All City & finance articles – Page 290
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Opinion
Tesco under Lewis: A share price rollercoaster ride for investors
In the year since Dave Lewis joined Tesco, its share price has had just as much of a rollercoaster ride as the chief executive himself.
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News
Fashion retailer Joules' profits soar ahead of 100th store opening
British fashion retailer and brand Joules has reported a 36% jump in full-year pre-tax profits as its celebrates its 25th anniversary.
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News
The Hut Group eyes expansion and potential acquisitions with £210m loan
The Hut Group has secured loan terms with its banks as it eyes UK and international expansion as well as potential mergers and acquisitions.
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Opinion
Comment: Leadership lessons from Dave Lewis’s first year at Tesco
As Dave Lewis reaches his first anniversary as chief executive of Tesco, it is fair to say he’s had a pretty tough year.
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News
Woolworths chairman exits as Australian grocer reports 12% profit slump
Woolworths chairman Ralph Waters will leave the struggling supermarket chain next week after the retailer revealed full-year profits nose-dived.
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Analysis
Tesco under Lewis: A 'make or break' year looms large for the grocer’s boss
To say Dave Lewis has been on the proverbial rollercoaster ride since taking the Tesco hot seat a year ago would be an understatement.
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News
Former Tesco boss Philip Clarke summoned by Serious Fraud Office
Former Tesco chief executive Philip Clarke has been summoned for an interview by the Serious Fraud Office over the grocer’s accounting scandal.
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News
Breakfast briefing: Retail news on Tesco, consumer confidence and TK Maxx
Retail news round-up on August 28, 2015: Fraud office summons ex-Tesco chief for interrogation and August consumer morale unexpectedly up.
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News
Furniture Village profits surge as it gears up for website relaunch
Furniture Village has recorded a surge in profits for the year and cleared its bank debts as it gears up to relaunch its website.
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News
Signet's UK sales hit in second quarter by exchange rates
Ernest Jones owner Signet has recorded a dip in total sales at its UK division during its second quarter after being hit by currency exchange rates.
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Analysis
Retail share prices: Stores fall amid China turmoil but Poundland deal approved
Food and general retailers alike were down with the market as the effects of financial turmoil in China were felt in markets globally.
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News
The Original Factory Shop profits surge as it overcomes supply chain issues
The Original Factory Shop has recorded a huge surge in full-year profits after a three-year transformation plan got off to a strong start.
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Video
Watch: How global grocery sales are forecast to rise by 2020
Grocery sales are poised to rocket in India and Nigeria according to IGD. Find out how other countries will fare over the next five years.
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Opinion
China crisis could take toll on UK retailers at home and abroad
China’s financial fortune cookie looks as if it may be in danger of being smashed to smithereens as investors worldwide dump equities.
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News
Poundland to scrap 99p Stores fascia but retain all its shops
Poundland will scrap the 99p Stores fascia and replace it with its own name, following news of provisional regulatory clearance for the £55m takeover.
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News
Poundland acquisition of rival 99p Stores provisionally approved by CMA
Poundland’s acquisition of rival retailer 99p Stores has been provisionally approved by the Competition and Markets Authority (CMA).
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Analysis
Ahold reveals steady second-quarter growth as sales rise 3.1%
Dutch market leader Ahold has seen net sales increase 3.1% to €8.69bn (£6.34bn) at constant exchange rates in its second quarter.
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News
Tesco could delay sale of Korean business as local currency slides
Tesco could earn less than expected from the sale of its Korean business – and could delay the sell-off – after a slide in the local currency.
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News
New BHS owner Retail Acquisitions seeks £70m to fund turnaround
Retail Acquisitions, the new owner of BHS, aims to raise about £70m from the City to fund the retailer’s turnaround plans.
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News
Gadgets retailer Menkind plans expansion after buying competitor Red5
Gadgets and gifts specialist Menkind has bought counterpart Red5 and plans expansion in the UK and overseas.