All City & finance articles – Page 427
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AnalysisNext full-year results: What the analysts say
Next today reported pre-tax underlying profit jumped 9% to £622m last year but the new year has got off to a slow start. The City studied its balance sheet carefully.
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NewsSofa retailer DFS refinances after strong first half
Sofa giant DFS has refinanced the business after it reported a 9.9% jump in EBITDA to £31.1m in the 26 weeks to January 26.
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NewsFashion brand Ted Baker delivers "strong" full-year performance
Ted Baker delivered a 19.2% surge in pre-tax profit to £28.9m in what has been a “significant” year for the brand’s international development.
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NewsNext full-year profits soar 9% as new year gets off to slow start
Next pre-tax underlying profit jumped 9% to £622m over the year against a 3.1% sales jump, however, the new year has got off to a slow start.
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OpinionComment: Tesco’s Price Promise scheme raises own-label debate
Battle lines have been drawn this week between Tesco and Sainsbury’s, with Justin King, blasting Tesco’s Price Promise scheme.
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OpinionComment: Budget blow for retail but door opens for rates reform
Chancellor George Osborne failed to heed the warnings of the retail industry and freeze business rates in the Budget today.
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AnalysisAsos' second quarter: What the analysts say
Fashion etailer Asos today reported a surge in retail sales up 37% to £186m in its second quarter as its gross margin dipped. The City reacted positively to the results
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NewsFindel disposes of healthcare division as group sales soar
Findel is to dispose of its healthcare division to LDC, the private equity arm of Lloyds Bank as group sales jump 8.3% in its year to date.
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AnalysisSainsbury's fourth quarter: What the analysts say
Sainsbury’s today reported a 3.6% increase in like-for-like sales in the fourth quarter as full-year like-for-likes rose 1.8%. The City reacted positively.
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NewsSainsbury’s posts strong fourth quarter as full-year like-for-likes rise 1.8%
Sainsbury’s has reported a strong fourth quarter which contributed to a 1.8% rise in full-year like-for-likes, buoyed by a surge in own-brand sales.
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NewsArgos like-for-likes rise 5.2% as tablets drive sales
Argos like-for-like sales jumped 5.2% in the eight weeks to March 2 as sales of tablet devices drove a strong performance.
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NewsMorrisons enters talks with online grocer Ocado as profits fall
Morrisons has entered discussions with online grocer Ocado to kick-start its online grocery offer after profits fell last year.
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InterviewQ&A: French Connection chief executive Stephen Marks on its full-year results
French Connection posted a £7.2m loss this morning, six months after outlining its turnaround plans. The fashion retailer’s boss Stephen Marks speaks to Retail Week.
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NewsHalfords appoints Pets at Home's Rob Swyer as its retail director
Halfords has poached Pets at Home business development director Rob Swyer, who follows his former boss Matt Davies to the car parts and bikes retailer.
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OpinionComment: Retailers cannot live by celebrity endorsements alone
From Dannii Minogue to the Kardashians, celebrities from all walks of life seem to have their own fashion lines at the moment.
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AnalysisAnalysis: What Republic will bring to Mike Ashley’s empire
The Sports Direct acquisition of young fashion retailer Republic will bring it into even fiercer competition with rival JD Sports.
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NewsThe Hut Group appoints Richard Pennycook as chairman
Online retail business The Hut Group has appointed outgoing Morrisons group finance director Richard Pennycook as its chairman as it prepares to float on the Stock Exchange.
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NewsPawnbroker H&T full-year profits plunge as gold margins squeezed
Pawnbroker H&T Group full-year pre-tax profits plunged 27.7% to £17m due to “competitive gold margins” and store expansion costs.
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News
Printemps owner, Borletti Group enters talks with Qatari Holdings
The owner of the French department store group Printemps, Italy’s Borletti Group, has entered exclusive talks with Qatar’s sovereign wealth fund, Qatari Holdings (owner of Harrods in the UK) to discuss a takeover.However, last week the tussle for Printemps took a new turn. France’s largest department store group, Galeries Lafayette, ...
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OpinionComment: Debenhams' problems amount to more than just snow
With its surprise update this morning, on January like-for-likes falling around 10%, Debenhams won the unwanted distinction of being the first retailer of the year to complain about the snow.