All City & finance articles – Page 416
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NewsCard Factory to refinance after shelving sale plans
Card Factory owner Charterhouse has shelved plans to sell the 650-store retailer after receiving bids below its expectations.
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OpinionComment: Would Morrisons/Ocado merit a mention in Robert Peston Goes Shopping?
Robert Peston’s TV programme on shopping on Monday made enthralling viewing.
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NewsBreakfast briefing: Retail news on Burberry, Debenhams, Asos, Tesco and Kilian Kerner
Retail news round-up September 3, 2013: Burberry’s new fragrance campaign; Debenhams doubles advertising investment; Asos finds new logistics provider; Tesco appoints non-executive director; and Kilian Kerner grows with five House of Fraser shop in shops
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NewsCountrywide plans AIM listing as full-year profits surge
Agricultural retailer Countrywide Farmers has revealed plans to list on the AIM stock exchange after reporting record profits.
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OpinionComment: The OFT needs to remove ambiguity in price promotion laws
Last week, six furniture stores and carpet retailers came under scrutiny from the Office of Fair Trading (OFT) for their pricing strategy.
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NewsBreakfast briefing: Retail news on John Lewis, Signet and Amazon
Retail news round-up August 30, 2013: John Lewis to launch a new range of upholstery, Signet UK Sales fall in the second quarter, Amazon drops clause banning traders from offering products cheaper elsewhere
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NewsBusiness rates income to exceed council tax for first time in 10 years
Business rates income in Great Britain is forecast to exceed council tax for the first time in 10 years in 2015.
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NewsThe Co-op invests in price to win shopper spend
The Co-op has vowed to use a “value for money sword” to spear the competition as it aims to “remove price as a barrier” to shoppers visiting its stores.
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NewsThe Co-op records fall in first-half sales and profits
The Co-op has reported a fall in first-half sales and profits as poor weather, a difficult economy and fierce competition hit performance.
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OpinionComment: Can Dixons keep its spark?
Electricals group Dixons, owner of Currys and PC World, reports on first-quarter trading next Thursday following a strong performance last year.
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NewsEtailer Boohoo.com eyes float as it aims to emulate Asos
Online clothing retailer Boohoo.com is eyeing floating on the London Stock Exchange as it looks to emulate larger rival Asos.
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NewsSports Direct set for promotion to FTSE 100
Sports Direct is set to move up to the FTSE 100 next month after its shares surged more than 70% since the start of the year.
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NewsLK Bennett owners consider sale after Kate Middleton effect drives custom
Fashion and footwear retailer LK Bennett’s owners are considering a sale of the business, which would value the business at more than £100m.
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NewsCarphone Warehouse agrees £650m funding deal with Barclays
The Carphone Warehouse has agreed a £650m funding deal with Barclays as part of its acquisition of Best Buy’s stake in the retailers’ former joint venture.
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OpinionComment: Amazon - Sales are vanity, profit is sanity and cash is reality
I’m often reminded of the saying “sales are vanity, profit is sanity and cash is reality” when reading reports on retailers’ financial performance.
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NewsWHSmith full-year profits "in line with expectations" as travel fascias thrive
WHSmith’s full-year profits will be in line with market expectations as its travel business continues to thrive.
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NewsHMV creditors including pension fund to lose £250m
HMV’s pension fund is among a number of creditors poised to lose more than £250m, according to an update on the administration from Deloitte.
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OpinionComment: House of Fraser's IPO prospects
House of Fraser chiefs are considering whether there would be an appetite for an IPO of the department store business, almost a decade after it was taken private.
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NewsHouse of Fraser eyes return to the stock market
House of Fraser is mulling a return to the stock market after almost seven years of private ownership.
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OpinionComment: New Look enjoys a new lease of life
New Look was in the headlines this week after revealing plans to introduce concessions such as nail bars into its stores in order to increase shoppers’ dwell time.