All City & finance articles – Page 316
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NewsMike Ashley to sell 2.6% stake in Sports Direct worth £117m
Mike Ashley is selling over 15 million shares equating to a 2.6% stake in Sports Direct through Goldman Sachs for £117m.
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AnalysisDixons Carphone Christmas trading: What the analysts say
Dixons Carphone has reported a strong festive season as it reported group like-for-likes up 7% during a ‘roller coaster’ Christmas. Here’s what the analysts say.
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OpinionComment: Dixons Carphone shows the way in adapting to changing shopper habits
Mergers frequently have a habit of failing to deliver the promised benefits, but not Dixons Carphone.
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NewsPets at Home like-for-likes jump 4.1% after strong services growth
Pets at Home’s like-for-like revenues increased by 4.1% in its third quarter as it recorded rapid growth across its services business.
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NewsHalfords like-for-likes surge as shoppers snap up bikes for Christmas
Halfords recorded strong like-for-like growth over Christmas as cycling sales surged with customers buying children’s bikes as presents.
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NewsPoundland posts 10% Christmas sales rise despite 'tough conditions'
Poundland’s total revenue excluding Spain jumped 10.2% in the Christmas quarter, on a constant currency basis.
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NewsDixons Carphone Christmas sales rise in 'roller coaster' trading period
Dixons Carphone has reported a strong festive season in its first Christmas update since forming the new company last year.
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NewsMamas & Papas losses widened to £12.1m in the year before CVA
Mamas & Papas reported pre-tax losses more than quadrupled to £12.1m in the year to March 2014, six months before a major restructure saved the business.
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OpinionComment: Game profit warning does not mean 'game over' after IPO reboot
Confidence in Game’s return to the stock market was rattled last week when it issued a shock profit warning after sales fell over Christmas.
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NewsNaked Wines toasts record performance as Christmas sales soar
Online wine specialist Naked Wines notched up a 40% rise in sales over Christmas and shipped a record 13 million bottles last year.
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AnalysisIn the news: Beales buyer and property tycoon Andrew Perloff profiled
“I don’t need a press office,” says Andrew Perloff when Retail Week’s call is put straight through to him after it emerged that he’d made an offer to buy Beales.
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NewsFormer Tesco boss Leahy criticises 'failure of leadership' at the grocer
Former Tesco chief executive Sir Terry Leahy has said there was a “failure of leadership” under his successor Phil Clarke.
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NewsAhold sales increase 7.9% as it parts company with Albert Heijn boss
Dutch retailer Ahold increased sales 7.9% during its fourth quarter and is to part company with the chief executive of its Albert Heijn business.
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NewsWestern retailers Apple, Inditex and Carrefour step up China plans
Western retail giants are stepping up their plans to expand into China as they seek to take advantage of the booming local economy.
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NewsUS teen fashion retailer Wet Seal files for bankruptcy after sales slump
US teen fashion retailer Wet Seal has filed for bankruptcy just days after closing hundreds of its stores and cutting thousands of jobs.
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NewsBeales board agrees to cash offer from property tycoon Andrew Perloff
Beales has agreed to a recommended cash offer from English Rose, a vehicle controlled by outspoken property investor Andrew Perloff.
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NewsConviviality Retail's half-year profits jump 46.7% after store closures
Off-licence group Conviviality Retail has increased half-year profits by 46.7% as the retailer recorded a strong Christmas trading period.
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NewsThorntons hails 'outstanding' Christmas retail performance as sales jump
Thorntons has hailed an ‘outstanding’ Christmas in its retail division as its like-for-like sales leapt during December.
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NewsTesco job cuts start at the top as senior managers face axe
Tesco has begun cutting jobs and shifting responsibilities among some of its most senior executives, it is understood.
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NewsJD Sports sales soar over Christmas after dumping Bank fashion chain
JD Sports has reported a sales surge across the Christmas trading period after offloading its struggling young fasion fascia Bank.