All City & finance articles – Page 384
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NewsCard Factory considers IPO as owner hires Goldman Sachs
Budget greetings cards retailer Card Factory is planning a £700m stock market flotation.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.
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NewsKingfisher boss Cheshire insists Brits' love affair with DIY not over
Kingfisher chief executive Ian Cheshire has insisted Brits have not fallen out of love with DIY after reporting a first quarter 4.2% like-for-like decline across the group.
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OpinionNick Bubb’s Verdict: Kingfisher blames the weather, again?
To paraphrase Oscar Wilde: “To lose one quarter, Mr Cheshire, may be regarded as a misfortune. To lose two quarters looks like carelessness.”
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NewsKingfisher posts first-quarter profit fall as poor weather hits footfall
B&Q owner Kingfisher has recorded a 4.2% slump in first-quarter group like-for-likes and a decline in profits as poor weather hit footfall.
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OpinionComment: Mothercare’s turnaround is making steady progress
Mothercare’s full-year update last week marked one year into chief executive Simon Calver’s three-year Transformation and Growth turnaround plan.
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InterviewQ&A: 'We've upped our game on product development to drive top line growth', says Topps Tiles boss
Topps Tiles revealed a first half 16% profit fall this morning despite a sales uplift. Retail Week speaks to chief executive Matt Williams and chief financial officer Rob Parker.
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NewsTopps Tiles cautious on outlook as profits tumble 16%
Topps Tiles’ adjusted pre-tax profit tumbled 16% to £4.7m in the 26 weeks to March 31 and the retailer remains cautious on the outlook.
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OpinionComment: WH Smith continues to confound the critics
WH Smith has just received the unfortunate ‘honour’ of receiving the lowest customer service rating in a UK league table of customer satisfaction.
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InterviewQ&A: 'We need to communicate our changes to customers', says Mothercare boss
As Mothercare boss Simon Calver unveils the retailer’s full-year results, he tells Retail Week how his UK turnaround plan is progressing and where the big opportunities lie.
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NewsSignet reports sales fall at H Samuel as it closes stores
Sales at jeweller H Samuel fell 10.5% in the first quarter to $71.7m after the retailer slimmed down its store estate.
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AnalysisHalfords full-year results: What the analysts say
Halfords chief executive Matt Davies today unveiled his plan to grow the retailer’s sales to £1bn by 2016 following a slump in full-year profits. Retail Week summarises the City’s reaction.
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NewsHalfords unveils £100m investment plan after profits slump
Cycle and car parts specialist Halfords has posted a 24.5% slump in pre-tax profits to £71m as chief executive Matt Davies unveils his £100m investment plan.
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NewsMothercare full-year like-for-likes fall 3.6% as UK losses narrow
Mothercare has reported narrowing losses in its UK business despite a 3.6% fall in full-year like-for-like sales in its domestic market.
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OpinionComment: M&S’s fortunes will not be restored quickly
Marks & Spencer’s results were, like some of its clothing collections, a bit of a mixed bag.
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NewsBolland: 'Online has replaced Marble Arch as our flagship store'
Marks & Spencer’s famous Marble Arch branch has passed the baton as flagship store to the retailer’s online shop, chief executive Marc Bolland said.
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NewsBurberry posts a 14% rise in profits as Chinese sales surge
Luxury fashion retailer Burberry has reported a 14% rise in adjusted full-year pre-tax profits to £428m after a strong performance in Asia.
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NewsMarks & Spencer profits fall despite 1.3% increase in sales
Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.
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OpinionComment: Boots must remember its loyal customers
The owner of Boots has just announced a trading profit of £1.27bn in the year to March 31 – marking its second straight year of double-digit growth.
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AnalysisThe Morrisons-Ocado deal: What it means for both retailers
Morrisons has inked a deal with Ocado that will enable it to launch an online grocery business this year. Retail Week takes a look at the impact of the deal on both businesses and the details of the agreement.