All City & finance articles – Page 348
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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.
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NewsScS stock market return opens door to retail IPOs
Shares in sofa and carpet retailer ScS rose 8.6% to 190p on its first day back on the London Stock Exchange, signalling appetite is ripe for retail IPOs.
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NewsTesco: Details of store closures revealed as 2,000 jobs face axe
Tesco has revealed the locations of the 43 stores, nearly half of which are Express branches, that will close in an attempt to cut costs.
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NewsApple smashes record for biggest quarterly profit in history
Apple has reported the biggest ever quarterly profit by a public company after strong sales of its new iPhone 6 smartphone.
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NewsIkea profits flatline as it pours extra investment into staff bonuses
Ikea’s profits remained static at €3.3bn (£2.5bn) during the 2014 financial year as it increased the bonuses it handed out to workers by €98m (£73m).
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NewsConsumer spending at its highest level for three years, Deloitte says
Consumer spending on non-essential items has reached its highest level for three years thanks to falling fuel and food prices.
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AnalysisCarpetright's third quarter: What the analysts say
Carpetright reported a solid set of results this morning, with like-for-like sales up 7.5% in the UK. Here is analysts had to say.
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OpinionComment: A Halfords-style servicing can make Tesco fully roadworthy
As Matt Davies prepares to move to Tesco, Halfords’ update brought clues about how he may put the wheels back on the grocer.