All City & finance articles – Page 316
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NewsRadioShack files for bankruptcy protection in the US
RadioShack has filed for bankruptcy protection in the US, with wireless company Sprint poised to set up shop within many of its stores.
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NewsHelen Weir to join Marks & Spencer as chief financial officer on April 1
Marks & Spencer has confirmed that chief financial officer Helen Weir will join the retailer on April 1.
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NewsDFS announces intention to float on the London Stock Exchange
Furniture retailer DFS has announced its intention to float on the London Stock Exchange, and is expecting the offer to raise proceeds of £105m.
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NewsPoundland to acquire 99p Stores for £55m
Value retailer Poundland has agreed a conditional sale agreement to purchase competitor 99p Stores for £55m, the business revealed today.
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NewsBreakfast briefing: Retail news on Topshop, RadioShack, Waterstones, Asda and DFS
Retail news round-up on February 6, 2015: Topshop ordered to pay Rihanna’s legal bill; RadioShack files for bankruptcy; Waterstones narrows losses; Asda says Tesco having ‘heart surgery’; DFS to announce intention to float
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NewsAustin Reed creditors overwhelmingly approve CVA proposal
Creditors of fashion retailer the Austin Reed Group have voted overwhelmingly in favour of its proposed Company Voluntary Arrangement (CVA).
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AnalysisNeed to know: The Groceries Code Adjudicator's investigation into Tesco
The Groceries Code Adjudicator (GCA) has begun an investigation into Tesco following its £263m overstatement of profits last year.
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NewsNext to pay special shareholder dividend worth £90m
Clothing retailer Next plans to pay another special dividend totalling £90m and signalled that it may issue a further three payouts this year.
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NewsStaples set to acquire rival Office Depot in a $6.3bn deal
US office supply and stationery retailer Staples is set to buy rival Office Depot in a cash and stock deal valued at $6.3bn (£4.13bn).
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News
B&M investor raises £384m as it slashes stake in bargain retailer
US private equity firm Clayton, Dubilier & Rice has reduced its shareholding in bargain retailer B&M, selling a 12% stake and raising £384m.
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OpinionComment: Ocado’s first annual pre-tax profit is tribute to Tim Steiner
It still starts with an o and it ends in an o, but at last online grocer Ocado has recorded a full-year statutory profit.
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NewsTesco to pay out more than £2m to former bosses Philip Clarke and Laurie McIlwee
Tesco has revealed it will pay out more than £2m to its former boss Philip Clarke and ex-finance director Laurie McIlwee.
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NewsOcado reports first annual pre-tax profit in its 15-year history
Ocado has reported its first annual pre-tax profit in almost 15 years as it claims it will “continue to lead the grocery revolution in the UK and overseas”.
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NewsBreakfast Briefing: Retail news on Tesco, Dixons Carphone, Morrisons and more
Retail news round-up on February 2, 2015: Tesco convenience head cleared, Dixons Carphone to launch mobile services, Morrisons pensions changes and more.
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NewsMike Ashley to face grilling by MPs following USC administration
Sports Direct owner Mike Ashley is likely to face questioning by Scottish MPs over the administration of his 28 USC stores.
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NewsBreakfast briefing: Retail news on Amazon, Dixons Carphone, Iceland and more
Retail news round-up on January 30, 2015: Amazon makes quarterly profit, Dixons Carphone optimistic on Three-O2 merger, Iceland’s media buying account changes hands and inflation expectations down.
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NewsConsumer confidence rebounds in January after December slip
Consumer confidence jumped by five points in January to 1, after it slipped during December, according to GfK’s Consumer Confidence Index.
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NewsAsos founder Nick Robertson sells shares worth £20m
Asos founder Nick Robertson has sold shares in the fashion etailer worth £20m following a turbulent year for the business.
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NewsBreakfast briefing: Retail news on Tesco, Waitrose, Asos and Irish retail sales
Retail news round-up on January 29, 2015: Tesco recalls foul smelling drink, Asos founder sells shares, Waitrose changes free coffee scheme, Irish retail sales rise
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AnalysisAnalysis: Christmas trading figures show the great retail divide
The festive season’s results inevitably have winners and losers, but this year’s OC&C Christmas Trading Index shows the gulf between them.