All City & finance articles – Page 445
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NewsDebenhams first half pretax profit exceeds expecations
Debenhams first half pretax profit has exceeded expectations, increasing 1.4% to £127.1m as its strategy to push international and multichannel drove growth.
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NewsWHSmith records 3% profit rise as like-for-likes slip
WHSmith recorded a 3% rise in trading profits to £74m but like-for-like sales fell 5%.
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InterviewQ&A: Philip Clarke, Tesco
Tesco chief executive Philip Clarke and group finance director Laurie McIlwee faced a grilling from the press as the grocer unveiled its £1bn turnaround plan for the UK business today. Clarke talks improving in-store experience, Richard Brasher and what went wrong. Alex Lawson reports.
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AnalysisTesco: What the analysts say
Tesco boss Phil Clarke unveiled his turnaround strategy for the UK this morning as full year trading profit dipped 1% in its home market. The analyst community has its say on his plans to revitalise the domestic business.
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AnalysisAnalysis: What does Clarke's plan mean for Tesco?
Perhaps the most interesting place to be this morning is in the offices of Sainsbury’s chief executive Justin King and Andy Clarke and Dalton Philips, his counterparts at Asda and Morrisons.
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NewsTesco invests £1bn in UK turnaround as like-for-likes dip
Tesco is to invest £1bn to turnaround its UK business this year as it squares up for an intense battle to win back grocery market share.
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NewsNext boss Wolfson's pay falls
Next chief executive Simon Wolfson’s pay slipped to £1.5m in the last year from £1.8m the previous year.
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NewsBurberry half year sales surge
British luxury brand Burberry’s like-for-like retail sales jumped 12% over the last six months with the UK market helping drive growth.
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NewsRetailers must refinance £7bn of bank and bond debt in 2012
Retailers have to refinance $11.2bn (£7.1bn) in syndicated bank debt and bonds by the end of the year, with a further $60.6bn (£38.3bn) due by 2018.
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NewsTesco takes on Amazon as Clarke poised to unveil strategy
Tesco has begun its attempt to take on Amazon Market Place as the City is poised to hear the grocer’s UK strategy.
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NewsTesco set to turn focus on smaller stores
Tesco chief executive is likely to focus on small stores and scale-back store expansion as part of his new strategy for the UK’s largest retailer.
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AnalysisMothercare: what the analysts say
The analyst community has its say on Mothercare’s move to close a further 110 stores as part of its strategy to quell its declining UK sales:
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NewsJD profits hit by Blacks acquisition
JD Sports Fashion’s pre-tax profit fell by more than 14% last year as the business was hit by its acquisition of outdoor clothing retailer Blacks.
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NewsMothercare to axe a further 110 UK stores
Mothercare is to close a further 110 UK stores as part of its turnaround strategy as its full year UK like-for-likes plunge.
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NewsPark Group full year sales surge 21%
Voucher specialist Park Group sales surged 21% in its full year to March 31.
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NewsDunelm remains cautious as like-for-likes edge up
Value homewares retailer Dunelm like-for-likes edged up 0.6% in the 13 weeks to March 31.
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NewsTesco pressured to pull out of the US
Tesco shareholders are putting pressure on the grocer to pull out of its US venture Fresh & Easy to concentrate on the UK.
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NewsAmazon faces corporation tax investigation
Amazon is under investigation from UK tax authorities over its corporation tax contribution.
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NewsTesco investors put pressure on chairman
Tesco shareholders are putting new chairman Sir Richard Broadbent under pressure over the company’s strategy.
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NewsJJB thrown lifeline as Dick's takes stake in retailer
JJB Sports has received a £30m injection from investors including Dick’s Sporting Goods as it posts a full year pre-tax loss of £101.1m