All City & finance articles – Page 439
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NewsTopps Tiles like-for-likes up 2.1%
Topps Tiles like-for-likes rose 2.1% in the 13 weeks to June 30, against a 1.9% fall in the same quarter last year.
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NewsN Brown boss: 'We're not for sale'
N Brown chief executive Alan White denied the home shopping group is to be sold, following chairman and major shareholder Lord Alliance’s decision to step down from the role.
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NewsN Brown chairman and chief executive to exit
N Brown chief executive Alan White and chairman Lord Alliance are stepping down from the home shopping group.
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NewsFurniture chain Oka posts profits jump
Furniture retailer OKA has posted a £500,000 pre-tax profit in 2011.
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NewsPhones 4u sales rise but earnings fall
Sales at Phones 4u rose 11% to £975.8m in the last year.
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AnalysisTransatlantic tie-up creates healthy future for Alliance Boots
Stefano Pessina of Alliance Boots and Gregory Wasson of Walgreens tell Tiffany Holland about their plans to create a strong global partnership.
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OpinionShapland shapes up for Carpetright challenge
After only six weeks in the job, no one was expecting a miracle from new Carpetright chief executive Darren Shapland in this week’s annual results – in fact the market was braced for bad news following a succession of profit warnings.
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AnalysisDebenhams: What the analysts say
Debenhams posted a strong uplift in sales boosted by the Jubilee and Easter weekends which happened in the period. Analysts are surprised by the particularly good results.
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OpinionDixons in good position for growth
Dixons’ full-year profits were down year on year but nevertheless came in at the top of expectations – which means the electricals retailer looks to be in a good position for growth.
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NewsMarks & Spencer investors pressured over executive pay
Marks & Spencer’s investors are being urged to abstain on the retailer’s remuneration report at next month’s AGM.
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AnalysisOcado: What the retail analysts say
Ocado reported a 12% uplift in sales for the first half today and forecast difficulties in the third qaurter due to disruption caused by the Jubilee celebration and the Olympics. The results were met with concern by commentators.
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AnalysisCarpetright: What the analysts say
As Carpetright’s profits plunged from £17.8m to £2.8m last year, analysts find positives with the recent appointment of new chief executive Darren Shapland, formerly finance director at both Sainsburys and Carpetright.
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InterviewQ&A: Carpetright's new boss Darren Shapland
Darren Shapland, former Sainsbury’s and Carpetright finance director, six weeks ago became the first chief executive to run Carpetright since founder Lord Harris stepped back from the day-to-day running of the business.
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NewsOcado posts 12% sales growth
Ocado has posted EBITDA up 4.5% to £14.9m in the first half while statutory pre-tax profit was flat at £181,000.
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AnalysisAnalysis: What will Richard Pennycook’s departure mean for Morrisons?
The news that highly-respected finance director Richard Pennycook is to leave Morrisons next year has come as a shock to the market and likely to be unpopular with the City who have long trusted Pennycook’s plan for the grocer.
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AnalysisThe Hut: Company profile
As the online group’s performance continues to soar, Retail Week takes a look at The Hut’s business model.
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NewsJudge blasts HBOS for Farepak collapse
A High Court judge has lambasted bank HBOS for its role in the collapse of Christmas hampers group Farepak in 2006.
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OpinionBoots’ Walgreens deal creates a retail giant
In selling a 45% stake in Alliance Boots to the US pharmacy giant Walgreens, owner Stefano Pessina has struck perhaps the most significant deal for a UK retailer since the Walmart acquisition of Asda and realised his own dreams of transforming the Boots brand.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.