All City & finance articles – Page 460
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NewsBanks eye Robert Dyas sale
Hardware chain Robert Dyas is to be put up for sale by the banks which own it.
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NewsAnalysts pessimistic as sales slip at Halfords
Analysts downgraded their profit forecasts for Halfords after retail like-for-likes slid 1.1% in the 13 weeks to July 1.
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NewsTablets drive Carphone sales but Best Buy concerns remain
Tablet computers have become a key driver of Carphone Warehouse’s performance for the first time.
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NewsPotential Comet bidders enter second stage
Directors of Kesa and their advisers at Bank of America Merrill Lynch were deciding which Comet bidders should go through to the second stage.
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NewsStakebuilding raises Blacks’ share price
The market edged up over the week but retailers of all types were becalmed.
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NewsKingfisher’s sales rise despite slump at B&Q
Kingfisher’s second quarter impressed analysts, despite a slump in UK sales as bust rival Focus launched a closing down Sale.
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OpinionDixons heads for Harrods
Ironic that Dixons, which only two years ago was threatened by Harrods with legal action over a cheeky ad poking fun at the famous department store, is soon to be installed as the electricals concessionaire in the landmark Knightsbridge shop.
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NewsHeadwinds slow Thorntons strategy
Broker FinnCap has slashed its forecasts for Thorntons following the chocolatier’s strategy and trading update earlier this month.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
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NewsFormer Kingfisher director considers bidding for Comet
Former Kingfisher director Jim Weight is among the bidders for troubled electricals chain Comet, it is understood.
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NewsClinton Cards' refinancing delayed
Greetings cards retailer Clinton Cards’ refinancing is to take a month longer than expected.
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NewsOwn-label stimulates growth at House of Fraser
House of Fraser has reported an 8% rise in sales for its second quarter with a surge in sales of own-label collections fuelling the growth.
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NewsAshley ups stake in Blacks
Speculation is growing that Sports Direct founder Mike Ashley is targetting a takeover of rival Blacks as the sportswear tycoon increases his stake in the struggling outdoor retailer.
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NewsCity fears for Blacks as sales plunge further 10%
A second CVA may be looming for struggling outdoor goods retailer Blacks, according to one City analyst who values the retailer at just 1p per share after sales plummeted.
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OpinionBack to base camp for Blacks
Almost four years after Neil Gillis took over as chief executive, the bulk of his turnaround ambition for Blacks remains just that.
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NewsPension fund a stumbling block to sale of Comet
Comet’s pension fund is likely to become a key subject of discussion in the next phase of talks between owner Kesa and potential buyers of the electricals retailer.
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NewsBroker highlights impact of online on valuations
Broker Panmure Gordon has reinitiated coverage of a large number of retail stocks at a time of “irreversible structural change” for the industry.
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NewsPrimark ‘over worst now’ as cotton price inflation reduces
Primark owner Associated British Foods (ABF) has flagged that the worst of the cost inflation in cotton prices is over for the value fashion retailer.
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NewsSports Direct plans Eurozone expansion
Sports Direct is preparing for further international expansion after profits soared last year.
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NewsNegative food volumes worry for Supermarkets
Grocers face negative like-for-like food volumes for the remainder of the year after a torrid first half when the only uptick came in April with the royal wedding and Easter.