All City & finance articles – Page 459
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NewsMorrisons founder to pay £210,000 fine over share sales
Supermarket veteran Sir Ken Morrison is close to reaching a settlement with the FSA over non-disclosure of share sales.
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NewsMorrisons appoints Credit Suisse as it mulls Iceland bid
Morrisons has appointed Credit Suisse as its investment banking advisor as the retailer mulls bidding for Iceland.
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NewsStore stocks bear up despite wave of riots
Despite the wave of rioting, including shop-burning and widespread looting, stores were down but outperformed other stocks in a week when the global markets were undermined by renewed financial fears.
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NewsBlacks chairman bows to pressure and resigns
Blacks Leisure chairman David Bernstein bowed down to pressure from major shareholder Sports Direct and resigned last week.
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NewsBroker pinpoints value in Home Retail
Broker Morgan Stanley has become a buyer of Argos-owner Home Retail for the first time since the business was founded through demerger from GUS in 2006.
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OpinionCrisis of confidence continues
Although the BRC was able to report “modest” retail sales growth in July, there was little for store chiefs’ comfort in the latest data.
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsFrench Connection H1 profit in line with expectations
Fashion retailer French Connection said that first half profit will be in line with management expectations.
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NewsDistress specialists exit battle to buy Comet
Distress specialist bidders are understood to have exited the battle to buy struggling electrical firm Comet.
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NewsWHSmith potential lies in travel arm
Bookseller and stationer WHSmith is undervalued according to broker Panmure, which reiterated its buy stance on the stock.
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NewsFlying Brands steadies ship following first-half ‘mistakes’
Home shopping group Flying Brands’ new contract wins have encouraged house broker Singer, despite the retailer plunging into the red after making big business errors in its first half.
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OpinionFrom coffee to cards
The appointment of Darcy Willson-Rymer as chief executive of Clinton Cards could not be a more definitive sign of change at the retailer, which for the first time will be run by someone from outside the founding family.
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NewsCity forecasts difficult times for Carpetright
The City expects the retail outlook to remain difficult for Carpetright after it reported an improvement in like-for-likes at the expense of margins.
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NewsInvestor confidence in SuperGroup returns
Fashion retailer SuperGroup appears to have won back investor confidence after a series of upsets and after its stock rose more than a third over July.
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NewsNext reports resilient first half sales
Next has reported soaring Directory sales which offset a dip in retail revenue in its first half.
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NewsMothercare appoints non-exec chairman
Mothercare has appointed Alan Parker CBE as non-executive chairman.
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NewsCarpetright sales improve at the expense of margins
Floorings giant Carpetright’ trading performance has improved, with domestic like-for-likes flat in the first quarter against a 6.3% slump in the fourth quarter of last year.
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NewsWickes gains market share as like-for-likes stall
DIY chain Wickes like-for-likes edged up 0.3% in the six months to June 30.
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NewsFlying Brands enters red and renegotiates financing after difficult first half
Flying Brands entered the red and was forced to renegotiate its financing after a difficult first half.