shine on B&Q owner Kingfisher?
After the noises made by Wickes’ owner Travis Perkins, many would be forgiven for thinking it was time to send out a retail DIY SOS.
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News
Over 1,000 Homebase jobs at risk
Homebase will reportedly close a quarter of its stores in a company voluntary agreement that could lead to more than 1,000 job cuts.
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News
White Stuff profits halve as 'test and learn' misfires
White Stuff has recorded a slump in sales and profits after a ‘test and learn’ product strategy misfired and heavily constrained trading in the first half.
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News
ScS like-for-likes nudge up as soft trading hits
ScS’ like-for-likes inched up over the year with softer trading and extreme weather hitting its second half.
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News
Zalando expects profits at lower end of target range
Zalando is forecasting its profits will be at the lower half of its target range despite order and customer numbers spiking in the second quarter.
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Cartoon
Retail cartoon: Amazon's small change
Patrick Blower’s take on Amazon paying its lowest UK tax bill for five years – despite almost doubling its profits.
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News
New Look profits up despite falling sales
New Look has reported rising profits despite a dip in sales in its first quarter.
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News
Amazon tax bill drops despite spike in profits
Amazon has declared its lowest UK tax bill for five years, despite almost doubling its profits.
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News
Updated: HoF in rescue talks with Alteri, Philip Day
House of Fraser has held talks with rescue fund Alteri in its search for a new owner.
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News
House of Fraser on the brink as rescue deal collapses
House of Fraser’s future has been plunged into doubt after potential new owner C.Banner pulled out of a takeover deal.
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News
Debenhams credit rating downgraded by Moody’s
Debenhams has had its credit rating downgraded by Moody’s in the latest blow to the beleaguered department store chain.
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News
Apple closes in on $1trn valuation as profits surge
Apple has registered a spike in third-quarter sales and profits, pushing its valuation closer to the symbolic $1trn mark.
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News
House of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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News
Next sales boosted by ‘exceptionally warm weather’
Next has posted an increase in second-quarter sales, buoyed by a “prolonged period of exceptionally warm weather” throughout June and July.
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News
Consumer confidence dips despite warm weather
Consumer confidence dropped one point in July as shoppers’ concerns about their personal finances overshadowed the heatwave and World Cup.
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News
Wickes profits decline in 'challenging' first half
Wickes’ parent company Travis Perkins is launching a “significant cost reduction programme” at the DIY retailer after recording a slump in interim profits.
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News
Mike Ashley in discussions for £50m HoF rescue bid
Sports Direct founder Mike Ashley is reportedly in talks with House of Fraser’s advisers to offer a £50m lifeline to the struggling department store chain.