All City & finance articles – Page 429
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OpinionGeneral retailers defy market and bad news
Retailers may have gone down like dominoes over the week but despite the slew of bad news publicly quoted general retailers were up versus the market generally.
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NewsThe Hut drafts in IPO advisers
Online retailer The Hut, which is chaired by former Matalan chief executive Angus Monro and in which Sir Stuart Rose and Sir Terry Leahy are investors, is poised to name advisers ahead of a potential IPO.
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NewsThorntons to slash number of company-owned stores
Thorntons plans to close at least 120 stores, and may close a further 60 more, following the completion of its strategic review.
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NewsCarpetright profits slump in the face of weak consumer demand
Floorings giant Carpetright has suffered a 40% plummet in underlying pre tax profit to £16.9m as weak consumer confidence hit the retailer.
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NewsClinton Cards mulls management buyout
Clinton Cards management has approached City banks with a plan to buy the company from the Stock Exchange.
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NewsIceland's Walker in talks with Goldman Sachs for deal finance
Iceland tycoon Malcom Walker is in talks with Goldman Sachs about backing his efforts to retain control of the frozen foods specialist.
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NewsTesco needs to ‘explain’ UK strategy
Tesco was scheduled to host analysts on a trip to eastern Europe at the time of publication, but broker MF Global warned that the grocer should devote more time to telling the City how it will fix the UK business.
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OpinionBetting on Dunkerton
It was a big day last week for fashion specialist SuperGroup when the City’s scribblers descended on Cheltenham for a bit of speed-dating with the management.
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NewsHobbs secures £46.5m funding to accelerate expansion
Womenswear retailer Hobbs has secured £46.5m funding to accelerate brand development and retail expansion.
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NewsBest Buy rumoured to be mulling Dixons bid
US electrical giant Best Buy is rumoured to be sizing up a bid for UK rival Dixons.
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NewsTesco shareholders urged to cut "excessive" pay
Tesco investors have been urged to vote against the grocer’s remuneration report by shareholder advisory group Pirc.
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NewsSuperGroup seeks to rally investor support
SuperGroup, the young fashion business, met with analysts yesterday to allay investor concerns that its Superdry brand has become overexposed.
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NewsJD Sports acquires Cecil Gee and Spanish sports retailer Sprinter
JD Sports has acquired menswear retailer Cecil Gee and a controlling stake in Spanish sports retailer Sprinter.
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NewsMoss Bros like-for-likes up 13.4% as it disposes of Cecil Gee
Menswear retailer Moss Bros like-for-likes surged 13.4% in the 20 weeks to June 18.
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NewsCity speculates on Abercrombie bid for SuperGroup
US retailer Abercrombie & Fitch may be interested in acquiring trendy fashion retailer SuperGroup, City speculators believe.
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NewsMajestic maintains its fizz despite flat market
Majestic chief executive Steve Lewis said it was “very much our time” as the wine specialist reported pre-tax profits up 26.6% to £20.3m in the year to March 28.
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NewsCity takes dim view of retailers’ mixed results
General retailers and grocers alike were down as a wide range of stores reported a mixed trading picture.
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OpinionThe big-box blues
After all the speculation beforehand, Carphone Warehouse gave away little about the future of the fledgling Best Buy big-box business in the UK when it updated on Tuesday
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NewsGame shareholders revolt over pay
Shareholders in entertainment specialist Game staged a revolt against the retailer’s remuneration stance at yesterday’s AGM.
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NewsGame sales decline prompts downgrades from analysts
Game group like-for-likes dropped 11.3% in the 19 weeks to June 11 as the retailer was hit by a worse than expected decline in the games market.