All City & finance articles – Page 284
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NewsReiss ups focus on global expansion as full-year profits double
Reiss has ramped up its focus on global expansion after full-year group profits doubled, although losses from its international division widened.
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AnalysisHow a British FD became chairman of French luxury brand ST Dupont
Sharon Flood has a diverse portfolio career that spans Network Rail, the Science Museum and French luxury brand ST Dupont, where she is driving UK expansion.
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NewsHamleys sale to overseas buyer likely to be completed within weeks
The sale of famous toy retailer Hamleys to a Chinese buyer is thought likely to be completed within weeks after months of speculation.
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AnalysisNext week in retail: Updates from Asos, Home Retail and Mothercare
Retail Week looks ahead to next week, with full-year results from Asos, interim figures from Home Retail and a second quarter update from Mothercare.
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AnalysisWHSmith boss downplays living wage impact as 'business as usual'
The introduction of the national living wage in April will have minimal impact on WHSmith, according to boss Stephen Clarke.
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AnalysisBurberry's half-year results disappoint: What the analysts say
Burberry fell well short of forecasted sales growth in its half-year results, here’s what the analysts had to say about the results.
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AnalysisGame invests 'heavily' in Multiplay and prepares for virtual reality gaming
Game is to invest “heavily” in its Multiplay business and is preparing to exploit the virtual reality gaming market as it adapts for the digital age.
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AnalysisBooker half-year profits rise as it bids to bolster retail business
Food wholesaler and retailer Booker has reported a 10% rise in half-year pre-tax profits amid plans to further bolster its retail business.
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AnalysisGame profits slip as rising operating costs hit performance
Game full-year adjusted pre-tax profit dropped 4.5% to £38m as operating costs hit the specialist’s performance.
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AnalysisWHSmith reveals rising profits and estimates £2m to £3m living wage impact
WHSmith has reported rising profits but flat like-for-likes in its full year as it estimates the living wage will cost it £2m to £3m a year.
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AnalysisTesco sells 14 Spenhill development sites in deal worth £250m
Tesco has agreed to sell 14 Spenhill development sites for £250m as it seeks to strengthen its balance sheet.
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AnalysisWalmart expects profits to fall as it reinvests in staff and ecommerce
Walmart has said profits will drop between 6% and 12% in its next financial year as it ploughs cash into reviving its slowing sales growth.
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AnalysisMatalan expects profits to tumble as warehouse issues cause 'severe impact'
Matalan expects its full-year profits to tumble after it suffered the “severe financial impact” of problems at its new distribution centre during its second quarter.
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AnalysisN Brown half-year profits slump as digital transformation costs hit retailer
N Brown has reported a slump in half-year profits and that is has closed 18 clearance stores as it continues to transform into a digital business.
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AnalysisToys R Us merchandise chief resigns months after European restructure
Toys R Us’ former UK boss Roger McLaughlan has resigned from the retailer a few months after being handed a new role following a European restructure.
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AnalysisUK returns to deflation after 'smaller than usual' rise in clothing prices
The UK has fallen back into deflation as a smaller than usual rise in clothing prices and falling fuel costs drove the inflation rate down.
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AnalysisSports Direct chiefs must act to address the retailer’s worsening reputation
Sports Direct is one of the greatest entrepreneurial success stories in contemporary retail, but its apparent disdain for the outside world is increasingly taking a toll.
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AnalysisWaterstones sales up 5% after 'better vintage' releases on Super Thursday
Waterstones managing director James Daunt revealed Super Thursday boosted sales by 5% following a “better vintage” of book launches this year.
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AnalysisTesco faces legal action from US investment funds over accounting scandal
Tesco is facing multimillion-pound legal action from four US pension and investment funds after its “massive restatement” of profits last year.
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NewsBreakfast briefing: Retail news on Tesco and self-service tills
Retail news round-up on October 12, 2015: Tesco faces action over profit restatement and supermarket shoppers leave £2.5m at self-service tills.