All City & finance articles – Page 464
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NewsRefreshed Robert Dyas surges back into black
Broadened appeal, focus on own-brand and tighter cost control lifts hardware retailer
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NewsOcado vows to engage with City after criticism over float
Disappointing start to life as a public company for online grocer as shares fall on day of float
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NewsDebenhams refinances £650m of debt early
Debenhams has completed a £650m refinancing ahead of schedule.
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NewsBlacks hoping £5 loyalty cards will help revive sales
Blacks Leisure has sold 10,000 loyalty cards just two weeks since it launched the scheme in stores, and the retailer hopes it will be a key driver of sales, as like-for-likes fell 7.5% in the 17 weeks to June 26.
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NewsFindel instigates review after losses reach £76.1m
Findel has instigated a full review of its business after losses widened for the group in what it described as a “challenging year”.
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Opinion
A humbling experience?
Ocado may have got its float away - just - but the whole process has been an embarassment to its founders.
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NewsShop Direct full year losses narrow
Littlewoods owner Shop Direct said its pre-tax losses narrowed from £114m to £21m in the year to April 30 after a year of “significant restructuring”.
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NewsOcado IPO priced at 180p
Ocado has priced its IPO at the bottom end of its revised price range after investors baulked at the original valuation.
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NewsOcado lowers its IPO price range
Ocado has lowered the anticipated price range for its IPO to between 180p to 200p.
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NewsOcado secures 80% of orders for IPO shares
Ocado is understood to have secured orders for about 80% of the shares it is seeking to sell in its flotation.
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NewsDebenhams completes refinancing
Debenhams has confirmed that it has completed the refinancing of its borrowing facilities, with the signing of a new £650m credit facility.
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NewsBrightHouse full year like-for-likes grow 10.7%
BrightHouse has had another strong year of growth, with like-for-likes increasing 10.7% in the year to March 31.
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NewsBurberry buys out Chinese franchisee
Luxury retailer and brand Burberry has agreed to buy 50 stores in China from its franchisee in a deal worth £70m.
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NewsMothercare to take 25% stake in Australian franchisee
Mothercare is to take a stake 25% in Headline Group, which holds the Mothercare and Early Learning Centre franchises in Australia and New Zealand.
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NewsGrowth will be hard to maintain, says Dunelm
Value homewares retailer Dunelm has warned of toughening trading conditions, despite the likelihood that operating profits this year will be just ahead of expectations.
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News
Jigsaw’s parent reports near doubling of losses
Losses at Robinson Webster Holdings, the parent company of womenswear retailers Jigsaw and Kew, almost doubled last year as a result of a currency fluctuations, deeper discounting and disposal of excess stock during the recession.
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NewsPrimark defies the downturn with strong growth in sales
Value fashion retailer Primark has reported that full-year margins are expected to be ahead of last year despite rising input prices, which are forecast to hit the clothing sector generally.
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NewsDreams expects to continue its rapid growth as more rivals fail
Bed specialist Dreams is set to notch up double-digit revenue growth this year on the back of its record year in 2009, but the retailer predicts more of its rivals will hit trouble.
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NewsTM Lewin ups profit as it tests click-and-collect
Shirtmaker TM Lewin has embarked on a click-and-collect trial, as it reports that operating profit grew 7% to £9m in the year to February 28.
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NewsLa Senza seeks new chairman as sales and profits improve
Lingerie retailer La Senza is back in the black and searching for a new chairman to help its future growth after sales and profits took an upward swing