All City & finance articles – Page 207
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NewsBurberry shareholders revolt over Bailey’s pay
Burberry shareholders have rebelled over the high pay of executives, with almost one third of investors refusing to back the proposed wage packets.
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NewsN Brown suffers £40m setback over insurance products
N Brown has warned it will incur up to £40m in exceptional costs this year after unearthing “flaws” in general insurance products it previously sold.
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NewsSport Direct’s Mike Ashley snaps up 25% stake in Game
Mike Ashley has added to the list of retailers he has invested in and swooped on a 25.75% stake in struggling retailer Game.
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OpinionOpinion: Has Ashley lost Sports Direct’s dressing room?
There’s a saying in football that when players stop performing and the team falls into a downward spiral, the manager has ‘lost the dressing room’.
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NewsToday in retail: Is B&M set for a Brexit bonanza?
After unveiling rocketing first-quarter sales, B&M boss Simon Arora reaffirmed his belief that the impact of Brexit on the economy would attract new customers.
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NewsEve Sleep expands tie-up with Next Home as sales rise
Eve Sleep, which floated two months ago, has unveiled a major expansion of its partnership with Next Home and strong sales growth.
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OpinionOpinion: Retail is in the UK's DNA, be proud of it
There has been a great deal of focus in recent months on the travails of the retail sector.
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NewsBurberry sales creep up as Asia Pacific rallies
Burberry’s sales have crept up during its first quarter, boosted by an improvement in its tricky Asia Pacific market.
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NewsB&M sales soar as Arora hails best Q1 in years
Value retailer B&M’s sales have rocketed during what boss Simon Arora described as its strongest first quarter in three years.
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OpinionNick Bubb’s verdict: M&S – food bad, clothing good?
The City is used to M&S delivering good food sales growth and bad clothing trading, so today’s first-quarter update threw a spanner in the works.
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NewsStore Twenty One collapses into liquidation
Store Twenty One has collapsed into compulsory liquidation, sparking the loss of 900 jobs.
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NewsM&S boss Rowe downplays food like-for-like drop
Marks & Spencer boss Steve Rowe has downplayed the significance of the like-for-like dip in its grocery sales during the first quarter of the year.
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NewsM&S stems fashion decline as full-price sales spike
Marks & Spencer has stemmed the rate of sales decline in its crucial fashion division and hailed further growth in full-price sales.
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NewsToday in retail: Lidl's new boss lays down the gauntlet
He may be the new kid on the block, but Lidl UK’s boss Christian Härtnagel is proving he’s ready to mix it with his more experienced rivals.
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NewsBrighthouse eyed by hedge funds in debt for equity deal
US hedge funds are aiming to take control of rent-to-own specialist Brighthouse as the retailer labours under the weight of its debt.
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NewsEvans Cycles profits punctured despite sales rise
Evans Cycles posted a slump in its preliminary profits, which new boss Andy King attributed to ongoing adverse market conditions.
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InterviewInterview: Evans Cycles' new boss Andy King
Evans Cycles’ new chief executive Andy King talks to Retail Week about catering for commuters and his strategy to pedal the business into profit growth.
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AnalysisDunelm trading update: What the analysts say
Homewares specialist Dunelm – which bought etailer Worldstores last November – reported better than expected sales in the fourth quarter, but downgraded profit expectations.
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NewsSuperdrug stablemate Savers posts spike in profits
Superdrug stablemate Savers has posted a jump in profits and sales, buoyed by new store openings and strong like-for-like growth.
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NewsDunelm like-for-likes drop despite fourth quarter boost
Dunelm has suffered a decline in like-for-like sales across its full year despite a trading boost during its fourth quarter.