All City & finance articles – Page 563
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News
‘Rough times ahead’ for retail
Retail faces one of its toughest years as like-for-like sales are set to nosedive, according to a report by Verdict Consulting.
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News
M&S voucher drive sparks stock fears
Marks & Spencer has distributed 800,000 discount vouchers offering 20 per cent off clothing, food and homewares this weekend as the retailer attempts to drive sales in the final weeks of its financial year, according to a report in The Daily Telegraph .
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News
John Lewis tests ban on cheques
Department store John Lewis has taken a step away from accepting personal cheques with a trial in two of its branches.
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AnalysisWhy low prices are not enough
People may be watching what they spend, but that hasn’t saved value specialists from collapse. George MacDonald surveys their prospects as they enter another tough year
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News
Interest rate cut to 5.25%
The Bank of England has cut interest rates by a quarter-point to 5.25 per cent.
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Opinion
It’s time for the last word on rate cuts
I have been taken to task recently by one or two economic journalists for continuing to call for a cut in interest rates.
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News
Sports Direct: The City View
Sports Direct moved up the City’s retail league after striking a deal with Chinese retailer ITAT.
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Opinion
Don’t just blame the market
It gives no one at Retail Week any pleasure that last week’s front page story about The Works being on the brink of administration came true even more quickly than expected.
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News
Base on a knife-edge as poor trading bites
Men’s and boys’ fashion chain Base Menswear was locked in crisis talks to stave off administration as Retail Week went to press.
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News
Morrisons’ soaring growth dents rival supermarkets’ share prices
Following share price rises in recent weeks, retail stocks went into reverse and food groups were hit most heavily.
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News
Jagtiani reignites Debenhams bid speculation
Retail tycoon Micky Jagtiani has renewed speculation that he may yet make a bid for department store Debenhams.
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News
Shop price inflation climbs 1.2 per cent
Shop price inflation in the UK was 1.2 per cent higher in January compared with the previous year, up from 1 per cent in December.
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News
Disposable incomes continue to fall in UK
British families are facing increasingly smaller disposable incomes, as bills and taxes grow faster than most incomes.
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Opinion
A case for the big two?
Speculation was swirling around the grocery sector this week that Asda is poised to make a bid for local grocery chain Somerfield.
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Opinion
The Retail Week – February 1, 2008
Surveying the wreckage of pub company Mitchells & Butlers, you have to conclude that Sainsbury's had a lucky escape when Qatari bid interest collapsed.
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Opinion
Non-food cannot afford to slip the net
Even against modest forecasts, the January trading statement season was miserable.
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News
Carrefour to refocus stores and own-label food brands
Carrefour is expected to focus on a radical overhaul of the branding of stores and its own-label food business in France to deliver a “breakthrough year”.
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News
N Brown: the city view
The home shopping giant took analysts to dinner on Tuesday night, when it impressed them with its business strengths as well as its cocktails.
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News
Hopes rise for retailers as City says prospects are looking up
Another good week for the sector meant brokers chewed over whether it is once again the right time to buy on the back of retailers’ sharp re-ratings.
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News
Kinnaird set on Dolcis revival as landlords rally
John Kinnaird remains confident of launching a bid next week for footwear chain Dolcis, as he continues to rally landlord support.