All City & finance articles – Page 325
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NewsTesco board grilled at AGM, but shareholder revolt fails to materialise
Tesco bosses faced a grilling at its AGM, but a shareholder revolt over directors’ pay failed to materialise after all its resolutions were passed.
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NewsTesco shows signs of recovery: What the analysts say
Tesco this morning reported a 1.3% drop in first-quarter UK like-for-likes, a lesser-than-expected decline. Here is what the analysts say.
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NewsLive Blog: Tesco bosses face shareholders at grocer’s AGM
Tesco chairman John Allan and chief executive Dave Lewis both face their first AGM since joining the grocer, after what has been a torrid year. Follow our live blog from the meeting.
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NewsDefiant Dave Lewis insists his turnaround plan is 'improving' Tesco
Tesco boss Dave Lewis has insisted the changes he has implemented are having a positive effect in his bid to turn around the grocer.
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NewsJohn Browett to join Dunelm as chief executive designate
Former Monsoon and Dixons boss John Browett is to join home specialist Dunelm, where he will take over as chief executive next year.
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NewsTesco recovery programme starts to bear fruit despite sales fall
Grocery giant Tesco is beginning to feel the benefits of its recovery programme despite a further sales fall in the first quarter.
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NewsBreakfast briefing: Retail news on B&M, Nisa and Tesco
Retail news round-up on June 26, 2015: Pay rise for B&M boss, Nisa hit by grocery price war and Tim Mason eyes bid for Tesco’s Dunnhumby
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NewsWomenswear retailer East to close 19 stores after pre-pack administration
Womenswear retailer East is closing 19 stores and five concessions across the UK after slipping into administration.
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NewsDebenhams like-for-likes flat as promotional changes dent third-quarter sales
Debenhams like-for-like sales remained flat in its third quarter, as bosses blamed promotional changes for “diluting” sales.
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NewsEx-Thorntons chairman: Ferrero can halt chocolatier's 'fatal' decline
A Thorntons family member who formerly chaired the retailer believes its decline “would have been fatal” had Ferrero not stepped in to acquire it.
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AnalysisTesco will take heart from sales volumes, but analysts urge caution
Tesco is expected to take heart from a rise in sales volumes across some of its key categories when it unveils its first-quarter sales on Friday.
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OpinionWill next week bring news of an international deal for Ocado?
When Ocado releases its interims next week interest is as likely to be focused on news about international prospects as its domestic market.
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NewsMarks & Spencer’s margin focus dents its apparel market share
Marks & Spencer has lost clothing market share as its resists the temptation to discount items, latest industry data shows.
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VideoWatch: What you need to know about the Thorntons deal in 45 seconds
As Ferrero moves to acquire Thorntons, we explain how the businesses got where they are today and the impact of the deal on the market.
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AnalysisAnalysis: Why Ferrero is acquiring Thorntons and what it means for business
Italian confectioner Ferrero has agreed a deal to acquire chocolatier Thorntons for £112m. We take a look at Ferrero and what’s behind the bid.
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NewsLidl owner Schwarz seeks to break €100bn sales barrier in next five years
Lidl holding company Schwarz Group hopes to make €100bn (£72bn) in sales per year within the next five years by increasing sales by more than a quarter.
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NewsMarks & Spencer revises online sales total after factoring in returns
Marks & Spencer has revised its online sales for the past four years to factor in items that were bought online but returned to stores.
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NewsChocolate firm Ferrero strikes £112m deal to acquire Thorntons
Italian chocolate producer Ferrero has unveiled plans to acquire fellow manufacturer and retailer Thorntons for about £111.9m.
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NewsTesco faces shareholder backlash over Philip Clarke's pay-off
Tesco is facing a shareholder backlash at its annual general meeting on Friday over the pay-offs it gave to its former chief exec and finance director.
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NewsHouse of Fraser sales jump as online continues to build momentum
House of Fraser’s like-for-like sales rose 8.1% in its first quarter, as its ecommerce platform gained further momentum.