All City & finance articles – Page 446
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NewsMulberry expected to report 50% full year profit surge
Luxury accessories retailer Mulberry is expected to report a 50% surge in profits when it reveals its full-year results later this week.
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AnalysisTesco: What the analysts say
Tesco reported a 1.5% fall in UK like-for-like sales today, in line with market expectation. The City’s reaction was mixed.
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InterviewQ&A: Tesco chief executive Philip Clarke
Tesco recorded a “robust” first quarter as UK like-for-like sales declined for the fourth consecutive quarter and it battled struggling economies across the globe. Chief executive Philip Clarke was grilled by the press over the performance this morning.
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NewsLaura Ashley like-for-likes jump 5.4%
Laura Ashley UK like-for-likes grew 5.4% in the 18 weeks to June 2.
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NewsTesco records first quarter UK sales fall
Tesco described its first quarter performance as “robust” after reporting a 1.5% decline in UK like-for-like sales.
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NewsStewart Binnie takes up full-time role at Jaeger
Former Aurora Fashions president Stewart Binnie has taken up a full-time strategic role at Jaeger.
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NewsMarks & Spencer to create 500 jobs as it launches bank
Marks & Spencer is to create 500 jobs by the end of next year as it opens 50 banks in its stores within two years.
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OpinionComment: Why M&S is moving into banking
Do you like your bank? Perhaps not very much. The financial services industry suffers from a poor image, cemented by its role in the ongoing economic crisis.
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NewsMarks & Spencer to open chain of banks
Marks & Spencer is to shake up the financial services industry with the launch of its own bank.
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OpinionSale of Hammersmith Apollo puts HMV in a better place
An increasingly happy tune is being whistled at HMV which, to the surprise of some, looks better placed than it has done in years.
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NewsTesco expected to report sales fall as its recovery begins
Tesco’s underlying sales are expected to fall in the first quarter, as chief executive Philip Clarke continues to drive his £1bn investment to help repair the business.
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AnalysisRetail surgery: Can the bank sell on my debt without permission?
Can the bank sell our debt without our agreement, and what can happen if it does?
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AnalysisHalfords: What the analysts say
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30 amid concerns that the tough economic climate has impacted motorists and the weather has dampened cycle sales
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Analysis
Kingfisher: What the analysts say
The City met the news that B&Q owner Kingfisher UK & Ireland’s retail profit slumped 9.8% to £75m in the first quarter with little surprise after poor weather hit sales
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NewsHalfords upbeat despite 26.6% pretax profit plunge
Halfords is looking to “evolve” its strategy in the new financial year after posting group pre-tax profit down 26.6% to £92.2m for the year to March 30.
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NewsKingfisher first quarter profits slump as wet weather hits sales
B&Q owner Kingfisher UK & Ireland retail profit slumped 9.8% to £75m in the first quarter as wet weather hindered sales in the crucial Easter trading period.
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OpinionAsos: The online giant continues to reward investors
As the recriminations continue following Facebook’s botched IPO, there is one online business that carries on rewarding investors – Asos.
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NewsClinton Cards deal to be struck within days
Clinton Cards looks likely to be bought out of administration by the end of next week if not earlier as would-be suitors jostle to take control.
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OpinionWhat impact will the recession have online?
So we’re in recession again. Cue further rending of garments and raise the wailing a semitone or two. The tune’s becoming familiar now.
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AnalysisTopps Tiles: What the analysts say
Despite a 4.7% like-for-like slip and profits drop in its first half, Topps Tiles has strong recovery potential according to the analyst community.