All City & finance articles – Page 371
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Opinion
Comment: Retail’s top line should rise this Christmas
Recent major headlines in retail occurred on the same day, when Marks & Spencer and Primark both revealed their latest trading results, giving an up-to-date picture of the current state of play in the marketplace.
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News
Bonmarché to float next week as retail IPOs gather pace
Bonmarché is poised to list on the AIM stock exchange next week as a flurry of retailers seek to take advantage of the City’s growing appetite for offerings from the sector.
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News
Sainsbury's half-year profits up 7% with own brand driving growth
Sainsbury’s has reported underlying pre-tax profit up 7% to £400m for the 28 weeks to September 28, and total sales up 4.4% to £13.9bn.
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News
Pets at Home hires investment bankers as it plots float
Pets at Home is the latest retailer gearing up to float on the stock market after it hired investment banks to lead a £1.5bn listing.
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News
Direct Wines sells etail business Virgin Wines
Virgin Wines, the online wine retailer, has been bought out by its management team in a £14m deal backed by Mobeus Equity Partners and Connection Capital.
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News
New Look boss rules out IPO as he plots international expansion
New Look boss Anders Kristiansen has ruled out launching an IPO in the next year as the retailer plots international expansion.
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News
Former Comet owner Henry Jackson on the hunt for retail investments
Controversial former Comet owner Henry Jackson is in talks to fund a number of new retail investments.
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Opinion
Comment: Big Brother really is watching at Morrisons
Morrisons has recently teamed up with Telefónica Dynamic Insights, the data arm of the O2 mobile network, to target consumers who shop at other grocers.
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News
SuperGroup can be as big in Germany as UK, says Dunkerton
SuperGroup boss Julian Dunkerton believes its trendy fashion store Superdry could be as big in Germany as it is in the UK as it plots expansion in all the country’s major cities.
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News
Breakfast briefing: Retail news on Tesco, Asda and Carphone Warehouse
Retail news round-up November 8, 2013: Tesco launches TV ad campaign, Three UK and Carphone Warehouse end partnership, Asda to open Barclays concessions and Heatons hits expansion trail.
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Analysis
International analysis: Focus on equity returns is costing Sears sales growth
Sears, the US department and variety store group, continues to break off parts of its business to generate equity returns and help reverse underperformance.
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Analysis
Analysis: Government's business rates delay sparks retail anger
A delay to the Government’s next rates revaluation has angered retailers and property professionals alike, with many believing it will lead to more pain on the high street.
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News
Morrisons' boss Dalton Philips pledges to return grocer to growth
Morrisons chief executive Dalton Philips has vowed to return the grocer to like-for-like growth next quarter despite a slump in third quarter sales.
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Opinion
Comment: Online entry won’t halt Morrisons decline
Morrisons is hoping to be showered with the riches of online and convenience, but in reality the belated entry into both has inflicted serious damage on the grocer. 2014/15 is set to be a painful year of slowly clawing back shoppers, rather than the breakthrough the grocer so badly needs.
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Opinion
Comment: Will Jim McCarthy stay at Poundland after an IPO?
Corporate action is on the cards at single-price retailer Poundland. An IPO is widely expected by City observers.
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News
SuperGroup like-for-likes jump as it takes control of German stores
SuperGroup’s retail like-for-likes jumped 7.8% in its second quarter to October 27 as the trendy fashion retailer took control of its German franchise operation.
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News
Halfords' first-half profits jump as turnaround gains pace
Pre-tax profit jumped 6.4% to £44.6m at bikes and car parts retailer Halfords in its first half to September 27.
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News
Morrisons like-for-likes dip as it plots convenience and online push
Morrisons like-for-likes dipped 2.4%, excluding fuel, in its third quarter as it continues its push into convenience.
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News
Breakfast briefing: Retail news on Morrisons, Halfords, SuperGroup, Next and more
Retail news round-up November 7, 2013: Morrisons like-for-likes dip 2.4% in its third quarter, Halfords pre-tax profits rise in first half and SuperGroup like-for-likes jump as it takes control of German stores.
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News
Marks & Spencer's Leading Ladies campaign brings fashion boost
Marks & Spencer boss Marc Bolland has insisted there are signs of improving performance in the crucial womenswear category as lines featured in its Leading Ladies campaign sold well.