All City & finance articles – Page 432
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NewsReuben brothers take £2m stake in Blue Inc
Billionaire investors the Reuben brothers have taken a holding in fashion retailer Blue Inc, it is understood.
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NewsMajestic Wines profits surge 27%
Majestic Wines group pretax profits surged 26.6% to £20.3m in the 52 weeks to March 28.
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NewsMarks and Spencer reveals bumper pay-outs for Bolland and Rose
Marks and Spencer chief executive Mark Bolland could receive up to £13.8m for his past year’s performance as former boss Sir Stuart Rose was waved off with a £8.1m pay-out.
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NewsIceland profits soar 15% as buyers circle business
Frozen food giant Iceland has scored another record year with pre-tax profits soaring 14.8% to £155.5m, Retail Week can reveal.
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NewsCity sceptical about HMV’s restructuring
Questions remain over HMV’s long-term prospects despite its £220m lifeline
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NewsSales slump at Argos, but Homebase holds up
Argos has suffered a big drop in first quarter sales, but sister DIY chain Homebase managed a resilient performance.
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NewsSainsbury's boss King takes £5m hit to pay packet
Sainsbury’s chief executive Justin King took a £5m hit to his pay packet last year as the supermarket failed to hit some performance targets and he cashed in fewer options.
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NewsFindel profits drop as its turnaround begins
Home shopping group Findel’s pre-tax profit before exceptional items dropped from £11.7m to £7m and its three year turnaround begins.
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NewsTony Shiret made redundant by Credit Suisse
Tony Shiret, the highly regarded analyst and vocal critic of Marks & Spencer under the leadership of Sir Stuart Rose, has left Credit Suisse after 18 years with the bank.
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NewsHMV secures refinancing lifeline
HMV has been given a lifeline by its banks as it has secured a new two-year refinancing plan worth £220m.
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NewsHMV close to securing £210m refinancing deal
Embattled entertainment retailer HMV is thought to be close to securing a refinancing deal to ensure its future.
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NewsLosses widen at Kookaï as sales plummet
Fashion chain Kookaï has reported pre-tax losses edged up and sales fell 30% in the year to August 28.
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AnalysisNick Hollingworth
The Austin Reed boss may have sold its landmark Regent Street store to new kid on the block SuperGroup, but it marks a new chapter for the menswear specialist. By George MacDonald.
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NewsHobbyCraft ups sales with sharper pricing
HobbyCraft’s new chief executive Catriona Marshall has turned around a sales decline at the arts and crafts retailer by realigning its pricing stance.
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Opinion
A year to forget for New Look
It’s hard to believe that little more than year ago, fashion group New Look hoped to pull off an IPO.
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AnalysisThe West End property market
While shop vacancy rates in the UK are at an all-time high, London’s top streets are commanding higher premiums than ever, despite the economic downturn.
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NewsElectricals market hit by World Cup comps
A year ago electricals retailers and department stores were riding the crest of the World Cup wave but now store groups that benefited then are coming up against tough comparatives.
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NewsChain Reaction Cycles mulls new investment
Bikes and accessories etailer Chain Reaction Cycles is considering seeking more investment to pedal future growth.
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NewsBurberry plots store refits and international flagship openings
Luxury retailer and brand Burberry is to plough £80m into store refurbishments this year and focus on high-profile flagship openings after reporting a surge in profits.
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NewsTesco brings Turkey COO home to lead superstores
Tesco has brought its chief operating officer in Turkey back to the UK as part of group chief executive Phil Clarke’s plans to bolster the lacklustre UK division.