All City & finance articles – Page 394
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NewsReiss UK EBITDA dips 14.5% as it invests in infrastructure
Reiss UK EBITDA dipped 14.5% to £11.2m in its year to January 31 despite a 5.3% sales jump which helped revenue break through the £100m barrier.
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NewsWHSmith boss Kate Swann bags £3.3m
WHSmith chief executive Kate Swann could be in line to receive a further £2.6m as well as her £3.3m salary and share payouts.
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NewsCarpetright profits up despite sales fall
Carpetright has reported an increase in first-half profits despite a fall in sales, which were held back by a poor performance in mainland Europe.
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NewsAsos first-quarter sales up after price investment
Asos’ total retail sales rose 30% to £165.8m in the first quarter, as an investment in price in the UK and rapid international growth drove sales.
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NewsB&Q trials banking scheme for tradesmen
B&Q is trialing a Government-led scheme to become a bank for small tradesman.
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NewsMulberry sales gather pace despite profit fall
Mulberry has recorded a strong start to the second half of the year with like-for-likes up 11% despite a fall in first half profit.
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OpinionComment: Dixons’ celebrates first-half profit
Dixons has much to feel festive about. Last week, the Currys and PC World owner revealed its UK business had made a first-half profit for the first time in five years.
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OpinionComment: Retail predictions for 2013
It is said that there are two sorts of predictions: the lucky and the wrong. But I thought I should try my luck.
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NewsHouse of Fraser EBITDA up as like-for-likes "step up" before Christmas
Department store chain House of Fraser like-for-likes jumped 5.4% in its third quarter to October 27 as it notched up adjusted EBITDA of £3m against a £1.3m loss the previous year.
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NewsHMV sells Mama Group as it edges closer to disposal of HMV Live
Struggling entertainment retailer HMV has sold its live music business Mama Group for a net cash consideration of £7.3m.
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OpinionComment: Even a white-goods knight won’t be enough to save Comet now
I’m writing this on the day that a ‘white-goods knight’ is meeting with Comet’s administrators to thrash out a deal to acquire the bulk of the Comet business.
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Analysis
Kingfisher: What the analysts say
Profits jumped but like-for-like sales fell in the third quarter at B&Q owner Kingfisher. The performance drew mixed reaction from analysts.
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NewsKingfisher group profit drops 5.9% but UK earnings up
Kingfisher group retail profit plunged 5.9% to £257m in its third quarter to October 27, despite UK and Ireland profits advancing.
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NewsDixons falls to £22.2m first half loss as UK makes first profit in five years
Dixons’ UK business returned to the black in its first half for the first time in five years.
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OpinionComment: Mothercare boss Simon Calver is making progress
New Mothercare boss Simon Calver is making progress with his turnaround of the maternity specialist, last week’s interims showed.
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InterviewQ&A: Topps Tiles chief executive Matt Williams
Topps Tiles revealed a fall in profits despite a sales uplift in its full year, both of which were inline with expectations. Retail Week talks to Topps Tiles chief executive Matt Williams and chief financial officer Rob Parker about attracting a more affluent customer base and improving its online proposition.
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NewsProfits rise at Topps Tiles despite like-for-likes slip
Topps Tiles has shrugged off a difficult start to the financial year to return a £12.5m pre-tax profit after a rapid turnaround in like-for-like sales.
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OpinionComment: Corporation tax in the spotlight
I am penning this from the Barracuda fulfilment centre – sorry, distribution centre – located in Switzerland (purely for logistics reasons, nothing to do with a favourable tax rate).
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News
Jaeger unveils £8m loss as it eyes overseas growth
Jaeger has unveiled an underlying loss of £8m in its year to February 29 as it focuses on international growth.
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NewsProfits rise at Cath Kidston
Earnings at quintessentially British fashion and homewares specialist Cath Kidston surged last year, powered by higher sales at home and abroad.