All City & finance articles – Page 571
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News
John Lewis sales hit by warm weather and rugby
Department store John Lewis posted a dip in sales for the week ending October 6, as strong comparables from last year, warm weather and the rugby world cup hit sales over the weekend.
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News
Focus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of 68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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News
WHSmith profits rocket
WHSmith has reported soaring group profits, but both total and like-for-like sales dropped.
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News
N Brown ramps up ad spend as figures excel
N Brown will up its ad spend by between 5 million and 6 million in the second half to attract more online customers and increase awareness of its brands.
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News
Halfords motors ahead with a like-for-like uplift in first half
Motor accessories retailer Halfords reassured that the wheels were not coming off its business as it posted a like-for-like sales jump of 5.5 per cent in the 26 weeks to September 28.
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News
Iceland to break profit record as sales rocket
Iceland is on track to post its best profits to date this year, driven by soaring sales and delivery of greater efficiencies.
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News
US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.
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News
Baugur snaps up stake in Sports Direct
Serial investor Baugur has taken a stake in beleaguered retailer Sports Direct.
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News
Theo Fennell boss to exit as sales soar
Theo Fennell managing director Barbara Snoad is to leave at the end of this year after six years at the upmarket jeweller.
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News
Thorntons celebrates stellar first quarter
Thorntons has reported strong trading in its first-quarter update.
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News
Carphone Warehouse UK marketing director leaves
Carphone Warehouse’s UK marketing director Dominic Rowell has left the retailer.
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News
EBTM widens losses after year of growth
Music-inspired fashion e-tailer EBTM (Everything But The Music) has increased its turnover to 1.4 million after a year on the acquisition trail, but still made a loss overall.
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News
Sainsbury's sales climb
Sainsbury’s revealed second-quarter sales rose 4.7 per cent (excluding fuel), in line with company expectations.
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News
Retailers fear Budget means £100m tax hit
Proposals to allow shire counties and the Greater London Authority to tax businesses to fund local projects will cost retailers 100 million.
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News
Pension row threatens Sainsbury's deal
The 10.6 billion takeover of Sainsbury’s by Delta Two will not be backed by founding family shareholders unless the Qatari investment fund agrees to inject 2 billion into the deficit-hit pension fund.
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News
Clinton Cards prelims impress
Clinton Cards has posted preliminary results ahead of City expectations.
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News
Strong first half for N Brown
Home shopping group N Brown has delivered strong first-half results, with like-for-like sales up 10.6 per cent.
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News
Retail sales up 3 per cent
UK retail sales rose 3 per cent on a like-for-like basis last month, compared with September 2006 when sales were up 2.4 per cent, according to the British Retail Consortium (BRC).
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News
Lord Harris on brink of making Carpetright bid as sales soar
Lord Harris, chairman and chief executive of Carpetright, is poised to make a cash offer for the retailer after receiving the go-ahead to make a bid from the carpet retailer’s board.
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Opinion
Will Sainsbury's recovery be sustained under Delta Two?
Sainsbury’s will post its second-quarter results on Wednesday, providing another key reading of the UK retail barometer ahead of the critical Christmas trading period.