All City & finance articles – Page 494
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NewsM&S posts flat first-half profits
Marks & Spencer reported a “good start” to its third quarter but is “cautious” about Christmas prospects after posting flat interim profits.
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NewsAlliance Boots revenue up 11.6%
Health and beauty group Alliance Boots has reported revenue up 11.6% to £9bn for the six months to September 30 and said it is well positioned for the second half including the key Christmas trading period.
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NewsDunelm like-for-likes rise 15.1%
Value homewares retailer Dunelm has delivered a better-than-expected performance in the first 17 weeks on the new financial year, as like-for-likes jumped 15.1%.
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NewsBlacks looks to exit 89 stores with CVA proposal
Blacks Leisure has unveiled details of a proposed company voluntary arrangement (CVA) as part the group’s restructuring.
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NewsInstore narrows losses and delists from stock exchange
Value retailer Instore has narrowed its pre-tax losses in its first half as it reveals it is to delist from the stock exchange.
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NewsWeak retail sales data hits non-food shares
Uncertainty about prospects was sparked by cautious comments from Arcadia tycoon Sir Philip Green as he unveiled full-year results, even though the CBI’s monthly retail survey was better than expected.
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NewsSales leap helps Carpetright exceed forecasts
Carpetright has revealed a better than expected first half after an improvement in the second quarter.
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NewsJD Sports in frame to buy football centres business
Speculation is circulating that JD Sports Fashion is planning to gatecrash a £42.5m takeover of five-a-side football chain Powerleague, where rival retailer Sports Direct’s acting chairman Simon Bentley is a director.
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NewsSports Direct to battle on for stakes
Sports Direct has vowed to fight on for ownership of stakes in rival retailers after apparently losing control of them to the administrator of collapsed Icelandic bank Kaupthing.
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NewsCath Kidston offers signal new appetite for deals
Homewares and fashion specialist Cath Kidston – the trendy brand viewed as the Laura Ashley of the noughties – is understood to have received a number of unsolicited approaches from potential buyers.
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NewsDebenhams to restart store revamps after sales stabilise
Debenhams is to resume its store refurbishment programme after revealing sales stabilised last year.
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OpinionIs Matalan really worth £1.5bn?
Would you buy a business from John Hargreaves? For the sake of clarity, that’s as much a compliment to him as it is a caution to others.
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NewsThreshers owner First Quench Retailing goes into administration
Threshers owner First Quench Retailing has plunged into administration.
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NewsInvestors buy into £100m JJB Sports fundraising
JJB Sports has reported that its £100m fundraising has been successful, putting the embattled business on a firmer financial footing.
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NewsBlacks focuses on restructuring as losses mount
Outdoors specialist Blacks Leisure has suffered a steep decline in first-half profits but said it is making progress with restructuring, details of which are being finalised.
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NewsCarpetright delivers better than expected first half
Carpetright like-for-like sales in the UK and Ireland increased 3.5% in the 25 weeks to October 24 after an improvement in the second quarter.
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NewsTPG nets £500m from Debenhams exit
Private equity group TPG has cashed in its remaining stake in Debenhams, the department store group whose buy-out it funded in 2003.
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NewsThreshers owner on the brink of administration
Threshers owner First Quench is on the brink of going into administration, Retail Week has learned.
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NewsSports Direct loses stakes in rivals
Sports Direct has lost its stakes in rivals JD Sports Fashion and Blacks Leisure as the administrator of collapsed Icelandic bank Kaupthing took control of the holdings.
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NewsFloors-2-Go seeks new investment to fund expansion
Floors-2-Go is close to securing new investment, and is thought to be looking to acquire up to £5m to fund expansion.