All City & finance articles – Page 352
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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.
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NewsRetail Week Live: House of Fraser engagement boss on the challenges of start-up investment
House of Fraser head of online engagement Madeleine Melson said it had been challenging to convince the finance department to put money aside to invest in new technologies from start-up companies.
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NewsN Brown issues another profit warning as price investment hits margin
N Brown has issued its second profit warning in six months after “tactical and strategic” price investments.
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OpinionComment: Next’s Lord Wolfson sets the tone on retail prospects
When the fashion retailer posts results next week its boss’s views will influence sentiment towards the entire retail industry.
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NewsOcado reports first quarter sales up 19% despite 'challenging' conditions
Online grocer Ocado has reported a 19.2% spike in sales for the 12 weeks ending February 22, 2015.
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NewsBreakfast Briefing: Retail news on Tesco, Mulberry and retail sales
Retail news round-up on March 10, 2015: Tesco pulls Schweppes drinks, Mulberry boss to be annouced soon, and retail spending up in February
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NewsFoot Locker fourth-quarter profits jump by 25% as sales surge
Foot Locker has reported a surge in sales and profits for its fourth quarter as it benefits from consumers choosing workout gear over more traditional leisure wear.
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NewsM&S to offer shareholders discounted gift card alongside dividend
Marks & Spencer shareholders are to be offered a discounted gift card instead of a dividend payment under the retailer’s new plans.
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NewsMorrisons former chief Dalton Philips to receive £3m payout
Morrisons’ ousted former boss, Dalton Philips, is to receive a £3m pay-off despite presiding over a period of tumbling sales and profits.
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NewsBreakfast Briefing: Retail news on Tesco, Bhs, Morrisons and more
Retail news round-up on March 9, 2015: Boss in charge of in-store dining at Tesco steps down, Ex-BHS director joins bid to buy chain from Sir Philip Green, Morrisons’ ex-chief Dalton Philips to receive £3m in pay-off
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NewsRetail investor Alteri hires Magnus Mattsson as chief investment officer
Retail investor Alteri Investors has appointed Magnus Mattsson to the newly created chief investment officer role to drive its activity across Europe.
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OpinionNick Bubb’s verdict: Does DFS stand for Dull Furniture Sale?
The lukewarm reception from investors to the DFS Furniture IPO does not augur well for New Look’s chances of trying to float again.
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NewsDFS valuation drops £40m as it sets share price at lower end of range
DFS has set its share at the lower end of the marketed range as it floats today in a move that reduces the value of the company to £543.2m.
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NewsNew Look to move into new London flagship in Oxford Circus
New Look is to move into a 31,800 sq ft flagship store in London’s Oxford Circus in 2017.
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NewsEtsy to float on New York Stock Exchange as it seeks to raise $100m
Online craft marketplace Etsy has filed its intention to float on the New York Stock Exchange as it seeks to raise $100m (£66m) from the IPO.
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NewsBreakfast Briefing: Retail news on Amazon, Farfetch and Harvey Norman
Retail news round-up on March 5, 2015: ASA bans Amazon’s misleading Prime ‘free trial’ ad, Farfetch raises financing, Harvey Norman reduces Irish losses
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OpinionComment: Ao.com may have wobbled but it has not wilted
Ao.com has had a turbulent year, with the retailer floating, soaring in value and issuing a profit warning within 12 months.