All City & finance articles – Page 466
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NewsJJB prioritises preserving cash margins as turnaround begins
JJB Sports is to focus on protecting its margins this year as it seeks to stem its losses.
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NewsDixons to drive profit through its Knowhow service division
Electricals group Dixons could add “tens of millions” to profits with a push into services through its Knowhow division, group chief executive John Browett believes.
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NewsJJB Sports chairman warns turnaround will take up to five years as losses triple
JJB Sports chairman Mike McTighe has warned its turnaround will take up to five years as its losses before tax almost tripled to £181.4m in its full year to January 30.
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NewsAmerican Golf like-for-likes rocket as warm weather drives sales
Golf equipment specialist American Golf like-for-likes have soared as the warm weather drives sales.
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NewsHalfords Autocentres report improved sales
Bikes and car parts retailer Halfords has revealed trading in its Autocentres has improved as it takes analysts of a tour of its centres in the Birmingham area.
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NewsHMV sells Waterstone's for £53m
Russian tycoon Alexander Mamut is to buy bookseller Waterstone’s from entertainment group HMV for £53m in cash and has drafted in Daunt Books founder James Daunt to run the business.
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NewsClinton suffers but store revamps encourage City
Clinton Cards’ like-for-likes dropped 3% in the 40 weeks to May 8, slightly worse than the 2.7% drop recorded in its first half.
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NewsSuperGroup loses lustre despite growing sales
Fashion retailer SuperGroup spooked the market with signs of slowing growth at its retail division, though total sales continued to soar.
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News
Ocado’s great expectations
Having risen as high as 290p over the last year, online grocer Ocado’s shares have slid down to 200p.
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NewsSainsbury’s faces margin worries
Following last week’s annual results from Sainsbury’s, broker MF Global said it is concerned that the grocer’s operating margin is benefiting more from lower depreciation, lease and staff costs than productivity on higher sales growth.
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NewsStores in the spotlight as sale talk heightens
Retailers provided some of the biggest talking points of the week as fevered speculation swirled about the future of some of the industry’s biggest names including Comet, HMV and Signet.
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AnalysisHas Superdry peaked?
Following its IPO SuperGroup has outperformed the market, but recently some not-so-impressive figures suggest the bubble might have burst. Is this the case or is the City overreacting?
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NewsFounding family trust sells 1.5m Sainsbury's shares
Members of Sainsbury’s founding family yesterday sold 1.5m of their shares in the grocer, netting almost £5.3m.
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NewsMoss Bros like-for-likes up 8.2%
Menswear retailer Moss Bros like-for-likes jumped 8.2% in the 15 weeks to May 14, despite being up against tough comparatives this time last year.
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NewsMothercare to close a quarter of its UK stores as profits slump
Mothercare is to close 110 UK stores and renegotiate rents on a further 40 stores in over the next two years.
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NewsTopps Tiles appoints non exec Michael Jack as chairman
Topps Tiles has appointed former MP and non executive director Michael Jack as chairman.
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NewsJJB appoints former Safeway director Lawrence Christensen to its board
JJB Sports has appointed former Safeway director Lawrence Christensen CBE as non-executive director.
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NewsPotential acquisitions raise share price for WHSmith
Speculation that WHSmith is considering acquisitions prompted a share price rise, after boss Kate Swann toured the City to meet investors following better than expected interim results last month.
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NewsBrokers urge caution as retailers beat the market
Store stocks strongly outperformed the All-share index as the latest BRC data showed a sales surge in April, when grocers and some general retailers benefited from sunny weather and bank holidays.