All City & finance articles – Page 389
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NewsMorrisons boss: 'Investors will hold our feet to the fire over strategy'
Morrisons boss Dalton Philips insisted his plan has the backing of investors but said they would “hold our feet to the fire” over its execution.
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AnalysisMorrisons first quarter: What the analysts say
Morrisons posted a 7.1% slump in like-for like sales in the first quarter, blaming a “continued” competitive market for supermarkets. Retail Week takes a look at the analyst reaction.
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NewsSupergroup like-for-likes down and full-year profits may suffer
Supergroup retail like-for-likes fell 3.1% in its fourth quarter as it revealed it is likely to post full-year profit at the lower end of expectations.
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NewsMorrisons blames competitive market for first quarter sales fall
Morrisons like-for-like sales excluding fuel slumped 7.1% in its first quarter due to the “continued” competitive market.
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NewsPoundland full-year sales near £1bn mark as they grow 13.3%
Poundland has revealed sales of almost £1bn in its full-year update, which jumped 13.3% to £997.8m, as it plans new store openings.
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NewsBreakfast briefing: Retail news on the Co-op, John Lewis and Ocado
Retail news round-up on May 8, 2014: Banks ready £300m to back Co-op Pharmacy sale, John Lewis teams up with LG to make own brand smart TV and Ocado investors vote against remuneration policy
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OpinionNick Bubb's verdict: Look again in a year to see Justin King’s true Sainsbury’s legacy
Given the poor state of the businesses that Dalton Philips and Philip Clarke inherited, can Mike Coupe be more confident about Sainsbury’s?
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OpinionComment: Lord Myners – radical action needed to save the Co-op my mother loved
When I was a child growing up in Truro, Cornwall, my mother told me that I should always try to spend my pocket money in the Co-op in Kenwyn Street.
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Analysis
In numbers: Supermarket Sainsbury's full-year figures in detail
Sainsbury’s revealed its full-year figures today as boss Justin King prepares to leave. Retail Week takes a look at the numbers.
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NewsCo-op board failures have left it unprepared for grocery price war, Lord Myners warns
The Co-operative Group’s outmoded governance structure has left it utterly unprepared for a grocery price war, reform champion Lord Myners has warned.
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NewsSainsbury's full-year profits up 5.3% as boss Justin King prepares to bow out
Sainsbury’s has reported underlying pre-tax profit up 5.3% to £798m in the year to March 15 as chief executive Justin King prepares to leave.
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NewsShop prices deflated for the twelfth consecutive month in April
Shop prices fell again in April, driven by non-food, according to the British Retail Consortium (BRC) – Nielsen Shop Price Index.
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NewsBargain Booze owner Conviviality acquires rival's stores for £1.7m
Bargain Booze owner Conviviality has acquired 26 stores from Bibby Retail Services’Rhythm and Booze chain for £1.7m.
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NewsHedge funds gamble on drop in Sainsbury's share price
A number of hedge funds are gambling on Sainsbury’s share price falling because they believe its value could be hit by the supermarket price war.
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NewsMothercare calls in PwC to renegotiate banking covenants
Mothercare is in talks with its lenders to relax its banking covenants just seven months after securing a £90m refinancing deal.
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NewsBreakfast briefing: Retail news on Morrisons, Amazon, Tesco, Mothercare and more
Retail news round-up on May 6, 2014: Morrisons apologises for ad stunt, Amazon and Twitter ink tie-up, Tesco launches pound zones and more.
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NewsMothercare asks for supplier concessions to claw back margin
Mothercare has asked its suppliers for concessions, Retail Week has learned, as it vies to claw back margin that has been hit by the price war in the sector.
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NewsFat Face confirms intention to float in a bid to raise £110m
Fashion retailer Fat Face has confirmed its intention to float, bidding to raise £110m.
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News
Fat Face to confirm IPO plans tomorrow
Fat Face is to reveal plans to float on the London Stock Exchange tomorrow and is expected to reveal a board that includes former Carpetright boss Darren Shapland.
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AnalysisHome Retail full-year figures: What the analysts say
Home Retail, which owns Argos and Homebase, revealed benchmark full-year pretax profit increased 27% to £115.4m. Retail Week looks at what the analysts say.