All City & finance articles – Page 503
-
OpinionThe billion Dollar question
At last, a retail IPO. Dollar General’s flotation is happening in the States not the UK, but success would be a sign that markets may be fully opening again and that stores can win investor backing.
-
NewsRetail stocks lifted as FTSE bounces back
The FTSE 100 closed at a 10-month high on Tuesday. Food and general retailers alike were both up over the week although neither matched the All-Share rise.
-
NewsFashion-driven online lift enhances Asos forecasts
Fashion was one of the drivers of online sales in July, bolstering confidence in clothing online specialists such as Asos.
-
NewsAnalysts cautious on Home Retail
There was a bearish view of Home Retail Group ahead of its second-quarter update, due on September 10.
-
NewsLiberty losses narrow
Upmarket London department store Liberty has reduced its first half losses after the relaunch of its West End flagship store proved a success.
-
NewsEsprit to invest in expansion as profits take a dive
Esprit has laid out plans to invest in is underperforming markets as the global downturn contributed to a group pre-tax profits fall of 26% to HK$5.97bn (£476m).
-
NewsDebenhams upgraded as margin prospects improve
City brokers have issued a raft of upgrades for Debenhams ahead of its pre-close update next month.
-
OpinionCompetition still hot in grocery
So farewell then – for now – to Paul Foley. The Aldi UK boss’s abrupt departure last week led to speculation that the wheels have come off his juggernaut.
-
NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
-
NewsConsole price cut to benefit Game
Game’s shares were expected to rise after Sony revealed a much-anticipated PlayStation 3 price cut on Tuesday.
-
NewsBrokers divided as Tesco ups food ante
The retail rally lost momentum last week, although store groups were well up year on year.
-
NewsAnalysts bullish on WHSmith’s prospects
Analysts issued a wave of bullish notes on WHSmith’s prospects as the bookseller and stationer approaches its year end next Friday.
-
NewsAsda cites low prices and quality as key to success across markets
Asda has claimed its food, home and leisure and George clothing departments are all outperforming their respective markets.
-
NewsChange Capital acquires German fashion retailer Hallhuber
Private equity firm Change Capital Partners has acquired German womenswear retailer Hallhuber in a €29m (£25m) deal.
-
NewsFormer Boots boss Richard Baker joins private equity firm Advent
Former Alliance Boots chief executive Richard Baker has joined private equity group Advent International as an operating partner.
-
NewsFocus CVA plan has ‘strong chance of success’
DIY group Focus’s CVA proposal has “a strong chance of success”, said Seymour Pierce analyst Freddie George after a company visit.
-
NewsJessops like-for-likes down 4.7%
Jessops has reported like-for-like sales down 4.7% in the 12 weeks ending August 16, against the continuing difficult retail environment.
-
NewsRetail helps stem British Land losses
Losses at shopping centre and retail park owner British Land have been stemmed in its first quarter, helped by a robust performance by its retail assets.
-
NewsH&M like-for-like sales fall 3 per cent in July
Sales at H&M fell 3 per cent on a like-for-like basis in July compared to a 3 per cent increase for the same month last year.
-
NewsRetail rally tails off as stocks underperform
The meteoric rise of the stores sector tailed away over the week and general retailers underperformed their food peers and the market.Of the biggest 10 retail stocks, eight were down, including Next and Kingfisher despite some bullish notes on both.The latest BRC sales data showed 1.8% like-for-like growth in July ...