All City & finance articles – Page 565
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Analysis
Small change
The European Commission’s ruling against MasterCard’s interchange fees was a big victory for retail and could set a precedent that saves the sector more than a billion pounds a year. But, as Charlotte Dennis-Jones discovers, retailers shouldn’t get too excited just yet
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News
Consumer spending growth to slide in 2008
Retail consumer spending growth is likely to drop to 2.6 per cent this year, compared with 3.7 per cent in 2007.
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News
BRC accuses card schemes of secret retailer fee hikes
Allegation comes as abolition of controversial interchange fees appears likely By Charlotte Dennis-Jones
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News
Sainsbury's buys Curley’s in Northern Ireland
Sainsbury’s has bought two supermarkets from independent, Northern Ireland family retail business Curley’s in a multimillion-pound deal.
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News
ScS warns on profits after poor Sales
Furniture retailer ScS Upholstery has delivered another profit warning after a “disappointing” Sale period.
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Opinion
Browett has a long road ahead
Crucial as it is, making the sale is the final point in the retail chain. Knowing what to buy – and buying at the right price – is the starting point.
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News
Co-op’s Marks admits interest in Somerfield
Co-operative Group chief executive Peter Marks said he would consider making a bid for rival chain Somerfield, as Co-op unveiled strong festive food sales.
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News
Bank of England holds interest rate
The Bank of England has held interest rates at 5.5 per cent, dealing a bitter blow to many hard-pressed retailers reeling from poor festive trading.
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News
London shop prices up 2.9 per cent in December
Shop prices in London rose 2.9 per cent in December compared with the same period in 2007, according to figures released by the London Retail Consortium (LRC).
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NewsFat Face sales jump
Fat Face has revealed sales soared 19 per cent to £61.7 million in the six months to December 1.
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News
Carpetright: The City View
Founder Lord Harris called off his attempt to take Carpetright private just before Christmas.
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Opinion
Grocers dominate 2007’s risers as all eyes are on January totals
Last year was a tale of two retail sectors. While grocers’ valuations – buoyed by bid speculation – raced ahead of the All Share index, general merchandisers’ stock sank by almost 26 per cent.
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News
Kesa enters exclusive talks to sell BUT
Anglo-French electricals giant Kesa has confirmed that it is in exclusive talks to sell its French furniture and electricals business BUT to a private equity consortium.
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News
Second term for West End BID
Retailers have voted in favour of a second term for the New West End Company, which operates the area's Business Improvement District.
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News
Instore snaps up Ponden Mill stores
Value retailer Instore has bought 33 of the stores that trade as Ponden Mill, the homewares retailer that went into administration last week.
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News
Carpetright sale collapses
The proposed 850 million sale of Carpetright to its founder Lord Harris has fallen victim to the credit crunch.
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News
Retail sales volumes creep up
The volume of retail sales increased 1.1 per cent in the three months to November, according to the Office for National Statistics.
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News
Retail profit warnings soar in 2007
UK retailers have issued a record number of profit warnings this year, fuelling fears of a high street meltdown this Christmas.
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Opinion
Why Landmark is one to watch
Debenhams’ shares may have hit a record low of 75.5p on Monday, but one party sees value in the department store group.
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News
Stead & Simpson up for sale as fears mount over trading
Footwear chain Stead & Simpson has raised a for-sale sign just six months after refinancing, as speculation mounted that it continues to struggle.