All City & finance articles – Page 497
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NewsJJB equity issue to raise £100m
JJB Sports is to launch a £100m equity issue in the latest phase of its turnaround battle following its CVA earlier this year.
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OpinionIPOs will face an inquisition
After all the feverish speculation of the past few weeks, there is now little doubt that a raft of retailers is preparing to float in the new year.
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NewsTJ Hughes results spur expansion plan
Discount department store operator TJ Hughes is pushing ahead with expansion after it reported turnover increased 9.1% to £261.3m in the year to January 31.
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NewsMarks & Spencer operating costs hike hits shares
Marks & Spencer’s shares fell 4.4% as the City digested last week’s second-quarter update.
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NewsSir Terry Leahy’s cheer fails to rub off on brokers
Appetite for food retailers remained poor, despite bullish comments from Tesco chief executive Sir Terry Leahy as he delivered interim results.
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NewsFrench Connection axes Japan stores to stem loss
French Connection is to close its stores in Japan and intends to hand the operation over to a licensee in a bid to stem haemorrhaging losses at the division.
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NewsPotential Pets at Home IPO whets City appetite
Pets at Home’s possible float next year is likely to generate strong interest from the City, according to analysts.
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News
Alworths ‘will break even’ in first year
Alworths, the variety chain set up by former Woolworths director Andy Latham, expects to break even in year one of trading.
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% for the seventh month in a row.
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NewsCarphone reports "commendable" second quarter
Carphone Warehouse’s retail division, Best Buy Europe, reported that connections rose by 2% to 3.17m in the second quarter.
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NewsHalfords like-for-likes up 2.2%
Halfords has reported like-for-like sales are up 2.2% in its second quarter and said it is confident it will deliver further profit growth in the second quarter.
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NewsDunelm founder sells 8% stake
Updated: Dunelm founder and life president Bill Adderley has sold a 7.8% stake in the company.
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NewsThorntons in a "good position" for Christmas as sales rise
Thorntons revealed its revenue edged up 2.3% to £46.8m in the 14 weeks to October 3 as it reports it is in a in a “good position” for Christmas.
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NewsTJ Hughes turnover up 9.1%
Discount department store operator TJ Hughes has reported a 9.1% increase in turnover to £261.3m in its full year results.
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NewsMatalan ‘set for £1.5 billion 2010 sale’
Matalan could be put up for sale next year with a £1.5bn price tag, it has been reported.
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NewsPets at Home assesses IPO potential
Specialist retailer Pets at Home has moved closer to a flotation with the appointment of JP Morgan Cazenove as joint sponsor, joint bookrunner and joint global coordinator.
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OpinionSecond time lucky for New Look flotation?
New Look is heading the pack of private equity backed retailers considering a return to the market next year.
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NewsIndigo scores for Marks & Spencer as sales hold firm
Marks & Spencer has hailed the launch of its Indigo casualwear range a success after selling 350,000 items since its debut at the start of September.
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NewsSchuh overhauls website as profits defy market woe
Fashion footwear retailer Schuh is to relaunch its website next month after outperforming the market with a 21% leap in EBITDA for the year to March.