All City & finance articles – Page 482
-
NewsFull-price purchases help Mulberry profits rocket
Luxury retailer Mulberry’s profits soared in its first half, when a higher proportion of sales were made at full retail price during the spring season and there was less reduced stock in the Sale.
-
NewsStakebuilders spot an opportunity in retail
Retail shares, like the temperature, dipped below zero as the big freeze was reflected in icy investor attitudes towards stores on fears that trading will suffer in the golden period.
-
NewsLaura Ashley sales rise despite snow
Furniture and fashion retailer Laura Ashley like-for-likes grew 2.7% in the 19 weeks to December 11.
-
NewsTesco poised to start search for new chairman
Tesco is preparing to start the search for a new chairman to replace David Reid.
-
NewsProfits jump at Zara-owner Inditex as its expansion pays off
Zara-owner Inditex net profit increased 42% to €1.2bn (£994m) in the nine months to October 31 across the fashion group, which also owns Massimo Dutti and Bershka.
-
NewsRussian tycoon Mamut increases HMV stake
Russian oligarch Alexander Mamut yesterday increased his holding in troubled entertainment retailer HMV.
-
NewsWickes sales grow as shoppers buy ahead of VAT rise
DIY chain Wickes like-for–likes grew 0.6% in the 47 weeks to November 27 with turnover up 2.7%.
-
NewsPPR scotches Burberry takeover talk
French luxury goods group PPR, the business behind brands including Gucci, Stella McCartney and Alexander McQueen, has quashed speculation that it intends to acquire British luxury retailer and brand Burberry.
-
NewsPhones4U deal likely to be valued below £700m
Private equity firm BC Partners is likely to pay less than the £700m anticipated for Phones4U by present owner Providence Equity Partners.
-
NewsDebenhams and Tesco top JP Morgan’s 2011 picks
Department store group Debenhams and leading grocer Tesco feature on broker JP Morgan Cazenove’s list of top stock picks for 2011, while fashion giant Next and supermarket group Sainsbury’s should be avoided.
-
NewsActivist investor won’t lead to Kesa break-up, chairman vows
Kesa chairman David Newlands has downplayed the suggestion that stakebulding by investor Knight Vinke indicates sweeping change is likely at the electricals group.
-
NewsTesco set for strong Christmas after better-than-expected sales
Tesco reported that consumer sentiment is improving as it posted better-than-expected UK like-for-likes.
-
NewsLombok turnaround puts it back into black
Furniture chain Lombok has bounced back into the black, after instigating a turnaround plan that saw it slash costs and shut stores.
-
AnalysisBoxing Day trading
With Boxing Day falling on a Sunday this year, trading hours will be shorter. What impact will this have on retailers in-store and online?
-
NewsN Brown’s US debut shows potential
N Brown’s entry into the US market could add 15% to 30% to the top line in the medium term, broker Panmure Gordon wrote after a meeting with management.
-
NewsKingfisher profits rise despite tough trading
Kingfisher’s third-quarter performance was well received by analysts despite a drop off at B&Q.
-
NewsTesco’s share growing but Morrisons falters
Tesco is back in the driving seat with aggressive promotions leading to a market share gain for the first time since May, while rival Morrisons’ share has slipped for the first time since 2007.
-
NewsRetail gets the thumbs up as it outperforms
Investors filled their shopping trolleys with general retail and food stocks alike. The former outperformed the market despite lacklustre BRC sales data for November but are still down year on year.
-
OpinionWhat goes up...
SuperGroup has been the retail sector’s share price superstar ever since it floated in March.
-
NewsRetailers ramp up promotions as weather hammers trade
Eye-catching promotions used earlier than planned as sales badly affected by snowy conditions