All City & finance articles – Page 496
-
NewsJJB shareholder sells 22 million shares ahead of capital raising
One of JJB Sport’s largest shareholders, Crystal Amber Fund, has sold over half of its shares in the retailer but says it will support its proposed capital raising.
-
NewsMothercare signs new joint venture to further growth in India
Mothercare has signed a new joint venture with DLF Brands to further its expansion plans in India.
-
NewsClinton Cards reports improvement in second half
Clinton Cards has reported a marked improvement in second half like-for-like sales after reducing borrowings and ditching its loss-making Birthdays business.
-
NewsHalfords to increase its online-only range
Halfords is to ramp up its online operations and revealed a 2.2% uplift in second-quarter sales.
-
OpinionFloats need proper preparation
A float is not an end in itself but a new beginning, which brings with it a variety of unaccustomed challenges, disciplines and temptations.
-
OpinionDSGi has everything to play for
While DSGi chief executive John Browett has been busy renewing and transforming his business, the electricals market is also changing around him and the pace shows no sign of slowing.
-
News
Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
-
NewsSolid performance in UK helps put Ted Baker on track
Ted Baker performed ahead of expectations in its first half, with a strong UK performance offset by dire trading conditions in the US.
-
OpinionM&S ‘audition’ leaves questions not answers
If this week’s Marks & Spencer investor day was intended to allow the internal candidates for the chief executive’s job to show their mettle, it was a gamble that backfired spectacularly.
-
NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
-
NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
-
NewsSainsbury’s shares rise amid bid rumours
Sainsbury’s shares have risen by as much as 20% amid speculation that the Qatari Investment Authority was planning a renewed offer for the grocer.
-
NewsFlying Brands raises £1.76m in share placing
Flying Brands has raised £1.76m in a share placing to repay part of its outstanding debt.
-
NewsWHSmith profits up, but sales slip slightly
WHSmith has reported group pre-tax profit has increased to £81m in its full-year results from £76m the previous year but sales have dipped slightly.
-
NewsMothercare reports UK like-for-likes up 4.1%
Mothercare has reported UK like-for-like sales up 4.1% in its first half and remains “confident” for the rest of the year.
-
NewsStrong retail sales for Burberry
Burberry’s revenue rose 6% year-on-year for the six months to September 30 to £572m, boosted by solid retail sales and a particularly strong performance from the UK and Korea.
-
NewsSerious Organised Crime Agency probes former JJB Sports executives
Former JJB Sports executives are facing the scrutiny of the Serious Organised Crime Agency and HM Revenue, piling more pressure on the sports retailer that is already under investigation by the Office of Fair Trading and the Serious Fraud Office.
-
NewsN Brown pre-tax profits up 13%
Pre-tax profits at home shopping group N Brown grew 13% to £41.8m in the 26 weeks to August 29.
-
NewsM&S reveals homewares and online food ambitions at investor day
Marks & Spencer general merchandise director Kate Bostock has identified homewares as a “huge opportunity” for the retailer, which intends to carve out a market leading position in the category.
-
NewsJJB proceeds with £100m fundraising
JJB Sports has unveiled details of its £100m equity raising and new banking terms.