All City & finance articles – Page 324
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NewsPromotional market hits Marks & Spencer clothing revival
Marks & Spencer has reported a flat first-quarter for clothing and home furnishings but says it is on course to improve margins for apparel.
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NewsEx-Majestic Wine boss Lewis pocketed almost £1m during final year in charge
Former Majestic Wine boss Steve Lewis took home close to £1m during his final year at the retailer, including a £416,000 payoff.
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NewsHalf of Wilko founding family secures £63m from stake sale
One half of the family behind value chain Wilko collected £63m from selling its stake in the retailer last year, new documents have revealed.
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NewsApple reveals 19% drop in UK retail profits as sales flatline
Apple recorded an 18.6% drop in full-year profits from its UK retail operations last year, after it was hit by wage and rent rises.
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NewsJD Sports aims to open stores in every large European city
JD Sports boss Peter Cowgill has vowed to have a store in “every major city in Europe” after unveiling a new flagship on Oxford Street.
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NewsGovernment rules out legal action against Comet directors after probe
The Government has ruled out any action against the former directors of Comet after concluding a two-year investigation into its collapse.
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NewsBreakfast briefing: Retail news on Lidl, Ikea and Dollar Tree
Retail news round-up on July 3, 2015: Lidl funded by World Bank, Ikea plans Autralian ‘mini stores and Dollar Tree wins approval for Fmaily Dollar deal
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NewsDirect Golf reveals sales recovery after Sports Direct deal
Direct Golf has reported a drop in full-year sales and profits, but says it is on track for a record performance in its current financial year.
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NewsBrightHouse profits rise despite 'challenging' year of political uncertainty
BrightHouse has recorded a jump in pre-tax profits and sales for the year in the face of a “challenging” year created by political upheaval.
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NewsTopps Tiles like-for-likes jump in third quarter as market share grows
Topps Tiles’ like-for-like sales have jumped 5.9% during its third quarter as the retailer continues to grow its market share.
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AnalysisCarpetright profits surge as turnaround gathers pace: What the analysts say
Carpetright has recorded a big increase in pre-tax profits as its turnaround continues apace. Here is what the analysts say.
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NewsOcado half-year sales and EBITDA rise: What the analysts say
Online grocer Ocado has reported an 11.4% jump in half-year EBITDA driven by a strong uplift in retail sales. Here is what the analysts say.
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OpinionComment: Wilf Walsh sets off on a magic carpet ride as profits rise
Until his surprise appointment as Carpetright boss, former HMV man Wilf Walsh was more associated with Inspiral than inspiring carpets.
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NewsOcado half-year sales boosted by broader customer base
Ocado has reported a healthy rise in half-year EBITDA after a 15.7% lift in retail sales, despite ongoing price deflation in the grocery market.
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NewsCarpetright pre-tax profits jump as bid to reposition brand progresses
Carpetright declares year of “significant progress” as underlying pre-tax profits more than treble.
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NewsBreakfast Briefing: Retail News on Tesco, insolvencies, Ireland sales
Retail news round-up on June 30, 2015: Tesco director denies ‘funding crisis’, retail sector registers highest level of insolvencies, May sales in Ireland decline
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VideoWatch: What the Greek debt crisis means for British retailers in 60 seconds
As the Greek referendum on the new bailout deal looms, we explain how some British retailers are preparing for a variety of outcomes.
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NewsOcado closes in on international deal as it prepares to unveil sales rise
Online grocer Ocado is closing in on a deal with an international retailer as it prepares to unveil its half-year results later this week.
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NewsBravissimo posts rise in full-year profits and sales
Lingerie retailer Bravissimo has revealed a boost in sales and pre-tax profits in its full-year results.
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NewsBrait completes New Look acquisition and installs new chairman
South African investment group Brait has completed its acquisition of New Look and installed its chief executive as non-executive chairman.