All City & finance articles – Page 379
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NewsBargain Booze owner hires former Musgrave finance director
Bargain Booze owner Conviviality Retail has appointed former Musgrave Retail Partners finance director Julie Wirth as its chief finance officer.
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AnalysisAnalysis: Payment and targeted marketing - how bank data is changing retail
Bank data is allowing for more targeted and convenient payment and marketing offers. Rebecca Thomson looks at how the partnership between finance and retail is changing.
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NewsTheo Fennell attracts £2.9m bid from Jon Moulton-backed investment group
Jewellery retailer Theo Fennell has received a recommended cash offer to acquire the brand from Mirfield 1964, an investment vehicle which plans to replace acting chief Theo Fennell with former Goldsmiths chairman and chief executive Jurek Piasecki.
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NewsCostcutter secures £35m refinancing to support growth
Symbol group Costcutter Supermarkets Group has today signed a £35m refinancing deal with Barclays.
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NewsConviviality Retail shares rocket on public debut
Bargain Booze owner Conviviality Retail enjoyed a strong debut on the AIM stock exchange yesterday as shares surged on its first day of trading.
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OpinionComment: M&S shows signs of improvement as its autumn collection launches
The first lines from Marks & Spencer’s much-anticipated autumn collection started to go into stores last week and the drop seemed to be accompanied by a feeling of genuine confidence and excitement at the retailer.
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OpinionNick Bubb’s Verdict: Next - 'spontaneous' shopping and retail disciplines
The heatwave in July certainly felt like spontaneous combustion at times, but Next thinks that consumers are becoming more “spontaneous”.
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AnalysisNext’s second quarter: What the analysts say
Next today reported its sales jumped 2.3% in its first half as it revised up full-year profit forecasts. The City reacted positively to the results.
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NewsNext increases profits by £10m after smaller Sale
Next sales jumped 2.3% in its first half as it revised up full-year profit forecasts after adding £10m to its earnings through more full-price sales and lower markdowns.
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NewsCredit Suisse discriminated against top retail analyst Tony Shiret
One of the City’s best known analysts, Tony Shiret, was unfairly dismissed and suffered age discrimination by employer Credit Suisse, a tribunal has ruled.
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OpinionComment: One-off events can’t guarantee retail success
There’s no doubt that ‘feel good’ events, like the birth of the Royal Baby, can have a positive impact on the retail sector.
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OpinionNick Bubb's verdict: B&Q can't always rely on the weather
B&Q has at last had the right weather recently to shift its seasonal ranges, but who is best placed to benefit from a pick-up in the UK housing market?
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NewsWickes first-half sales hit by weather but profits jump 7.3%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a fall in first-half like-for-likes owing to poor spring weather, but profits jumped 7.3% to £29.5m.
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NewsKingfisher sales rebound as warm weather drives demand
Kingfisher group like-for-like sales jumped 2.5% in its second quarter to July 13 as the heatwave drove sales of hosepipes and fans.
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NewsFindel sales increase 3.9% in first quarter
Findel sales edged up 3.9% in the first quarter driven by a revenue jump at mail order business Express Gifts in the 16 weeks to July 23.
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NewsCarphone Warehouse first quarter like-for-likes rise 10.6%
Carphone Warehouse has recorded a 10.6% rise in first quarter like-for-like sales as shoppers shifted to buying high-end smartphones.
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NewsCarpetright boss insists Q1 sales fall was a "blip" driven by heat wave
Carpetright chief executive Darren Shapland has insisted that the flooring giant’s fall in first-quarter sales was a “blip” due to the heat wave.
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AnalysisCarpetright's first quarter: What the analysts say
Carpetright today reported a decline in first quarter like-for-like sales as the warm weather hit its performance in the UK. Retail Week rounds up the City’s reaction.
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OpinionComment: Tesco's latest food launch shows strategic progress is being made
Tesco boss Philip Clarke’s recovery strategy will stand or fall as much by skill of execution as intellectual coherence.
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NewsCarpetright sales decline as the warm weather deters shoppers
Flooring specialist Carpetright’s UK like-for-likes fell 1.9% in the first quarter as the warm weather kept shoppers away from stores.