All City & finance articles – Page 288
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NewsH&M hit by warm August but third-quarter sales up 11%
H&M revealed slowing sales growth in August, blaming “unseasonably warm weather”, but third-quarter sales soared 11%.
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NewsCard Factory founder Dean Hoyle invests in The Works and appointed chairman
Card Factory founder Dean Hoyle has made a ‘sizeable’ investment in discounter The Works and will become its chairman.
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NewsClothing prices help peg UK inflation rate back to 0%
The UK inflation rate fell back to 0% in August, down from 0.1% the previous month, largely due to a smaller rise in clothing prices.
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OpinionMorrisons is being deserted by investors but Potts could rekindle success
So far, the market hasn’t taken much to Morrisons’ newish chief executive David Potts’ ideas about turning around the grocer.
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NewsOcado third-quarter sales climb 15.3% despite 'tough market'
Online grocer Ocado reported retail sales increased 15.3% to £252m in its third quarter as its sales and orders increased.
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NewsKingfisher profits slip as 'strong' UK earnings offset by currency volatility
B&Q owner Kingfisher’s adjusted pre-tax profit slipped 2.3% in its first half as “strong” UK profit earnings were offset by currency volatility.
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NewsBooker Group completes £40m acquisition of Londis and Budgens
Booker Group has completed its £40m acquisition of Musgrave Retail Partners GB, owner of convenience stores Londis and Budgens.
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NewsPoundworld pre-tax profits rebound strongly following 'landmark year'
Poundworld has recorded a surge in full-year profits after they were hit in the previous two years by a large-scale investment programme.
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NewsThe Works' profits and sales surge as transformation plan takes root
Discount retailer The Works has revealed a surge in profits and sales on the back of an overhaul of its stores and multichannel offer.
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NewsBHS secures £65m loan from Grovepoint Capital to fund turnaround
BHS has secured a £65m loan from investment group Grovepoint Capital as the retailer’s new owners seek to turnaround the business.
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VideoThe Retail Week: The big themes from retail's 'Super Thursday' results day
Catch up on this week’s big retail stories with analysis from executive editor George MacDonald and content editor Nicola Harrison.
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OpinionNick Bubb's verdict: Getting excited about wage rates and debtor levels?
Following Next’s half-year results, many retail bosses would be energised by the subjects of retail wage rates and credit account trends.
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AnalysisMorrisons’ turnaround strategy: David Potts’ six-point plan
Morrisons first-half results revealed a devastating 35% slump in profits, but chief executive David Potts today outlined a turnaround plan.
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NewsNext boss Lord Wolfson confident customers can afford price hikes
Next boss Lord Wolfson has defended plans to increase its prices due to the Government’s living wage, saying “the maths is very compelling”.
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NewsMorrisons likely to jettison Match & More loyalty scheme
Morrisons chief executive David Potts has strongly hinted that the grocer’s Match & More loyalty scheme will be dropped.
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NewsHome Retail boss Walden 'optimistic' this Black Friday will be less disruptive
Home Retail boss John Walden is “optimistic” Black Friday will be less disruptive than last year as the group gears up for Christmas.
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NewsDixons Carphone starts new financial year in style as sales climb
Mobile phones and electricals powerhouse Dixons Carphone has posted a strong first-quarter performance, driven by its core UK and Ireland arm.
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NewsDunelm reports profits rise and sets out growth ambitions
Homewares group Dunelm has posted a rise in full-year profits after a strategic overhaul and is in “better shape than ever” to grow.
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NewsArgos like-for-likes fall 2.8% in second quarter as electricals demand wanes
Argos like-for-likes fell 2.8% in the second quarter as demand for electricals fell amid “weaker overall market conditions”.
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NewsNext warns on living wage impact as first-half profits climb
Next has reported a 7.1% rise in first-half profits, but warned that the Government’s new living wage will cost the business £27m a year and force up its prices.