All City & finance articles – Page 301
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NewsSports Direct ups credit facility and halts borrowing from Mike Ashley
Sports Direct has increased its revolving credit facility with banks to £788m after “unjustified criticism” over loans from owner Mike Ashley.
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NewsAgenda: MySale interims and Wickes owner Travis Perkins full-years
Retail Week looks ahead to next week with MySale’s interim results and full-year figures from Wickes owner Travis Perkins on the agenda.
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OpinionOpinion: High-stake Brexit debate demands retail engagement
The EU referendum outcome will be a pivotal moment in UK history and as the largest private employer our industry must join the debate.
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NewsMobile sales exceed desktop purchases for first time ever
Online sales via mobile devices surpassed those made from computers in the fourth quarter of 2015/16, research by IMRG has revealed.
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AnalysisAt a glance: Steinhoff, the furniture giant vying with Sainsbury's for Argos
Steinhoff has grown from humble beginnings selling cheap furniture into a household goods and general merchandise giant spanning 30 markets.
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OpinionNick Bubb’s verdict: Sainsbury’s and Argos – does pride go before a fall?
With mighty Steinhoff wading into the Home Retail battle, Sainsbury’s may regret being seen to be so keen on the Argos deal.
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NewsSainsbury's handed extension in battle for Argos owner Home Retail
Sainsbury’s has been granted an extension to its looming deadline to table a firm bid for Home Retail Group, which owns Argos.
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NewsWhole Foods swings to profit in UK but warns of future 'uncertainties'
Whole Foods has swung to full-year profit but warned of “uncertainties” surrounding its future growth prospects in the UK.
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NewsSainsbury's to seek extension from Takeover Panel in Home Retail bid
Sainsbury’s is poised to ask for an extension to tomorrow’s cutoff to make a bid for Home Retail Group, following Steinhoff’s rival offer.
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AnalysisPrimark trading picks up following tough Christmas: What the analysts say
Primark sales are expected to grow by 4% in the first half with stabilised like-for-likes, ABF has reported. Here’s the City’s reaction.
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OpinionOpinion: Argos bid interest shows the retailer still remains relevant
Steinhoff’s bid to acquire Argos demonstrates the strength of the general merchandise retailer, despite its recent trading troubles.
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DataData: Retail share price index – February 19, 2016
February 19, 2016: This week’s data on the biggest risers and fallers plus a comprehensive list of share price results in the retail sector.
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NewsNordstrom fourth-quarter profits dented following heavy discounting
Nordstrom has suffered a steep drop in fourth-quarter profits after heavy discounting took its toll on the US retailer’s bottom line.
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AnalysisAnalysis: Walmart's US momentum can be replicated overseas
Walmart described its fourth quarter performance as “solid”, reflecting its momentum in the US, while overseas provided more of a headache.
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AnalysisSteinhoff joins Sainsbury's in race for Argos: What the analysts say
Steinhoff has made a cash bid to rival Sainsbury’s efforts to acquire Argos owner Home Retail Group. This is what the analysts said.
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OpinionOpinion: Why 2016 will be a make-or-break year for Andy Clarke at Asda
Given that Asda was about to unveil the worst quarterly sales performance in its history, boss Andy Clarke was remarkably positive.
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NewsJoules looks poised for £150m stock market listing this spring
Joules, the fashion retailer famous for its colourful clothes, is eyeing an IPO that could value the business at about £150m.
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NewsPrimark rebounds after tough Christmas as sales increase
Sales at value giant Primark are expected to be 7.5% up on last year in the first half, despite a challenging Christmas.
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NewsSainsbury’s chiefs consider options over bid for Argos
Sainsbury’s bosses led by chief executive Mike Coupe are considering how to proceed ahead of a deadline tomorrow to table an offer for Argos.
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NewsSteinhoff joins battle with Sainsbury's for control of Argos with £1.4bn offer
South African retailer Steinhoff has thrown its hat into the ring for control of Argos after making a higher offer for the business than is on the table from rival suitor Sainsbury’s.