All City & finance articles – Page 412
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NewsSports Direct profit jump shows 'strength of business model'
Sports Direct group profit jumped 19.4% to £199.8m in the nine weeks to September 29 as sales advanced 15.1% to £463.7m.
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NewsAsos profits up 23% as it invests in supersized European hub
Asos pre-tax profit grew 23% to £54.7m as it plans to step up investment including the financing of a supersized European distribution centre.
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NewsBreakfast briefing: Retail news on HMV, Tesco and Kingfisher
Retail news round-up October 22, 2013: Apple removes HMV’s new UK app from its App Store, billionaire Warren Buffett slashes investment in Tesco and Kingfisher boss Ian Cheshire predicts dynamic pricing will soon be used widely across retail.
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NewsThe Co-op faces pressure to relinquish control of bank
The Co-operative Group could relinquish its majority share in its banking arm as it faces pressure to stabilise the division.
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OpinionComment: Potential Amazon tie-up with HTC highlights the power of partnerships
It sounds like Amazon is thinking about developing a range of three smartphones with handset manufacturer HTC in the face of increased competition from both Apple and Google.
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OpinionNick Bubb’s verdict: Wickes - Not doing it for me?
A trade-focused DIY retailer such as Wickes should be cashing in on the “Do It For Me” boom, so what lies behind the weak third quarter?
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NewsDFS posts record full-year profit and grows market share
Sofas giant DFS has reported record earnings and revenues in its last full year, when it also extended its market share.
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NewsFashion retailer Bonmarché reveals IPO plans
Clothing retailer Bonmarché, which targets women aged over 50, intends to float on AIM.
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NewsWickes like-for-likes flat in third quarter due to 'challenging' market
Travis Perkins’ consumer arm, which largely comprises Wickes, recorded flat like-for-like sales in its third quarter due to the ‘challenging’ market.
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NewsMothercare UK like-for-likes down 1.9% in second quarter
Mothercare’s UK second quarter like-for-likes fell 1.9% as market competition across the home and travel categories impacted margins.
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OpinionComment: Can Christopher Bailey take Burberry to new heights?
The Burberry share price fall that greeted news of Angela Ahrendts’ departure on Tuesday showed understandable nerviness.
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NewsBurberry chief executive Angela Ahrendts departs to join Apple
Burberry chief executive Angela Ahrendts, credited with transforming the luxury retailer, is to exit after eight years to join Apple.
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NewsWHSmith boss Steve Clarke: "Our numbers speak for themselves"
New WHSmith chief executive Steve Clarke has challenged critics of the retailer’s strategy arguing that the numbers speak for themselves.
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NewsDixons pays €25m to merge Italian arm
Dixons has agreed to merge its loss-making Italian business with a local player as it looks to scale back its international arm.
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NewsWHSmith reveals full-year profit ahead of expectations
WHSmith has revealed full-year pre-tax profit ahead of expectations, increasing 6% to £108m in the year to August 31.
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OpinionComment: Carpetright's Lord Harris will keep calm and carry on
Carpetright gave the City a double shock on Friday - a profit warning and the exit of its chief executive Darren Shapland.
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NewsThorntons sales jump 2.1% despite decline in retail division
Thorntons sales increased 2.1% to £47m in its first quarter despite a 5.7% sales drop across the chocolatier’s retail division.
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NewsCarpetright founder Lord Harris: 'My priority is to stabilise business and drive profits'
Carpetright founder Lord Harris has said his first priorities are to stabilise the business and drive profits after revealing this morning (Friday) that he had returned to the helm.
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OpinionComment: An IPO filing for Poundland will need to be well thought out
This week, Poundland announced strong results, with sales rising 15% to £880 million and pre-tax profits growing 29% to £23.1 million for the year to March 31.
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NewsCarpetright founder Lord Harris takes helm as chief executive exits
Carpetright founder Lord Harris has taken over as executive chairman of the floorings specialist as chief executive Darren Shapland stands down after Carpetright issued a profit warning.