All City & finance articles – Page 312
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NewsFoot Locker fourth-quarter profits jump by 25% as sales surge
Foot Locker has reported a surge in sales and profits for its fourth quarter as it benefits from consumers choosing workout gear over more traditional leisure wear.
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NewsM&S to offer shareholders discounted gift card alongside dividend
Marks & Spencer shareholders are to be offered a discounted gift card instead of a dividend payment under the retailer’s new plans.
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NewsMorrisons former chief Dalton Philips to receive £3m payout
Morrisons’ ousted former boss, Dalton Philips, is to receive a £3m pay-off despite presiding over a period of tumbling sales and profits.
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NewsBreakfast Briefing: Retail news on Tesco, Bhs, Morrisons and more
Retail news round-up on March 9, 2015: Boss in charge of in-store dining at Tesco steps down, Ex-BHS director joins bid to buy chain from Sir Philip Green, Morrisons’ ex-chief Dalton Philips to receive £3m in pay-off
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NewsRetail investor Alteri hires Magnus Mattsson as chief investment officer
Retail investor Alteri Investors has appointed Magnus Mattsson to the newly created chief investment officer role to drive its activity across Europe.
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OpinionNick Bubb’s verdict: Does DFS stand for Dull Furniture Sale?
The lukewarm reception from investors to the DFS Furniture IPO does not augur well for New Look’s chances of trying to float again.
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NewsDFS valuation drops £40m as it sets share price at lower end of range
DFS has set its share at the lower end of the marketed range as it floats today in a move that reduces the value of the company to £543.2m.
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NewsNew Look to move into new London flagship in Oxford Circus
New Look is to move into a 31,800 sq ft flagship store in London’s Oxford Circus in 2017.
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NewsEtsy to float on New York Stock Exchange as it seeks to raise $100m
Online craft marketplace Etsy has filed its intention to float on the New York Stock Exchange as it seeks to raise $100m (£66m) from the IPO.
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NewsBreakfast Briefing: Retail news on Amazon, Farfetch and Harvey Norman
Retail news round-up on March 5, 2015: ASA bans Amazon’s misleading Prime ‘free trial’ ad, Farfetch raises financing, Harvey Norman reduces Irish losses
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OpinionComment: Ao.com may have wobbled but it has not wilted
Ao.com has had a turbulent year, with the retailer floating, soaring in value and issuing a profit warning within 12 months.
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OpinionComment: Thorntons strives to restore an eggcellent performance
The chocolatier’s efforts to turn itself into an FMCG business have turned soft as a Belgian truffle but its brand is still strong.
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NewsTK Maxx and HomeSense owner TJX records $325m full-year profit in Europe
TX Maxx owner TJX Europe’s profits increased 15% to $325m (£211.5m) this year.
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NewsMcColl’s demonstrates strength of convenience as it posts strong first quarter
McColl’s Retail Group has posted an increase in profits and revenue in its first full-year trading figures since its IPO last February.
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NewsWickes' 2014 profits jump 22.7% as transformation programme kicks in
Travis Perkins’ consumer arm, which largely consists of Wickes, has reported its adjusted operating profit increased 22.7% to £77m.
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NewsBreakfast Briefing: Retail news on Tesco, Morrisons, Reiss and more
Retail news round-up on March 3, 2015: Another manager poised to exit Tesco, Morrisons look to pay more sustainable dividend, Reiss to debut in Canada.
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NewsMarks & Spencer unveils China expansion as Asia boss steps down
Marks & Spencer has unveiled plans for further expansion in China on the same morning it was revealed its head of Asia quit the retailer.
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NewsTK Maxx airs its first ever Red Nose Day TV advert
TK Maxx aired its first ever TV advert for Red Nose Day during the week, starring singer Lily Allen wearing a charity T-shirt.
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NewsBillionaire Buffett admits 'embarrassment' over Tesco investment
Billionaire investor Warren Buffett has admitted he is “embarrassed” for taking too long to exit a £1.5bn investment in supermarket giant Tesco.
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NewsSports Direct faces City backlash over search for finance director
Sports Direct is facing growing unrest among its shareholders over the retailer’s ongoing search for a new finance director.