All City & finance articles – Page 507
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NewsB&Q beats second-quarter expectations
DIY giant Kingfisher’s flagship B&Q UK chain beat second-quarter sales expectations, helped by business improvements and the collapse of rivals.
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NewsHouseholds £12 a week better off in June, says Asda
UK families were on average £12 better off a week in June compared with last year, representing a 7.8 per cent increase as interest rate cuts continue to help mortgage payers.
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NewsMorrisons confident it will beat full-year expectations
Morrisons has reported that it is confident its full-year results will be ahead of earlier expectations as it has achieved strong trading in its first and second quarters.
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NewsNext raises profit forecast
Next has raised its profit forecast by £30m after a strong start to the year.
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NewsRecession takes toll on online sales growth
The recession has started to hit online sales growth as the exponential increases once experienced by the e-tail market have begun to slow, according to new figures.
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OpinionTables could turn in grocery
Auctioning off a 25lb pork pie could only have happened at a Marks & Spencer AGM, and it could only have been fronted by the showman himself Sir Stuart Rose.
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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AnalysisIs a wave of retail floats imminent?
The prospect of retail IPOs is rising, but the shaky economy and recent cash calls could make talk of floats so much hot air. By George MacDonald
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NewsWaitrose sales outpace Marks & Spencer food for first time
Waitrose managing director Mark Price has revealed that the grocer has overtaken Marks & Spencer in food sales for the first time in its 105-year history.
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NewsEarnings upgrades in sight as retail sales hold their own
The City took heart at better than anticipated retail sales in June, raising the prospect of sector upgrades.
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NewsDunelm impresses City with sales jump
Homewares retailer Dunelm impressed the City with higher than expected second-half sales and ambitions to open more stores in the financial year.
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NewsPrimark outperforms as Arthur Ryan prepares to exit
Primark has once again outperformed the wider fashion market, recording a 20 per cent uplift in sales in the 40 weeks to June 20.
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NewsStrong range helps Next in Q2
Next is performing ahead of expectations and should deliver a strong second-quarter trading update when it reports at the end of the month, broker Singer Capital Markets believes.
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NewsMicrosoft tycoon Bill Gates takes stake in JJB Sports
Billionaire Bill Gates has taken a stake in embattled sports retailer JJB, it emerged today.
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NewsBurberry has a strong start to the year
Burberry made a solid start to the year with retail revenues ahead 12 per cent in the three months to June 30.
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NewsBlacks ‘performing satisfactorily’
Blacks Leisure, the outdoor clothing and equipment retailer, has revealed a 1.8 per cent drop in like-for-like sales in the first 19 weeks of its financial year.
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NewsRetail sales grow 1.4 per cent in June
Retail sales in June grew 1.4 per cent on a like-for-like basis helped by the heatwave across the country and clearance Sales.
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NewsSir David Jones attempts to defuse loan row
JJB Sports executive chairman Sir David Jones has repaid a £1.5m personal loan from Sports Direct founder Mike Ashley after what he has described as one of “the most stressful” weeks of his 49-year retail career.
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NewsDunelm like-for-likes rise 5 per cent in second half
Homewares retailer Dunelm has revealed better than expected sales for its second half, with like-for-likes growing 5 per cent as it takes market share.
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NewsAll Saints secures £30m financing deal
Fashion specialist All Saints has sealed a £30m funding deal from Lloyds TSB Corporate Markets, Retail Week can reveal.