All City & finance articles – Page 491
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NewsFindel appoints new chief executive
Findel has today appointed a new chief executive, Philip Maudsley, and announced that current chief Patrick Jolly will leave the home shopping group.
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NewsBest Buy Europe profits to be at top end of expectations
Carphone Warehouse expects its share of full-year net income from Best Buy Europe to be at the top end of expectations and said it is on track to open big box stores next spring.
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NewsHalfords first-half profits power on
Motoring and leisure group Halfords is confident of meeting full-year profit expectations after reporting a strong first half.
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NewsFundraising to help Topps Tiles expansion
Topps Tiles will use funds raised from a proposed placing of 17.1 million shares, equivalent to 10% of its existing capital, to refocus on UK expansion as consumer confidence returns to the home sector.
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NewsFood falls as Marc Bolland quits at Morrisons
Last week’s shock news that Morrisons chief executive Marc Bolland is leaving to head Marks & Spencer helped pull down the food sector relative to general retailers.
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NewsHobbyCraft on course for its ‘best ever year’
Arts and crafts retailer HobbyCraft is heading for its “best ever year” as the trend for low-cost family activities continues to grow.
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NewsRetail sales at Ted Baker rise as UK fares well
Retail sales at fashion retailer Ted Baker climbed 19.8% over the 13 weeks to November 14, as strong UK sales growth offset difficult trading in overseas markets.
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NewsCath Kidston seeks local partner to support expansion in Asia
Cath Kidston has begun a search for an investment partner with local expertise as it plans to ramp up international expansion.
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NewsTurnaround on horizon for Blacks after successful CVA
Blacks Leisure will focus on refreshing its portfolio after its company voluntary arrangement (CVA) was passed by landlords, shoring up its future.
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OpinionMorrisons after Marc Bolland
The high value attributed to Morrisons chief executive Marc Bolland was evident in the share price reaction when it emerged last week that he was jumping ship to Marks & Spencer. M&S jumped 6% on the news, while Morrisons was down 5%, and Bolland was dubbed the billion-dollar man.
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NewsDSGi sees signs of improvement as results beat forecasts
Electricals market leader DSGi, owner of the Currys and PC World chains, reported that sales trends have improved and posted a lower than expected interim loss.
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NewsAlexon like-for-likes slump 14%
Fashion group Alexon has reported a 14% slump in like-for-like sales for the 16 weeks to November 21 after its planned lower level of summer Sale activity affected footfall and sales.
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News
Cash Converters profits up after strong trading
Australian-owned pawnbroker and financial services group Cash Converters has upgraded its profit targets after a strong start to its financial year.
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NewsSports Direct appoints chairman
Sports Direct has appointed a non-executive chairman, Dr Keith Hellawell, to join its board.
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NewsTopps Tiles proposes share placing as profits fall
Topps Tiles has announced a proposed share placing as it reported adjusted full-year pre-tax profits of £16.3m, down from £29.5m the year before.
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NewsBlacks CVA approved
Blacks Leisure’s Company Voluntary Arrangement (CVA) has been approved by 98% of its landlords at a creditors meeting.
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NewsLehman Brothers collapse takes toll on Reiss
Fashion retailer Reiss has reported “creditable” earnings last year, when it suffered like other retailers in the aftermath of Lehman Brothers’ demise.
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NewsPrivate equity firms table first-round Matalan bids
Five private equity groups are understood to have tabled bids for value fashion group Matalan, which may be sold for as much as £1.5bn.
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NewsMothercare upbeat as profits jump
Mothercare chief executive Ben Gordon said it was in the “best shape” it has ever been in the run-up to Christmas as the mother and baby specialist revealed underlying profits up 15.4% in the 28 weeks to October 10.
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NewsMajestic Wine ‘optimistic’ as six-bottle initiative lifts sales
Wine specialist Majestic Wine is “optimistic” about Christmas trading after reporting a better than expected UK interim like-for-like sales rise.