All City & finance articles – Page 329
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OpinionMike Ashley looks match-fit to tackle the value sector
If he can do with general merchandise what he has done in sportswear and fashion, Mike Ashley could be about to move up into the value sector’s Premier League.
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NewsAo.com reports pre-tax loss of £2.9m as Europe business hit by start-up costs
Ao.com has posted a pre-tax loss of £2.9m for the year as its European business was hit by a start-up loss of £8m after its launch in Germany.
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NewsNew Look strategy proves fruitful as full-year profits increase
New Look full-year profits increased as the retailer accelerates in multichannel as well as in UK and international growth.
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NewsMichael Kors like-for-likes fall as accessory demand weakens in US
Luxury lifestyle retailer Michael Kors has reported its slowest quarterly growth in North America since it listed in 2011.
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AnalysisAnalysis: What can retailers do to survive the currency crisis?
Retailers with an overseas presence are being hit by currency fluctuations, but there are several ways they can mitigate the effects.
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NewsSnow & Rock Group sold to Cotswold Outdoor owner AS Adventure Group
AS Adventure Group has stepped up its interest in UK retail by snapping up the Snow & Rock Group from LGV Capital for an undisclosed sum.
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NewsDublin department store Arnotts bought by Fitzwilliam Finance Partners
The battle for Irish department store Arnotts has come to an end after Fitzwilliam Finance Partners acquired its rival Apollo’s 50% stake.
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NewsMorrisons faces shareholder protest after Dalton Philips' £3m payout
Morrisons is braced for a shareholder protest over the £3m payout received by the grocer’s former chief executive, Dalton Philips.
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NewsErnest Jones owner Signet's sales rise driven by strong UK performance
H Samuel and Ernest Jones owner Signet recorded a jump in first-quarter sales after its UK arm delivered a strong life-for-like increase.
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NewsMountain Warehouse profits surge as cycling and ecommerce business booms
Mountain Warehouse sales and profits for the year have surged as it benefits from the cycling craze and its rapidly expanding ecommerce business.
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NewsGeneral election result dents consumer confidence in May
Consumer confidence fell in May, with a survey suggesting it could have been hit by the election of a Conservative government.
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NewsSports Direct reveals company profits ahead of expectations
Sports Direct owner Mike Ashley said the business’s performance is running ahead of expectations, at the retailer’s AGM yesterday.
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NewsFindel to keep hold of Kitbag business as it decides not to sell
Home shopping group Findel has decided not to sell its sports retail business Kitbag following a strategic review.
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NewsInfographic: Sunny weather hits bank holiday footfall at John Lewis
John Lewis sales dipped over the bank holiday as consumers basked in the sun, but Waitrose benefited from perfect picnic weather.
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VideoThe Retail Week: Mothercare results, new store Tapi and Amazon's sales
Content editor Nicola Harrison and executive editor George MacDonald discuss the top stories from the past seven days.
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AnalysisKingfisher's sales and profits edge up: What the analysts say
Kingfisher’s profits edged up in its first quarter despite the retailer being hit by currency fluctuations. Here is what the analysts say.
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NewsApplegreen seeks £50m from float as convenience battle hots up
Petrol forecourt retailer Applegreen aims to raise £50m from a float as convenience food market competition intensifies.
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NewsScrewfix boosts Kingfisher but profits dampened by currency woes
Kingfisher’s boss said it has made a “solid” start to the year helped by a 15.4% jump in like-for-likes at its Screwfix business.
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NewsUniqlo swings to profit in Europe after UK and France merger
Uniqlo has swung to a profit in Europe for the year after a merger of its UK and French operations helped it double sales.
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NewsAhold first-quarter revenues drop as price war takes toll on margins
Dutch grocery giant Ahold reported a drop in revenues during its first quarter as cut-price deals took their toll on profit margins.