All City & finance articles – Page 470
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OpinionWhat next for Templeman?
As he gets ready to hand over the reins at Debenhams in September, chief executive Rob Templeman could doubtless have his yacht of choice and put his feet up if he wanted.
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NewsIdeal Shopping to be sold in £78m deal
Home shopping group Ideal Shopping Direct is set to be sold to private equity firm Inflexion and its management in a £78.3m deal.
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NewsPressure to sell Waterstone's mounts as HMV's value plummets
Pressure is mounting for HMV to hasten the sale of Waterstone’s as the value of the entire group fell below its asking price for the book chain.
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OpinionPushing water uphill
Thank heavens for Marks & Spencer. No, I’m not referring to its ready meals saving my latest dinner party.
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NewsBest Buy Europe sells Belgian business
Best Buy Europe, the joint venture between Carphone Warehouse and US electrical group Best Buy, is to sell its Belgian retail business.
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News
LoveHoney.com acquires BeCheeky.com
Sex toy and lingerie etailer LoveHoney.com is gunning for a more mainstream audience after acquiring liquidated underwear etailer BeCheeky.com.
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NewsRetail stocks robust after bleak BRC news
The worst monthly retail sales drop in 16 years was the industry’s big talking point but store stocks were up in the week concluded by the dire BRC trading data.
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NewsSignet shares up after strong results
Investec has increased its target share price for jeweller Signet after it delivered preliminary results at the upper end of expectations.
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NewsScS defies big-ticket gloom with return to profit after sales climb
Sofas retailer ScS has bounced back into the black after focusing on widening its appeal, improving customer service and tight control of costs.
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NewsAnalyst warns HMV faces profit wipeout
Embattled entertainment retailer HMV may not make a profit in its next financial year, according to Arden Partners analyst Nick Bubb.
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NewsAsos eyes new markets as international sales beat UK
Asos’s overseas sales overtook UK revenues for the first time in the fourth quarter and the online fashion giant is now considering where else to launch country-specific sites.
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OpinionAsos typifies online success
It’s a hard life on the high street but online sales are still growing strongly.
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NewsHalfords blames weather for weak sales
Motor parts and bikes retailer Halfords remains optimistic about the outlook for the year despite a slump in car-related sales.
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NewsMatalan details refinancing and hires new boss
Value chain Matalan has told bondholders that it would refinance the business, at a meeting where it also signalled its intent to appoint former Asda executive Darren Blackhurst as chief executive.
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NewsCarpetright forced to issue a second profit warning
Floor coverings giant Carpetright issued another profit warning last week as tough trading conditions continued.
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NewsNext boss Wolfson takes home £1m bonus
Next boss Lord Wolfson has received a £1m bonus for last year’s performance.
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NewsDixons to close PC City business in Spain
Electricals giant Dixons is to shut its Spanish business.
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NewsWH Smith half year profits rise 3%
Bookseller and stationer WH Smith group pretax profit rose 3% to £64m in the six months to February 28.
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NewsJD Sports "extremely cautious" on outlook despite profits surge
JD Sports Fashion pretax profits surged 28% to £78.6m in the 52 weeks to January 29 yet the retailer remains “extremely cautious” on the outlook.
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NewsManagement buys 144-store newsagent Rippleglen
Confectionery, tobacco and news business Rippleglen has been sold to its management, backed by Lloyds TSB, for an undisclosed sum.