All City & finance articles – Page 546
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News
WHSmith to expand plastic bag fee trial
WHSmith is to extend its trial to scrap free plastic bags to other parts of the UK after a successful pilot in the Midlands and the Northwest.
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News
M&S benefits move triggers redundancy fears
Marks & Spencer is planning to cut redundancy benefits for its 60,000 staff, sparking fears of job losses.
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News
Matalan payment terms attacked
The Forum of Private Business (FPB) has put Matalan into its Hall of Shame following the retailer's decision to cut payments to suppliers by 2 per cent.
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News
Baugur approaches Woolworths shareholders to force negotiations
The Baugur-led acquisition consortium rejected by Woolworths has contacted other shareholders to try to force the board to open negotiations over a possible takeover, according to the Financial Times .
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Opinion
Dispute laws were wrong for retailers
Instead of calling someone in and having a word, it was straight to written warnings and formal meetings.
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Opinion
Retailers need to restore faith
During tough times we should be helping our customers, not passing cost hikes on to them.
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News
Recruitment dives as retailers hunker down
Thousands of retail jobs have disappeared in the past year as store groups initiated job freezes and other measures to reduce staff levels without axing staff.
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News
Analysts give new Woolworths boss two years to show improvements
City analysts hope to see evidence that Woolworths is being turned around in less than two years under new chief executive Steve Johnson.
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News
DSGi: The city view
DSGi was the week’s biggest riser as talk spiralled about a likely disposal of its Spanish business and troubled Italian chain UniEuro, encouraging short sellers to close their positions.
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News
Retail shares spring back as bid rumours surround troubled trio
Reversing the recent pattern, general retail stocks surged as bid speculation, stakebuilding and other chances of corporate action buoyed the sector.
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Opinion
Tata and Tesco tie-up is ideal
Tesco this week finally secured a long-awaited deal enabling it to enter what many believe is the most exciting and potentially lucrative market in the world – India.
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News
Signet UK defies City’s gloom as US division fails to sparkle
Signet outperformed City expectations during its second quarter, driven by a resilient UK performance.
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News
Autumn outlook bleak as retail sales slip again
Heavy clearance Sales across the high street failed to lift July retail sales, which fell 0.9 per cent like-for-like.
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News
Retail chiefs’ pay outstrips other industries
Chief executives and finance directors of listed high street retailers are paid far more than bosses of other types of businesses, according to research by BDO Stoy Hayward.
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News
Debenhams to help Wrapit customers
Debenhams will help to ease the disappointment of newlyweds left without their wedding gifts following the collapse of online gift service Wrapit.
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News
Iranian tycoon builds Woolworths stake
Iranian property tycoon Ardeshir Naghshineh has raised his stake in troubled retailer Woolworths, sparking fresh speculation that he could mount a bid for the business.
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News
Wellcome Trust emerges as mystery M&S stakebuilder
The UK’s largest charity, The Wellcome Trust, has emerged as the mystery company that has been stakebuilding in Marks & Spencer.
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News
Interest rate is held at 5 per cent
The Bank of England has held interest rates at 5 per cent, as retailers continue to feel the threat of the first recession in almost 20 years.
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Opinion
Retail needs team players
“Commission returns in bid to boost sales” was Retail Week’s first ever front page headline. “In an abrupt reversal of recent trends, retailers are bringing back commission as a way of generating extra sales,” the story read.
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News
Carphone Warehouse: The City View
Carphone Warehouse has completed its deal with Best Buy for a European joint venture and reportedly plans to have 200 Best Buy outlets in the UK, writes Amy Shields.