All City & finance articles – Page 467
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OpinionCheshire’s grinning
The demise of Focus, pancaked under a pile of debt, brings long-expected consolidation in the DIY sector and a big beneficiary will be Kingfisher.
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NewsMorrisons' Pennycook gets £1.25m sweetener
Morrisons has gifted finance director Richard Pennycook £1.25m in shares to encourage him to stay at the grocer.
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NewsTesco appoints Barclays' Sir Richard Broadbent as chairman
Tesco has appointed Barclays deputy chairman Sir Richard Broadbent as chairman as David Reid stands down.
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NewsOcado first half EBITDA up as sales growth slows
Online grocer Ocado said it is “encouraged by the progress of the business so far this year” as it revealed that EBITDA is expected to grow 12% in its first half.
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NewsN Brown full year profits rise 5.5%
N Brown’s full-year pre-tax profit rose by 5.5% and the home shopping retailer said it will open bricks and mortar stores for its Simply Be brand this year.
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NewsHarvey Nichols owner eyes Aurum
Harvey Nichols owner Dickson Poon is eyeing a takeover of jewellery group Aurum, it has been reported.
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NewsHMV nears Canada sale but Waterstone's talks stall
Struggling entertainment retailer HMV is close to selling its Canadian arm but negotiations to sell its book chain Waterstone’s have stalled.
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NewsWickes grows market share as like-for-likes rise 1.9%
Wickes like-for-likes increased 1.9% in the 17 weeks to April 30.
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NewsJJB shareholder takes role on its board
The director of one of JJB’s largest shareholders has been appointed to the sportswear retailer’s board.
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NewsOverseas helps Clarks profits to break £100m
Clarks’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.
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NewsAbsorbing price rises will cost Primark £20m
Analysts forecast that Primark could take a hit of up to £20m on profit margins this year as it absorbs input price rises to continue to offer its cheap chic fashion.
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NewsRivals circle Focus stores after its collapse into administration
4,000 jobs in the balance as struggling DIY retailer calls in Ernst & Young after defaulting on loan.
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NewsAlexon back in the black as turnaround plan bears fruit
Fashion group Alexon has returned to full-year profitability as a result of successful restructuring agreements on loss-making shop leases and more focus on cutting operating costs.
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NewsNew categories overtake media products as Amazon diversifies
Amazon is gunning to grab share outside its core product categories as international sales in its non-media division overtook media for the first time.
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NewsBlacks banking on new ranges to return to profit
Outdoor clothing and equipment group Blacks intends to boost sales through new product categories as it bids to restore profitability.
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NewsCity expecting better news from retailers
A downbeat assessment of retail conditions from the CBI on Tuesday unsettled investors but just a day later fashion bellwether Next posted a better than expected first quarter, helped by warm weather.
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NewsCalls for new Comet boss Darke to shake things up
Electricals retailer Comet’s new managing director Bob Darke needs to bring a completely fresh approach if he hopes to turn the business around, observers believe.
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Opinion
N Brown overlooked
While the etail era has made online outfitter Asos a share price star, another retailer well placed to benefit from changing shopper habits has been overlooked.
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NewsWolfson remains cautious despite strong performance from Next
Next chief executive Lord Wolfson remained cautious this week despite reporting better than expected sales, warning that any rises in commodity prices or interest rates could slow growth.
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AnalysisReasons to be cheerful
The bank holiday festivities are over and it is back to the grind of tough trading and ferocious competition. But it’s not all doom and gloom for the industry. Here we highlight why there is plenty of reason for optimism…