All City & finance articles – Page 498
-
News
Cautious optimism for Jacques Vert
Womenswear retailer Jacques Vert revealed a 0.8% fall in like-for-likes for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
-
News
Hudson’s Bay Co considers IPO
Department store operator Hudson’s Bay Co is considering a public stock offering in the first half of 2011.President and chief executive Richard Baker said that although “nothing’s final”, the company was in talks over a listing on the Toronto Stock Exchange. “The offering could include all or part of Hudson’s ...
-
OpinionA battle has been won at Marks & Spencer
M&S can afford to be satisfied, though not complacent. It still has a long road to travel to regain past levels of success.
-
NewsJJB Sports first-half losses skyrocket as suppliers hold back stock
JJB Sports has continued to struggle with a poor stock position as it battles on in its survival fight.
-
NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.
-
NewsAsos sales bolstered by international expansion
Fashion etailer Asos pushed ahead with overseas expansion and improved delivery options to help deliver strong first-half sales growth.
-
NewsJessops focuses on return to profit after debt-for-equity rescue deal
Camera specialist Jessops said it is well placed to restore profitability after completing a debt-for-equity rescue deal.
-
News
New Look in the frame for public offering in 2010
Retail IPOs moved a step closer this week as speculation mounted that New Look is gearing up for a £1.7bn flotation early next year.
-
News
Robert Dyas plunges into red with £10m loss
Hardware chain Robert Dyas has plunged into the red, posting a pre-tax loss of £10.4m for the year to March 28.
-
NewsWickes sales boosted by showroom ranges
DIY retailer Wickes’ like for likes rose 0.7% in the 39 weeks to September 26.
-
NewsAlexon slumps into loss
Womenswear group Alexon Group has reported a pre-tax loss and said recent trading had been “challenging”.
-
NewsAsos posts 47% sales increase
Asos has reported a 47% first-half increase in sales, with profits “marginally ahead” of last year.
-
NewsMarks & Spencer second quarter beats expectations
Marks & Spencer delivered a better than expected second quarter performance, as UK like-for-like sales declined by just 0.5%, continuing the improving trend seen over the last three quarters.
-
NewsBlacks Leisure to close 89 stores
Blacks Leisure is to shut 89 of its loss-making stores and cut jobs at its head office as part of a restructuring.
-
NewsJessops completes debt for equity swap to ensure survival
The UK’s largest camera specialist Jessops has unveiled a survival deal which secures 2,000 jobs but leaves its bank owning almost half of the retailer.
-
NewsMoss Bros reports £3m loss
Moss Bros has reported first-half pre-tax losses of £3m compared with a £2.2m loss for the same period last year.
-
NewsJacques Vert confident profits will beat expectations
Womenswear retailer Jacques Vert has revealed a 0.8% fall in like-for-like sales for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
-
NewsBlacks considers CVA
Blacks Leisure is planning a company voluntary arrangement in order to secure its future.
-
NewsNew Look mulls float
New Look, the fashion chain owned by two private-equity companies Apax and Permira, is reportedly considering a £1.7bn stock-market flotation.
-
NewsOriginal Factory Shop commits to 400-store expansion as sales rise
Value retailer Original Factory Shop has recorded a 27.1% rise in pre-tax profits to £9.7m in the year to March 29 as it lays out plans for 400 stores within five years.