All City & finance articles – Page 314
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NewsUSC owes creditors £15.2m following its administration
Creditors of Sports Direct-owned fashion retailer USC are owed a total of £15.2m according to a report issued by administrators.
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OpinionComment: Kingfisher boss Laury expected to confront overspaced estate
As new Kingfisher chief executive Véronique Laury prepares to post full-year figures in just over a month’s time, the pressure is on.
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AnalysisPoundstretcher revamps stores and strategy as it bids to gain market share
Retail Week speaks to Poundstretcher’s managing director Ian York about the discount retailer’s new strategy and expansion plans.
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NewsColes' profit growth dips again as it seeks to avoid mistakes of UK grocers
Australian grocer Coles’ first-half profit growth has halved to 7.1% compared to the same period two years ago as it seeks to avoid mistakes made by UK grocers.
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NewsDFS valued at £585m as it sets share price range ahead of float
DFS has set a price range of 245p to 310p per share, which will value it at around £585m when it floats on the stock exchange next month.
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NewsNew Look aims for £2bn floatation as it hires JP Morgan
New Look is planning a stock market flotation that could value the UK’s second largest fashion retailer at as much as £2bn.
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NewsPrimark expects 16% jump in half-year sales after European expansion
Half-year sales at fashion retailer Primark are expected to jump 16% at constant currency rates, driven by its European expansion.
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NewsLush like-for-likes jump 9.1% after global expansion into emerging markets
Lush has reported like-for-like sales jumped 9.1% in 2014 after expanding into emerging markets around the world.
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NewsInfographic: Valentine’s Day drives sales at John Lewis
Beauty, lingerie, flowers and bubbles drove sales at John Lewis Partnership’s stores as shoppers spent their cash on loved ones for Valentine’s Day.
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NewsAsda full-year like-for-likes fall for the first time in six years
Asda like-for-like sales fell 1% in 2014, the first time in six years that the supermarket giant’s full year like-for-likes have dropped.
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OpinionNick Bubb’s verdict: Sports Direct - smoothing over the cracks?
Ahead of today’s update, the City worried that cracks were appearing in Sports Direct’s edifice, but they have been smoothed over.
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NewsSports Direct sales growth slows after 'weak winter' across Europe
Sports Direct experienced slowing sales growth over its Christmas quarter following a weak winter sports season for its European stores.
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NewsBreakfast Briefing: Retail news on local grocers, USC collapse, Burberry and more
Retail news round-up on February 19, 2015: Shoppers ditch supermarkets for local grocers, parliament summons Sports Direct owner Mike Ashley, Eve eyes £1m turnover and more.
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AnalysisVideo: Cantor Fitzgerald's Mike Dennis - is John Allan the right chair for Tesco?
Cantor Fitzgerald food analyst Mike Dennis asks whether John Allan knows the grocery retail sector well enough.
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NewsPandora boss Allan Leighton receives £3.4m payout ahead of mooted Co-op move
Pandora’s Allan Leighton is set to receive DKr34m (£3.4m) from the Danish jewellery retailer before he steps down as chief executive in March.
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NewsJewellery retailer Pandora reports strong global growth
Jewellery retailer Pandora recorded a 39.5% increase in net profit in 2014, driven by the broadening of its portfolio of products.
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OpinionComment: A year and counting… when will Sports Direct hire a finance director?
Sports Direct gets curiouser and curiouser and it is surely time the lack a finance director is addressed at the retailer.
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NewsBreakfast Briefing: Retail news on Amazon, Tesco and business rates
Retail news round-up on February 17, 2015: Amazon shoppers hit by website outages, Tesco pays £20,000 community fund, Hammerson calls for fairer business rates and more.
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NewsModa Operandi raises $60m in latest investment round
Luxury ecommerce site Moda Operandi has pulled in $60m (£39m) of funding, with the US etailer plotting to bolster its presence overseas.
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NewsBreakfast briefing: Retail news on Tesco, Morrisons, Apple and Foyles
Retail news round-up on February 16, 2015:Tesco could shed 10,000 positions as Archie Norman enters chairman race, Morrisons reduces prices on grocery products, Apple secretly working on electric car project