All City & finance articles – Page 539
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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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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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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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NewsAndy Bond warns of long road to recovery
Despite a better than expected trading outlook for the rest of this year, the road to recovery for UK retailers will be long and hard, Asda chief executive Andy Bond has suggested.
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NewsWaitrose and Duchy Originals in deal talks
Duchy Originals and Waitrose are discussing a deal that would integrate Prince Charles’s food products into the upscale supermarket chain’s mainstream operation, according to The Times.
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NewsGame agrees £175m refinancing
Entertainment retailer Game has refinanced and extended its borrowing facilities to June 2012.
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News
United Carpets profits fall while like-for-likes rise
United Carpets’ pre-tax profit fell from £1.73m to £1.36m in the year to March 31, although the figure came in ahead of expectations.
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NewsHalfords remains cautious despite sales rise
Halfords like-for-likes increased 1.3 per cent in the 13 weeks to June 27 as the bikes and car maintenance retailer benefited from strong multi channel growth.
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NewsFitch: No high street recovery until 2011
Any signs of green shoots on the high street are unsustainable and a lasting recovery may not emerge until 2011, according to credit ratings agency Fitch.
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NewsRetailers stir FTSE 100 onto impressive gains
Retailers helped the FTSE 100 make its best run of gains in four years on Tuesday, the seventh consecutive day that the index rose.
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OpinionNext boss Simon Wolfson excels again
Next boss Simon Wolfson is making a habit of beating expectations. So good has recent performance been that Next brought forward its trading update and upped internal profit forecasts by £30m.
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NewsUnited Carpets to rise as Allied Carpets falls
The collapse of all but a rump of the Allied Carpets chain is likely to benefit not just market leader Carpetright but AIM-listed United Carpets.
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NewsTM Lewin weighs options as backer moots an exit
TM Lewin is exploring new financing options but its management hope to retain a majority shareholding.
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NewsSports Direct reels as profits dive and China plans shrivel
Sports Direct has hit a major obstacle in its ambitious plans to expand in China, while, a tough year has led to a 91 per cent plunge in profits.
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NewsMorrisons’ performance puts it in a ‘different orbit’
Morrisons is confident that its full-year results will come in ahead of expectations as strong trading continued into its second quarter.
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NewsSwine flu could threaten trading, warns Next's Simon Wolfson
Next chief executive Simon Wolfson has voiced fears that the growing swine flu epidemic could threaten second-half trading.
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NewsMothercare protected by overseas presence
Mothercare’s international presence in 50 countries is protecting it from a slowdown in certain markets, chief executive Ben Gordon has said.
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NewsMike Ashley threatens JJB AGM showdown with Sir David Jones
Sports Direct tycoon Mike Ashley intends to embarrass rival JJB Sports executive chairman Sir David Jones at JJB’s AGM tomorrow.
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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.