All City & finance articles – Page 432
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NewsHMV warns over covenants despite narrowing first-half losses
HMV has warned it might breach its banking covenants despite narrowing losses and improved like-for-like sales in the first half.
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NewsSports Direct first-half profits soar as House of Fraser speculation grows
Sports Direct’s pre-tax profit soared in its first half as speculation builds that it is in talks to buy department store House of Fraser.
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OpinionComment: UK growth bodes well for Asos
Global fashion powerhouse Asos is really leading the etail pack.
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NewsWickes posts 5.8% like-for-like fall
Travis Perkins’ retail division, which largely comprises DIY chain Wickes, posted a like-for-like sales fall of 5.8% for the 11 months to the end of November.
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NewsSuperGroup profits jump as it drives overseas expansion
SuperGroup underlying pre-tax profit jumped 13.1% to £14.7m in its half year to October 28.
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NewsCarpetright eyes Tottenham Court Road store in London push
Floorings giant Carpetright is making a push for the capital as it seeks out smaller high street stores in London.
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NewsReiss UK EBITDA dips 14.5% as it invests in infrastructure
Reiss UK EBITDA dipped 14.5% to £11.2m in its year to January 31 despite a 5.3% sales jump which helped revenue break through the £100m barrier.
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NewsWHSmith boss Kate Swann bags £3.3m
WHSmith chief executive Kate Swann could be in line to receive a further £2.6m as well as her £3.3m salary and share payouts.
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NewsCarpetright profits up despite sales fall
Carpetright has reported an increase in first-half profits despite a fall in sales, which were held back by a poor performance in mainland Europe.
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NewsAsos first-quarter sales up after price investment
Asos’ total retail sales rose 30% to £165.8m in the first quarter, as an investment in price in the UK and rapid international growth drove sales.
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NewsB&Q trials banking scheme for tradesmen
B&Q is trialing a Government-led scheme to become a bank for small tradesman.
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NewsMulberry sales gather pace despite profit fall
Mulberry has recorded a strong start to the second half of the year with like-for-likes up 11% despite a fall in first half profit.
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OpinionComment: Retail predictions for 2013
It is said that there are two sorts of predictions: the lucky and the wrong. But I thought I should try my luck.
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OpinionComment: Dixons’ celebrates first-half profit
Dixons has much to feel festive about. Last week, the Currys and PC World owner revealed its UK business had made a first-half profit for the first time in five years.
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NewsHouse of Fraser EBITDA up as like-for-likes "step up" before Christmas
Department store chain House of Fraser like-for-likes jumped 5.4% in its third quarter to October 27 as it notched up adjusted EBITDA of £3m against a £1.3m loss the previous year.
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NewsHMV sells Mama Group as it edges closer to disposal of HMV Live
Struggling entertainment retailer HMV has sold its live music business Mama Group for a net cash consideration of £7.3m.
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OpinionComment: Even a white-goods knight won’t be enough to save Comet now
I’m writing this on the day that a ‘white-goods knight’ is meeting with Comet’s administrators to thrash out a deal to acquire the bulk of the Comet business.
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Analysis
Kingfisher: What the analysts say
Profits jumped but like-for-like sales fell in the third quarter at B&Q owner Kingfisher. The performance drew mixed reaction from analysts.
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NewsKingfisher group profit drops 5.9% but UK earnings up
Kingfisher group retail profit plunged 5.9% to £257m in its third quarter to October 27, despite UK and Ireland profits advancing.
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NewsDixons falls to £22.2m first half loss as UK makes first profit in five years
Dixons’ UK business returned to the black in its first half for the first time in five years.