All City & finance articles – Page 481
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NewsIPO to value SuperGroup at £395m
Fashion retailer SuperGroup is expected to reveal this week an IPO share price of 500p, valuing the business at £395m.
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NewsBlacks poised to seek deadline for Ashley bid
Blacks Leisure is likely to ask the Takeover Panel to issue a ‘put up or shut up’ notice to tycoon Mike Ashley’s Sports Direct following the latter’s disclosure that it is considering a takeover of its rival.
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Interest in Tesco shares strong
US investor Warren Buffett raised his stake in Tesco to 3% this week, prompting a 3.2% rise in the grocer’s share price to 433p on Monday.
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Dunelm eyes expansion as profit and sales impress City
Dunelm’s pre-tax profits rocketed 69.3% to £46.2m in the 26 weeks to January 2 and the retailer is to double the size of its warehouse to support future expansion.
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OpinionBlacks’ uphill struggle
Blacks chief executive Neil Gillis must feel like a mountain walker approaching the summit only to find there’s a steep rock face still to climb.
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Game to shrink portfolio amid tough trading
Entertainment retailer Game is to shut 18 stores and all of its 25 Debenhams concessions as it reviews its property portfolio in the face of “tough market conditions in 2010”.
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NewsCity sees opportunity as shares fall again
General retailers had another poor week and have lost about 10% of their value this year.
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NewsRWC2010: Retail poised for period of M&A activity, says Debenhams chief
Debenhams chief executive Rob Templeman has said the sector is poised for a period of mergers and acquisitions as the recovery gains momentum.
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NewsH&M proposes stock split
H&M will propose a stock split at its annual general meeting, whereby each of its existing shares will be divided into two new shares to dilute its share price and give its customers more opportunity invest in the retailer.
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NewsSports Direct mulls bid for Blacks
Sports Direct is considering making a bid for Blacks Leisure after blocking its proposed fundraising plans.
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NewsSuperGroup ‘oversubscribed’ as IPO bookbuilding ends
Fashion retailer SuperGroup expects to close its IPO bookbuilding within 24 hours and the offer is likely to be oversubscribed, Retail Week has learned.
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NewsWHSmith eyes Hughes & Hughes assets
WHSmith is reported to be considering a bid for the assets of Irish book chain Hughes & Hughes which collapsed last week.
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NewsIndicative bids for HobbyCraft to be submitted today
First round offers are due today for specialist retailer HobbyCraft, which is being sold by the founding Haskins family.
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NewsSupergroup presses ahead with float despite mixed feedback on pricing
SuperGroup has expressed commitment to a flotation on the London Stock Exchange despite concerns over pricing.
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OpinionRetail's political struggle
The general election, already in full swing though yet to be declared, has been unsettling retail sector investors all year.
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Toys R Us in IPO talks
The private-equity owners of Toys R Us are in talks with investment banks about the possibility of underwriting an initial public offering this summer, the New York Post reported.It is understood Bain Capital, KKR and Vornado Realty Trust are talking with banks including Goldman Sachs, Deutsche Bank and JPMorgan Chase. ...
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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NewsLombok eyes growth as sales start to revive
Lombok has recorded like-for-like sales up “single digits” since the start of 2010, after being bought out of pre-pack administration last year.
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NewsPrimark sales outpace expectations in first half
Primark reported first-half like-for-like sales growth of 8%, coming in ahead of the expectations of parent company Associated British Foods (ABF).
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AnalysisJulian Dunkerton: from market stall to stock market
On the verge of a £400m float, SuperGroup has proved a fashion triumph. That’s no surprise given co-founder Julian Dunkerton’s eye for a winning brand, says Lisa Berwin