All City & finance articles – Page 339
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CartoonBlower’s retail cartoon: Sir Philip sells BHS to Retail Acquisitions
Retail Week cartoonist Patrick Blower’s take on Sir Philip Green selling struggling retailer BHS to Retail Acquisitions.
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NewsWickes owner creates 4,000 new jobs across the UK
Wickes owner Travis Perkins is creating 4,000 new jobs over the next four years predominantly outside London and the Southeast.
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OpinionNick Bubb’s verdict: Next – sensibly cautious or crying wolf?
Nobody believed the boy who cried wolf all the time, but could Lord Wolfson be right to be cautious about the outlook for 2015/16?
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NewsJones Bootmaker and Brantano parent plans to sell retailers this year
Macintosh Fashion UK, which owns Jones Bootmaker and Brantano, plans to sell the footwear retailers within the next nine to 12 months.
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NewsTed Baker boss Ray Kelvin hails 'excellent year' as sales and profits jump
Fashion retailer Ted Baker’s profit before tax and exceptional items increased 23.7% to £49.5m in the year to January 31.
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NewsNext sales and profits up but chief Lord Wolfson remains cautious on outlook
Next’s full-year sales and profits increased but the retailer’s chief executive Lord Wolfson remains cautious on the outlook.
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NewsBreakfast Briefing: Retail news on Inditex, Aldi and Wickes
Retail news round-up on March 18, 2015:Inditex reports annual profit up 5%, Wickes launches Let’s Do It Right campaign, Aldi unveils £2.5m Easter TV campaign
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NewsSamsonite sales surge as it prepares aggressive drive on retail sales
Luggage manufacturer Samsonite has reported its highest ever sales figure after a 17% surge last year, as it prepares to push its direct retail sales.
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OpinionComment: Morrisons’ disclosure of commercial income should be replicated by others
Morrisons struck a blow for transparency when it posted full-year figures last week and opted to provide “enhanced disclosure” of commercial income.
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AnalysisSainsbury’s sales dip again: what the analysts say
Sainsbury’s has recorded a fifth consecutive drop in like-for-like sales and is warning of a “challenging 2015”. Here’s the analysts’ view.
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NewsFrench Connection reduces losses but like-for-like sales fall
French Connection has reported smaller losses for the year as it continues its turnaround plan, but like-for-likes in its retail division have continued to fall.
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NewsBreakfast Briefing: Retail news on Tesco, BHS, Argos and more
Retail news round-up on March 16, 2015: Naked Wines considers stake sale or float; Nick Lansley quits Tesco Labs; and Sir Philip Green demands and new BHS owners agree to top up pension deficit.
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NewsSofaworks sells stake to Ao.com investor as it seeks to expand store estate
Family-owned Sofaworks has sold a stake in its business to Ao.com investor Bill Holroyd and the Greater Manchester Combined Authority (GMCA).
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NewsAo World chairman 'remains committed' despite selling £10m stake
Ao World bosses insist its non-executive chairman Richard Rose “remains committed to the company” despite selling a £10m stake in the etailer.
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NewsBreakfast Briefing: Retail news on Naked Wines, Tesco and BHS
Retail news round-up on March 16, 2015: Naked Wines considers stake sale or float; Nick Lansley quits Tesco Labs; and Sir Philip Green demands and new BHS owners agree to top up pension deficit.
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NewsTycoon Sir Philip Green sells BHS to Retail Acquisitions
Tycoon Sir Philip Green has sold his BHS department store chain for an undisclosed sum.
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NewsJohn Lewis Partnership profits and bonus down as grocery competition bites
John Lewis Partnership has cut its company-wide bonus to 11% after annual pre-tax profits fell 9% because of intense competition in the grocery sector.
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NewsAsos reports 'encouraging momentum' as UK and international sales grow
Fashion etailer Asos has reported a 19% jump in sales for the three months to February 28, driven by strong performance in the UK.
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NewsHome Retail Group suffers 'weaker' sales as demand for electronics slumps
Argos and Homebase owner Home Retail Group experienced a “weaker” finish to the year to February 28, which dented its sales figures.
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NewsBreakfast Briefing: Retail news on food suppliers, Amazon, footfall and more
Retail news round-up on March 12, 2015: Food suppliers scared to reveal supermarket bullying, Amazon Exclusive store launches, UK retail footfall increases and online sales continue to grow.