All City & finance articles – Page 477
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NewsOfficers Club in administration
The rising cost of raw materials has forced discount menswear chain Officers Club into administration, but young fashion chain Blue Inc has saved half of its stores.
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NewsSpeculation swirls around Rose's holding in Marks & Spencer
Former Marks & Spencer chairman Sir Stuart Rose is at the centre of speculation that he has sold a big tranche of shares in the retailer.
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NewsHMV in 'exclusive talks' with Tim Waterstone and Mamut
HMV has entered exclusive talks with Tim Waterstone and HMV shareholder Alexander Mamut about a possible sale of Waterstone’s, it is understood.
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News99p Stores mulls sale as advisors appointed
Discount retailer 99p Stores has appointed advisors to work on a strategic review of the business that could lead to a sale.
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NewsHMV confirms it is mulling sale of Waterstone's and Canada business
HMV has confirmed it is mulling the sale of Waterstone’s as well as its Canadian business as part of its turnaround strategy.
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NewsJJB granted second shot at survival after CVA agreed
JJB Sports has been given the green light for a company voluntary arrangement (CVA) by creditors and shareholders in order to stave off administration.
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NewsBank lines up cash injection for All Saints
Icelandic bank Kaupthing was on standby to provide emergency funding to fashion group All Saints as Retail Week went to press.
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NewsCity awaits ‘key update’ from Asos
Etailer Asos’s next update, covering the fourth quarter and expected to be issued in mid-April, will be eagerly devoured by investors.
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NewsStore share prices hold up as updates begin
Food giant Sainsbury’s was among a raft of big names to report over the week, when general retailers held their own against the market.
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OpinionSmall stores are big business
The race for grocery space looks likely to be played out in the convenience sector in the next few years.
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NewsSainsbury’s King warns slump in consumer confidence will persist
Sainsbury’s chief executive Justin King has signalled that consumer sentiment has collapsed since the beginning of the year and shows no signs of improvement.
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NewsFormer Tesco director joins Ocado to head non-food
Ocado has poached a Tesco director to lead its new general merchandise team as it drives to diversify its offer.
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NewsHigher income shoppers will keep spending
Marks & Spencer, Kingfisher and Dixons will benefit this year from their older, higher income customer bases, according to broker Espirito Santo.
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NewsNext posts profit rise and warns that retail landscape has been transformed
Fashion giant Next has reported record profits but warned that the retail landscape has fundamentally changed.
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NewsSainsbury's Q4 like-for-likes up 1%
Sainsbury’s fourth quarter like-for-like sales grew 1% excluding fuel in the 10 weeks to March 19.
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News
Regional electricals chain bought out of administration
Norfolk-based electrical retail chain Bennetts has been bought by Lowestoft-based Hughes Electrical after it collapsed into administration earlier this month.
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NewsHMV shares rise as boss Simon Fox remains upbeat
HMV shares surged yesterday after chief executive Simon Fox remained upbeat on the entertainment retailer’s future.
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NewsPhones4U sold to private equity firm BC Partners
Private equity house BC Partners has bought mobiles specialist Phones4U for an undisclosed sum from Providence Equity.
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NewsAll Saints ‘on the brink’ of winning new investment
The future of All Saints was in the balance as Retail Week went to press.
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NewsManagement behind deal for Allied Carpets
Allied Carpets operations director Dean Weston is understood to have led Savana Trading’s purchase of the retailer, which was completed on Monday.