All City & finance articles – Page 469
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NewsTough challenges that have to be faced by Tesco’s Philip Clarke
Tesco’s seamless succession planning has been lauded by the City as a success, but analysts warn that incoming chief executive Philip Clarke has a tough job ahead of him.
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Ideal Shopping Direct ‘could be bid target’
Ideal Shopping Direct could now be a possible bid target as the turnaround for the home shopping group gains traction, said Singer Capital analyst Matthew McEachran.
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WHSmith outperforms despite ash cloud impact
WHSmith said despite the volcanic ash cloud hitting sales as airport stores closed, its “financial position is in line with market expectations”.
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NewsIceland ditches celebrities in its ads
Frozen foods retailer Iceland is to launch its new ad campaign with an Iceland customer as its star, after reporting another record year this week.
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News99p Stores lays out plans to become ‘one-stop’ shop
99p Stores has revealed another bumper year of sales and profits as it lays out plans to become a “one-stop” convenience shop by ramping up its food offering.
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NewsKingfisher’s ‘self help’ drives 12% profit rise
Kingfisher chief executive Ian Cheshire has said its “self help” agenda has helped it achieve growth in a tough market as the DIY group posted a profit rise of 12% in the 13 weeks to May 1, slightly ahead of market consensus.
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NewsAsos seeks delivery partners and targets £1bn 5-year sales
Asos is stepping up its delivery options as it plans partnerships with high street stores where customers can pick up and return their Asos orders.
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NewsMothercare boss gets £6.5m
Mothercare chief executive Ben Gordon’s total remuneration package increased from £1.4m to £6.5m this year after a management incentive scheme paid out.
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NewsArgos like-for-like sales fall 8.1%
Sales at Argos fell 8.1% on a like-for-like basis for its first quarter to May 29 after a drop in TV and video gaming sales.
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NewsSainsbury’s chief Justin King paid £8m last year
Sainsbury’s paid its chief executive Justin King almost £8m last year, when the grocer reported its lowest sales growth in five years.
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NewsConfidence grows at Asos as profits soar 44%
Asos pre-tax profits soared 44% to £20.3m in the year to March 31, the online fashion retailer announced in its full year update.
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NewsWHSmith sales hit by volcanic ash cloud
WHSmith said its like-for-like sales decline was worsened by the affect of the volcanic ash cloud, as it revealed it has hired Walker Boyd as its non-executive chairman.
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NewsApple grows UK retail sales by nearly a third
Apple UK saw retail sales grow by 31% to £272m for the year to September 26 2009 from £207m in 2008, according to documents filed at Companies House.
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NewsFootlocker bid speculation drives shares at JJB Sports
Shares surged in JJB Sports yesterday after speculation that US sports footwear giant Footlocker could make a play for the sportswear retailer.
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NewsLaura Ashley to hit full year expectations as sales grow
Laura Ashley has said that full year trading will be in line with expectations as it revealed a like-for-like sales hike of 5.3% in the 17 weeks to May 29.
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NewsSir Ken Morrison: ‘Marc Bolland was no retailer’
Morrisons founder Sir Ken Morrison has launched a scathing attack on Marc Bolland, the grocer’s former chief executive who jumped ship to lead Marks & Spencer.
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NewsJulian Graves on track to make profit
Holland & Barrett Group has vowed that its Julian Graves chain will be profitable in the 2010/11 financial year as it gears up to revitalise the business.
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JJB to expand own-brand and increase tie-ins in recovery bid
JJB Sports reported that growth in own-brand goods and more exclusive tie-ups with other brands will help bring customers back into stores and improve margins as it battles to turn around after suffering heavy losses.
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NewsWHSmith could be hit by ash fallout
Bookseller and stationer WHSmith will be reporting on the 14 weeks to June 5 in its interim management statement on Tuesday.