All City & finance articles – Page 561

  • Analysis

    Keep it in the family

    2008-03-05T14:36:32Z

    Baugur’s bid for Moss Bros last week has sparked a bitter war of words over the retailer’s future. As the battle hots up, Lisa Berwin looks at what lies ahead for the venerable brand

  • News

    Littlewoods suffers £24m losses

    2008-03-05T14:33:11Z

    Pre-tax losses at Littlewoods Shop Direct reached 24.2 million in the year to April 30, 2007, as the group continued to feel the strain of its business restructure on its balance sheet.

  • News

    Gap makes profit comeback as leading US retailers falter

    2008-03-05T14:26:30Z

    Gap has posted a fourth-quarter profit rise for the first time in three years and forecast further gains after it increased full-price clothing sales in the holiday season.

  • News

    Ideal shopping direct: the city view

    2008-03-05T12:51:12Z

    The AIM-listed home shopping group posted a 3 per cent rise in pre-tax profits to 6.3 million before exceptionals, on sales up 13.1 per cent to 96.9 million.

  • News

    Moss Bros shares spike as offer from Baugur fuels investor fight

    2008-03-05T12:40:00Z

    Menswear retailer Moss Bros was the week’s biggest riser as a bad-tempered battle for control raged. Members of the founding families, the board and associates of potential buyer Baugur all laid into each other, which can hardly be helping store performance.

  • News

    Gee family strikes back at McCarthy in Moss Bros war

    2008-03-05T12:31:02Z

    Moss Bros director Rowland Gee has hit back at comments made by fellow board member Don McCarthy about family involvement in the business.

  • News

    Food prices continue to climb

    2008-03-05T11:18:58Z

    Food prices have continued to soar. Inflation in February reached its highest level since December 2006.

  • News

    Ideal Shopping Direct pre-tax profits drop

    2008-03-04T09:09:03Z

    Ideal Shopping Direct has reported a 6.2 per cent fall in full-year pre-tax profit to 5.8 million, but pointed to an encouraging start to 2008.

  • News

    Asda: family income down £5 a week

    2008-03-04T08:38:59Z

    Rising food and petrol prices meant that the average UK family has 5 a week less to spend than last year, according to grocer Asda’s first income tracker survey.

  • News

    Dreams mulls £200m private equity deal

    2008-03-03T09:01:09Z

    Bed retailer Dreams is understood to be on the verge of agreeing a 200 million deal to sell the retailer to Exponet Private Equity.

  • News

    Asda could carve up Somerfield

    2008-03-03T09:00:25Z

    Asda is sounding out potential partners for a carve up of 900-store local grocery chain Somerfield, according to the Daily Telegraph .

  • Opinion

    Bonus earners aren’t the ones to watch

    2008-02-29T13:57:33Z

    The media (including the editorial staff of this magazine?) seems to have an obsession with alleged consumption excesses in the City. The truth is less exciting.

  • News

    Next tipped as bid target for M&S

    2008-02-29T10:41:42Z

    Credit Suisse has suggested that Next could be a bid target for Marks & Spencer, arguing that investors do not appreciate the extent of the structural problems facing Next.

  • Opinion

    Decision day looms for Moss

    2008-02-28T12:15:19Z

    Baugur’s 42p-a-share offer for Moss Bros may have split the retailer’s board and shareholders, but should be welcomed.

  • News

    Dunelm: the city view

    2008-02-28T11:48:58Z

    Homewares retailer Dunelm has reported interim pre-tax profit up 24.4 per cent to 27.2 million, but warned that second-half trading will prove tougher, writes Jennifer Creevy .

  • News

    Poor John Lewis trading fuels City fears as Tesco is attacked

    2008-02-28T11:37:41Z

    John Lewis’s revelation that last week’s trading was the “toughest in recent memory” spooked an already panicky City.

  • News

    Dreams looks overseas as profits rocket 88%

    2008-02-28T11:13:00Z

    Beds specialist Dreams is planning to launch overseas, as it posted an 88 per cent rise in full-year pre-tax profits to £13.3 million.

  • News

    Suppliers mull legal action over Stead

    2008-02-28T11:01:27Z

    A group of footwear suppliers are considering legal action to recover full payment for stock delivered to Stead & Simpson before it was sold in a pre-pack administration deal to rival Shoe Zone last month.

  • News

    Gieves & Hawkes enlists VoIP to cut call costs

    2008-02-27T11:50:21Z

    Savile Row tailor Gieves & Hawkes is making significant savings on its telephony costs after switching to an internet protocol-based telephone service.

  • Agent Provocateur
    News

    Agent Provocateur invests in IT to back growth plans

    2008-02-27T11:33:00Z

    Luxury lingerie retailer Agent Provocateur is to roll out a system from K3 to support its multichannel operation and improve its product lifecycle management as it expands the business.