All City & finance articles – Page 546
-
NewsJJB Sports appoints two directors
JJB Sports has announced the appointment of a new finance director and a director of retail and product to its board.
-
NewsAlliance Boots profit surge
Alliance Boots has reported a rise in profits and is confident about the year to come
-
NewsH&M celebrates sales turnaround
International fashion giant H&M has posted recession-busting like-for-like growth of 8 per cent for April, when total sales climbed 19 per cent.
-
NewsBroker attacks M&S strategy and management
Discounting and cost cutting by Marks & Spencer threatens its long-term health and dramatic change is necessary to restore the retailer’s fortunes, a broker has warned.
-
News
Signet fortunes turn after US Valentine’s sales boost
Leading jeweller Signet said its US operations, which account for the bulk of its sales, put in an “encouraging” first-quarter performance compared with the previous period.
-
News
Citi analyst predicts worst yet to come for Burberry
Burberry has implemented a £50m efficiency drive designed to bring it out on the other side of the downturn in a stronger position.
-
OpinionIs Westminster beckoning for Next’s Simon Wolfson?
In the retail industry, much of the chatter last week centred not on Next’s latest numbers, but chief executive Simon Wolfson’s future plans. For some time, speculation has mounted that he might consider a shift into politics, casting himself as Lord King to David Cameron’s Mrs T.
-
NewsCity cools as it doubts retail’s staying power
General retailers underperformed as questions were asked about whether the stores rally had run too far.
-
NewsWickes reveals like-for-like rise as DIY rallies
Analysts have welcomed signs of a stabilising DIY market after Wickes disclosed an improved sales performance over Easter.
-
News
Furniture village outperforms
Furniture Village’s full-year sales and profits declined, but the retailer has outperformed in recent weeks in one of the toughest trading environments.
-
NewsMulberry to take full control of US business
Mulberry will take full control of its US business after agreeing to end a joint venture with its US partner.Mulberry will take control of its wholesale and retail sales in the US, which it hopes will create a more efficient operation when combined with its online business, over which it ...
-
NewsKesa like-for-like sales fall as further restructuring announced
Kesa has reported like-for-like sales across its electricals business were down 6.1 per cent in its full year to April 30, with total sales up 8.3 per cent.Like-for-like sales at its UK Comet chain dropped 7.7 per cent on a like-for-like basis for the year, with total revenues down 5.1 ...
-
NewsSainsbury’s confident in future as profits rise
Focus on fundamentals and agility in fast-changing trading conditions helped Sainsbury’s notch up an 11 per cent profits rise and fourth consecutive year of like-for-like growth.
-
NewsDSGi secures £311m injection to speed up turnaround plans
DSGi has raised £311m to accelerate its turnaround plans after credit insurance difficulties led to a sharp rise in debt.
-
NewsDownturn not as bad as predicted says Next chief executive Simon Wolfson
Next chief executive Simon Wolfson has said the market is bottoming out but said it is premature to call a recovery and that lower VAT was distorting the real consumer picture.
-
NewsBroker warns investors not to overlook Mothercare
Mothercare has been overlooked by investors, despite its strong growth prospects, according to Investec analyst Katharine Wynne.
-
NewsHome Retail Group divides City
Home Retail Group, owner of Argos and Homebase, met full-year profit expectations but brokers were divided on its merits.
-
NewsCity encouraged by general retail outlook
Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.
-
NewsCo-op’s local format helps it secure record results
Co-operative Group has said its local format has helped it report record results, with operating profit before significant items up 11 per cent to £393m.
-
News
Sun and self-help lift Marks & Spencer trade
Good weather, self-help initiatives and greater market stability may have boosted trading at Marks & Spencer, City brokers believe.