All City & finance articles – Page 445
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NewsFindel unveils £80.5m fundraising
Home shopping group Findel has unveiled an £80.5m fundraising as it restructures its balance sheet and bids to improve performance.
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NewsJohn Lewis pension trust sells Ocado stake
The John Lewis Partnership Pensions Trust has sold its remaining stake in online grocer Ocado.
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OpinionBest Buy thinks outside the box
It is less than a year since US electricals giant Best Buy planted its flag in this country in partnership with Carphone Warehouse with its first big-box store in Thurrock.
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OpinionRetail surgery: What does a squeeze on household finances mean for retailers?
The Bank of England has said consumers face the biggest squeeze in their household finances since the 1920s. What does this mean?
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NewsSuperGroup vows stellar performance will continue
SuperGroup chief executive Julian Dunkerton has promised continued growth after a stellar third quarter, and said the retailer’s phenomenal share price rise since last year’s IPO reflected that the company is delivering on its promises so far.
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NewsHugo Boss sell-off suits new-look Moss Bros
Moss Bros boss Brian Brick has hailed the decision to sell its 15 Hugo Boss franchise stores to Hugo Boss UK for £16.5m as a “transformational” moment for the group.
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NewsGeneral stores boosted by January sales rise
A January sales fillip, takeover talk and musical chairs in the boardroom helped buoy up general retailers over the week and they outperformed the All-share index.
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NewsSainsbury’s improved offer impresses analysts
City analysts came away from a company visit last week impressed by the improvements Sainsbury’s is making in non-food.
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NewsFrench Connection steams ahead
Fashion group French Connection expects profits for the year just ended to be at least £6.8m, compared with a restated £1m last year.
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NewsPeacocks prompts IPO speculation after beginning hunt for chairman
Value fashion group Peacocks intends to appoint a chairman for the first time in five years, prompting speculation that an IPO may be on the cards.
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NewsGo Outdoors considers float as its plans for growth accelerate
Outdoor specialist Go Outdoors will decide whether to push the button on a float of the business early next year, after having ruled out a sale.
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AnalysisGoing, going... gone
As Icelandic investors consider exiting high-profile retailers, George MacDonald asks whether the stores sector can look forward to a raft of deals in the year to come
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NewsHMV investor Mamut mulling shake-up of business
HMV shareholder Alexander Mamut, the Russian oligarch who has been building up his stake in the business, has appointed Credit Suisse to advise him on options for the embattled retailer.
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NewsTakeover talks reflect tough week for stores
Plunging consumer confidence, signs of slowing trading at bellwether department store group John Lewis and a Carpetright profit warning meant general retailers were left on the shelf by investors.
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OpinionThe like-for-like masquerade
A focus on short-term figures simply damages retailers’ prospects in the long run, says Neil Gillis
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OpinionInflation hides a multitude of sins
“Lies, damned lies and retailers’ Christmas trading statements.” As a retail analyst I always hated January and its seemingly never ending stream of sales updates.
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OpinionInvestors see value in retail’s ugly ducklings
The City tends to see things in a very black and white way. And if the stock market continues to price established businesses at levels that assume they won’t exist much longer, then eventually someone else is going to see opportunity in them.
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NewsNomura kicks off food coverage with Tesco tip
Broker Nomura has begun coverage of food retailers with Tesco as a key stock pick.
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NewsJD says chains will stay separate if talks with JJB are successful
JD Sports Fashion executive chairman Peter Cowgill has said that he plans to continue to run JJB Sports as a separate chain if he buys the business, and believes the JD management team can offer expertise to the struggling retailer.
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NewsBuyers size up HMV
Entertainment retailer back on private equity’s radar after poor trading raises prospect of a break-up