All City & finance articles – Page 420
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NewsBig Price Drop drives volume growth at Tesco
Tesco like-for-like sales in the UK, excluding petrol and VAT, fell 0.9% in the third quarter.
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NewsWiggle bought by Bridgepoint in £180m deal
Cycles etailer Wiggle has today been acquired by private equity firm Bridgepoint in a £180m deal.
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NewsDune Group sales fall
Footwear business Dune Group has posted a slight increase in pre-tax profits from £6.42m to £6.47m for the year to January 29, 2011.
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NewsFor sale sign raised over Blacks
Outdoor specialist Blacks Leisure has put itself up for sale after concluding that previous fundraising plans were unrealisable, but investors may get nothing from a disposal.
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NewsSports Direct set to snub Blacks fundraising
Sports Direct founder Mike Ashley is set to snub a £20m cash call by struggling outdoor retailer Blacks of which he is the largest shareholders.
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NewsComet deal financing delayed
The proposed sale of Comet has hit a stumbling block because its prospective buyer has not yet secured a key part of its financing.
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NewsStore stocks tick up as consumers fret
Store stocks of all types ticked up over the week as the market overall improved, but general retailers still significantly lag the All-share index over the year.
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OpinionReviving Clintons
At the global property conference Mapic two weeks ago, one of the main questions on the lips of landlords and agents was ‘what will Clintons do with its 800-strong store estate?’
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NewsProfits fall at Topps Tiles
Floorings specialist Topps Tiles full year profit before tax has plummeted 36% to £7.9m.
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NewsClintons like-for-likes slip 2.4%
Greetings card retailer Clintons group like-for-likes fell 2.4% in the 16 weeks to November 20.
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NewsFormer Asda COO Simon King appointed Wickes MD
DIY chain Wickes has appointed former Asda chief operating officer Simon King as its managing director.
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NewsTM Lewin profits up as it eyes further international growth
TM Lewin EBITDA rose 5% to £14.7m in the year to February 26 despite the “challenging conditions”.
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NewsArcadia takes margin hit as it shoulders VAT rise
Topshop-owner takes heart from young fashion, online and overseas despite fall in profits
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NewsStore sector suffers as market plummets
Store stocks took a pummelling over the week although they did not fall as steeply as the wider market.
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OpinionDIY innovation pays dividends
Kingfisher’s programme of self-help has paid dividends, and not just to its shareholders.
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OpinionRetail needs a break from the politicians
When is a plastic bag not just any old plastic bag? The answer apparently is when its purpose is to protect what’s inside rather than simply to carry stuff home.
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NewsDixons group losses widen despite improved UK performance
Electricals group Dixons underlying pre-tax losses widened from £6.9m to £25.3m in the 24 weeks to October 15 however the UK performance strengthened in the period.
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NewsKingfisher boss launches green task force
Kingfisher boss Ian Cheshire is to lead an independent task force aimed at finding new opportunities for UK businesses to drive green economic growth.
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NewsJD Sports preparing for "tough" Christmas
JD Sports Fashion has revealed flat like-for-likes in the 16 weeks to November 19.
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NewsDwell posts EBITDA profit despite tough trading in furniture sector
Furniture chain Dwell has bounced back into the black at an EBITDA level as sales grew in the year to January 28 despite a punishing big-ticket market.