All City & finance articles – Page 555
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News
MFI to slash a third of head office and support jobs
Furniture retailer MFI is to axe about a third of its head office and central support staff, as it enters a new phase of its five-year turnaround plan.
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News
Icelandic court nears verdict on Jóhannesson
Iceland’s Supreme Court is expected next month to rule on the long-running allegations of fraud against Baugur executive chairman J n sgeir J hannesson.
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News
Sir Tom Hunter fails to halt Dobbies rights issue
Tycoon Sir Tom Hunter has failed in his attempt to halt a rights issue by garden centre Dobbies.
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News
First impressions: Browett's big day
There was an absence of much-anticipated blood on the carpet today when new DSGi chief executive John Browett unveiled his strategic review.
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News
TK Maxx posts strong sales
TK Maxx's like-for-like sales rose 6 per cent in for the first quarter of this year in Europe.
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News
Tesco buys South Korean Homever stores
Tesco has bolstered its South Korean business with the acquisition of 36 Homever stores for 958 million.
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Opinion
Will Best Buy be retail parks’ saviour?
All eyes will be on new DSGi chief executive John Browett on Thursday when he reveals the first stage of his strategic review.
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News
Rising inflation deals rate blow
The annual rate of inflation leaped to 3 per cent in April, from 2.5 per cent in March, according to the Consumer Price Index (CPI).
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News
Laura Ashley takes Moss Bros stake beyond 7 per cent
Laura Ashley has boosted its stake in menswear retailer Moss Bros by buying a further 625,000 shares for 47p each, giving it more than 7 million shares in total.
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News
West Coast seeks legal order for Tesco over Dobbies stake
Tycoon Sir Tom Hunter’s West Coast Capital investment vehicle is seeking a legal order forcing Tesco to buy its minority stake in garden centre group Dobbies.
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News
April retail sales worst since 2005
UK retail sales values fell 1.5 per cent for April, compared with the same month last year, when sales were up 2.4 per cent.
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News
Travis Perkins expects slowdown
Builders’ merchant Travis Perkins has reported turnover for the 17-week period to April 26 up 3.3 per cent in its retail division.
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NewsNet-a-Porter launches review
Internet entrepreneur Natalie Massenet is understood to be conducting a review of her fashion e-tail business Net-a-Porter.com.
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News
DSGi to slash store count
Electricals giant DSGi is expected to cut its dividend and announce the closure of up to 200 of its 700 stores in the first stage of new chief executive John Browett’s strategic review this week.
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News
Tesco named UK's most valuable retail brand
Tesco is Britain's most valuable retail brand, according to consultancy Intangible Business.
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News
Justin King to pocket £6.5 million bonus
Sainsbury’s chief executive Justin King will collect a bonus of about 6.5 million this week when he unveils a 25 per cent uplift in pre-tax profits.
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News
Hunter bids to block Dobbies’ rights issue
Scottish business tycoon Sir Tom Hunter is trying to block Tesco-controlled garden centre chain Dobbies’ rights issue unveiled last month.
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Opinion
Hopes live on for Boots debt deal
The idea that debt markets may be starting to relax again looked like a triumph of hope over experience as renewed attempts by Alliance Boots’ lenders to offload loans came to nought.
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News
Moss Bros’s future uncertain as Baugur weighs up options
Men’s formalwear retailer Moss Bros Group remained in limbo this week after potential buyer Baugur confirmed only that it and investment vehicle Newco continued to review due diligence.
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Opinion
My first 100 days speaking up for retail
Tomorrow is my 100th day as British Retail Consortium director -general, so I’ve been looking back through my diary.