All City & finance articles – Page 370
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NewsDixons profits surge as it continues to benefit from Comet's demise
Dixons’ underlying pre-tax profit rocketed to £30.2m in its first half to October 31 from £14m excluding exceptionals last year.
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NewsBreakfast briefing: Retail news on Dixons, online sales, Burberry, BHS and Dunnes Stores
Retail news round-up on December 17, 2013: Dixons profits rocketed in its first half driven by UK arm, November online sales hit record high of £10.1bn and Burberry opens first stand-alone beauty store.
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NewsBreakfast briefing: Retail news on Barratts, John Lewis and footfall figures
Retail news round-up on December 16, 2013:Barratts thrown lifeline as Pavers makes £5m rescue offer, UK’s John Lewis reports 1.4% growth in weekly sales to £149.9m, High street footfall in UK falls 3.4% from September to November
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NewsMorrisons employee arrested in insider trading probe
A Morrisons employee has been arrested as part of an investigation into insider trading.
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NewsBreakfast briefing: Retail news on Morrisons, high streets and online shopping
Retail news round-up on December 13, 2013: Morrisons employee arrested in insider trading probe, High streets forum adds representatives from pubs, hairdressers and restaurants and Britons prefer shopping online, says Ofcom
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OpinionNick Bubb's Verdict: Sports Direct and SuperGroup - A tale of two IPOs
Now that Fat Face is the latest retailer to be thinking about an IPO, it’s timely to look back at how Sports Direct and SuperGroup have fared since going public.
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AnalysisIn the news: Co-operative Group's review chair Lord Myners profiled
From bust ups with Sir Philip Green to defending Sir Fred ‘the Shred’ Goodwin’s bonus, straight-talking Lord Paul Myners is not afraid of confrontation and is likely to unleash some fiery energy into the Co-operative’s reform as it new senior non-executive director.
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NewsBroker blasts Tesco’s ‘unfocused strategy
The biggest stir of the week was created by broker Bernstein, which blasted Tesco in a bearish broadside penned by analyst Bruno Monteyne, who previously worked for the giant grocer for a decade.
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NewsDFS sales and profits hit by warm weather in first quarter
Sofas specialist DFS has posted a fall in first-quarter earnings and sales as it battled difficult market conditions.
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AnalysisSuperGroup’s first half: What the analysts say
SuperGroup today reported underlying pre-tax profit rose 21.8% to £17.9m in its first half to October 27. The results were met positively by the City.
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NewsFormer M&S chairman Lord Myners to lead Co-op governance review
City veteran Lord Myners has been appointed to the Co-operative Group’s board as senior non-executive director and will chair the review following the scandal at the Co-operative bank.
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NewsMoss Bros 'encouraged' by 5.3% like-for-like rise
Formalwear retailer Moss Bros’ like-for-likes advanced 5.3% in the 19 weeks to December 7 as it remains on course to hit anticipated market growth.
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NewsSuperGroup makes 'progress on all fronts' as profits rise
SuperGroup said it was making “progress on all fronts” as underlying pre-tax profit advanced 21.8% to £17.9m in its first half to October 27.
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NewsSports Direct first-half profits soar as finance boss reveals retirement
Sports Direct underlying pre-tax profit jumped 16.9% to £146.2m in its half to October 27 as finance director Bob Mellor reveals he is to retire.
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NewsBreakfast briefing: Retail news on Sports Direct, SuperGroup, LIttlewoods, Asda and Tesco
Retail news round-up on December 12, 2013: Sports Direct profits soar in first half, SuperGroup makes ‘progress on all fronts’ as profits rise and Littlewoods faces legal wrangle in Ireland over jumper design infringement.
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NewsCarpetright 'committed' to the Netherlands despite ongoing sales slump
Floorings giant Carpetright has insisted it remains committed to the Netherlands despite the Dutch business falling into the red in the first half.
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AnalysisCarpetright's half-year update: What the analysts say
Carpetright revealed underlying profits fell by a third to £3m in its half-year to October 26. Retail Week takes a look at reactions from the analysts.
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NewsHouse of Fraser EBITDA edges up in third quarter
House of Fraser like-for-likes increased 0.8% in its third quarter to October 26 as adjusted EBITDA edged up £100,000 to £1.7m.
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NewsCarpetright records a fall in first-half sales and profits
Carpetright has posted a fall in first-half sales and profits as it battled “volatile” trading conditions and suffered losses in its European arm.
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NewsTesco acquires stake in Asian non-food etailer Lazada
Tesco has acquired a minority stake in Asian general merchandise etailer Lazada, which sells products including electronics and clothing.