Retail Sector News

Latest News

  • UK stocks bounced off a two-and-a-half-week low on Wednesday morning as market sentiment recovered after a sharp sell-off.

  • Asos saw profits fall by a tenth in the first half as a sharp drop in margins outweighed a strong sales performance, though results were better than analysts had predicted.

  • The Jeremy Clarkson debacle has lessons for investors in consumer firms such as Tesco PLC (LON:TSCO), Marks and Spencer Group Plc (LON:MKS) and Whitbread plc (LON:WTB)

  • Over 100 British company bosses publicly backed Prime Minister David Cameron's Conservative-led government on Wednesday and warned a change of course for Britain's $2.8 trillion economy under a Labour government would put the recovery at risk. Opinion polls ahead of the May 7 election indicate neither Cameron's Conservatives …

  • More Than 100 Business Leaders Back Tories Sky News - 1 hour 17 minutes ago
    More Than 100 Business Leaders Back Tories

    A Labour government would threaten jobs, deter investment and put Britain's economic recovery at risk, according to a letter signed by more than 100 leading business figures. Senior executives from some of Britain's best-known businesses hailed the Government's economic policies, which they claim show that "the UK is open …

  • Asos profits fall 10pc Telegraph - 1 hour 22 minutes ago

    Weak profit in the first half of the year will not stop the company from meeting full-year expectations, Asos said

  • BUZZ-ASOS: H1 beat gives shares a fillip Reuters - UK Focus - 1 hour 33 minutes ago

    ** Online fashion retailer ASOS up 5 pct after posts H1 pretax profit at 18 mln pounds vs analysts' avg forecast of 16.3 mln pounds ** Co confident of in-line FY profit & margin ** Stock shed about a quarter ...

  • UK stocks are set to extend losses on Wednesday morning following a huge sell-off the previous session that sent the Footsie to its lowest in over two and a half weeks.

  • ASOS Profits Take Hit After Warehouse Fire Sky News - 1 hour 40 minutes ago
    ASOS Profits Take Hit After Warehouse Fire

    Online fashion retailer ASOS (LSE: ASC.L - news) has seen its profits hit after last year's warehouse fire. The firm has reported a 10% fall in its pre-tax profit to £18m in the six months to the end of February. In its interim results statement, the company said its profit before tax included "business interruption …

  • Over 100 British company bosses publicly backed Prime Minister David Cameron's Conservative-led government on Wednesday and warned a change of course for Britain's $2.8 trilliom economy under a Labour government would put the recovery at risk. Opinion polls ahead of the May 7 election indicate neither Cameron's Conservatives …

  • ASOS first-half profit falls on investment, lower prices Reuters - UK Focus - 2 hours 52 minutes ago

    British online fashion retailer ASOS (LSE: ASC.L - news) posted a 10 percent fall in first half profit, reflecting investment and lower prices, though the firm said it was confident full-year profit and margin would be in line with expectations. "With our continued investment in our international price competitiveness …

  • Business Leaders Back Tory Economic Policies Sky News - 2 hours 54 minutes ago
    More Than 100 Business Leaders Back Tories

    A Labour government would threaten jobs, deter investment and put Britain's economic recovery at risk, according to a letter signed by more than 100 leading business figures. Senior executives from some of Britain's best-known businesses hailed the Government's economic policies, which they claim show that "the UK is open …

  • ASOS first-half profit falls 10 pct Reuters - UK Focus - 3 hours ago

    British online fashion retailer ASOS said it was confident its full-year profit and margin would be in line with expectations as it posted a 10 percent decline in first-half profit. The firm, which issued ...

  • Analyst warns that B&Q could face "Waterloo sunset" as new French chief executive of DIY chain closes stores

  • The key business leaders who signed the letter to the Telegraph

  • Placed in context, the amount Tidjane Thiam received from Prudential was for a job well done

  • 1630:Close Stocks ended the day sharply lower after Greek bond yields turned higher, ending the day up by 63 basis points at 11.69%. Anglo American was the biggest faller on the last day of the first quarter, ...

  • European stocks close lower on Greece jitters

    London's benchmark FTSE 100 tumbled 1.72 percent to end the day at 6,773.04 points

  • Tobacco, oil & gas and mining stocks knocked the FTSE 100 down on a day of few positives over the course of Tuesday's trading in London.

