All City & finance articles – Page 411
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NewsHome Retail profits slump as Argos struggles
Home Retail Group pre-tax profits slumped by 60% as Argos battled a weak electricals market.
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NewsFigleaves to post first ever profit
Lingerie etailer Figleaves is expected to post its first profit when it reports its full-year results tomorrow.
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NewsStruggling Clinton Cards delays publication of strategic review
The unveiling of Clinton Cards’ strategic review, expected today, has been delayed.
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OpinionComment: Return to recession is a red alert for retail
The UK has slipped back into recession. The dreaded double-dip, which most commentators expected us to avoid, is a reality for the first time since the 1970s.
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NewsAsos sales up as international powers growth
Etail fashion giant Asos sales increased 34% in its fourth quarter with international sales driving much of the growth.
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NewsRecession sparks fears for retail recovery
Retailers fear further slump in consumer confidence as the UK plunges back into recession.
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OpinionComment: Restoring Mothercare's fortunes won’t be child’s play for Calver
On Monday, Simon Calver takes control at Mothercare, where the wheels have come off the pram in the core UK market.
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NewsSports Direct reports strong spring sales
Sports Direct has recorded a 13.2% uplift in total sales to £267.6m.
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AnalysisCarpetright: What the analysts say
Carpetright; what the analysts are saying regarding the flooring giant’s sixth profit warning since February 2011.
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NewsCarpetright issues another profit warning as bed sales disappoint
Floorings giant Carpetright has issued another profit warning after sales in its beds business and in Europe disappointed.
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NewsSuperGroup's value destroyed after shock profit warning
Fashion retailer SuperGroup has issued a shock profit warning after uncovering maths errors in its forecasting.
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NewsDebenhams first half pretax profit exceeds expecations
Debenhams first half pretax profit has exceeded expectations, increasing 1.4% to £127.1m as its strategy to push international and multichannel drove growth.
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NewsWHSmith records 3% profit rise as like-for-likes slip
WHSmith recorded a 3% rise in trading profits to £74m but like-for-like sales fell 5%.
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InterviewQ&A: Philip Clarke, Tesco
Tesco chief executive Philip Clarke and group finance director Laurie McIlwee faced a grilling from the press as the grocer unveiled its £1bn turnaround plan for the UK business today. Clarke talks improving in-store experience, Richard Brasher and what went wrong. Alex Lawson reports.
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AnalysisTesco: What the analysts say
Tesco boss Phil Clarke unveiled his turnaround strategy for the UK this morning as full year trading profit dipped 1% in its home market. The analyst community has its say on his plans to revitalise the domestic business.
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AnalysisAnalysis: What does Clarke's plan mean for Tesco?
Perhaps the most interesting place to be this morning is in the offices of Sainsbury’s chief executive Justin King and Andy Clarke and Dalton Philips, his counterparts at Asda and Morrisons.
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NewsTesco invests £1bn in UK turnaround as like-for-likes dip
Tesco is to invest £1bn to turnaround its UK business this year as it squares up for an intense battle to win back grocery market share.
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NewsNext boss Wolfson's pay falls
Next chief executive Simon Wolfson’s pay slipped to £1.5m in the last year from £1.8m the previous year.
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NewsBurberry half year sales surge
British luxury brand Burberry’s like-for-like retail sales jumped 12% over the last six months with the UK market helping drive growth.
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NewsRetailers must refinance £7bn of bank and bond debt in 2012
Retailers have to refinance $11.2bn (£7.1bn) in syndicated bank debt and bonds by the end of the year, with a further $60.6bn (£38.3bn) due by 2018.