All City & finance articles – Page 520
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NewsHalfords gets thumbs up for car servicing centre deal
Investors have given the green light to motor accessories group Halfords’ £73.2m acquisition of Nationwide Autocentres and are confident of the deal’s merits.
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OpinionFactors that define retail success
The trading climate to come will magnify the differences between the strong and the weak. So what are those differences?
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AnalysisJulian Dunkerton: from market stall to stock market
On the verge of a £400m float, SuperGroup has proved a fashion triumph. That’s no surprise given co-founder Julian Dunkerton’s eye for a winning brand, says Lisa Berwin
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NewsPrimark sales outpace expectations in first half
Primark reported first-half like-for-like sales growth of 8%, coming in ahead of the expectations of parent company Associated British Foods (ABF).
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NewsLombok eyes growth as sales start to revive
Lombok has recorded like-for-like sales up “single digits” since the start of 2010, after being bought out of pre-pack administration last year.
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NewsMixed start for Wickes as full-year profits rocket but like-for-likes slip
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full-year profits soared as the chain grew its market share.
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Toys R Us in IPO talks
The private-equity owners of Toys R Us are in talks with investment banks about the possibility of underwriting an initial public offering this summer, the New York Post reported.It is understood Bain Capital, KKR and Vornado Realty Trust are talking with banks including Goldman Sachs, Deutsche Bank and JPMorgan Chase. ...
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OpinionRetail's political struggle
The general election, already in full swing though yet to be declared, has been unsettling retail sector investors all year.
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NewsAdili to delist as deal is agreed with investor
Investor Luke Heron is to buy ethical etailer Adili and the retailer will be delisted from AIM.
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NewsWickes full year profits soar
DIY retailer Wickes experienced a 2.4% decline in like-for-likes in the seven weeks to February 20, but full year profits soared as the chain grew its market share.
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NewsOcado appoints former Reuters director as non-exec
Ocado has lined up former finance director of Reuters David Grigson as a senior non-executive director.
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NewsBlacks delays fundraising meeting
Updated: Blacks Leisure postponed its general meeting today in order to continue negotiations with Sports Direct which had planned to block proposed fundraising by the outdoor specialist.
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NewsMatalan mulls refinance plan
Matalan is reportedly considering a refinancing following its axed sale.
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NewsSports Direct buys Blacks stake to block rescue plan
UPDATED: Sports Direct succeeded yesterday in acquiring the rights to a disputed 29% stake in Blacks Leisure to vote against its rescue plans.
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NewsPawnbroker Albemarle & Bond’s profits surge
Jewellery-based pawnbroker Albemarle & Bond has posted strong interim results, with pre-tax profits surging 75% to £10.8m in the six months to December 31 2009.
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NewsAustin Reed steadies after profit dive
Austin Reed has said business has stabilised since reporting group profit fell 37% to £3.2m in the year to January 31, 2009, as men sacrificed suit purchases in the recession.
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NewsBroker sees potential in undervalued Next
Earnings momentum and share buy-backs have created a buying opportunity in fashion group Next, broker Investec believes.
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NewsSuperGroup confident of IPO success as others falter
Directors of SuperGroup, which aims to raise £125m through an IPO, are confident of the retailer’s longevity despite some potential investor concerns about fashion’s volatility.
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NewsElectricals etailer Ebuyer plots growth
Vida Capital Partners is confident of a strong 2010 as it ramps up its two retail businesses, etailer Ebuyer and kitchens retailer Wrens.
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Goldman Sachs eyes recovery in retail opportunities
Goldman Sachs has forecast that retail like-for-likes will rise in 2010 after two years of declines in the store groups it follows.