All City & finance articles – Page 362
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NewsKPMG resigns as Poundworld auditor after highlighting "misleading" stocktaking
Poundworld’s auditor KPMG resigned in December after it qualified the retailer’s annual accounts, it has emerged.
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NewsSuperdrug owner mulls UK headquarter move to aid London IPO
Superdrug owner Hong Kong-based AS Watson is mulling moving its headquarters to the UK to aid a possible London Stock Exchange listing.
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NewsSuperGroup “on track for the full year” as like-for-likes edge up
Fashion retailer SuperGroup said it was “on track for the full year” as like-for-likes edged up 1.3% in its third quarter.
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NewsBreakfast briefing: Retail news on SuperGroup, Superdrug, Argos, eBay, House of Fraser and more
Retail news round-up on February 6, 2014: SuperGroup “on track for the full year” as like-for-likes edge up, Superdrug owner AS Watson considers relocation of corporate headquarters to UK and more.
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OpinionComment: Mixed messages for retail economy in 2014
There have rarely been so many mixed messages about what really is going on with the economy and what 2014 will look like. It seems we are enjoying rapid economic recovery.
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NewsFrench Connection shaves £1m off expected full-year pre-tax losses
French Connection has revealed it expects to deliver better annual results than originally forecast, shaving £1m off its pre-tax losses.
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AnalysisInternational analysis: Walmart lowers its sights after weak fourth quarter
Global colossus Walmart has unexpectedly lowered profit expectations for its final quarter.
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OpinionNick Bubb's verdict: Ocado begins with 'O' but will it end with £1.8bn?
One wag famously once said Ocado begins with an ‘O’ and ends with a zero, but it seems to be very much alive and kicking.
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AnalysisOcado’s full-year results: What the analysts say
Ocado today reported full-year gross sales rose 17.2% to £843m last year, when pre-tax losses widened to £12.5m and that co-founder Jason Gissing is to retire. Retail Week rounds up analysts’ reaction.
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NewsSports Direct's Irish partner eyes sports chain Elverys
Sports Direct’s Irish partner, Heatons, is in talks to acquire Elverys, the oldest sports chain in the Republic of Ireland.
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NewsGame backer revealed as activist investor Elliott
Activist investor Elliott Advisors has built a 99% stake in Game and is on course for a windfall if plans for a £300m float are successful.
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NewsOcado co-founder Gissing retires as full-year losses widen
Ocado co-founder Jason Gissing is to retire from the retailer it was revealed as the online grocer reported widening pre-tax losses.
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NewsBreakfast briefing: Retail news on Ocado, Game, Amazon, Sports Direct, Morrisons and more
Retail news round-up on February 4, 2014: Ocado co-founder Gissing retires and pre-tax losses widen, Activist investor Elliott revealed as Game backer, Amazon UK sales growth suffers slowdown and more.
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OpinionComment: Why Carphone Warehouse's Samsung deal makes sense
Samsung has revealed plans to open 60 stores in Europe in partnership with Carphone Warehouse – a strategy that will give Samsung a European presence that took Apple nearly a decade to build, but in just three months.
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AnalysisAnalysis: Which retailers are best positioned to float?
As a raft of retailers get ship-shape and ready to float, Retail Week takes a look at the runners and riders in the race to go public.
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NewsDFS and B&M Bargains step up plans to float this year
DFS and B&M Bargains have stepped up their plans to float this year by hiring advisors as a cluster of retailers eye a public listing.
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NewsIPOs could be derailed by unrealistic valuations
Punchy prices being demanded by some retail IPO candidates could put off investors and derail floats, observers fear.
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NewsSports Direct in talks with Debenhams over sportswear stock
Sports Direct put forward plans to bring a sportswear offer to Debenhams stores last week in what is understood to be the first of a series of meetings between the two retailers.
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AnalysisData: Sainsbury's growth under Justin King
In his 10 years in charge of Sainsbury’s Justin King, who this morning signalled his plans to stand down in July, has added more than £500m to the grocer’s underlying profit.
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NewsMulberry issues profit warning after tough Christmas trading
Mulberry has issued a profit warning because of a weak UK market over the Christmas period and cancelled wholesale orders in Korea.