All City & finance articles – Page 494
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News
Pawnbrokers continue to cash in with bigger profits
Pawnbrokers have continued to benefit from the downturn, results from H&T and Cash Converters indicated this week.
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NewsOcado shares continue to freefall
Ocado has suffered a disappointing first month of trading on the London Stock Exchange, with its shares losing 20.7% of their value.
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OpinionLike-for-like focus disturbs real picture
Forecasting the nature and shape of demand is always challenging because the consumer has, to a significant degree, the freedom to totally ignore supply if they want to.
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OpinionM&S’s online food for thought
Ocado’s share price since flotation and its ongoing attempt to become profitable will be of consuming interest to retail directors other than just the online grocer’s. Among them no doubt is Marks & Spencer chief executive Marc Bolland, who is gearing up to unveil his strategy this autumn.
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NewsH&T profits soar as retail sales rise
Pawnbroker H&T said that pre-tax profits soared 70.6% in the six months to June 30 with retail sales up 22% for the period to £8.6m.
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NewsSwannell to remain chairman of HMV
Robert Swannell will stay on as chairman of entertainment retailer HMV despite agreeing to take up the same position at Marks and Spencer next year.
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NewsSir Stuart Rose to stand down from Marks & Spencer in January, Robert Swannell confirmed as successor
Sir Stuart Rose will be succeeded by Robert Swannell as chairman of Marks & Spencer on January 4 next year.
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NewsNew Marks & Spencer chairman to get £500,000
Marks & Spencer’s new chairman could be paid around 40% less than current chairman Sir Stuart Rose according to reports.
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NewsRobert Swannell tipped to become chairman of Marks & Spencer
HMV chairman Robert Swannell is being tipped to take the same role at Marks & Spencer.
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OpinionRetail surgery: How much information do we need to share with potential investors and City analysts?
How much information do we need to share with potential investors and City analysts?
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NewsWhy big is beautiful for N Brown
Market research showing the rising number of plus-size consumers is good news for home shopping group N Brown, broker KBC Peel Hunt believes.
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NewsM&S food sales impress as it takes bigger bite of the market
Marks & Spencer delivered strong food sales growth in the late summer, when it benefited from both shoppers treating themselves during the holiday period and its branded food roll-out.
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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NewsMothercare undervalued despite poor UK showing
Panmure Gordon has initiated its coverage of nursery specialist Mothercare with a buy rating and a 600p price target.
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NewsOcado shares hit new low
Home shopping group Ocado’s shares hit a new low yesterday, and from today the stock can no longer be propped up by Goldman Sachs acting as a trading counterparty.
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NewsFlying Brands acquires online gardening business
Home shopping group Flying Brands has completed its acquisition of Garden Centre Online, it said today.
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NewsThree New Look directors step down as IPO prospects remain distant
Three of New Look’s non-executive directors have stood down it has emerged, indicating that an IPO of the fashion group is unlikely in the near future.
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NewsJJB Sports finance director to quit
JJB Sports finance director Lawrence Coppock has revealed he intends to leave the troubled retailer within the next 12 months.
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NewsTesco data firm to pay £17.5m dividend
Data firm Dunnhumby, which helped set up Tesco’s Clubcard, is to pay a £17.5m dividend to be shared between Tesco and the husband and wife team that founded the business.