All City & finance articles – Page 282
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NewsFindel admits ‘need to improve’ after drop in full-year profits
Findel has reported a 10.6% drop in pre-tax profits before exceptionals to £24.8m following a “more challenging than expected” year.
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NewsCost of national living wage and Brexit uncertainty hits retail jobs
Jobs in the retail sector could fall to their lowest level in five years as the cost of the national living wage (NLW) starts to take its toll on retailers.
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NewsTed Baker reveals soaring sales amid ‘challenging conditions’
Ted Baker has revealed an uplift in sales despite “challenging external trading conditions” as it continues to expand internationally.
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OpinionOpinion: Sainsbury’s Rogers is a good choice to run Home Retail
The dismal demise of BHS and resulting fall-out is a reminder that, today more than ever, retail cannot afford to stand still.
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NewsTesco inks deals to sell Giraffe chain and Turkish business
Tesco has confirmed plans to sell its Giraffe restaurant chain and its controlling stake in Turkish grocery business Kipa.
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NewsIceland posts flat full-year profits as performance stabilises
Frozen food specialist Iceland has posted flat full-year earnings and the rate of like-for-like sales decline has moderated.
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NewsBonmarché falls victim to tough trading conditions as profits slide
Womenswear retailer Bonmarché has posted a fall in full-year earnings after suffering amid tough trading conditions.
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NewsSainsbury’s finance chief John Rogers to become boss of Home Retail
Sainsbury’s finance supremo John Rogers is to become chief executive of Home Retail after the grocer’s takeover of the Argos owner.
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AnalysisInfographic: Matalan's profits take a hit, plus the latest retail sales stats
The week in words and numbers, June 10, 2016: Walmart’s Dave Cheesewright on Asda, Matalan’s figures and the latest retail sales stats
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NewsAgenda: Ted Baker, N Brown and Sir Philip Green faces MPs
Retail Week looks ahead to next week with updates from Ted Baker and N Brown, while Sir Philip Green is due to face MPs over BHS’s collapse.
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NewsTesco to sell Giraffe restaurant chain to Harry Ramsden's owner
Boparan Ventures has emerged as the mystery buyer behind the acquisition of the Giraffe restaurant chain from Tesco, reports Sky News.
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NewsArgos like-for-like sales flat as Sainsbury’s Home Retail deal nears
Home Retail Group reports sales at Argos levelled off, although total sales growth was the most significant for eight quarters.
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NewsBHS inquiry: Chappell claims former owner Green stymied rescue sale to Ashley
Dominic Chappell told MPs that former BHS owner Sir Philip Green is to blame for the department store group’s demise.
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NewsBoohoo reports sales rise and improved profitability as investment pays off
Online fast fashion retailer Boohoo has posted a surge in sales along with further growth in its active customer numbers.
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NewsSainsbury's boss Coupe 'confident' on Argos deal despite CMA probe
Sainsbury’s boss Mike Coupe insisted he is “confident” the acquisition of Argos will go ahead despite a probe by the competition watchdog.
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NewsWHSmith like-for-likes flat as high street sales slide
WHSmith has reported flat like-for-likes in its latest quarter as its high street business posted a sales drop, but travel performed strongly.
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NewsAo.com full-year losses widen, new chairman revealed
Ao.com’s full-year operating losses have widened as investment in Germany and costs from launching in the Netherlands took their toll.
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NewsSainsbury's first-quarter like-for-likes slide 0.8% as price war bites
Sainsbury’s has posted a 0.8% slip in first-quarter like-for-likes as food price deflation and the grocery price war continues to bite.
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OpinionOpinion: Asda’s turnaround won’t just be about price cuts
The drums of war are beating in Bentonville. That was the City view as grocery shares were marked down after Asda parent Walmart’s AGM last week.
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NewsNew Look profits and sales rise as China expansion drives growth
New Look has reported an increase in full-year profits and sales in what boss Anders Kristiansen has hailed as a “milestone year”.