All City & finance articles – Page 480
-
NewsRussian oligarch Mamut increases his stake in HMV
Russian oligarch Alexander Mamut has increased his stake in HMV again, to more than 6%.
-
NewsDunelm's Christmas like-for-likes slide
Dunelm Group has reported a like-for-like sales fall of 4.2% in its second quarter over the Christmas period, resulting in a like-for-like dip of 1.2% for its first half.
-
NewsKingfisher launches tender offer for £100m of notes
International DIY group Kingfisher is to cut debt and improve its return on cash by purchasing up to £100m of loan notes from holders.
-
NewsHouse of Fraser enjoys record Christmas
House of Fraser has posted a record Christmas with like-for-like sales increasing 8.5% in the five weeks to January 8, despite last month’s snow.
-
NewsDebenhams like-for-likes slow, market share up
Debenhams has revealed that like-for-like sales at the department store chain were impacted by the snow in December but added that it had notched up market share gains across the board.
-
NewsTesco acquires 128 Czech Republic stores for £35m
Tesco has strengthened its central European operations with the acquisition of 128 convenience stores in the Czech Republic for CZK1.02bn koruna (£35.1m).
-
NewsLosses fall at Jysk as turnover soars 20%
Danish furniture retailer Jysk has increased sales in a difficult market while shaving a third off its losses.
-
NewsBrokers tip share price stars as 2011 set to be a tough one
Kingfisher, Marks & Spencer, Dixons Retail and Dunelm are among brokers’ retail stock picks for 2011.
-
AnalysisConsumer confidence in 2011
Public sector job cuts, the VAT rise and possible interest rate hikes mean consumer confidence will remain jittery this year, but Easter could be retail’s reprieve
-
NewsBlacks sale decision likely after strong Christmas
A decision on the potential sale of Blacks Leisure is likely to be made within weeks after the outdoor specialist beat the big freeze to post a strong seasonal performance.
-
NewsWeather forces Alexon profit warning
Womenswear group Alexon issued a profit warning before Christmas after its three peak weeks were wiped out by icy weather.
-
NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.
-
NewsRyman sales and profits rise despite ‘tough year’
Stationery specialist Ryman generated sales and profits growth last year but cautioned 2011 will be challenging.
-
OpinionTesco is still the food retail star
Predictably the new year not only started with the VAT rise but also with a pledge from Tesco to save customers money by slashing prices.
-
NewsA tough start to the year for retail shares
General retail stocks began the year in deep freeze as the reporting season got under way.
-
AnalysisRetail resolutions for 2011
All the signs are that 2011 will be a tough year for retail, so how can businesses prepare? Charlotte Hardie and Rebecca Thomson report
-
NewsBestseller increases its stake in Asos
Danish fashion group and investor Bestseller has increased its stake in fashion etailer Asos.
-
NewsHMV to shut 60 stores as it issues profit warning
HMV has outlined plans to shut 60 of its HMV and Waterstone’s stores in the next 12 months as sales have continued to fall over the Christmas trading period and the retailer warned on profits.
-
NewsJJB to ask shareholders for further £50m
Troubled sports chain JJB Sports is expected to ask investors for a further £50m following the £31.5m promised before Christmas, according to reports over the weekend.
-
NewsITV man to be HMV FD
HMV Group has appointed David Wolffe, the finance director of ITV Studios, as its new finance director