All City & finance articles – Page 534
-
News
Asda profits knocked by price-fixing probe
Asda suffered a fall in full-year pre-tax profits after having to set aside an allowance for legal costs resulting from the Office of Fair Trading’s investigations into milk and tobacco price-fixing.
-
News
Homebase plans for hundreds of redundancies
Home improvement retailer Homebase is to shed several hundred jobs to cut costs in the dire trading environment.
-
News
The City View: Findel
Mail order specialist Findel reassured the market with a 1 per cent first-half sales increase.
-
News
Industry share prices on the up despite persistent poor trading
General retail stocks bounced back this week, jumping more than 20 per cent after taking a hammering the previous week, despite more bad news on trading.
-
News
Smallbone profits feel the heat as demand for kitchens dries up
Smallbone has become the latest big-ticket retailer to be hit by the economic downturn after it issued a profits warning last week.
-
News
Blacks banking on late Christmas sales surge
Blacks Leisure is bracing itself for a late Christmas sales rush this year.
-
News
Asda reports strong clothing and grocery sales in October
Asda's comparable store sales last month were strongest in grocery and clothing, parent company Wal-Mart’s October results have revealed.
-
News
Urban Outfitters like-for-like sales jump
Like-for-like sales at US fashion and lifestyle retailer Urban Outfitters climbed 10 per cent across its fascias in the three months to October 31.
-
OpinionEnsure your offer’s built to last
Only longer-lasting products offering real value will move shoppers to spend as recession bites.
-
Analysis
US Retail: Trading in a state of crisis
As a new president gears up to take charge in the White House, US retail is experiencing an even tougher time than the UK. Charlotte Hardie reports.
-
Analysis
Consumer Finance: Would you credit it?
As consumers become more cautious with their cash, Liz Morrell looks at how retailers are keeping their credit offerings flexible without putting themselves at risk.
-
News
Interest rate slashed to 3%
The Bank of England has cut the interest rate by 1.5 percentage points to 3 per cent in a move that has been welcomed by retailers.
-
News
Dunelm ups market share
Homewares retailer Dunelm reported that it has continued to gain share in a shrinking market as its sales performance improved.
-
News
Asda profits hit by OFT fines
Asda’s pre-tax profits have been hit by provisions for fines and legal costs arising from the Office of Fair Trading investigations in to allegations of price-fixing.
-
News
Findel posts flat sales
Findel, the home shopping group, has revealed robust first-half sales but warned it expects consumer spending to slow.
-
News
Profits hit at Ideal Shopping Direct
TV shopping group Ideal Shopping Direct has issued a profit warning, blaming current market conditions which have had a negative impact on sales.
-
News
Marks & Spencer profits plummet 34.1 per cent
Marks and Spencer’s adjusted pre-tax profits have plummeted 34.1 per cent to 297.8 million in the 26 weeks to September 27, 2008.
-
News
Smallbone issues profit warning
Luxury furniture retailer Smallbone has issued a profit warning, saying that it expects figures to be “materially below” current market expectations.
-
News
High pay for retailers ‘not helping strategy’
Retail chief executives are paid disproportionately more than their counterparts in other industries but have less time than ever to spend on strategy, a study has claimed.
-
News
Tesco: The City View
Tesco is budgeting for like-for-like growth of only 2 per cent at its core UK business in contrast to the 3 to 4 per cent it has traditionally targeted.