All City & finance articles – Page 450
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NewsTesco's Higginson sells £1m of shares
Tesco boss Andrew Higginson has offloaded a tranche of shares in the top grocer.
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NewsStakebuilders spot an opportunity in retail
Retail shares, like the temperature, dipped below zero as the big freeze was reflected in icy investor attitudes towards stores on fears that trading will suffer in the golden period.
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NewsFull-price purchases help Mulberry profits rocket
Luxury retailer Mulberry’s profits soared in its first half, when a higher proportion of sales were made at full retail price during the spring season and there was less reduced stock in the Sale.
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NewsHampers group Park makes first-half profit
Half-year sales at hampers and Christmas savings specialist Park Group rocketed as hard-pressed consumers increasingly put money aside for the festive period.
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NewsSuperGroup shares hit by margin fears
Julian Dunkerton, chief executive of fashion retailer SuperGroup, has played down the impact of rising cotton prices after its shares plummeted by about 15% on Wednesday despite posting an 86.4% hike in pre-tax profits to £14.6m for the first half of the year.
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OpinionNo trolley dash for retail
Many retailers have weathered the trading storms well post credit crunch but their efforts have frequently not been matched by investor enthusiasm.
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NewsJessops on course to make EBITDA profit
Camera specialist Jessops expects to make an EBITDA profit in the year to January 2, after making a £41m loss last year. The retailer has also bolstered its management team as it gears up for growth.
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NewsChristmas on ice
High street could benefit at the expense of out-of-town shops if the bad weather continues
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NewsMothercare to capitalise on overseas promise
Maternity specialist Mothercare aims to double its international sales by 2014 as its UK business continues to find the going tough.
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NewsSales and margins up at Moss Bros
Menswear group Moss Bros reported sales and margins were up as chief executive Brian Brick’s improvement programme for the retailer continued.
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NewsBig-ticket retailers race to start Sales before the VAT rise hits
DIY and furniture retailers confident about early start to January Sales but cautious about early 2011
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NewsHMV cautious over Christmas trade after poor interim results
HMV disappointed the City last week with worse-than-expected interim results and cautious comments about the crucial Christmas trading period after snow hit sales.
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NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
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NewsTesco poised to start search for new chairman
Tesco is preparing to start the search for a new chairman to replace David Reid.
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NewsProfits jump at Zara-owner Inditex as its expansion pays off
Zara-owner Inditex net profit increased 42% to €1.2bn (£994m) in the nine months to October 31 across the fashion group, which also owns Massimo Dutti and Bershka.
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NewsRussian tycoon Mamut increases HMV stake
Russian oligarch Alexander Mamut yesterday increased his holding in troubled entertainment retailer HMV.
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NewsWickes sales grow as shoppers buy ahead of VAT rise
DIY chain Wickes like-for–likes grew 0.6% in the 47 weeks to November 27 with turnover up 2.7%.
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NewsPPR scotches Burberry takeover talk
French luxury goods group PPR, the business behind brands including Gucci, Stella McCartney and Alexander McQueen, has quashed speculation that it intends to acquire British luxury retailer and brand Burberry.
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NewsPhones4U deal likely to be valued below £700m
Private equity firm BC Partners is likely to pay less than the £700m anticipated for Phones4U by present owner Providence Equity Partners.
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AnalysisPassing on the VAT increase
With VAT set to rise retailers will struggle to absorb the increase, especially as other costs are rising. Some are already putting prices up to make January’s change less noticeable, Nicola Harrison discovers