All City & finance articles – Page 426
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NewsDistress specialists exit battle to buy Comet
Distress specialist bidders are understood to have exited the battle to buy struggling electrical firm Comet.
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NewsInvestor confidence in SuperGroup returns
Fashion retailer SuperGroup appears to have won back investor confidence after a series of upsets and after its stock rose more than a third over July.
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NewsCity forecasts difficult times for Carpetright
The City expects the retail outlook to remain difficult for Carpetright after it reported an improvement in like-for-likes at the expense of margins.
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OpinionFrom coffee to cards
The appointment of Darcy Willson-Rymer as chief executive of Clinton Cards could not be a more definitive sign of change at the retailer, which for the first time will be run by someone from outside the founding family.
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NewsFlying Brands steadies ship following first-half ‘mistakes’
Home shopping group Flying Brands’ new contract wins have encouraged house broker Singer, despite the retailer plunging into the red after making big business errors in its first half.
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NewsWHSmith potential lies in travel arm
Bookseller and stationer WHSmith is undervalued according to broker Panmure, which reiterated its buy stance on the stock.
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NewsNext reports resilient first half sales
Next has reported soaring Directory sales which offset a dip in retail revenue in its first half.
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NewsMothercare appoints non-exec chairman
Mothercare has appointed Alan Parker CBE as non-executive chairman.
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NewsCarpetright sales improve at the expense of margins
Floorings giant Carpetright’ trading performance has improved, with domestic like-for-likes flat in the first quarter against a 6.3% slump in the fourth quarter of last year.
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NewsWickes gains market share as like-for-likes stall
DIY chain Wickes like-for-likes edged up 0.3% in the six months to June 30.
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NewsFlying Brands enters red and renegotiates financing after difficult first half
Flying Brands entered the red and was forced to renegotiate its financing after a difficult first half.
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NewsBanks eye Robert Dyas sale
Hardware chain Robert Dyas is to be put up for sale by the banks which own it.
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NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
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OpinionDixons heads for Harrods
Ironic that Dixons, which only two years ago was threatened by Harrods with legal action over a cheeky ad poking fun at the famous department store, is soon to be installed as the electricals concessionaire in the landmark Knightsbridge shop.
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NewsKingfisher’s sales rise despite slump at B&Q
Kingfisher’s second quarter impressed analysts, despite a slump in UK sales as bust rival Focus launched a closing down Sale.
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NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
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NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
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NewsTablets drive Carphone sales but Best Buy concerns remain
Tablet computers have become a key driver of Carphone Warehouse’s performance for the first time.
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NewsAnalysts pessimistic as sales slip at Halfords
Analysts downgraded their profit forecasts for Halfords after retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.