All City & finance articles – Page 480
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NewsSuperGroup confirms IPO details
Young fashion retailer SuperGroup has given the green light to its stock market listing and confirmed that it expects to achieve an IPO valuation of £395m.
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OpinionRetailers need more friends in Westminster
Nobody doubts hard political choices will have to be made to cope with the costs of the banking crisis and recession, but VAT on food should not be among them.
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OpinionGrocers to target smaller footprint stores for growth
With 2009 annual results flooding in, the overriding opinion of last year is that it was one when retailers cut back on expenditure and scaled back store openings. The outlook now is for conservative store growth through smaller footprint stores.
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OpinionCan value endure in good times?
We should not see the development of the value sector as a recessionary or “cyclical” phenomenon.
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News
DSGi update may lead to shares uplift
Next Friday could be a catalyst for the shares of DSGi, when it will host a strategy day at its Currys Megastore in Thurrock, Essex.
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NewsLosses widen at Jysk despite strong sales
Danish furniture retailer Jysk’s UK operation has reported strong sales in its full-year accounts, although losses widened as start-up costs hit its bottom line.
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NewsM&S well placed to convert top-up shoppers and lift profits
Marks & Spencer could add as much as £35m to gross profits by persuading occasional food shoppers to purchase more often, research by broker Oriel suggests.
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NewsSuperGroup close to IPO target despite City jitters
SuperGroup was expected to achieve an IPO valuation of £395m as Retail Week went to press.
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NewsFlowers direct chief moves to Shop Direct
Shop Direct has appointed Jonathan Wall, chief executive of online florist Flowersdirect.co.uk, as its new ecommerce director.
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News
Encouraging BRC data helps lift retail shares
A rally late last week and evidence from the BRC February sales data that non-food sales recovered after January’s snow hit helped general retailers rise above the All-Share index.
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NewsArnotts enlists help
Irish department store Arnotts’ banks have drafted in a team of specialists including former Brown Thomas chief executive Nigel Blow to identify growth opportunities at the troubled business.
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NewsBroker unconvinced by Alexon’s fundraising
Womenswear specialist Alexon has unveiled plans to raise £20.3m to accelerate its turnaround.
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NewsLiberty to be snapped up in £40m deal with BlueGem’s Marco Capello
Marco Capello, the former managing director of Merrill Lynch Global Private Equity, is poised to buy the Liberty business via his investment fund BlueGem Capital Partners.
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AnalysisRetailers must make their own luck in 2010
There won’t be a double-dip recession, Retail Week Conference delegates heard, but this year will be bumpy.
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NewsFat Face owner injects new capital to secure future growth
Fat Face owner Bridgepoint has injected £8.5m into the business to help the retailer’s expansion plans, it has emerged.
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NewsSuperGroup to expand and launch marketing campaign after IPO
SuperGroup will use the £125m the expected float will raise to open 20 stores and launch a marketing campaign, founder Julian Dunkerton said.
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NewsHobbyCraft picks six suitors for second-round bids
Arts and Crafts retailer HobbyCraft has narrowed its list of suitors to six bidders.
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NewsCard Factory founders set to rake in £400m
Card Factory has received bids for the business from several private equity groups that could result in the founders taking home a £400m windfall.
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NewsBlacks Leisure starts store expansion
Blacks Leisure has begun a store rollout programme which it said is the next phase in the company’s turnaround plan.
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NewsMatalan founder to pay himself £250m dividend
Matalan founder John Hargreaves is set to pay himself a £250m dividend as part of refinancing plans at the value chain.