All City & finance articles – Page 182
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NewsFrench Connection sells stake in Toast to aid recovery
French Connection has sold its stake in Toast in a bid to free up resources to aid its ongoing turnaround efforts.
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NewsNisa sales up as Palmer & Harvey demise swells numbers
Nisa’s sales rose over its fourth quarter as the stores it supplies swelled by more than 1,000 thanks to the collapse of Palmer & Harvey.
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NewsCard Factory full-year profits hit by cost headwinds
Card Factory’s bottom line took a knock in its last full year as increased sourcing and wage costs ate into profits.
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NewsAO World full-year sales spark as margins improve
AO World said sales and margins improved in its last full year, driven by strong trading at its fledgling European business and reduced advertising spend.
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NewsAgenda: Updates from Tesco, Asos, WHSmith and more
Retail Week looks ahead to the next seven days, with updates from Tesco, Asos, WHSmith, Quiz, Dunelm and Card Factory on the agenda.
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NewsBargain Booze owner Conviviality enters administration
Conviviality has formally entered administration as the beleaguered business continues to seek buyers for its retail division.
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NewsHammerson hits pause on Intu amid Klépierre interest
Hammerson has halted its proposed £3.4bn acquisition of rival Intu amid interest from French property giant Klépierre.
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NewsTopps Tiles sales edge ahead in ‘challenging’ market
Topps Tiles sales inched up in its first half, but the business warned it was taking a “cautious view” of the remainder of the year.
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NewsDeflation reaches deepest level since February 2017
Shop price deflation accelerated in March, reaching its deepest level in more than a year.
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NewsSpar supplier AF Blakemore to sell wholesale division
Spar’s biggest supplier AF Blakemore is selling its wholesale division following a strategic review of the business.
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OpinionConviviality – the dangers of glass-half-full attitudes
Success in retail often turns on a sixpence and, in attempting to pull off that difficult manoeuvre, drinks specialist Conviviality careered spectacularly off course.
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NewsHouse of Fraser investor to provide £30m cash injection
House of Fraser’s Chinese investor has pledged to provide about £30m to the embattled department store group.
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NewsConviviality faces investor legal action threat
Conviviality may be sued by investors who believe they were misled about the retailer’s performance.
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NewsBunnings seeks buyers as Lazard brought on board
Bunnings owner Wesfarmers is scouting for potential buyers of its UK DIY chain and has drafted in Lazard to advise.
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AnalysisConviviality: The inside story of its dramatic collapse
As remarkable as it sounds given the benefit of hindsight, at the beginning of the year Conviviality was one of the darlings of the City.
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NewsJigsaw deal sealed as Ross and Robinson partner up
Jigsaw has a new majority shareholder. Carphone Warehouse co-founder David Ross has teamed with founder John Robinson, to secure the retailer’s future.
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NewsAgenda: Topps Tiles and the BRC Shop Price Index
Retail Week looks ahead to the next seven days, with an update from Topps Tiles and the BRC-Nielsen Shop Price Index on the agenda.
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NewsUpdated: Conviviality to enter administration
Conviviality intends to appoint administrators within 10 business days after failing to raise the £125m it needed to secure its future.
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NewsWBA profits jump despite Boots sales drop
Walgreens Boots Alliance recorded a rise in its second-quarter profits driven by strong sales growth across its US subsidiaries.
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NewsH&M profits plunge as cold snap prompts discount frenzy
H&M has blamed price cuts and cold weather for a crash in first-quarter profits and warned that more discounting is needed.