All City & finance articles – Page 469
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NewsStaff cuts planned despite rise in retail employment
Retail employment edged up 0.5% in the first quarter of 2011 - the equivalent of 3,400 more full-time jobs - but almost one third of retailers expect to cut staffing levels in the current quarter.
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NewsSports Direct stock rises despite tough trading
City confidence that Sports Direct will achieving its £215m EBITDA target in 2012 rose following a 7.3% jump in gross profits despite tough trading conditions.
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AnalysisTying the retail knot
Wills and Kate tie the knot tomorrow, and in keeping with the fervour we take a look back at some of the most notable marriages of retail businesses over the years. Have these unions stood the test of time or did they decide to go their separate ways? Charlotte Hardie ...
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GalleryRoyal Wedding Windows
Retailers have decked out their stores to celebrate the royal wedding.
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NewsWaterstone's: no deal this week, no year-end deadline
Any deal to sell Waterstones to Russian billionaire Alexander Mamut is unlikely this week, and could be several weeks off, according to sources familiar with the situation.
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NewsFarmfoods profits soar 30%
Frozen food specialists Farmfoods profits rose 30% in 2010. The retailer’s pre-tax profit for the year ending December 31 2010 leaped to £17m from £13.1m in 2009.
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NewsSecond profit warning in a month from Carpetright
Carpetright has issued its second profit warning of the month and third of the year, after sales fell further in the 11 weeks to April 16
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NewsPrimark's growth slows in first half
Primark’s profits grew 5% in the first half, and the company said trading in the UK had shown signs of improvement after a disappointing start to 2011.
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OpinionWhen the going gets tough...
As we head towards summer it’s now clear that this will be a very difficult year for UK retail.
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AnalysisBest Buy returns to the basics in its bid for growth
Electronics retailer Best Buy has struggled of late and has outlined three new strategic priorities, which it believes will help it capture new growth opportunities in key categories and channels, fund growth efforts through structural opportunities and improve returns.
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NewsNew TJ Hughes owners to address sourcing after rescue refinancing
The new chairman of TJ Hughes has refinanced the discount department store business and set out to address its sourcing strategy after soaring costs and slumping margins drove the business to the brink.
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Opinion
Tesco needs to rekindle UK shoppers' affection
In his short time in charge of Tesco, Phil Clarke has already shown he’s one for straight talking.
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NewsClarke: I’ll turn around Tesco in the UK
New Tesco chief executive signals fresh approach and pledges to ‘do things differently’ to predecessor.
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NewsBest Buy Europe to sell off Belgian Phone House
Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.
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NewsBoris vows to protect retailers from more West End protests
Meeting aims to stop future demonstrations damaging trade for retailers in London’s West End.
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NewsDixons Retail to bow out of loss-making Spain
Electricals group Dixons Retail is to say adiós to Spain and shut its loss-making business there as part of its strategy to concentrate on “winning markets and formats”.
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NewsNo downturn for Burberry as sales soar in final quarter
Luxury British retailer and brand Burberry expects earnings to come in at the top end of expectations after a strong final quarter.
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NewsDebenhams to trial 'online shops' in store
Debenhams is to pilot ‘online shops’ within its mid-sized department stores in a bid to grow its market share in today’s stagnant market.
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NewsTesco stays on target but UK disappoints
Tesco’s first set of prelims under new boss Phil Clarke came in much as expected, although there were some City worries at the UK performance and scale of US losses.
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NewsDunelm’s growth prospects impress
Value homewares group Dunelm posted a better than expected third quarter, when sales rose 9.4% to £139m.