All City & finance articles – Page 424
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NewsJacques Vert sales edge up, but trading weakens in September
Sales at AIM-listed womenswear retailer Jacques Vert rose fractionally in the first 22 weeks of its financial year, but the company warned that trading has softened in the past three weeks.
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NewsTesco’s Price Drop hits other grocers
Tesco’s share price rose in the week that it launched its Big Price Drop, but the move hit the value of its food retail rivals.
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OpinionMoss Bros helps itself to profits
Moss Bros this week provided a rare piece of good news for the high street.
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NewsAlexon bought by Sun European in prepack deal
Alexon has been bought by private equity firm Sun European Partners as part of a prepack deal after the business fell into administration today.
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NewsClintons delays results announcement
Troubled greetings cards retailer Clintons has delayed the reporting of its prelims by two weeks.
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NewsAlexon suspends shares as administration looms
Troubled womenswear group Alexon has suspended its shares on the Stock Exchange “pending clarification of the company’s financial position”.
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NewsSun European and Debenhams in the race to buy Alexon
Private equity firm Sun European Partners is thought to be the front runner to acquire troubled womenswear group Alexon.
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NewsGame losses widen in first half
Game made a loss before non-recurring costs and tax of £48.5m in the six months to July 31, compared with a £18.8m loss in the same period last year.
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NewsHilco boss rakes in £4.5m in 2010
Hilco UK boss Paul McGowan took home a £4.5m bonus last year as the restructuring firm benefitted from snapping up ailing retailers.
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NewsFlying Brands warns it could breach banking covenants
Flying Brands this morning warned that trading had been below management expectations, and that it will breach its banking covenants next month unless it takes further action.
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NewsSuccess stories help sector to outperform
The bad retail news of the last week from retailers ranging from Alexon to Kesa was counterweighted by success stories from store groups including Debenhams and Kingfisher.
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OpinionDunelm done well
In these times of tough trading and hard-to-come-by bank lending, you don’t often read this sort of thing in a preliminary results statement.
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NewsAlexon moves forward with sale process
Troubled womenswear group Alexon has moved forward with its sale process and is considering an offer at a “significant” discount to the current share price.
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NewsGeneral stores win out over the grocers
As hordes of shoppers flocked to the opening of Westfield Stratford City, showing that willingness to spend has not entirely evaporated, general retailers ended the week up overall.
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NewsDiscounting hits Primark’s operating margin
Primark’s operating margin is expected to take a hit over the full year following a higher level of discounting on the UK high street towards the end of the summer.
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NewsProfit growth for Morrisons despite savvy shopper effect
Morrisons has observed the rise of the “professional” shopper in the face of the biggest hit to consumer spending power in a generation.
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OpinionThe global shopping centre
Tuesday’s thronged opening of Westfield Stratford City showed that the right stores in the right locations will continue to seduce shoppers.
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NewsDixons’ Nordic business impresses
Electricals group Dixons showed off its Nordic business, Elkjøp, last week, when it hosted an analysts’ visit in Sweden.
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NewsSales continue to fall at Argos owner Home Retail
Argos owner Home Retail’s shares fell after a second-quarter update showing a continued like-for-like sales fall at the flagship chain and deterioration in trading at stablemate Homebase.
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NewsKingfisher first half profits soar
DIY giant Kingfisher group adjusted pretax profit soared 24% to £439m in the 26 weeks to July 30, with two thirds of profits coming from outside the UK.