All City & finance articles – Page 481
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NewsBill Gates rides to JJB Sports' rescue as Clare stands down
JJB Sports has this morning disclosed details of a £31.5m cash call, boardroom changes and a further sales slump.
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NewsJJB Sports to launch £30m fundraising
Sports specialist JJB Sports is to stage a £30m fundraising and make boardroom changes, it is understood.
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NewsTesco buys 128 stores in Czech Republic for £34.3m
Tesco has acquired 128 convenience stores in the Czech Republic for 1.02bn koruna (£34.3m), bolstering its operations in central Europe.
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NewsDFS reports first quarter earnings flat at £15.2m
DFS, the specialist sofas retailer owned by private equity firm Advent, has posted flat earnings in its first quarter.
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NewsSale of Phones4U falls through
Private equity group Providence has pulled the sale of mobiles specialist Phones4U after turbulent debt markets undermined a deal.
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NewsSnow fears unjustified, broker Arden argues
Concerns about the impact of snow on retailers’ Christmas performance look overdone, Arden analyst Nick Bubb believes.
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NewsKidswear etailer AlexandAlexa to expand overseas after £1.5m investment
Venture capital firm MMC Ventures has invested £1.5m in luxury childrenswear etailer AlexandAlexa which will be used to drive international expansion.
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NewsDixons, Home Retail and HMV among most at risk from snow disruption
Electricals group Dixons, Argos-owner Home Retail Group and entertainment specialist HMV are among the retailers most likely to be affected by snow and icy conditions broker Numis believes.
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NewsReiss' recession initiatives boost EBITDA
Reiss said its sub-brand launch 1971 Reiss and its revamped website helped UK EBITDA to rise 7% to £9.1m for the year to January 31 2010.
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NewsBurberry's Angela Ahrendts awarded £5.6m in shares
Angela Ahrendts, chief executive of luxury British retailer and brand Burberry, has been awarded £5.6m of bonus shares.
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NewsTesco's Higginson sells £1m of shares
Tesco boss Andrew Higginson has offloaded a tranche of shares in the top grocer.
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NewsHMV cautious over Christmas trade after poor interim results
HMV disappointed the City last week with worse-than-expected interim results and cautious comments about the crucial Christmas trading period after snow hit sales.
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NewsBig-ticket retailers race to start Sales before the VAT rise hits
DIY and furniture retailers confident about early start to January Sales but cautious about early 2011
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NewsSales and margins up at Moss Bros
Menswear group Moss Bros reported sales and margins were up as chief executive Brian Brick’s improvement programme for the retailer continued.
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NewsMothercare to capitalise on overseas promise
Maternity specialist Mothercare aims to double its international sales by 2014 as its UK business continues to find the going tough.
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NewsChristmas on ice
High street could benefit at the expense of out-of-town shops if the bad weather continues
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NewsJessops on course to make EBITDA profit
Camera specialist Jessops expects to make an EBITDA profit in the year to January 2, after making a £41m loss last year. The retailer has also bolstered its management team as it gears up for growth.
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OpinionNo trolley dash for retail
Many retailers have weathered the trading storms well post credit crunch but their efforts have frequently not been matched by investor enthusiasm.
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NewsSuperGroup shares hit by margin fears
Julian Dunkerton, chief executive of fashion retailer SuperGroup, has played down the impact of rising cotton prices after its shares plummeted by about 15% on Wednesday despite posting an 86.4% hike in pre-tax profits to £14.6m for the first half of the year.
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NewsHampers group Park makes first-half profit
Half-year sales at hampers and Christmas savings specialist Park Group rocketed as hard-pressed consumers increasingly put money aside for the festive period.