All City & finance articles – Page 408
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AnalysisOcado: What the retail analysts say
Ocado reported a 12% uplift in sales for the first half today and forecast difficulties in the third qaurter due to disruption caused by the Jubilee celebration and the Olympics. The results were met with concern by commentators.
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AnalysisCarpetright: What the analysts say
As Carpetright’s profits plunged from £17.8m to £2.8m last year, analysts find positives with the recent appointment of new chief executive Darren Shapland, formerly finance director at both Sainsburys and Carpetright.
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InterviewQ&A: Carpetright's new boss Darren Shapland
Darren Shapland, former Sainsbury’s and Carpetright finance director, six weeks ago became the first chief executive to run Carpetright since founder Lord Harris stepped back from the day-to-day running of the business.
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NewsOcado posts 12% sales growth
Ocado has posted EBITDA up 4.5% to £14.9m in the first half while statutory pre-tax profit was flat at £181,000.
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AnalysisAnalysis: What will Richard Pennycook’s departure mean for Morrisons?
The news that highly-respected finance director Richard Pennycook is to leave Morrisons next year has come as a shock to the market and likely to be unpopular with the City who have long trusted Pennycook’s plan for the grocer.
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AnalysisThe Hut: Company profile
As the online group’s performance continues to soar, Retail Week takes a look at The Hut’s business model.
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NewsJudge blasts HBOS for Farepak collapse
A High Court judge has lambasted bank HBOS for its role in the collapse of Christmas hampers group Farepak in 2006.
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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OpinionBoots’ Walgreens deal creates a retail giant
In selling a 45% stake in Alliance Boots to the US pharmacy giant Walgreens, owner Stefano Pessina has struck perhaps the most significant deal for a UK retailer since the Walmart acquisition of Asda and realised his own dreams of transforming the Boots brand.
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NewsWalgreens' share price falls on concern about Alliance Boots deal
Shares in Walgreens have fallen 10% since the merger with Alliance Boots was revealed on Tuesday.
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NewsMothercare's Alan Parker to become Kesa chairman
Mothercare non-executive chairman Alan Parker is to take on the chairmanship at French electricals giant Kesa.
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NewsDFS market share grows despite sales slump
DFS has reported an “improving trend” in its performance and a growth in market share despite a slump in sales against last year.
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OpinionBoost for Argos as it stems decline
So used has the City become to dismal trading at Home Retail’s flagship Argos business that any sign of respite prompts jubilation.
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NewsPessina: Walgreens deal will not mean job cuts at Alliance Boots
Alliance Boots executive chairman Stefano Pessina has insisted there will not be job cuts as a result of the merger with US pharmaceuticals giant Walgreens.
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AnalysisHome Retail Group: What the analysts say
Home Retail Group, owner of Argos and Homebase, has delivered a better-than-expected performance, as total sales at catalogue retailer Argos edged up 0.2% to £819m, while Homebase was hit by the wet weather. Despite the surprising numbers, analysts remain cautious.
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AnalysisMajestic Wine: What the analysts say
Majestic Wine reported a 14.5% uplift in pre-tax profit today while increasing its target for store numbers by 100 to 330 stores. The City reacted favourably.
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NewsMajestic Wine profits rocket 14.5%
Pre-tax profit at Majestic Wine rose 14.5% to £23.2m in the 53 weeks to April 2.
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NewsUnited Carpets begins store closure review
United Carpets is conducting a store closure review in the face of “extremely challenging” market conditions.