All City & finance articles – Page 487
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NewsBlacks boss says bid interest shows turnaround has begun
Blacks chief executive Neil Gillis said the bid interest in the outdoor retailer was a sign that the turnaround plan was working.
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NewsBreak-up merchants eye struggling DIY chain Focus
DIY chain’s owner appoints adviser as it considers options for troubled retailer
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NewsBullish outlook for retail despite jitters
General retailers were down over the week while their food counterparts were up - both underperformed a flattish market.
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AnalysisChristmas shopping events
It may be too soon to put up the Christmas lights, but it’s not too soon for retailers to plan how they can capitalise on the festive events geared to get shoppers spending
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OpinionM&S’s overseas conundrum
Marks & Spencer may have made a mistake when it sold its shops in France and Spain almost a decade ago, but buying them back sounds downright odd.
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NewsFSA fine won’t hit JJB’s forecasts
JJB Sports is to be fined £455,000 by the Financial Services Authority (FSA) for a breach of disclosure and transparency rules that occurred before its interim results in September 2008.
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NewsRace for space puts grocers' returns at risk
Fears have been raised that the rate of expansion by the big grocers will hit their financial returns and like-for-likes.
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NewsRicher Sounds profits slump 18%
Electricals retailer Richer Sounds has revealed its pre-tax profits slumped 18% to £2.8m in the year to the end of April.
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NewsIkea UK & Ireland full year sales edge up 1%
Furniture giant Ikea UK & Ireland experienced a 1% rise in like-for-likes in the year to August 31 as the retailer grew its share in a difficult big ticket market.
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NewsFocus brings in Lazard as owner considers its options
Focus DIY’s owners have hired bank Lazard to consider options that could lead to a sale of the home improvement chain.
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News
Shore Capital hires new retail analyst
Broker Shore Capital Markets has hired a new retail analyst.
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NewsFlying Brands sales grow 12% despite setbacks
Home shopping group Flying Brands reported sales from its ongoing business rose 12% to £5.6m in the three months to October 1.
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NewsCarpetright sales fall 7.3% in ‘difficult’ market
Carpetright disappointed the City with its second-quarter update on Wednesday. The floorcoverings market leader suffered from unsettled consumer confidence and lower mortgage approvals.
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NewsGo Outdoors triples profit to £4.3m and rejigs management
Outdoor specialist Go Outdoors’ pre-tax profits more than tripled from £1.2m to £4.3m in the year to January 3 and the retailer has rejigged management roles.
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OpinionToo soon to see Best Buy’s impact
Aside from Next, the big update next week will come from Carphone Warehouse which posts interim results on Friday.
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NewsShake-up for Peacocks as bidders circle
Peacocks has shaken up its management team as private equity houses circle the retailer.
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NewsBooths to boost sales with new own-brand
Booths, the grocer based in the Northwest of England, has revealed a 1.3% uplift in pre-tax profits to £7.6m as it launches a new own-brand to appeal to customers seeking value.
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NewsPhase Eight profits leap as changes bring flexibility
Womenswear chain Phase Eight more than doubled profits last year, after increasing its open to buy budget and focusing on refining its customer base.
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NewsDebenhams sticks to its guns over Christmas promotions
Debenhams will stick to its traditional promotional stance this Christmas, a strategy that it says is misunderstood by some observers.
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NewsRetail fears ebb but long-term risk stays
Fears for the retail industry because of the Government’s spending review seem to have been assuaged.