All City & finance articles – Page 380
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OpinionComment: We must take steps to diversify the retail industry
In March Vince Cable gave an interview to The Guardian in which he accused the UK’s top companies of neglecting racial diversity in their boardrooms and urged business to use a wider talent pool when making appointments.
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Opinion
Nick Bubb’s verdict: Poundland - everywhere to run, nothing to hide
Companies don’t usually hide good news, so it’s not surprising that Poundland now seems happier to talk about like-for-like sales growth.
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AnalysisIn the news: Tesco chairman Sir Richard Broadbent profiled
The Tesco chairman faced harsh words at the grocer’s AGM last week, but he remains committed to a considered, long-term approach.
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AnalysisPoundland full-year figures: What the analysts say
Poundland has reported rising full-year sales and profits in its maiden prelim update since floating in March. Retail Week takes a look at the City reaction.
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NewsPoundland reveals rising sales and profits in maiden results update
Value retailer Poundland has reported rising full-year sales and profits in its maiden prelim update since floating in March.
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NewsBreakfast briefing: Retail news on Marks & Spencer, Sainsbury's and Mothercare
Retail news round-up on July 3, 2014:M&S and Sainsbury’s face investor revolt over pay policies in boardroom, Mothercare recalls two sizes of luxury cot mattresses
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NewsHopes for La Senza sale fade in wake of second collapse in two years
Lingerie business La Senza is increasingly unlikely to be sold in its entirety as retailers look to snap up its best stores.
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OpinionComment: Is Mothercare suitor Destination Maternity a heroic prince or a frog?
An overseas suitor offering to solve all a retailer’s financial woes sounds like a dream, but on closer inspection, the American retailer keen to buy Mothercare could be a frog rather than a prince.
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InterviewQ&A: Bathstore chief executive Gary Favell on the management buyout
The management team at Bathstore has bought out the bathroom retailer from turnaround specialist Endless with the backing of US billionaire Warren Stephens.
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NewsMothercare: Destination Maternity bid "significantly undervalues" the business
Mothercare said that it rejected US retailer Destination Maternity’s offer for the company as it “significantly undervalued” the business.
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NewsSports Direct investors vote in favour of Mike Ashley's bonus
Sports Direct investors have voted in favour of rewarding owner Mike Ashley with a bonus through a new share scheme.
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NewsSports Direct steps up row with 'anti-competitive' Adidas
Sports Direct has stepped up its row with sportswear giant Adidas and is understood to have reported it to the competition authorities.
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NewsMothercare rejects two bids from US firm Destination Maternity
Mothercare has rejected two bids from US firm Destination Maternity, which plans to merge the two companies with a new proposal on the table.
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NewsTopps Tiles like-for-likes jump 6.3% in third quarter
Topps Tiles like-for-likes jumped 6.3% in its third quarter as it continues to build on strong sales momentum.
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NewsBreakfast briefing: Retail news on Sports Direct, Greggs and the IoD
Retail news round-up on July 2, 2014: Sports Direct boss on Adidas, Greggs expects profit and IoD concerned about bonus proposal.
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AnalysisOcado’s first half results: What the analysts say
Find out what the analysts make of Ocado’s move into the black by generating £7.5m pre-tax profit before exceptionals in its first half.
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Opinion
Comment: Dixons' multichannel model brings online sales success
As it prepared to merge with Carphone Warehouse, electricals giant Dixons looked in good shape as it issued prelims showing a rise in sales and profits.
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OpinionComment: Recovery in sight for general retailers but life’s still tough for grocers
Dixons boss Seb James said last week that he sees “the early glimmers of a consumer recovery”.
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NewsOcado makes profit in its first half as sales and EBITDA soar
Online grocer Ocado has moved into the black in its first half, generating £7.5m pre-tax profit before exceptionals from a loss last year.
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NewsPoundworld secures £26m funding for UK expansion
Value retailer Poundworld has secured £26m in new funding as it seeks to expand its overseas supply chain and grow its UK business by opening up to 150 new stores.