All City & finance articles – Page 460
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NewsHome Retail and Game expected FTSE casualties
Home Retail Group and Game are likely to lose status next week when the FTSE index undergoes one of its regular recalculations.
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OpinionTough times will sort men from the boys
There will doubtless be the usual gloomy predictions, but Christmas will be OK because Christmas always is.
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OpinionTime for Argos to help itself
What has almost 1,000 pages and sells everything from air beds to yoga mats? It’s not Argos’s latest big book, but Tesco’s.
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NewsOcado shares up by 5% ahead of update
General store stocks improved compared with their recent weak showing but the sector remains well down over the year in comparison with food groups and the All-Share index.
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News
New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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NewsWorld Cup boosts Dixons sales
Electricals group Dixons Retail, owner of the Currys and PC World chains, has reported a good start to the year helped by the World Cup and demand for iPads.
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NewsMountain Warehouse deal values store group at £50m
Private equity firm LDC acquires stake in fast-growing outdoor gear specialist
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NewsDwell secures £5m funding to aid expansion plans
Furniture retailer Dwell has secured £5m in private equity investment from Key Capital Partners to aid expansion plans.
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OpinionM&S’s online food for thought
Ocado’s share price since flotation and its ongoing attempt to become profitable will be of consuming interest to retail directors other than just the online grocer’s. Among them no doubt is Marks & Spencer chief executive Marc Bolland, who is gearing up to unveil his strategy this autumn.
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OpinionLike-for-like focus disturbs real picture
Forecasting the nature and shape of demand is always challenging because the consumer has, to a significant degree, the freedom to totally ignore supply if they want to.
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NewsOcado shares continue to freefall
Ocado has suffered a disappointing first month of trading on the London Stock Exchange, with its shares losing 20.7% of their value.
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News
Pawnbrokers continue to cash in with bigger profits
Pawnbrokers have continued to benefit from the downturn, results from H&T and Cash Converters indicated this week.
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NewsFreemans thinks big as it returns to profit
Home shopping group Freemans Grattan Holdings claims it has returned to profit after a major business restructuring, and plans to launch a plus-size offer for customers early next year.
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NewsDisruption at new warehouse set to hold back Halfords’ sales
Supply chain difficulties following move to centralise distribution set to hit retailer’s Q2 like-for-likes
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NewsAmerican Apparel UK’s future in the balance amid liquidity fears
Restructuring specialists Hilco and GA Asset advisors are circling the UK arm of US fashion retailer American Apparel as the future of the retailer hangs in the balance.
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OpinionMy advice to Sir Philip Green
Taking the axe to public servants who hold back retailers would be a good start
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NewsAppetite for grocers up despite FTSE 100 woes
As the FTSE 100 took a hit on renewed fears of a double-dip recession, investor appetite for food retailers was keener than for general merchandise groups.
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NewsH&T profits soar as retail sales rise
Pawnbroker H&T said that pre-tax profits soared 70.6% in the six months to June 30 with retail sales up 22% for the period to £8.6m.
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NewsSwannell to remain chairman of HMV
Robert Swannell will stay on as chairman of entertainment retailer HMV despite agreeing to take up the same position at Marks and Spencer next year.
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NewsSir Stuart Rose to stand down from Marks & Spencer in January, Robert Swannell confirmed as successor
Sir Stuart Rose will be succeeded by Robert Swannell as chairman of Marks & Spencer on January 4 next year.