All City & finance articles – Page 398
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NewsMinisters urged to investigate OpCapita over Comet collapse
Comet staff have urged Ministers to investigate the collapse of the electricals retailer and the role played by former owner OpCapita.
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NewsTed Baker retail sales soar 24.6%
Ted Baker retail sales rose 24.6% in the 13 weeks to November 10.
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OpinionComment: Matt Davies’ new direction for Halfords
Halfords posts interim results on Wednesday, the first set since Matt Davies was appointed chief executive.
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OpinionComment: The real tax villains aren’t overseas retailers
Immoral, manipulative, pathetic. These were only a handful of the insults and accusations thrown by British MPs at some of the largest and (until now) most-respected international businesses operating in this country.
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NewsCarphone Warehouse delivers like-for-likes up 5% in the UK
Carphone Warehouse has posted a 5% rise UK like-for-likes in the first half to September 30.
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AnalysisSainsbury's: What the analysts say
Sainsbury’s today reported a 5.4% increase in underlying profits for the first half. The City welcomed the results
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NewsWHSmith like-for-likes dip 4%
WHSmith like-for-likes dropped 4% in the first 10 weeks of its financial year.
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NewsCo-op launches savings trust to prevent Farepak-style losses
The Co-operative Group is to launch a Christmas trust to protect shoppers to prevent another Farepak-style collapse.
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OpinionComment: OpCapita has questions to answer over Comet's demise
Halloween was an unfortunate but fit setting for the grim tidings that Comet has fallen into administration.
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InterviewQ&A: Dalton Philips, Morrisons chief executive
As Morrisons report a 2.1% like-for-like sales fall in the third quarter, Alex Lawson asks Dalton Philips what the problems are, how he intends to turn the business around and if the company is on course for a profit warning.
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NewsMorrisons like-for-likes fall 2.1%
Morrisons has posted a 2.1% slump in like-for-like sales excluding fuel for its third quarter as it said consumer confidence remains fragile.
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NewsSuperGroup's retail like-for-likes up in second quarter
SuperGroup’s UK retail like-for-likes jumped 5.8% in the second quarter as the fashion retailer improved its operations infrastructure to deliver its ambitions.
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NewsProfits plummet at TJX UK
TJX UK, which operates discount retailer TK Maxx and homewares specialist Homesense, posted a pre-tax profit plunge of 62% to £35.4m in the year to January 28, despite a sales uplift.
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OpinionComment: Primark and Marks & Spencer square up
Marks & Spencer managed to please with Tuesday’s interims, but primarily because of relief that the results were not as bad as expected.
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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NewsBurberry adjusted profits up 6%
Burberry adjusted profits jumped 6% to £173m in the six months to September against a 8% sales advance to £883m.
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InterviewQ&A: Primark owner Associated British Foods finance director John Bason
As value fashion giant Primark sales and profits soar in its financial year ending September 15, Retail Week speaks to owner ABF’s finance director John Bason about the incredible performance.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer reported pre-tax profits fell 10% in the half year, with general merchandise lagging. City analysts share their views on the department store retailer’s performance.
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NewsMarks & Spencer profits fall 10%
Marks & Spencer posted a 10% slump in pre-tax profit to £290m in the 26 weeks ended September 29 as the first quarter trading was hit by unseasonably wet weather.
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AnalysisCredit insurance: What do retailers need to know?
Difficulty in getting credit insurance is understood to have played a key role in Comet’s decision to file a notice of intent to hire an administrator this week. Retail Week takes a look at the issues around credit insurance.