All City & finance articles – Page 378
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NewsBusiness rates income to exceed council tax for first time in 10 years
Business rates income in Great Britain is forecast to exceed council tax for the first time in 10 years in 2015.
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NewsThe Co-op invests in price to win shopper spend
The Co-op has vowed to use a “value for money sword” to spear the competition as it aims to “remove price as a barrier” to shoppers visiting its stores.
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NewsThe Co-op records fall in first-half sales and profits
The Co-op has reported a fall in first-half sales and profits as poor weather, a difficult economy and fierce competition hit performance.
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OpinionComment: Can Dixons keep its spark?
Electricals group Dixons, owner of Currys and PC World, reports on first-quarter trading next Thursday following a strong performance last year.
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NewsEtailer Boohoo.com eyes float as it aims to emulate Asos
Online clothing retailer Boohoo.com is eyeing floating on the London Stock Exchange as it looks to emulate larger rival Asos.
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NewsSports Direct set for promotion to FTSE 100
Sports Direct is set to move up to the FTSE 100 next month after its shares surged more than 70% since the start of the year.
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NewsLK Bennett owners consider sale after Kate Middleton effect drives custom
Fashion and footwear retailer LK Bennett’s owners are considering a sale of the business, which would value the business at more than £100m.
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NewsCarphone Warehouse agrees £650m funding deal with Barclays
The Carphone Warehouse has agreed a £650m funding deal with Barclays as part of its acquisition of Best Buy’s stake in the retailers’ former joint venture.
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OpinionComment: Amazon - Sales are vanity, profit is sanity and cash is reality
I’m often reminded of the saying “sales are vanity, profit is sanity and cash is reality” when reading reports on retailers’ financial performance.
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NewsWHSmith full-year profits "in line with expectations" as travel fascias thrive
WHSmith’s full-year profits will be in line with market expectations as its travel business continues to thrive.
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NewsHMV creditors including pension fund to lose £250m
HMV’s pension fund is among a number of creditors poised to lose more than £250m, according to an update on the administration from Deloitte.
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OpinionComment: House of Fraser's IPO prospects
House of Fraser chiefs are considering whether there would be an appetite for an IPO of the department store business, almost a decade after it was taken private.
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NewsHouse of Fraser eyes return to the stock market
House of Fraser is mulling a return to the stock market after almost seven years of private ownership.
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OpinionComment: New Look enjoys a new lease of life
New Look was in the headlines this week after revealing plans to introduce concessions such as nail bars into its stores in order to increase shoppers’ dwell time.
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OpinionComment: At home and abroad, the Tesco empire strikes back
All eyes were on Watford last week as Tesco unveiled the first incarnation of a new model for its big-box Extra format.
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NewsAdministrator reports Nicole Farhi’s debts were almost £20m at collapse
Premium fashion brand Nicole Farhi collapsed last month with debts of almost £20m, according to the administrator’s report.
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NewsPawnbroker H&T poised to shut Gold Bar fascia as profits fall
Pawnbroker H&T is poised to close its Gold Bar fascia after the price of gold fell while competition heated up.
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NewsBreakfast briefing: Retail news on Nicole Farhi and eBay
Retail news round-up August 13, 2013: Nicole Farhi’s debts were £20m at collapse according to administrator’s report and eBay UK teams up with Dressipi.
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OpinionComment: Chris Bryant's criticism of Next and Tesco missed the real retail jobs story
British retailers employ 3 million people in the UK, but you’d think from Labour immigration spokesman Chris Bryant MP’s comments that they all come from Gdansk or Warsaw rather than Dagenham or Wakefield.
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OpinionComment: Flexible contracts may be more ‘hero than zero’
A lot has been written this week about zero-hour contracts, whereby employees need to be available for work, but are not guaranteed any set number of hours.