All City & finance articles – Page 505
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% as the Bank of England announced it will inject a further £50bn in to the economy.
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NewsCarpetright posts like-for-like sales rise
Carpetright, the market leading floor coverings retailer, has posted the first quarterly like-for-like sales rise at its core business since the fourth quarter of 2007/08.
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NewsTopps Tiles like-for-likes drop 10.9 per cent
Topps Tiles like-for-likes slumped 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
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News
JD Sports buys rugby brand Canterbury Europe
JD Sports Fashion has bought rugby brand Canterbury Europe from administration.
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NewsWhole Foods makes £35.9m loss in UK
Upmarket grocer Whole Foods Market made a £35.9m loss in the UK last year, according to accounts filed at Companies House.
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NewsMarks & Spencer could add £1bn to earnings by 2014
Marks & Spencer could add £1bn to earnings by 2014, according to a note issued by Goldman Sachs.
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NewsWyevale rebrands to return to its roots
The Wyevale Garden Centre name will almost disappear as the garden specialist ploughs ahead with a major rebranding to return it to its “horticultural roots”.
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NewsKitchen sales up at Wickes as Travis Perkins out performs
Wickes owner Travis Perkins revealed that the group has performed ahead of expectations in the six months to 30 June, despite the brutal downturn in the property market.
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NewsFlying Brands improves trading after cost efficiency programme
Multichannel retailer Flying Brands has reported improved trading in its interim results as it reaps the benefits from its cost efficiency programme.
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NewsJohn Lewis ends Sale on a high
John Lewis reported a strong week of trading as the last day of its clearance Sale helped it achieve sales up 6.3 per cent.
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NewsRiver Island’s record year
Young-fashion powerhouse River Island has defied the market to deliver record sales and profits for the year to the end of December.
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NewsJoules eyes Dubai as it plans overseas stores
Lifestyle and fashion retailer Joules has set its sights on international expansion as its sales continue to soar.
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NewsFindel initiates share placing to tackle debts
Home shopping group Findel has begun an £81m capital raising to help reduce debt and assist it with future growth.
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NewsRetail lags market despite City upgrades
The FTSE’s record 11-day rally came to an end on Tuesday and retail underperformed the market as good official sales figures and reassuring trading updates were cancelled out by a bearish view on the sector released by credit rating agency Fitch.
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NewsIrish retailers fearing worst Christmas ever
Irish retailers are braced for their worst Christmas in history as sales continue to be battered by the slump in consumer confidence.
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OpinionNo time to be counting chickens
The 11-day rally in the FTSE may have ended on Tuesday, but the record run enjoyed by equities over the preceding fortnight showed investors have real confidence that green shoots are emerging.
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NewsCarphone Warehouse in line to meet expectations
Carphone Warehouse has beaten first-quarter revenue forecasts and said it is on track to meet full-year market expectations.
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OpinionCarpetright rules the roost
Lord Harris must be licking his lips. The carpet king has long dominated the sector but the collapse of his nearest rival Allied Carpets is set to consolidate his control of the UK’s floorings market.
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Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
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NewsBlacks progress hit by profit warning
Struggling outdoor retailer Blacks Leisure has agreed an extension on its working capital facility but “one-off impacts” forced it to issue a profit warning.