All City & finance articles – Page 475
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NewsSales slowdown at Primark sparks City retail sector fears
Value fashion powerhouse Primark sounded a warning that shoppers have been reluctant to open their purses since the start of the year, knocking City sentiment towards retailers.
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NewsHMV expected to consider an emergency rights issue
Disposal of Waterstone’s also a possibility following fourth profit warning by parent since last autumn
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OpinionM&S machine cranks into gear
Marks & Spencer’s appointment of Inditex’s Russian boss Jan Heere as international director, and the poaching of Laura Wade-Gery from Tesco as ecommerce supremo, should benefit the retailer in subtle as well as obvious ways.
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NewsIceland to pay £100m dividend
Frozen food specialist Iceland is expected to pay a dividend of £100m this year, its first for three years.
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NewsJJB may abandon ‘Serious about Sport’ tag
JJB Sports may drop its ‘Serious about Sport’ tagline as part of revival plans because of concerns that it is perceived as intimidating.
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NewsWHSmith steady after Swann sell-off
WHSmith chief executive Kate Swann last week sold a tranche of shares in the retailer.
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NewsSports Direct sales benefit from troubles at JJB
Sports Direct’s retail sales soared 13.8% during its third quarter as it continued to win market share at JJB Sports’ expense.
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NewsNew Dunelm boss maps out plan for expansion
Dunelm’s new chief executive Nick Wharton will focus on store roll-outs and multichannel operations as he seeks to further grow the business.
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NewsKingfisher and Wickes upbeat but cautious as results impress
Analysts were pleased by upbeat updates from DIY retailers Kingfisher and Wickes but remain cautious on the outlook for the sector.
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NewsCity lukewarm on the outlook for retail
As pressure continued to bear down on general retail stocks, Nomura and Espirito Santo issued notes assessing prospects.
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OpinionBest Buy beats a retreat
Many of the world’s biggest retail names have been humbled when, bolstered by strength in domestic markets, they are emboldened to venture overseas.
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NewsWickes gains market share despite flat like-for-likes
DIY chain Wickes like-for-likes remained flat in 2010, rising 0.2%, but current trading has improved.
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NewsJohn Lewis chief warns against interest rate rises
John Lewis managing director Andy Street has warned that a rise in interest rates would negatively impact consumer confidence.
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NewsPhones 4u sale process resurrected
Mobile phones retailer Phones 4u could be sold within weeks to private equity firm BC Partners after talks have been resurrected to buy the retailer, according to reports.
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NewsShareholders back troubled JJB Sports' £31.5m fundraising
Shareholders in troubled retailer JJB Sports have backed a £31.5m fundraising, taking the store group one step forward towards survival.
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NewsWHSmith chief Kate Swann sells 27% of her shares
WHSmith chief executive Kate Swann has sold a substantial proportion of her shares in the bookseller and stationer.
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NewsShare price soars at French Connection after stakebuilding
Fashion group French Connection’s shares rose sharply this week following stakebuilding by Standard Life.
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NewsBlacks forecasts slashed as Gillis announces departure
Broker FinnCap has cut its forecasts for outdoor specialist Blacks Leisure, which last week revealed chief executive Neil Gillis is leaving.
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NewsFindel to restructure in bid to lift performance
Home shopping group Findel aims to raise £80.5m via a rights issue and share placing as it plans to restructure its balance sheet and bids to improve performance.