All City & finance articles – Page 321
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NewsSainsbury's reports Q3 like-for-likes down 1.7% and outlook challenging
Sainsbury’s has reported like-for-like retail sales for its third quarter down 1.7% excluding petrol, and boss Mike Coupe warns of challenging times ahead.
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NewsThe Works drives Christmas sales growth as it holds off from 'heavy discounting'
The Works has increased like-for-like sales by 6% over Christmas while maintaining its margins as it held off from “heavy discounting”.
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AnalysisTesco: What to expect from its Christmas results and strategy update
The embattled supermarket giant will update the market with its third quarter and Christmas trading on Thursday. We outline what it is expected to reveal.
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NewsThe Fragrance Shop sales up 5% as Christmas Eve trumps Black Friday
The Fragrance Shop’s like-for-likes increased by 5% over the Christmas period after it benefited from last minute sales.
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OpinionComment: The retail industry’s share price sparklers of 2014
Why Tesco investors might take comfort from the strong share price performance last year of Signet, Dixons Carphone and WHSmith.
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NewsTesco considers closing its defined benefit pension scheme
Tesco is considering closing its defined benefit pension scheme to new members, because of the retailer’s recent financial crisis.
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NewsPoundstretcher reports 'best Christmas ever' after 14.75% sales increase
Discount retailer Poundstretcher has reported its “best Christmas ever”, as sales increased 14.75% over the five weeks ended 30 December.
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NewsRetailers predict growth of 4.7% in 2015 as sector outstrips wider economy
Retailers expect to significantly outperform the wider UK economy as they predict an average sales growth of 4.7% this year.
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NewsTesco, Marks & Spencer and Sainsbury’s to post Christmas sales decline
Three of the traditional powerhouses of the retail sector are all expected to report a Christmas sales slump when they publish their results this week.
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NewsWalgreens shareholders approve £9.6bn Alliance Boots merger
Walgreens will complete the acquisition of Alliance Boots and subsequent merger tomorrow after receiving approval of its shareholders.
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NewsNext sales increase 2.9% as it allays fears about Christmas discounting
Next has reported a 2.9% sales increase during Christmas trading as it recovers from dramatically cutting profit expectations in October.
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NewsThorntons warns on profits amid grocery turmoil and warehouse woes
Chocolate specialist Thorntons has issued a profit warning after grocers cut orders and gremlins struck at its new warehouse.
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NewsDFS reports 53% surge in profits following 'record' 12 months
DFS has reported a 53% surge in profits for its first quarter, ending a “record” 12 months period for the furniture retailer.
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NewsTesco and auditor PwC to be investigated by Financial Reporting Council
The Financial Reporting Council (FRC) has launched an investigation into the role auditor PwC has played in the overstating of Tesco profits.
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NewsKingfisher sells controlling stake in B&Q China for £140m
Kingfisher has sold a controlling stake in its B&Q China business to Wumei Holdings for £140m as it seeks to focus on its European business.
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NewsConsumer confidence falls to its lowest level since March
Consumer confidence has fallen two points in December to its lowest level since March as uncertainty about next year rises.
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NewsChristmas spending grows 4.2% on last year following Black Friday boost
Consumer spending was up 4.2% on last year over the first part of the Golden Quarter, according to Barclaycard spending data.
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NewsBreakfast briefing: Retail news on Amazon, Ikea, consumer confidence and more
Retail news round-up on December 19, 2014: Amazon launches one hour delivery service; Ikea suspends sales in Russia; Christmas delivery delays impact etailers; Consumer confidence dips; Tesco Mobile launches personalised gif shop
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NewsMySale co-founder considers buying more shares in wake of profit warning
MySale chief executive Carl Jackson is interested in buying shares worth up to £3m in the troubled etailer.
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NewsBreakfast briefing: Retail news on Tesco, Ikea and Virgin Wines
Retail news round-up on December 18, 2014: Tesco’s accounting black hole may be bigger than feared, Ikea customer anger over delivery delays, Virgin Wines offers locker collection service