All City & finance articles – Page 378
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NewsSports Direct acquires 4.8% stake in newly floated MySale
Sports Direct has acquired a 4.8% stake in Sir Philip Green-backed etailer MySale and plans to use it as a platform to sell in Australasia.
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NewsBlue Inc opts for private share sale instead of IPO amid turbulent market
Fashion retailer Blue Inc has opted not to pursue an IPO and instead intends to place shares privately with new investors, it is understood.
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NewsN Brown to revamp JD Williams to attract younger-minded shopper
N Brown is vying to modernise JD Williams to become a more digitally led business and to better connect with its younger-minded customers.
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NewsN Brown like-for-likes edge up as it vies to modernise its brands
Home shopping group N Brown’s like-for-likes edged up 2.5% in its first quarter as moves to modernise its brands pay off.
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NewsGovernment rejects idea to replace business rates with a sales tax
The Government has rejected calls to replace business rates with a tax on sales, as suggested by the retail inquiry.
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NewsEarnings fall at Iceland as it invests for growth at home and abroad
Frozen food specialist Iceland has posted a fall in annual earnings as investment was made in the business.
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OpinionComment: As shares in newly listed retailers fall post-IPO, who’s selling retail?
There’s a paradox at the heart of the recent wave of IPOs: retailers are welcomed to the market, followed by a fall in share price.
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OpinionComment: Bestseller - a rising power in online retail
Scandinavia has often punched above its weight in retail and perhaps a new, less familiar name, is poised to make a big impact.
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NewsJD Sports sales boosted by the build up to the World Cup
JD Sports said it is “pleased” with its performance as the sports retailer revealed the build up to the World Cup boosted like-for-like sales.
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Analysis
Analysis: How the pre-pack administration process could be improved
In a Government commissioned review, accountant Teresa Graham made six recommendations designed to improve the sometimes controversial pre-pack administration process - a process that has been frequently used in retail.
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NewsMajestic Wine's full-year results: What the analysts say
Majestic Wine’s profit was flat at £23.8m in what it described as a “difficult trading year”. Retail Week looks at what the analysts said.
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NewsB&M management domicile the discount chain in Luxembourg
The management of B&M have domiciled the discount chain, which debuted on the London Stock Exchange at a value of £2.7bn, in Luxembourg.
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NewsDanish giant Bestseller buys fashion etailer MandM Direct
Danish giant Bestseller is to buy etailer MandM Direct for £140m, putting an end to the etailer’s plans to float later this month.
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NewsDebenhams in talks to hire former New Look finance boss Alastair Miller
Former New Look finance boss Alastair Miller has emerged as one of the candidates to replace Debenhams finance director Simon Herrick.
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NewsMajestic Wine profits flat during 'difficult' year as it vows to invest
Majestic Wine profit remained flat at £23.8m during a ‘difficult trading year’ as it vows to up investment in the current year.
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NewsBreakfast briefing: Retail news on Aldi, Debenhams, Mamas & Papas and The Co-op
Retail news round-up on June 16, 2014: Aldi to double store numbers, ex New Look finance boss in line for Debenhams job and Liberty owner BlueGem in talks to rescue Mamas & Papas.
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NewsBonmarché full-year profits soar as it rolls out garden centre concessions
Older womenswear retailer Bonmarché’s full-year pre-tax profits soared as it begins a “significant roll out” of garden centre concessions.
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CartoonBlower’s retail cartoon: Morrisons’ AGM hijacked by Sir Ken’s cruddy comment
Retail Week’s cartoonist Patrick Blower’s take on Sir Ken’s muckspreading comment on Dalton Phillips’ presentation at Morrisons’ AGM.
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OpinionComment: What can we learn from Ted Baker’s ‘simple successes’?
This week Ted Baker revealed stronger than expected sales growth as retail sales leaped 15.8%.
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OpinionNick Bubb’s verdict: Pets At Home – not waving but drowned out?
With lots of “pawsitively” exciting growth stories now available in the retail sector, not least via the B&M IPO, how do recent floats like Pets at Home avoid getting drowned out?