All City & finance articles – Page 425
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NewsTopps warns on profits as shattered consumer confidence takes toll
Topps Tiles has issued a profit warning after a steep trading downturn in recent weeks.
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NewsGarden Centre Group buys Country Homes and Gardens
Garden Centre Group has bought 12-store counterpart Country Homes and Gardens for an undisclosed sum.
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NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
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NewsNo pay rise for SuperGroup's Dunkerton
Directors of fashion retailer SuperGroup, including founder Julian Dunkerton, will not take a pay rise this year
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NewsSports retailers’ reputations intact despite ‘looter effect’
Sports retailers, including JD Sports, will not be damaged by their association with ‘looter fashion’, Oriel analysts are confident.
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NewsFrench Connection stands confident
French Connection struck a confident note in an update last week when it reported UK like-for-like growth, increased year-on-year demand for its winter wholesale collections and that first-half profit would meet expectations.
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OpinionComment: Signet shares may yet sparkle
Unlike what it sells in-store, the shares of jewellery Goliath Signet haven’t been sparklers lately – there’s a been a distinct lack of bling.
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NewsOcado’s lack of update raises City eyebrows
Broker Panmure has questioned why Ocado has not updated the City after the online grocer’s joint broker Goldman Sachs slashed its operating profit forecasts for the next three years.
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NewsGame multichannel deal pleases the sceptical City
A further push by Game into multichannel retail was welcomed by analysts, but the City wants to see the games specialist to “dramatically” reduce its store numbers.
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NewsRetail bearing up but grocery volumes weak
Although retailers bore the brunt of last week’s riots, the sector kept its head above water despite lagging the All-share index.
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NewsOcado co-founder cuts stake in grocer
The co-founder of Ocado and his wife have sold some of its stake in the online grocer, despite shares trading at their lowest level since the group floated last July
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NewsMorrisons founder to pay £210,000 fine over share sales
Supermarket veteran Sir Ken Morrison is close to reaching a settlement with the FSA over non-disclosure of share sales.
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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OpinionCrisis of confidence continues
Although the BRC was able to report “modest” retail sales growth in July, there was little for store chiefs’ comfort in the latest data.
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NewsBroker pinpoints value in Home Retail
Broker Morgan Stanley has become a buyer of Argos-owner Home Retail for the first time since the business was founded through demerger from GUS in 2006.
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NewsBlacks chairman bows to pressure and resigns
Blacks Leisure chairman David Bernstein bowed down to pressure from major shareholder Sports Direct and resigned last week.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsFrench Connection H1 profit in line with expectations
Fashion retailer French Connection said that first half profit will be in line with management expectations.