  • PARIS/MILAN, March 31 (Reuters) - Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market, with combined sales of 1.3 billion euros ($1.4 billion). Net-a-Porter's (NAP) owner Richemont will receive …

  • UK's FTSE ends strong first quarter with sharp drop Reuters - UK Focus - 17 hours ago

    Britain's top share index fell sharply on Tuesday, depressed by weaker tobacco and commodity company shares, but managed to make its biggest quarterly gain since 2013. The FTSE was down 118.39 points, ...

  • DIY retailer Kingfisher soared as it impressed investors with plans to close 60 stores, as new chief executive Véronique Laury announced full-year results and set out her plans for a "very different" ...

  • Royston Wild explains why BT Group plc (LON: BT.A), ASOS plc (LON: ASOS) and Barratt Developments Plc (LON: BDEV) should be on the radar of savvy growth seekers.

  • European stocks drop AFP - 21 hours ago
    European stocks close lower on Greece jitters

    London's benchmark FTSE 100 slid 0.88 percent to stand at 6,830.90 points in midday deals

  • The strong finances of Germany's second-biggest supermarket group REWE mean it is well positioned to pounce on potential acquisitions, its chief executive said on Tuesday after profit grew faster than it expected in 2014. "If market opportunities arise through acquisitions, we are in a position to take advantage of such …

  • Analysts were largely very impressed by the strategic vision nailed to the wall by Kingfisher's new chief executive Véronique Laury as she lifted the lid on some less impressive full-year numbers.

  • Britain's top share index turned lower on Tuesday, hindered by a drop in tobacco companies, but was still headed for its best quarterly gain since 2013, underpinned by a rally in Kingfisher after its trading update. Consumer staple stocks trimmed nearly 16 points off the blue-chip FTSE 100, weighed down by a 2.4 percent …

  • The day after its acquisition of French chain Mr Bricolage collapsed like a ill-fitted shelf, do-it-yourself group Kingfisher said it would close 60 stores as new chief executive Véronique Laury announced ...

  • Roland Head explains why Kingfisher plc (LON:KGF) could be a more profitable buy than Tesco PLC (LON:TSCO).

  • New Kingfisher boss axes 60 B&Q stores in UK Reuters - UK Focus - 22 hours ago

    Kingfisher (LSE: KGF.L - news) , Europe's biggest home improvement retailer, plans to close 60 B&Q stores in Britain over the next two years at a cost of 350 million pounds ($517 million), saying it has too many shops for the size of the market. New Chief Executive Veronique Laury announced the closure of 15 percent of …

  • UK stocks edged higher on Tuesday morning ahead of a busy day for economic data, with B&Q owner Kingfisher leading the rise early on.

  • Kingfisher to shut British home-improvement stores AFP - Tue, Mar 31, 2015 09:30 BST
    Kingfisher to shut British home-improvement stores

    British group Kingfisher, which owns the chains B&Q and Screwfix in Britain as well as Castorama and Brico Depot in France, said it would close the stores over the next two years at a restructuring cost ...

  • B&Q Owner To Shut 60 Stores Amid Profit Slump Sky News - Tue, Mar 31, 2015 09:26 BST
    B&Q Owner To Shut 60 Stores Amid Profit Slump

    The owner of B&Q has announced plans to close 60 DIY stores over the next two years. The move comes amid a 7.5% drop in adjusted pre-tax profit of £675m for Kingfisher (LSE: KGF.L - news) , a chain that operates in the UK, Ireland (Other OTC: IRLD - news) and mainland Europe. Kingfisher told Sky News the closures would …

  • Kingfisher helps put FTSE on track for biggest quarterly rise in 2 years Reuters - UK Focus - Tue, Mar 31, 2015 09:17 BST

    Britain's top share index was heading for its best quarterly gain in two years as it held steady on Tuesday, underpinned by a rally in Kingfisher after its trading update. Shares (Berlin: DI6.BE - news) in Europe's biggest home improvement retailer rose 4.6 percent to the top of the FTSE 100 index after it said it planned …

  • Major European share indexes on track for best quarter in years Reuters - UK Focus - Tue, Mar 31, 2015 09:13 BST

    Shares (Berlin: DI6.BE - news) in Europe's biggest home-improvement retailer were up nearly 5 percent after it said it would close the stores, part of new Chief Executive Veronique Laury's plan to shake up the group. "The new Chief Executive's transformation plan sounds promising, and these results underline why it is …

Next >>