All City & finance articles – Page 353
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AnalysisAnalysis: Tesco's UK turnaround – an update on its progress
Tesco revealed its profits plunged in its full year results this morning. Retail Week looks into how chief executive Philip Clarke’s UK turnaround has progressed two years in.
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AnalysisTesco full year results: What the analysts say
Tesco has reported a 6% drop in annual group trading profit as boss Philip Clarke warned that the trading environment is changing rapidly. Retail-week.com summarises the analyst reaction.
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NewsTesco boss Philip Clarke: 'I’m going to see this thing through'
Tesco chief executive Philip Clarke said he is determined to see through the turnaround of Tesco and vowed the grocer will emerge as a leader once again.
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NewsBurberry like-for-likes up 12% but warns exchange rates will hit profits
Burberry retail like-for-likes jumped 12% in its second half but the retailer sounded caution over the impact of exchange rates on profits.
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NewsBreakfast briefing: Retail news on Tesco and Burberry
Retail news round-up on April 16, 2014: Tesco profits fall as trading environment ‘changes more rapidly than ever before’ and Burberry second half sales rise.
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NewsVideo: Tesco chief executive Philip Clarke on the grocer's full-year profits fall
Tesco reported a fall in full-year profits today. Here, chief executive Philip Clarke talks about the results.
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NewsTesco profits fall as trading environment changes 'more rapidly than ever'
Tesco’s group trading profit plunged 6% to £3.3bn last year and boss Philip Clarke warned that the trading environment is changing rapidly.
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OpinionComment: The UK needs to engage with significant parts of the EU agenda
With the European Parliamentary elections looming, it is important to realise the value of Britain’s involvement in EU policy decisions.
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AnalysisDebenhams half-year figures: What the analysts say
A flurry of promotions hit Debenhams’ half year results, with the department store group reporting a 24.5% fall in pre tax profit. Retail Week rounds up what the analysts are saying.
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OpinionComment: Action not words is needed to save the Co-operative
The civil war at the Co-op is a tragedy, many believe. Perhaps a better word would be disgrace.
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NewsDebenhams revises promotional strategy as profits tumble
Debenhams is revising its promotional strategy as first-half profits plunged owing to excessive discounting and weakness in its multichannel offer.
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NewsJD Sports full-year profits soar 27.3% driven by growth in core fascias
JD Sports full-year profit before tax and exceptional items surged 27.3% to £77m powered by growth at the retailer’s core JD fascia.
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AnalysisAnalysis: Who is House of Fraser's new owner Sanpower?
Chinese Sanpower has acquired an 89% stake in House of Fraser, valuing it at £480m. Retail-Week.com takes a look at the story behind Sanpower.
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OpinionComment: Marks & Spencer should continue to show transparency in its updates
Under-pressure Marks & Spencer chief executive Marc Bolland offered a glimmer of hope in last week’s trading update. In what was a break from tradition, the retailer split out its clothing sales from the wider general merchandise performance.
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NewsFrench Connection like-for-likes up 11% as turnaround gains traction
French Connection UK and Europe like-for-like sales jumped 11% in the fashion retailer’s first half.
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NewsTesco investors line up potential successors to boss Philip Clarke
Tesco investors have lined up potential successors to boss Philip Clarke, naming Monsoon Accessorize boss John Browett as one possibility.
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OpinionComment: The Co-operative Group needs to tame its unwieldy nature
Last week the Co-operative Group came under the spotlight again as Lord Myners, the man brought in to reform the businesses, resigned.
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NewsBonmarché sales driven by product and customer service improvements
Bonmarché recorded a strong sales uplift, despite the wet weather at the beginning of the year, as a result of improvements across product and customer service.
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NewsNext chief executive Lord Wolfson takes home £4.65m
Next chief executive Lord Wolfson took home £4.65m including a £3.6m bonus in the fashion retailer’s last financial year.
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NewsKurt Geiger eyes UK growth as it completes management buyout
Kurt Geiger is targeting UK growth after completing a management buyout and splitting from its owner The Jones Group.