All City & finance articles – Page 526
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NewsDebenhams acquires Danish retailer Magasin for £12.3m
Department store group Debenhams is to push into mainland Europe following the £12.3m acquisition of Danish department store business Magasin du Nord.
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NewsSainsbury’s posts 18.5% interim profits rise
Supermarket group Sainsbury’s has unveiled a leap in interim profits and said customer numbers have surged,highlighting how effectively it has responded to tough retail conditions.
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NewsGoldsmiths owner Aurum agrees refinancing
Aurum, the jewellery group formerly backed by Baugur, has agreed a debt for equity swap with lenders and said recent performance has been ahead of expectations.
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NewsRicher Sounds profits slide while revenue soars
Hi-fi and televisions retailer Richer Sounds experienced a pre-tax profit decline of 8% to £3.4m in its full year.
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NewsBoots awaits decision on bid for Swedish chain
Alliance Boots is expected to learn this week whether it has been successful in its bid to buy part of Sweden’s pharmacy monopoly.
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NewsAlliance Boots on track to hit targets after healthy half-year
Alliance Boots has said customer service and value have been the main drivers in helping it deliver sales growth of 11.6% to £9bn in the six months to September 30.
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NewsTM Lewin rules out IPO after strong half
Shirt specialist TM Lewin has ruled out an IPO and has put to bed speculation that backer HBoS wants to exit the business.
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NewsAsos shrugs off slowing etail growth
Investec published a buy note on Asos ahead of its half-year results on November 16, despite evidence of challenges facing online retailers.
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NewsDunelm celebrates surge in sales and profits
Value homewares retailer Dunelm brought forward its trading update after better than expected trading.
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NewsMarks & Spencer and Next chiefs see market stabilising
Marks & Spencer executive chairman Sir Stuart Rose intends to trade the business at full price through the Christmas period on the back of improved consumer confidence.
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News
Consumer confidence continues slow recovery
Consumer confidence in the UK continued to increase in October, but levels remain fragile.
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NewsPrimark juggernaut powers on as expansion spurs sales
Primark posted results in line with City expectations, including a 7% rise in like-for-like sales in the year to September 12.
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NewsMarks & Spencer and Next results surpass expectations
Updates from the two biggest quoted fashion groups, Marks & Spencer and Next, pleased brokers as each retailer reported encouraging recent trading.
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NewsTrago Mills profits take a hit in recession
West Country retailer Trago Mills suffered a fall in profits and sales in the year to December 31, 2008.
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OpinionWhere next for Tesco?
Analysts seem to think that Tesco’s core UK business, which had been lagging competitors, is back on track so it’s understandable that the cavalcade should move on to focus on overseas.
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NewsHopes of recovery rise as Bank holds interest rates and injects £25bn into economy
The Bank of England has held interest rates at 0.5% for the eight month in a row and inject an extra £25bn into the economy in an attempt to stimulate recovery.
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NewsSales improve at Signet
The UK’s biggest jewellery chain Signet has reported an improvement in sales in its third quarter.
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OpinionLike-for-like differences linger on
A feature on like-for-like sales that I wrote a few weeks ago caused more controversy than was intended; and one retailer has quickly responded by issuing multiple sales measures for comparative purposes.
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NewsM&S posts flat first-half profits
Marks & Spencer reported a “good start” to its third quarter but is “cautious” about Christmas prospects after posting flat interim profits.
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NewsAlliance Boots revenue up 11.6%
Health and beauty group Alliance Boots has reported revenue up 11.6% to £9bn for the six months to September 30 and said it is well positioned for the second half including the key Christmas trading period.