All City & finance articles – Page 232
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NewsAgenda: Asda updates and ONS retail sales data
Retail Week looks ahead to the next seven days, with an update from Asda and inflation and retail sales data from the ONS on the agenda.
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NewsSuperdry sales up but soaring wholesale hits margins
Superdry’s sales shot up in its half year, boosted by a stellar performance in its wholesale division.
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NewsHalfords profits down despite strong retail performance
Halfords profits dipped at the half-year mark despite a strong performance in its retail services division.
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NewsSainsbury's profits drop as investment hits bottom line
Sainsbury’s has suffered a slump in half-year profitability as investments in price, increasing labour costs and Argos losses hit its bottom line.
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NewsBurberry profits rise as it reveals new strategy
Burberry’s profits and sales have risen, with the luxury group setting out a transformation plan for its future growth.
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NewsM&S profits slip as finance boss Weir steps down
Marks & Spencer has posted a fall in half-year profitability and revealed that its chief finance officer Helen Weir is quitting the business.
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NewsHobbs bought by Phase Eight and Whistles owner Foschini
Phase Eight and Whistles owner The Foschini Group (TFG) has acquired upmarket womenswear retailer Hobbs for an undisclosed sum.
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OpinionOpinion: Next can’t keep blaming it on the weatherman
“Maybe I can pray. Maybe I can wait. Maybe I can blame it on the weatherman.”
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NewsConviviality sales fizz fuelled by store upgrades
Conviviality has posted strong sales and like-for-like growth at the half-year mark as its store improvement strategy bears fruit.
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NewsPrimark profits rise and sales jump driven by UK
Primark recorded healthy rises in its preliminary profits and sales bolstered by its UK division, which defied the wider fashion downturn.
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OpinionM&S: Norman and Rowe could be a dynamic duo
Marks & Spencer takes centre stage this week when it unveils interim results on Wednesday.
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NewsGap’s UK losses widen as sales tumble
Gap’s UK losses have widened amid falling sales as the US-headquartered retailer grapples with a punishing fashion market.
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OpinionThe interest rate rise is a poor excuse for retailers
Moaning about a minuscule rise in interest rates is little more than looking for an excuse for poor performance, says John Ryan.
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NewsMarks & Spencer expected to push on with store closures
Marks & Spencer is expected to drive on with a store closure plan and the shutters could come down on more branches.
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NewsFootasylum shares surge on stock market debut
Footasylum shares soared on the retailer’s stock market debut, valuing the business at close to £200m.
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NewsApple profits spike as it predicts record festive sales
Apple has posted a spike in fourth-quarter earnings and predicted record sales during the golden quarter, despite whispers of sluggish demand for new iPhones.
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NewsAgenda: Primark, New Look, M&S and Sainsbury's
Retail Week looks ahead to the next seven days, with updates from Primark, New Look, M&S, Sainsbury’s and Halfords on the agenda.
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NewsTesco's Lewis kept in dark over inflated profits, court told
Tesco boss Dave Lewis was kept in the dark about inaccuracies in the grocer’s 2014/15 half-year accounts, a court heard today.
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AnalysisAnalysis: How the interest rate hike will affect retail
The Bank of England issued its first base interest rate rise in a decade earlier today, upping it to 0.5%.
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NewsOasis and Coast unveil profit lift as Warehouse falters
Oasis was the fashion group’s star performer in the year to February 28, 2017, registering a jump in profit and sales.