All City & finance articles – Page 511
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NewsGovernment extends credit insurance relief period
The Government has bowed to business pressure and amended its trade credit insurance top-up scheme revealed in April.
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NewsHalfords profits rise as consumers holiday at home
Halfords pre-tax profits rose 2.4 per cent to £92.4m in the 52 weeks to April 3 as the retailer maintained a tight grip on costs and benefited from consumers holidaying at home.
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NewsMarks & Spencer directors miss out on bonuses
Marks & Spencer executive directors, including chairman and chief executive Sir Stuart Rose, all went without bonuses and pay rises last year after pre-tax profits at the retailer fell 40 per cent.
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NewsKingfisher surprises City with ‘stormingly good’ first quarter
Kingfisher beat analysts’ forecasts with its first-quarter trading update and wants to capitalise on the Irish market now that rival Wickes has halted its expansion plans there.
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NewsRetail stocks rebound but City still cautious
Has the rally in general retail stocks run its course? That’s what one leading broker said, despite the sector rebounding this week after three weeks of decline.
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NewsTopps Tiles moots options to bolster sales
Topps Tiles is considering potential new revenue streams, including business to business, and mulling whether to pull out of Holland.
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NewsBlacks pins turnaround hopes on staycations
Blacks Leisure hopes that the ongoing exit from its boardwear business and the increasing trend for people to holiday in the UK will help secure its future.
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OpinionThe mountain facing Blacks
Blacks Leisure chief executive Neil Gillis, like his customers, has a mountain to climb.
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NewsJoJo Maman Bébé set for record year
Maternity retailer JoJo Maman Bébé expects to shrug off the downturn to record its most profitable year.
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NewsMoss Bros should survive recession, analysts say
Moss Bros should be “one of the survivors of the recession” analysts believe, after the retailer reported sales ahead of City expectations.
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NewsMorrisons first-quarter like-for-like sales jump
Morrisons has revealed an 8.2 per cent rise in first-quarter like-for-like sales as bargain hungry customers flock to its lower-price offer.
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NewsDebenhams to raise £323m in share sale
Debenhams has revealed plans to raise £323m in a share placing to slash its debt pile and said profits were growing at the department store chain.
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NewsJJB Sports completes refinancing
JJB Sports has completed its refinancing and ended its standstill agreement with its banks.
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NewsKingfisher profits soar 38.5 per cent in first quarter
Kingfisher’s retail profit surged 38.5 per cent to £128m in the 13 weeks to May 2, beating expectations as seasonal products and favourable weather lifted sales.
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NewsHome Retail boss misses bonus
Home Retail Group chief executive Terry Duddy took a hit of over £900,000 to his total pay last year after missing out on a performance-related bonus.
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NewsMoss Bros reveals sales fall but says performance improving
Moss Bros has revealed that like-for-like sales dropped 3.9 per cent in the 16 weeks to May 23. Total sales fell 2.3 per cent during the period.
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NewsHalfords names Dennis Millard chairman
Motor accessories and bikes giant Halfords has appointed Dennis Millard as chairman, replacing Richard Pym.
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NewsLosses spiral as Blacks battles to recover
Outdoor pursuits specialist Blacks Leisure has acknowledged there is “material uncertainty” about its future but insisted progress is being made in turning the business around.
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NewsDavid Jones says loss-making JJB Sports is his ‘biggest challenge ever’
JJB Sports executive chairman David Jones has described his turnaround attempt as “the biggest challenge I have ever had”, as the retailer posted a full-year loss of £189m.