All City & finance articles – Page 392
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NewsUnited Carpets' share suspension lifted after administration
United Carpets Group has relisted its shares after a controversial pre-pack administration in which the company acquired its assets back from the administrators.
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NewsPrimark rules out retail park expansion despite debut success
Primark finance boss John Bason has ruled out widespread expansion in retail parks despite the success of its Milton Keynes debut.
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NewsConvenience retailer Nisa secures £100m of funding from Barclays
Convenience store retailer Nisa has secured £100m of refinancing from Barclays as the grocer’s sales continue to surge.
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AnalysisThorntons boss Jonathan Hart on its turnaround, marketing and international
Thorntons chief executive Jonathan Hart updates Retail Week on the chocolatier’s turnaround progress after this morning reporting a 2.9% increase in first half sales.
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NewsThorntons first half profits increase as turnaround gains pace
Chocolatier Thorntons first half pre-tax profits before exceptionals jumped £2.2m to £5.3m as sales edged up 2.9% to £133.7m.
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NewsPrimark reports "outstanding" first half as like-for-likes soar 7%
Value fashion retailer Primark’s like-for-likes are expected to soar 7% in its first half to March 2 thanks to weak comparatives and “good trading” over Christmas.
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OpinionComment: Morrisons will bring more than just convenience to its stores
Morrisons has never been shy about making bold, strategic moves. When it acquired Kiddicare, it seemed like a slightly curious acquisition.
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AnalysisKingfisher fourth quarter: What the analysts say
Kingfisher group like-for-likes dipped 3.4% in its fourth quarter, with UK and Ireland like-for-likes dropping 5.8% and France down 2.4%. Retail Week takes a look at the analyst reaction
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NewsKingfisher UK and Ireland fourth quarter like-for-likes fall 5.8%
Kingfisher UK and Ireland like-for-likes dropped 5.8% over its fourth quarter as it was hit by poor weather and weak consumer confidence.
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NewsSports Direct certain of hitting £270m EBITDA target as sales soar
Sports Direct is certain of hitting its full year £270m EBITDA target as group sales soared 21.1% to £589.5m in its last quarter.
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NewsWickes like-for-likes fall 7.6% in 2013 despite profit surge last year
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a like-for-like slump in the first seven weeks of 2013 despite a surge in profits last year.
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OpinionComment: New Look can see the value of exploring new horizons
With most UK retailers talking about multichannel at every opportunity, you can bet that terms like ‘e-tail’ and ‘click-and-collect’ will continue to be popular buzzwords in 2013.
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OpinionComment: European retailers are having to pay the price online
While overall EU retail sales fell again this week according to Eurostat, cross-border EU online revenues remain strong - now attracting interest from tax authorities across Europe.
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NewsUK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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OpinionComment: Homewares retailer Dunelm reports a successful first half
Homewares specialist Dunelm has shown itself to be a dab hand at convincing consumers to spruce up their houses, despite tough times, by unveiling a first-half profit growth.
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NewsAlbemarle & Bond pre-tax profits plummet 33% in first half
Pawnbroker Albemarle & Bond’s pre-tax profits dropped 33% to £8.1m in its first half to December 31. However, retail sales jumped 16.7% to £10.5m, with profits up 32%.
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AnalysisHomewares retailer Dunelm’s first half results: What the analysts say
Dunelm today reported a 14.6% increase in pre-tax profits to £59.8m while like-for-likes rose 2.2% in its interim results. The City reacted positively to the figures.
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NewsHomewares retailer Dunelm pre-tax profits soar 14.6% in first half
Homewares specialist Dunelm pre-tax profit soared 14.6% to £59.8m in its half year to December 29 as its store expansion continued with 10 superstores opened over the period.
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OpinionComment: Should Waterstones take a leaf out of Amazon’s book?
After Waterstones revealed a £37.3m loss this week, the question on everyone’s most people’s lips is what can a company selling products so hugely impacted by the digital market do to ensure that they, not only survive, but thrive, in this new online world?
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NewsBurberry finance director Stacey Cartwright quits after nine years
Burberry finance director Stacey Cartwright is to leave the luxury fashion retailer after nine years and takes a £4m share pay out with her.