All City & finance articles – Page 500
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NewsJacques Vert to pay first dividend in 15 years
Womenswear retailer Jacques Vert will pay a dividend for the first time in 15 years following a swing to profit last year.
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NewsTom Hunter puts shoe chain Office up for sale with £200m price tag
Retail entrepreneur Sir Tom Hunter has put his footwear chain Office up for sale, with a potential price-tag of £200m.
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NewsBeales on a roll as profits leap 67%
Department store group Beales is poised to roll out men’s young fashion departments into all stores and make further acquisitions following a leap in pre-tax profits.
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NewsBig-ticket retailers plan to turn timing of the VAT increase to their advantage
Big-ticket retailers are putting plans in place to capitalise on the timing of the VAT increase that takes effect on January 4.
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NewsTheo Fennell set to shine again after cutting losses
Upmarket jeweller Theo Fennell is on track to return to profit next year following a restructure, the return of its eponymous founder and plans to launch an affordable range.
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NewsCarpetright eyes sales boost ahead of January VAT rise
Carpetright expects a sales fillip this autumn as consumers buy ahead of January’s VAT rise, and has posted an increase in preliminary profits.
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OpinionKesa turns on to change
Activist investor Knight Vinke put some spark in electricals retailer Kesa’s share price this week after building up a 3% stake.
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NewsDouble-dip recession fears spook the City
Renewed fears of a double-dip recession following austerity measures put the frighteners on the market on Tuesday, when every FTSE 100 stock fell.
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AnalysisOcado moves to deliver on flotation
Ocado is bullish about its plans to float, but with the online grocer yet to make a pre-tax profit, is the IPO a good deal for investors
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NewsDisney insists sparkle will return despite dip
Disney Stores has slipped back into the red in the year to October 3 after posting a pre-tax loss of £11.3m compared with a profit of £2.8m the year before.
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OpinionOcado investors should be in it for the long haul
“EBITDA should not be considered a substitute for gross profit/(loss), operating profit/(loss), profit/(loss) before tax.” Wise words from an unexpected place - none other than the very small print at the end of Ocado’s announcement of its intention to float, released last Thursday.
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NewsPets at Home profits soar
Retailer achieves recession-busting performance and downplays VAT threat as it plans 150 more stores
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NewsMatalan reaps rewards of investment
Value fashion and homewares retailer Matalan has reported a 30% increase in profits, driven by investment in products, stores and people.
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NewsActivist investor builds stake in Kesa
Activist investor Knight Vinke has built up a 3% stake in Anglo-French electricals retailer Kesa, owner of the Darty and Comet chains.
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NewsCarpetright profit surges as UK business improves
Carpetright pretax profit grew from £16.7m to £22.3m in the year to May 1.
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NewsLiberty chief executive Geoffroy de La Bourdonnaye steps down
Liberty chief executive Geoffroy de La Bourdonnaye has stepped down from the premium London department store, following its sale to private equity firm BlueGem Capital Partners.
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NewsWarren Buffett increases stake in Tesco
Legendary investor Warren Buffett has increased his stake in supermarket group Tesco and now holds just over 3% of the grocer’s shares.
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NewsRetailers in favour despite hike in VAT
Retailers can live with the effects of Tuesday’s emergency Budget: that was the snap judgement of store chiefs and investors alike to the Chancellor’s announcement.
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NewsStruggling Game warns of loss in first half
Continued declining sales and a likely interim loss at computer entertainment specialist Game prompted downgrades by analysts.
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AnalysisGetting retail mergers right
Bringing two retailers together does not always ensure instant success or results. Mark Faithfull looks at the secrets of getting the process right