All City & finance articles – Page 191
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News
Steinhoff chairman Wiese quits amid accounting scandal
Steinhoff chairman Christo Wiese has stepped down from the role in the wake of the group’s accounting scandal.
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News
Sports Direct profits plunge exacerbated by UK sales dip
Sports Direct has posted a drop in interim profits despite what boss Mike Ashley describes as a “spectacular trading performance” across its flagship stores.
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News
Sports Direct investors block Ashley’s brother’s £11m
Sports Direct’s investors have blocked a proposed £11m payout to the brother of majority shareholder and founder Mike Ashley.
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News
Households squeezed as inflation hits six-year high
The squeeze on household income intensified in November, when inflation hit a six-year high.
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News
Dixons Carphone profits slashed despite sales rise
Dixons Carphone has reported plummeting profits despite sales inching up in its half-year.
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News
Westfield snapped up by Unibail-Rodamco for $25bn
French giant Unibail-Rodamco has agreed to buy Westfield for $24.7bn, marking the biggest takeover of an Australian company on record.
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News
Joules sales jump as expansion continues apace
Joules has unveiled a near 20% sales jump in its first half as the retailer continues to expand across all its markets.
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News
Carpetright warns on profits as tough market bites
Carpetright has warned that full-year profits will come towards the bottom end of market expectations as tough trading conditions continued.
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Opinion
Opinion: A cracker for grocers, turkey for the rest?
’Tis the season to be jolly, but it might only be the grocery retailers bringing good tidings from the industry this Christmas.
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News
House of Fraser and New Look hit by credit downgrade
House of Fraser and New Look have had their credit ratings downgraded by investor agency Moody’s following erratic trading.
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News
BrightHouse close to £220m restructuring deal
BrightHouse is poised to reveal a £220m financial restructuring through a debt-for-equity swap.
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News
Steinhoff shares crash 75% after accounting probe
Steinhoff has had around three-quarters of its market value wiped out in just 48 hours after launching a probe into accounting irregularities.
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Analysis
Hammerson's Intu deal – pain or gain for retailers?
This year started with one of the biggest corporate surprises in recent memory – Tesco’s £3.7bn acquisition of wholesale giant Booker.
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Analysis
Poundstretcher profits rise despite falling sales
Poundstretcher has posted a healthy boost in its full-year profits as the value retailer rejigs its store estate to focus on retail park openings.
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Opinion
Why M&S is right to review new store developments
Though clearly a hard decision to make – both in terms of the impact on jobs and politically – I firmly believe Marks & Spencer is making the right decision in undertaking a review of its current and planned store portfolio with a view to reducing the overall size of its trading estate in the UK.
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News
Steinhoff boss Jooste resigns amid accounting scandal
Poundland owner Steinhoff’s chief executive Markus Jooste has stepped down with immediate effect as the group launches a probe into “accounting irregularities”.
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News
Mulberry sales buoyed by post-Brexit tourist boom
Mulberry’s UK sales edged up 1% to £45m in its first half after an increase in tourist spend in London balanced out slowing domestic demand.
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Opinion
Will US retail property showdown be replicated in UK?
As retailers restructure amid harsh trading conditions and changing shopping habits, a legal judgement in the US may carry implications on this side of the pond.
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Opinion
Opinion: Casino deal proves Ocado stock is not a gamble
The Ocado stock had always looked like an investment more akin to a gamble, rather than an odds-on winner.
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News
Edinburgh Woollen Mill reveals rising profits and sales
Edinburgh Woollen Mill Group has revealed that profits and sales both grew in the year in which it acquired Austin Reed, Country Casuals and Viyella.