All City & finance articles – Page 195
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News
ScS bucks big-ticket blues with first-quarter sales rise
Sofa and carpet specialist SCS unveiled positive like-for-likes in its first quarter as it continues to sidestep the big-ticket slowdown caused by tough market conditions.
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News
Ex-Asda boss Clarke ‘surprised’ by Tesco-Booker verdict
Former Asda boss Andy Clarke admits he was ‘surprised’ by the competition watchdog’s decision to provisionally approve Tesco’s £3.7bn mega-merger with Booker.
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News
Sports Direct increases credit facility to £907m
Sports Direct has increased its credit facility to more than £900m to help fund founder Mike Ashley’s vision to become ‘the Selfridges of sport’.
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News
AO.com losses widen as investment hits bottom line
AO.com has posted widening losses at the interim mark despite healthy sales rises across the UK and Europe.
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News
Crew Clothing on cusp of sale to Exquisite Apparel
Crew Clothing is on the cusp of being sold to US-based clothing manufacturer Exquisite Apparel, Retail Week has learned.
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News
DFS’ Sofology acquisition given green light by CMA
DFS has been given the go-ahead by the competition watchdog to complete its £25m acquisition of rival retailer Sofology.
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News
Bonmarché profits jump as turnaround bid builds momentum
Bonmarché has posted a spike in half-year profits and sales as boss Helen Connolly’s turnaround efforts began to bear fruit.
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News
BrightHouse bondholders on cusp of restructuring deal
BrightHouse owner Vision Capital could be left with just a 3% stake in the retailer as part of a £220m restructuring of the embattled business.
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News
Agenda: Bonmarché, AO, Kingfisher, Quiz, Mothercare, Majestic
Retail Week looks ahead to the next seven days, with updates from Bonmarché, AO, Kingfisher, Quiz, Mothercare and Majestic on the agenda.
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News
Farfetch losses widen despite soaring sales
Farfetch’s losses have increased in its last financial year amid the business gearing up to prepare for a float.
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News
Ted Baker beats tough conditions with sales rise
Ted Baker has posted a third-quarter sales rise, despite tough trading conditions in some of its markets.
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News
Tesco-Booker merger plan blasted by leading shareholder
Tesco’s planned merger with wholesaler Booker has been attacked by one of the grocer’s top shareholders.
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News
Card Factory sales rise but 'external' pressures bite
Card Factory said sales grew 6.7% in the nine months to October 31, but warned that it still faces pressure from slumped Sterling and rising wages.
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News
Game full-year profits slide amid 'volatile' markets
Game has racked up full-year losses as the retailer battled with a ‘volatile’ UK gaming market and invested in its fledgling events and esports business.
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Interview
Retail Week Live: John Rogers on how to beat Amazon
Sainsbury’s pulled off the biggest retail acquisition of the year in 2016 when it snapped up Argos owner Home Retail Group in a £1.4bn deal.
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News
B&M profits soar as it ploughs on with store expansion
B&M has recorded a spike in interim sales and profits as boss Simon Arora said the retailer continued to “prosper in a challenging retail environment”.
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Opinion
Opinion: As M&A activity slows, don’t forget the float
Despite the rush for retail consolidation sparked by Tesco’s move for wholesale titan Booker, 2017 has been a relatively slow year for mergers and acquisitions.
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News
Ikea sales grow as it hits 30-year UK anniversary
Ikea’s UK sales rose as the Swedish furniture and homewares retailer marked 30 years in Britain.
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News
Agenda: Asda updates and ONS retail sales data
Retail Week looks ahead to the next seven days, with an update from Asda and inflation and retail sales data from the ONS on the agenda.
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News
Superdry sales up but soaring wholesale hits margins
Superdry’s sales shot up in its half year, boosted by a stellar performance in its wholesale division.