All City & finance articles – Page 410
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News
Marks & Spencer to create 500 jobs as it launches bank
Marks & Spencer is to create 500 jobs by the end of next year as it opens 50 banks in its stores within two years.
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Opinion
Comment: Why M&S is moving into banking
Do you like your bank? Perhaps not very much. The financial services industry suffers from a poor image, cemented by its role in the ongoing economic crisis.
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News
Marks & Spencer to open chain of banks
Marks & Spencer is to shake up the financial services industry with the launch of its own bank.
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Opinion
Sale of Hammersmith Apollo puts HMV in a better place
An increasingly happy tune is being whistled at HMV which, to the surprise of some, looks better placed than it has done in years.
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News
Tesco expected to report sales fall as its recovery begins
Tesco’s underlying sales are expected to fall in the first quarter, as chief executive Philip Clarke continues to drive his £1bn investment to help repair the business.
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Analysis
Retail surgery: Can the bank sell on my debt without permission?
Can the bank sell our debt without our agreement, and what can happen if it does?
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Analysis
Halfords: What the analysts say
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30 amid concerns that the tough economic climate has impacted motorists and the weather has dampened cycle sales
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Analysis
Kingfisher: What the analysts say
The City met the news that B&Q owner Kingfisher UK & Ireland’s retail profit slumped 9.8% to £75m in the first quarter with little surprise after poor weather hit sales
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News
Halfords upbeat despite 26.6% pretax profit plunge
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30.
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News
Kingfisher first quarter profits slump as wet weather hits sales
B&Q owner Kingfisher UK & Ireland retail profit slumped 9.8% to £75m in the first quarter as wet weather hindered sales in the crucial Easter trading period.
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News
Clinton Cards deal to be struck within days
Clinton Cards looks likely to be bought out of administration by the end of next week if not earlier as would-be suitors jostle to take control.
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Opinion
Asos: The online giant continues to reward investors
As the recriminations continue following Facebook’s botched IPO, there is one online business that carries on rewarding investors – Asos.
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Opinion
What impact will the recession have online?
So we’re in recession again. Cue further rending of garments and raise the wailing a semitone or two. The tune’s becoming familiar now.
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Analysis
Topps Tiles: What the analysts say
Despite a 4.7% like-for-like slip and profits drop in its first half, Topps Tiles has strong recovery potential according to the analyst community.
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News
Topps Tiles pre-tax profits fall in first half but current trading improve
Topps Tiles like-for-likes slipped 4.7% in its first half as pre-tax profits dropped 22% to £7.2m.
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Interview
Retail refinancings: Q&A with Barclays head of retail Richard Lowe
As Dixons and LK Bennett refinance, we talk to Barclays head of retail Richard Lowe about the lending climate for retailers.
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News
LK Bennett secures funding for US expansion
LK Bennett has raised £16m of new funding to accelerate expansion in the US.
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News
Dixons extends £300m credit facility
Electricals giant Dixons has extended a £300m revolving credit facility for two years.
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Opinion
M&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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Analysis
In the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.