After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Ted Baker in style with shoppers abroad as profits take a big leap March 19, 2015 TED BAKER posted bumper full-year profits yesterday thanks to a strong performance in the US and its rapid expansion into new markets overseas. The quirky fashion retailer, which was founded in Glasgow 27 years ago by its chief executive Ray Kelvin, said profits before tax and exceptional items rose 23.7 per cent to £49.5m for [...]
Jimmy Choo’s sales rise as it strides into Asia March 19, 2015 LUXURY shoemaker Jimmy Choo said it more than halved its losses last year, thanks to its expanding footprint in Asia, despite shouldering £7.8m of initial public offering (IPO) costs. The company, which floated on the London stock market in October, reported a 7.2 per cent rise in earnings before tax, interest, depreciation and amortisation (Ebitda) [...]
FTSE is lifted to a record high post-Budget – London Report March 19, 2015 BRITAIN’S benchmark share index touched record highs yesterday, with gold miners outperforming, after the US Federal Reserve and Bank of England both dampened prospects of interest rate rises in the near term. The FTSE 100 index rose as much as 0.5 per cent to a record high of 6,982.79 points, beating the earlier record of [...]
Homebase snaps up former Tesco exec Echo Lu March 19, 2015 DIY chain Homebase has poaches its latest managing director from the embattled supermarket Tesco. Echo Lu, who was previously head of group business planning and insight at Tesco, will join on April 20. John Walden, chief executive of Home Retail Group, said. Echo has significant, broad-based retail experience both in the UK and the rapidly evolving [...]
Profits dive 73 per cent at Angry Birds maker Rovio, but new 3D film could lead to a second lift-off March 19, 2015 The popularity of Angry Birds has well and truly waned. Rovio Entertainment, the Finnish company behind the video game that soared to success after its launch in 2009, experienced a 73 per cent drop in operating profits to €10m (£7.2m) last year, along with a nine per cent drop in total sales. By comparison, profits [...]
Ted Baker sales and profits driven up by strong performance in Europe and the US March 19, 2015 Ted Baker grew in its established markets last year, and expanded to new areas. The figures During the 53 weeks to 31 January, Ted Baker's retail sales rose 18.4 per cent to £306.9m, while pre-tax profits jumped to £49.5m – 20.4 per cent higher than in 2013. This exceeded the British fashion brand's expected profit [...]
Next share price falls after it cautions over year ahead March 19, 2015 The figures Next said that total sales for the year to the end of January rose seven per cent to £4bn, up from £3.7bn a year earlier. Pre-tax profit jumped 12.5 per cent to £782.2m, up from £695.2m a year earlier. This was at the upper end of expectations set in December which forecast full-year pre-tax [...]
Zara owner to trim investment as sales jump March 18, 2015 INDITEX, the Spanish owner of the Zara fashion chain, expects to trim investment in 2015 after a recovery in its biggest European markets, alongside a store and online expansion, boosted profit by five per cent. The clothing giant, which also owns Massimo Dutti, Bershka and Pull & Bear, said it expected capital expenditure to fall [...]
BHS parent Retail Acquisitions appoints property consultants to “review” store portfolio March 18, 2015 Retail Acquisitions has appointed property consultants to review BHS' 171-strong store portfolio, as the new owner gets to grips with its loss-making business. BHS had already taken the decision to shut its Oxford and Foss Park stores ahead of Sir Philip Green's sale of the business, and these will close their doors “in the coming [...]
Sainsbury’s says fightback plan paying off March 17, 2015 SAINSBURY’S chief executive Mike Coupe said the supermarket chain was seeing “some signs of recovery” after launching a £150m fightback plan last year, despite underlying sales falling for the fifth quarter in a row. Like-for-like sales, excluding fuel, fell by 1.9 per cent in the 10 weeks to 14 March, its final quarter, with sales [...]