All City & finance articles – Page 478
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NewsSports Direct considers upping offer on Blacks
Blacks Leisure has confirmed it received a letter from Sports Direct last week indicating that it would consider upping its offer for the outdoor chain.
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NewsNew product categories to drive growth at HMV
Entertainment group HMV is to extend the product offer at its eponymous music business and has set out a turnaround strategy for books chain Waterstone’s.
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NewsSupermarket profile key for thriving Co-op
The Co-operative Group is to focus on building its profile in the small supermarkets sector, after it revealed underlying group operating profit surged 20% to £473m in the year to January 2.
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NewsOcado to up geographical reach and range as it considers IPO
Home shopping group Ocado is to focus on increasing its range, geographical reach and services for customers this year as it mulls a post-election IPO.
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Budget draws mixed response from retail
About 100,000 small shops will have a year off business rates from October, Chancellor Alistair Darling revealed in this week’s Budget.
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NewsBlockbuster UK insists it has a future despite US struggles
The boss of the UK arm of embattled US DVD rentals chain Blockbuster has vowed that the retailer has a future and is not seeking to exit large swathes of its 638-store portfolio.
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NewsHalfords to exit loss-making European arm
Halfords expects to beat full-year profit forecasts and is exiting its loss-making European businesses.
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Investor appetite keen as SuperGroup floats
Shares in stock market debutant SuperGroup began trading on Wednesday, and as the markets were closing at the end of the first day, the price was up 8% to 540p.
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NewsTurnaround guru Ian Gray parachuted in to Abel & Cole
Upmarket food specialist Abel & Cole has parachuted in turnaround specialist Ian Gray as chairman and its founder has returned to run the business after the recession hit growth.
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NewsKingfisher full year profits surge 49%
DIY giant Kingfisher’s adjusted pre-tax profits surged 48.6% to £547m in the year to January 30 but the retailer remains cautious on the outlook.
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NewsClinton Cards profits soar after buying back Birthdays
Clinton Cards has reported a 28.8% increase in interim profits, on the back of group sales up 20.8%, driven by the re-acquisition of the Birthdays business.
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NewsSainsbury’s like-for-likes up 1.7% in Q4
Sainsbury’s like-for-likes rose 1.7% excluding fuel in the 11 weeks to March 20, which was in line with the retailer’s own expectations.
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NewsAlexon raises £20.3m to fund turnaround
Alexon Group has raised £20.3m via a capital raising to help speed its recovery.
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NewsHalfords to pull out of central Europe
Motor accessories specialist Halfords is to shut its fledgling central European business after recessionary conditions set back expansion opportunities.
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NewsCarpetright issues profit warning
Carpetright has issued a profit warning, citing the “pace of recovery seen towards the end of 2009 has not been sustained”.
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NewsNew Look board to consider fresh IPO bid
Fast-fashion chain New Look could resurrect its £1.7bn flotation plans when its board meets tomorrow to discuss market conditions.
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NewsSir Stuart Rose under fire over new pay package
Sir Stuart Rose faces yet more criticism as analysts and Marks & Spencer investors raised concerns over the salary he will receive when he moves to a non-executive position in July.
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NewsBlacks rejects Sports Direct bid
Blacks Leisure has rejected a takeover offer from Mike Ashley’s Sports Direct as “wholly inadequate”.
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NewsStores shares lifted as retail interest piqued
Stores shot ahead of the All-Share index as low valuations and vague talk of takeovers - such as potential private equity interest in Home Retail Group - prompted interest.
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OpinionGreen shoots have many sources
Word is the recession is over - and it’s not coming from stats, but consumers, says Lord Kirkham