All City & finance articles – Page 487
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OpinionSelling up will be no easy task in 2010
Private buyers will be hampered by not being able to take on the levels of borrowing they did before the banking crisis
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NewsJessops plc shareholders vote to wind up company
Jessops plc shareholders have voted to voluntarily wind up the company after the Jessops store business was sold to new company Snap Equity in September.
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NewsConsumer Price Index jumps to 2.9%
The Consumer Price Index reached 2.9% in December, up from 1.9% in November, according to the Office for National Statistics.
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NewsPets at Home posts 6.7% Christmas sales rise
Pets at Home, the specialist retailer considering a sale or float, has posted 6.7% like-for-like sales growth over Christmas.
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OpinionTough lessons to learn
If nothing else 2009 showed why credit insurance is a waste and bonuses aren’t.
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NewsCity freezes out retail despite solid results
Despite many retailers delivering impressive Christmas performances, store stocks - other than the grocers’ - were in deep freeze in a flat market.
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NewsDunelm and Topps Tiles stay cautious despite sales jump
The homewares and home improvement market got a qualified vote of confidence as value homewares group Dunelm posted strong Christmas trading and flooring specialist Topps Tiles reported that its financial year had started well.
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OpinionTesco likely to stay on buy lists
Despite some gloomy portents before Christmas and some lacklustre trading weeks in the run-up to the big event, the festive season lived up to its name for many store groups.
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NewsAlexon like-for-like sales drop 14.3%
Alexon Group blamed poor weather on a like-for-like sales fall of 14.3% in the 23 weeks to January 9.
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NewsMoss Bros finance director to step down
Moss Bros group finance director Michael Hitchcock will step down from the formal menswear retailer, it said today.
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NewsHalfords profits to be at top end of forecasts
Motor accessories, cycling and leisure group Halfords will generate full-year profits at the upper end of forecasts ranging between £105m and £112m.
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NewsWaterstone’s boss exits after sales plunge
Entertainment group HMV has parted company with Gerry Johnson, managing director of its Waterstone’s books chain which suffered poor Christmas sales.
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NewsHome Retail Group profits to beat expectations
Argos owner Home Retail Group expects full-year profit to come in £20m ahead of City forecasts at £285m after Christmas trading exceeded management expectations.
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NewsChristmas sales soar at Matalan
Value fashion and homewares group Matalan has hailed an “impressive” Christmas performance and expects continued growth.
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NewsTopps Tiles signals return of consumer confidence after strong first quarter
Topps Tiles said that its current financial year has started well with like-for-like sales in the UK up 5.5% in the 14 weeks to January 3.
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NewsDunelm cautious despite strong first half
Value homewares group Dunelm has posted strong Christmas trading but warned of toughening conditions to come.
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NewsRetail sales growth in December hits a four year high
UK retail sales growth in December grew 4.2% on a like-for-like basis, making it the best December retailers have experienced in four years.
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsBlacks Leisure mulls equity issue as sales start to improve
Blacks Leisure is considering an equity fundraising of between £15m and £20m as sales in its second half began to improve on the back of its restructuring.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.