All City & finance articles – Page 429
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NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.
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NewsOwn-label stimulates growth at House of Fraser
House of Fraser has reported an 8% rise in sales for its second quarter with a surge in sales of own-label collections fuelling the growth.
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NewsAshley ups stake in Blacks
Speculation is growing that Sports Direct founder Mike Ashley is targetting a takeover of rival Blacks as the sportswear tycoon increases his stake in the struggling outdoor retailer.
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NewsMothercare UK like-for-likes slip
Mothercare, which last week posted a 4.3% drop in UK like-for-likes in its first quarter, is a sell according to broker FinnCap.
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NewsSubdued trading and inflation hits grocers
The latest grocery industry data from Kantar and Nielsen showed inflation-powered sales growth at the expense of volumes.
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NewsNegative food volumes worry for Supermarkets
Grocers face negative like-for-like food volumes for the remainder of the year after a torrid first half when the only uptick came in April with the royal wedding and Easter.
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NewsSports Direct plans Eurozone expansion
Sports Direct is preparing for further international expansion after profits soared last year.
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NewsPrimark ‘over worst now’ as cotton price inflation reduces
Primark owner Associated British Foods (ABF) has flagged that the worst of the cost inflation in cotton prices is over for the value fashion retailer.
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NewsBroker highlights impact of online on valuations
Broker Panmure Gordon has reinitiated coverage of a large number of retail stocks at a time of “irreversible structural change” for the industry.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.
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OpinionBack to base camp for Blacks
Almost four years after Neil Gillis took over as chief executive, the bulk of his turnaround ambition for Blacks remains just that.
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NewsCity fears for Blacks as sales plunge further 10%
A second CVA may be looming for struggling outdoor goods retailer Blacks, according to one City analyst who values the retailer at just 1p per share after sales plummeted.
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NewsHalfords like-for-likes slip in a "difficult environment"
Halfords retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsRobert Dyas non-exec chairman Geoff Brady joins Albemarle & Bond board
Robert Dyas non-exec chairman Geoff Brady has joined the board of pawnbroker Albemarle & Bond.
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NewsDixons boss Browett's bonus cut
Dixons chief executive John Browett’s rewards package shrank last year after the retailer’s profits growth stalled.
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NewsPrivate equity firms bid for American Golf
A number of private equity firms have tabled bids for golf specialists American Golf which is up for sale for £80m.
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NewsDebenhams completes £650m refinancing
Department store group Debenhams has completed its refinancing of the £650m senior credit facility it agreed in July 2010.
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NewsJJB makes 'good progress' with turnaround
Sports specialist JJB, which is at the start of a turnaround programme, told investors that “good progress” is being made.
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NewsReturn to sales growth puts Dunelm on course
Value homewares retailer Dunelm expects full year profit to be in line with expectations after revealing like-for-like growth improved in the fourth quarter.
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NewsConfidence high in WHSmith performance
Analysts were pleased by a better than expected third quarter performance from WHSmith, despite a 4% fall in group like-for-likes.