All City & finance articles – Page 395
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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.
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OpinionComment: Are retail turnarounds still possible?
Reviving a retailer in tough economic times and in the public eye is a tall order.
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AnalysisAnalysis: The international retailer tax debate
After Amazon’s cagey performance in front of a Parliamentary committee, other high-profile retailers waded into the tax debate.
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OpinionComment: M&A activity may provide a lifeline for retailers - but who’s got any rope?
Rumours have already begun to swirl about which retailers are hoping to sell up in 2013.
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NewsMothercare sales trend improves as it cuts UK losses in first half
Mothercare UK like-for-likes dipped 3.4%, but showed an improved sales trend, in the 28 weeks to October 13 as the retailer cut its underlying UK loss to £17m.
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OpinionComment: Alistair McGeorge safely steers New Look
The canny Alistair McGeorge looks to be making some progress in turning around fashion group New Look.
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NewsArcadia pays more corporation tax under Green's ownership
Arcadia has paid £591m in corporation tax in the last 10 years, owner Sir Philip Green said as he unveiled a rise in profits.
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NewsTopshop Oxford Street sales to hit £165m this year
Sales at Topshop’s flagship Oxford Street store are expected to hit £165m this year, its 10th under the ownership of Sir Philip Green.
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NewsHalfords ramps up offer as profits fall 23.4%
Car parts and cycle specialist Halfords is ramping up its product offer and multichannel initiatives, as profits plunged 23.4% to £41.9m for the 26 weeks to September 28.
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NewsJD Sports like-for-likes rise 1.5%
JD Sports has reported an increase in like-for-like sales despite a significant drop-off in trade at its fashion division.
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NewsNew Look eyes refinancing as new boss appointment looms
New Look is plotting a further refinancing and aims to appoint a new chief executive before the end of 2012.
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NewsCountrywide secures £26m of funding
Rural products retailer Countrywide has secured £26m to support organic growth, a store refit programme and potential acquisitions.
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NewsAlliance Boots to extend loan facilities
Retail and pharmaceuticals giant Alliance Boots is preparing to extend the maturity dates on existing loan facilities to facilitate its likely full merger with US drugstore powerhouse Walgreens.
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AnalysisMajestic Wine: What the analysts say
Despite a small dip in like-for-likes, wine retailer Majestic delivers a 3.9% jump in pre-tax profit in its half year to October 1. Retail Week finds out how the analysts have reacted.
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AnalysisAnalysis: Will Ocado's "lifeline" help fund growth?
As Ocado secures extra capital and time to progress its growth strategy, Retail Week asks what the deal means for the etailer’s much questioned future.
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NewsFlying Brands leases its last asset
Flying Brands has agreed a lease on its Retreat Farm property in Jersey, which is its last significant asset.
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NewsOcado to raise £36m and extend debt facilities
Ocado is to raise £35.8m in a placing to fund expansion and extend its debt facilities after speculation mounted it was likely to breach its banking covenants.
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NewsMajestic profit up 3.9% in first half despite wet weather
Wine retailer Majestic delivered a 3.9% jump in pretax profit to £9.2m for the 26 weeks to October 1 despite the tough economic conditions and wet summer weather.
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InterviewQ&A: Ted Baker chief executive Ray Kelvin on hurricanes and UK demand
Today Ted Baker revealed the UK had generated particularly good sales in its third quarter, driving its 24.6% uplift in retail sales, while the US business was impacted by Hurricane Sandy. Chief executive Ray Kelvin outlines how the business continues to deliver.
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OpinionComment: Imagine if John Lewis found a way to wriggle out of paying tax
John Lewis came out swinging this week, claiming that the Government must address the “Amazon tax issue” or risk driving UK-based retailers out of business.