All Studio Retail articles – Page 6
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NewsFindel to raise £80m for investment and to cut debt
Multichannel specialist Findel wants to raise £80m of equity through a rights issue to pay down debt and invest in key areas.
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NewsFindel profits up as it seeks to raise £80m through rights issue
Mulitchannel specialists Findel operating profits more than doubled from £0.9m to £1.9m in its home shopping arm in the 26 weeks to October 1.
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NewsFindel profits to fall by £7m this year
Home shopping group Findel expects full-year profits to come in £7m below its expectations after contract delays at its educational division and accounting changes.
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NewsIn Focus: Findel
For years Findel was a well-respected, profitable home shopping and educational supplies business. Group sales hit £300m in 2002, peaking at close to £650m six years later.
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NewsFindel appoints Roger Siddle as chief executive
Home shopping group Findel has appointed Roger Siddle as its chief executive with immediate effect.
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NewsFindel considers sale of Express Gifts
Multichannel retailer Findel is understood to be considering a sale of its home shopping business, Express Gifts, as part of an ongoing restructure by the listed company.
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NewsMorrisons and Sainsbury’s defy poor week for shares
General retail shares suffered another bad week when they once again underperformed the All Share index.
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NewsCustomers are left in the dark as Confetti goes into administration
The collapse of wedding specialist Confetti has sparked anger among customers who fear plans for their big days are in ruins.
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NewsConfetti placed into administration
Wedding specialist Confetti has been placed into administration less than a week after it was bougth from home shopping group Findel by The Hut Group.
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NewsFindel sells loss making arm
Home shopping group Findel has sold its loss- making arm CWIO to The Hut Group to help reduce its debt.
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NewsFindel instigates review after losses reach £76.1m
Findel has instigated a full review of its business after losses widened for the group in what it described as a “challenging year”.
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NewsLosses widen at Findel
Home shopping group Findel has increased losses to £76.1m in its full year to April 2, from £57.4m the year before.
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NewsRetailers in favour despite hike in VAT
Retailers can live with the effects of Tuesday’s emergency Budget: that was the snap judgement of store chiefs and investors alike to the Chancellor’s announcement.
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NewsFindel profits reduced after accounting errors found
Home shopping firm Findel has said its full-year profit will be reduced by £6.4m after it found accounting errors in its education division.
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Budget drives rise in stock held by short sellers
The proportion of some of the biggest retailers’ stock held by short sellers has risen on the back of uncertainty about the sector’s prospects ahead of next week’s emergency Budget.
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NewsUncertainty hits food and general retailers
The week in retail was dominated by the surprise announcement of Sir Terry Leahy’s plans to retire as chief executive of Tesco next March. Tesco shares fell more than 2% on Tuesday as the City digested the news, but analysts were happy with the appointment of Tesco veteran Phil Clarke ...
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NewsOnline retailer Kitbag trials first pop-up shop
Online sports retailer Kitbag makes its first foray into bricks and mortar today with a pop-up shop to celebrate this year’s football World Cup.
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NewsCarphone Warehouse riding high on back of demerger
The launch of US electricals giant Best Buy in the UK grabbed the headlines this week, but it was also parent company Carphone Warehouse’s first trading update since its demerger last month.
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NewsFindel profits to be below expectations
Home shopping group Findel has reported full year sales up 1% to £582m but said it pre-tax profits would be below expectations after a review of some of its accounting entries.
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NewsLow inflation deals blow to grocers’ shares
The lowest food inflation in three years may make life more difficult for the big grocers, whose shares have been lagging their general merchandise counterparts.