All City & finance articles – Page 332
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News
Sainsbury's reports Q2 like-for-likes down 2.8% and warns on second half
Sainsbury’s has reported like-for-like sales excluding petrol down 2.8% for its second quarter, as boss Mike Coupe warns the second half is likely to be as tough.
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Opinion
Comment: Next’s buying changes probably insulated it from September’s heat
The North wind won’t blow. And never mind snow, there’s barely a sign of autumnal crispness in the air. It’s tough for fashion retailers.
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News
Tesco lines up £2.5bn war chest to protect it from ratings downgrades
Tesco has secured a £2.5bn revolving credit facility to protect it against the impact of possible ratings downgrades, following last week’s profits crisis.
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News
Ao.com to launch first overseas website in Germany tomorrow
Electrical appliances etailer Ao.com is poised to launch overseas for the first time with its German website tomorrow (October 1).
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News
Next warns unseasonably warm weather could hit full-year profit
Unseasonably warm weather in September has hit Next’s sales in its third quarter and the retailer said if it continues it will impact full-year profits.
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News
Made.com's sales surge 68% as international roll-out gathers pace
Made.com’s sales surged in its last financial year on the back of rapid web traffic growth and international launches in France and Italy.
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Analysis
Timeline: How Marks & Spencer has innovated over the past century
M&S has gathered together some of its best ideas of the last 130 years as it prepares to launch a course on commercial innovation with Leeds University.
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News
HMV reports profits of £17m in 11 months after administration
HMV is set to report operating profits of nearly £17m during the 11 months after it fell into administration last year.
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News
Aldi says price war has played into its hands as sales and profits surge
Aldi has revealed surging full-year sales and profits and claims that the grocery price war has played into its hands.
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News
Tesco boss Lewis: 'Culture, processes and proposition must change'
Tesco boss Dave Lewis has told staff that its culture, processes and brand proposition must change but progress is being made despite this week’s accounting storm.
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Cartoon
Blower’s retail cartoon: Tesco’s £250m profit overstatement
Retail Week’s cartoonist Patrick Blower’s take on struggling retailer Tesco’s latest blow with their £250m profit forecast overstatement.
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News
Tesco former finance director McIlwee to get £1m payoff next week
Tesco’s former finance director Laurie McIlwee is to receive a £1m payoff next week despite an investigation into the £250m black hole in its profits.
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News
Breakfast briefing: Retail news on Sainsbury's, House of Fraser, Tesco and Phones 4u
Retail news round-up on September 26, 2014: Sainsbury’s cuts prices, House of Fraser launches click-and-collect service at Caffè Nero and small investors buy Tesco shares,
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News
Tesco executives could be hauled before MPs over profit error
Tesco executives could be questioned by MPs about its overstated profit forecast, chairman of the Parliamentary Business Committee Adrian Bailey said.
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Opinion
Nick Bubb’s verdict: Tesco - it’s the hypermarkets, stupid
It is often said that “it’s the economy, stupid”, but the root of Tesco’s current predicament is its over-exposure to hypermarkets.
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Opinion
Comment: Dave Lewis’s baptism of fire as Tesco boss
Tesco’s chief executive Dave Lewis has to take decisive action to define his strategy following the revelation of the retailer’s overestimated profits.
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News
Tesco turmoil may hit Christmas trading, City analysts fear
Tesco’s difficulties following Monday’s revelation of a £250m profit forecast overstatement may hit Christmas trading, City analysts fear.
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News
Sports Direct takes £43m put option on Tesco as leading investor cuts stake
Billionaire retail tycoon Mike Ashley’s Sports Direct has agreed a put option covering 23 million shares in troubled grocer Tesco.
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News
Breakfast briefing: Retail news on Tesco, Zara and Dixons Carphone
Retail news round-up on September 25, 2014: Leading Tesco investor sells shares; Zara’s UK profits fall; Dixons Carphone appoints marketing communications director
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Analysis
Emerging retailers: Box Upon A Time, childrenswear personal shopper service
Shoppers have become used to weekly deliveries of boxed organic veg. Might they now be ready for monthly deliveries of specially chosen kids’ clothing?