All City & finance articles – Page 441
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OpinionOnly channel is multichannel
The necessity of a serious multichannel business, if anyone doubted it, was starkly illustrated in Tuesday’s BRC sales figures for February.
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NewsSports Direct gets all-clear from SFO
Sports Direct has reported that the Serious Fraud Office has dropped investigations into any individuals connected to the retailer.
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NewsBurberry shares bolstered by Bulgari deal
Burberry shares soared after luxury goods house LVMH acquired accessories giant Bulgari with speculation that the luxury British heritage brand could be the latest to be snapped up.
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NewsJohn Lewis to raise £50m through retail bond
John Lewis Partnership, owner of the eponymous department store chain and grocer Waitrose, is to raise £50m through a retail bond.
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NewsOddbins drafts in advisers to consider future
Wine retailer Oddbins has drafted in advisors as it considers its options amid tough trading conditions.
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OpinionM&S machine cranks into gear
Marks & Spencer’s appointment of Inditex’s Russian boss Jan Heere as international director, and the poaching of Laura Wade-Gery from Tesco as ecommerce supremo, should benefit the retailer in subtle as well as obvious ways.
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NewsHMV expected to consider an emergency rights issue
Disposal of Waterstone’s also a possibility following fourth profit warning by parent since last autumn
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NewsSales slowdown at Primark sparks City retail sector fears
Value fashion powerhouse Primark sounded a warning that shoppers have been reluctant to open their purses since the start of the year, knocking City sentiment towards retailers.
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NewsDebenhams stands out as a buy
Broker Singer met Debenhams managment last week and reiterated its buy advice afterwards.
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NewsTesco joint venture builds momentum in China
Tesco has signed a new joint venture to create three more Lifespace malls in China, an initiative welcomed by the City as evidence of building momentum in the country.
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NewsGloomy outlook as retail takes a bad turn
Primark’s unsettling update and a profit warning from HMV put the frighteners on retail sector investors and general stores were sharply down against a flat market.
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NewsGrocers angry as UBS slams ‘unfair’ food hikes
Supermarkets could face a competition inquiry because of food price hikes according to investment bank UBS.
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NewsAlworths in the balance?
Future unclear for ‘son of Woolworths’ as founder resigns as director and restructuring looms.
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NewsKaren Millen targets £500m sales as it splits off from Aurora
Karen Millen is aiming to double sales to £500m in the next five years after parent company Aurora Fashions revealed this week it will be spun off from the rest of the group.
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NewsIceland to pay £100m dividend
Frozen food specialist Iceland is expected to pay a dividend of £100m this year, its first for three years.
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NewsCity lukewarm on the outlook for retail
As pressure continued to bear down on general retail stocks, Nomura and Espirito Santo issued notes assessing prospects.
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NewsKingfisher and Wickes upbeat but cautious as results impress
Analysts were pleased by upbeat updates from DIY retailers Kingfisher and Wickes but remain cautious on the outlook for the sector.
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NewsNew Dunelm boss maps out plan for expansion
Dunelm’s new chief executive Nick Wharton will focus on store roll-outs and multichannel operations as he seeks to further grow the business.
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NewsSports Direct sales benefit from troubles at JJB
Sports Direct’s retail sales soared 13.8% during its third quarter as it continued to win market share at JJB Sports’ expense.