All City & finance articles – Page 359
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NewsTesco shares downgraded as grocery sector strife continues
Tesco has been downgraded to a ‘Sell’ by one of its longest-standing fans in the City as the grocery sector comes under pressure.
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News2,700 Pets at Home employees take shares in newly-listed retailer
Some 2,700 Pets at Home employees snapped up shares in the business, as it floated on the stock market this week.
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OpinionComment: The share price may have fallen but Asos has not lost its mojo
The City’s reaction to online fashion powerhouse Asos update on Tuesday was surprising given its overall growth
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NewsAsos boss expects Russia to become more difficult amid Eastern Europe troubles
Asos boss Nick Robertson said he expects Russia to become more difficult to trade in as the troubles in Eastern Europe continue.
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AnalysisSainsbury's fourth quarter sales fall: What the analysts say
Sainsbury’s has reported its first sales fall in nine years after like-for-likes excluding fuel tumbled 3.1% in the fourth quarter. We analyse the reaction from the City
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NewsAsos warns on margins as it ramps up investment in supply chain and IT
Fashion etail giant Asos has reported retail sales up 26% to £136.7m but has warned on margins as it increases investment.
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InterviewInterview: Asos chief Nick Robertson on winning Leader of the Year
Asos boss Nick Robertson took the Clarity Retail Leader of the Year gong at the Oracle Retail Week Awards. Gemma Goldfingle speaks to him about how he built his fashion empire.
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OpinionComment: The big four grocers continue the fight for survival
Last week, Morrisons announced a £176 million loss for the year to the end of February and issued its second profit warning in three months.
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NewsBoohoo.com makes its stock market debut
Boohoo.com has become the latest retailer to float on the stock exchange this morning dealing in ordinary shares.
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OpinionComment: The myths and reality of public versus private ownership
Shareholders can often be the thorn in the side of a visionary retail chief executive, but private ownership is not always the better option.
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NewsNick Bubb’s verdict: Morrisons - from dividends to discounters
Morrisons’ beleaguered management is focused on one D, the discounters, but shareholders are focused on another - the dividend.
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NewsRetail Week Live: Kiddicare founder speaks out on day Morrisons puts business up for sale
Kiddicare founder Scott Weavers-Wright speaks out on the day Morrisons puts the business up for sale.
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NewsHome Retail to exceed profit expectations as Argos and Homebase sales rise
Argos and Homebase like-for-like sales surged in the eight weeks to March 1 as it expects full-year profits to be ahead of expectations.
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NewsMorrisons reports huge losses as it unveils major restructuring
Morrisons has reported pre-tax losses of £176m as it reveals plans for a major restructuring of the business.
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NewsRetail Week Live: 'No easy answer on business rates', says Cable
Business Secretary Vince Cable admits there is ‘a sense of unfairness’ between online and physical retailers over business rates.
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OpinionComment: Politics over profits at the Co-op
The Co-op may not be listed but the row that erupted over executive pay and the subsequent resignation of chief executive Euan Sutherland will have resonated in the City.
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AnalysisRetail Week Live: Day one in pictures
Photos from day one at Retail Week Live, including Dr Vince Cable, Philip Clarke, Twitter’s Bruce Daisley, SuperGroup’s Susanne Given and The Store’s David Roth.
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NewsRetail Week Live: UK entering sustained phase of growth for successful IPOs
The UK is entering a sustained phase of growth for successful IPOs thanks to a new generation of disruptive retailers.
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NewsFrench Connection turnaround initiatives narrow full-year losses
French Connection has narrowed full-year operating losses to £4.4m from £7.2m the previous year as its turnaround initiatives gained traction.
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NewsPets at Home and Poundland set prices as they list on stock exchange
Pets at Home and Poundland have set the prices for their floats as they have now listed on the London stock exchange.