All City & finance articles – Page 544
-
News
Christmas in the balance
Sector braced for toughest season since the 1980s, with December like-for-like drop expected.
-
Analysis
Is this really the worst of times?
As Alistair Darling’s sobering comments on the downturn hit home, George MacDonald asks industry experts what truth lies behind the figures and what the impact will be for retail.
-
News
Interest rate held at 5%
The Bank of England has held the interest rate at 5 per cent for the fifth month running despite increasing fears of an imminent recession.
-
NewsFat Face cuts debt
Fat Face, the private equity-owned leisurewear specialist, has taken advantage of weak debt markets to slash its borrowings.
-
News
Food inflation growth slows
Food inflation growth has slowed for the first time since March, according to the BRC-Nielsen Shop Price Index for August.
-
News
Price rises to hit non-food
Price hikes of more than 6 per cent on non-food items such as T-shirts, shoes and sofas are possible next year, because of the sterling’s collapse against the euro and the dollar.
-
News
Ireland’s Pavilions development unveils blueprint for extension
Irish developer Chartered Land has submitted an application for an extension to its Pavilions shopping centre at Swords, north of Dublin, which would significantly increase the scheme’s retail offer.
-
News
Out-of-town retail parks to ‘lead retail renaissance’
Out-of-town retail is set to bounce back from the economic gloom and will be more successful than town centres in instigating a retail resurgence, a Verdict survey has claimed.
-
News
Adili seeks extra funding
Ethical fashion e-tailer Adili is seeking additional funding by issuing share capital to its largest investor Hawk Investments.
-
News
Asos chief nets £352,000 in pay and bonuses
Asos chief executive Nick Robertson took 352,000 in pay and bonuses last year after bucking the downturn and more than doubling pre-tax profits at the business to 7.3 million.
-
News
Smallbone trebles profits
Furniture retailer Smallbone became the latest luxury retailer to buck the downturn, more than trebling its pre-tax profit for the six months to June 30. However, the retailer remains cautious about the future trading environment.
-
NewsWoolworths shareholder backs Malcolm Walker bid rejection
Woolworths’ biggest shareholder is backing the variety store retailer in its rejection of Malcolm Walker’s £50 million bid, according to The Sunday Times.
-
News
JJB Sports: The City View
Buy-out speculation once again engulfed JJB Sports, which is thought to have enjoyed a trading fillip stimulated by the UK’s strong Olympics performance.
-
News
Bid speculation nudges share prices up in short trading week
General retailers climbed over the week, partly buoyed by bid speculation about Woolworths and JJB Sports (see The City View below), but the grocers’ share price rise was more muted as the market digested last week’s data.
-
News
35 retailers back Green’s letter to landlords
Sir Philip Green has written to some of the UK’s biggest landlords on behalf of 35 retail groups in an attempt to bring key aspects of how retail property is leased into the modern era.
-
Opinion
What hope for Christmas?
The dog days of August are almost over. Store chiefs and analysts are back from Monaco and Mustique (or Margate, for those whose options are under water). And the countdown has begun to the year’s biggest retail blowout: Christmas.
-
News
Analysts forecast DSGi sales drop as update approaches
Electricals group DSGi is expected to reveal a sales decline at next week’s AGM.
-
News
Q2 wipeout bodes ill for shopper spending
Fears of recession have grown after UK economic growth collapsed in the second quarter.
-
News
Worst retail figures in 25 years, CBI reports
Wet weather and difficult trading conditions have resulted in the worst retail performance for 25 years.
-
News
Concerns raised over Woolworths covenants
Variety store group Woolworths is likely to stretch its banking covenants to the limit and fail to pay a dividend for the next two years, an analyst has warned after a company visit.