All City & finance articles – Page 486
-
NewsTheo Fennell nears return to black as losses narrow
Upmarket jeweller Theo Fennell narrowed its losses in the first half and analysts expect it to bounce back into the black by the end of the financial year.
-
NewsM&S and JS profits fail to boost retail shares
Food and general retailers both underperformed the market, despite profit advances reported by Marks & Spencer and Sainsbury’s.
-
NewsCarphone on song thanks to US mobile venture
Analysts upgraded their Carphone Warehouse forecasts after a powerful first-half performance from US venture Best Buy Mobile.
-
NewsIkea slashes prices in chase for market share
Furniture giant Ikea UK & Ireland is to focus on growing turnover and market share at the expense of profits as it navigates its way through a challenging big-ticket market.
-
NewsRising cotton prices threaten Primark’s hard-won margins
Value fashion giant Primark improved operating margins from 10.9% to 12.5% last year but has warned that they may shrink again as cotton prices soar.
-
NewsRose sells shares as Bolland outlines vision
Marks & Spencer chairman Sir Stuart Rose sold 100,000 of his shares in the retailer yesterday – the day his successor Marc Bolland set out his vision for the business.
-
NewsAmerican Apparel reports further losses in third quarter
Struggling US fashion chain American Apparel like-for-likes dropped 16% over the third quarter to September 30.
-
NewsRussian oligarch buys 3% stake in HMV
Russian tycoon Alexander Mamut has taken a stake in entertainment group HMV, it has emerged.
-
NewsSupergroup Q2 sales surge 68.4%
Supergroup, the owner of trendy fashion brand Superdry, experienced a 68.4% surge in group total sales to £57.5m in the three months to October 31.
-
NewsTheo Fennell losses narrow in first half
Upmarket jeweller Theo Fennell narrowed its losses from £1m to £877,330 in the six months to September 30.
-
NewsBolland plans clearout of brands as M&S profits rise
Marks & Spencer is to rationalise its clothing sub-brands and reduce the number of branded foods stocked as new chief executive Marc Bolland refocuses the business around the core M&S brand.
-
NewsApple director joins Kingfisher board
Kingfisher has appointed a boss of trendy technology firm Apple to its board in a non-executive capacity.
-
NewsM&S on track to hit £500m online sales over Christmas
Shop Your Way initiative helps retailer to meet target three months ahead of year-end schedule
-
NewsAlworths continues to grow after first year
Alworths, the variety store that sprung from the ashes of Woolworths, enjoyed a record week last week as it hits its first year anniversary today.
-
NewsNew stores aid TJ Hughes’s profit rise
Discount department store chain TJ Hughes posted a pre-tax profit hike of 22% to £6.8m for the year to January 30, compared with £5.3m the previous year, driven by store openings and growth in online sales.
-
NewsAnalyst warns on clothing margin pressures
Clothing margins are likely to come under pressure next year Investec fears and the broker has reappraised its stance on fashion groups as a result.
-
NewsAsos launches French and German websites
Online fashion specialist Asos launched dedicated transactional websites serving France and Germany last week.
-
NewsCable backs retail sector as key to economic recovery
Business secretary Vince Cable outlined the importance of the retail sector this week, stating “retail is critical to the country’s recovery and something I greatly value”.
-
OpinionRetail surgery: Can I suggest a debt-for-equity swap to our bank or would that only work for larger companies?
My retail business has accumulated a fair amount of debt recently and it is becoming unmanageable. Can I suggest a debt-for-equity swap to our bank or would that only work for larger companies?
-
NewsBoots banks on its gift ranges to secure Christmas market share
Alliance Boots expects its “strong fun gifts” range to lift sales this Christmas and is confident of grabbing market share in the festive period.