All City & finance articles – Page 498
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NewsMothercare to take 25% stake in Australian franchisee
Mothercare is to take a stake 25% in Headline Group, which holds the Mothercare and Early Learning Centre franchises in Australia and New Zealand.
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News
Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsCity pressure mounts on Ocado ahead of float
Pressure is mounting on Ocado to lower the valuation of its initial public offering (IPO) as investors and analysts continue to baulk at the ambitious price tag placed on the online grocer.
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OpinionTough times lie ahead but retail looks resilient
An early exit from the World Cup and weather that was more suited to the beach than the shopping mall didn’t augur well for a bumper June in the shops. Yet this week’s BRC sales figures, backed up by anecdotal evidence from leading retailers, suggest a steady recovery is continuing.
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NewsRetail’s stock rises as June sales tick along
Retailers achieved “decent sales growth” in June, the BRC reported, and store stocks rose over the week although they lagged the All-Share index.
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OpinionRetail M&A fears have become reality
Evidence suggests that the level of M&A activity in the sector has already slowed and we believe that it (and private equity investment, in particular) is likely to be more muted in the remainder of the year as what was previously feared has now become reality.
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NewsBurberry on strong upward trajectory
Luxury specialist Burberry reported a 24% hike in revenue to £291m for the three months to June 30, following a strong performance across retail and wholesale.
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OpinionNo cause to downgrade retail
More than half-way through 2010, many store chiefs’ comments remain wary to the point of downbeat. While the gloomy noises will hardly spark a sector upgrade, the prospects for a further downgrade don’t look any greater.
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NewsLa Senza seeks new chairman as sales and profits improve
Lingerie retailer La Senza is back in the black and searching for a new chairman to help its future growth after sales and profits took an upward swing
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NewsTM Lewin ups profit as it tests click-and-collect
Shirtmaker TM Lewin has embarked on a click-and-collect trial, as it reports that operating profit grew 7% to £9m in the year to February 28.
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NewsDreams expects to continue its rapid growth as more rivals fail
Bed specialist Dreams is set to notch up double-digit revenue growth this year on the back of its record year in 2009, but the retailer predicts more of its rivals will hit trouble.
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NewsPrimark defies the downturn with strong growth in sales
Value fashion retailer Primark has reported that full-year margins are expected to be ahead of last year despite rising input prices, which are forecast to hit the clothing sector generally.
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News
Jigsaw’s parent reports near doubling of losses
Losses at Robinson Webster Holdings, the parent company of womenswear retailers Jigsaw and Kew, almost doubled last year as a result of a currency fluctuations, deeper discounting and disposal of excess stock during the recession.
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NewsGrowth will be hard to maintain, says Dunelm
Value homewares retailer Dunelm has warned of toughening trading conditions, despite the likelihood that operating profits this year will be just ahead of expectations.
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NewsAll resolutions passed at Burberry AGM
Burberry shareholders voted in favour of all resolutions proposed at the luxury retailer and brand’s annual general meeting today, including directors’ remuneration.
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NewsSuperGroup posts £22.5m in pre-tax profit
SuperGroup, the young fashion business which owns brands Superdry and chain Cult, has posted £22.5m in profit before tax in its first set of annual results since it joined the stock exchange.
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Opinion
M&S AGM highlights
Today’s M&S AGM was the usual entertaining - and quintessentially English - affair.
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NewsShareholders pass all resolutions at Marks & Spencer AGM
All resolutions, including the controversial remuneration report, have been passed by the shareholders in the room at another high spirited M&S AGM.
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NewsTopps Tiles Q3 sales improve
Topps Tiles like-for-like sales decline has softened to -1.2% in the 13 weeks to July 3.
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.