All City & finance articles – Page 462
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NewsTechnology products key as HMV sets sights on recovery
Analysts remained bearish on HMV after the entertainment group revealed full-year profits had slumped and set out recovery plans
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NewsSteady profits rise for Jacques Vert
AIM-listed womenswear retailer Jacques Vert managed a 3.1% increase in full-year pre-tax profits to £5.3m despite turbulent trading conditions.
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NewsAlexon explores new financing options as like-for-likes remain flat
Fashion group Alexon’s like-for-likes have remained flat and it is exploring new financing options to invest in turnaround.
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NewsWH Smith sales fall, but margins up
WH Smith has reported a 4% fall in like-for-like sales in the 18 weeks to 2 July.
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NewsMothercare under fire over executive pay
Maternity retailer Mothercare has been lambasted by an activist shareholder for the “highly excessive” incentive payments awarded to its senior directors.
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NewsKnight Vinke: no objection to sale of Comet
Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.
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NewsKnight Vinke urges Comet demerger rather than sale
Knight Vinke, the activist investors with a 20% stake in Kesa, has urged the electricals group not to sell UK chain Comet.
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NewsNext nets £65m as it sells its customer service business Ventura
Fashion chain Next has sold its third party customer service business Ventura to support services company Capita for £65m.
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OpinionGeneral retailers defy market and bad news
Retailers may have gone down like dominoes over the week but despite the slew of bad news publicly quoted general retailers were up versus the market generally.
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OpinionTesco shines in central Europe
As headlines here were dominated by retailer collapses such as Habitat and Homeform, Tesco was reminding the City of its international counterweight to the troubled UK market.
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NewsThe Hut drafts in IPO advisers
Online retailer The Hut, which is chaired by former Matalan chief executive Angus Monro and in which Sir Stuart Rose and Sir Terry Leahy are investors, is poised to name advisers ahead of a potential IPO.
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NewsThorntons to slash number of company-owned stores
Thorntons plans to close at least 120 stores, and may close a further 60 more, following the completion of its strategic review.
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NewsCarpetright profits slump in the face of weak consumer demand
Floorings giant Carpetright has suffered a 40% plummet in underlying pre tax profit to £16.9m as weak consumer confidence hit the retailer.
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NewsClinton Cards mulls management buyout
Clinton Cards management has approached City banks with a plan to buy the company from the Stock Exchange.
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NewsIceland's Walker in talks with Goldman Sachs for deal finance
Iceland tycoon Malcom Walker is in talks with Goldman Sachs about backing his efforts to retain control of the frozen foods specialist.
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OpinionBetting on Dunkerton
It was a big day last week for fashion specialist SuperGroup when the City’s scribblers descended on Cheltenham for a bit of speed-dating with the management.
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NewsTesco needs to ‘explain’ UK strategy
Tesco was scheduled to host analysts on a trip to eastern Europe at the time of publication, but broker MF Global warned that the grocer should devote more time to telling the City how it will fix the UK business.
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NewsHobbs secures £46.5m funding to accelerate expansion
Womenswear retailer Hobbs has secured £46.5m funding to accelerate brand development and retail expansion.
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NewsBest Buy rumoured to be mulling Dixons bid
US electrical giant Best Buy is rumoured to be sizing up a bid for UK rival Dixons.
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NewsTesco shareholders urged to cut "excessive" pay
Tesco investors have been urged to vote against the grocer’s remuneration report by shareholder advisory group Pirc.