All City & finance articles – Page 529
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NewsClinton Cards reports improvement in second half
Clinton Cards has reported a marked improvement in second half like-for-like sales after reducing borrowings and ditching its loss-making Birthdays business.
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NewsConnections lift 2% at Carphone Warehouse
Carphone Warehouse’s retail division, Best Buy Europe, reported connections rose 2% to 3.2 million in the second quarter.
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NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
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OpinionM&S ‘audition’ leaves questions not answers
If this week’s Marks & Spencer investor day was intended to allow the internal candidates for the chief executive’s job to show their mettle, it was a gamble that backfired spectacularly.
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NewsSolid performance in UK helps put Ted Baker on track
Ted Baker performed ahead of expectations in its first half, with a strong UK performance offset by dire trading conditions in the US.
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News
Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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OpinionDSGi has everything to play for
While DSGi chief executive John Browett has been busy renewing and transforming his business, the electricals market is also changing around him and the pace shows no sign of slowing.
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OpinionFloats need proper preparation
A float is not an end in itself but a new beginning, which brings with it a variety of unaccustomed challenges, disciplines and temptations.
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NewsHalfords to increase its online-only range
Halfords is to ramp up its online operations and revealed a 2.2% uplift in second-quarter sales.
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NewsSainsbury’s shares rise amid bid rumours
Sainsbury’s shares have risen by as much as 20% amid speculation that the Qatari Investment Authority was planning a renewed offer for the grocer.
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NewsFlying Brands raises £1.76m in share placing
Flying Brands has raised £1.76m in a share placing to repay part of its outstanding debt.
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NewsWHSmith profits up, but sales slip slightly
WHSmith has reported group pre-tax profit has increased to £81m in its full-year results from £76m the previous year but sales have dipped slightly.
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NewsMothercare reports UK like-for-likes up 4.1%
Mothercare has reported UK like-for-like sales up 4.1% in its first half and remains “confident” for the rest of the year.
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NewsStrong retail sales for Burberry
Burberry’s revenue rose 6% year-on-year for the six months to September 30 to £572m, boosted by solid retail sales and a particularly strong performance from the UK and Korea.
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NewsSerious Organised Crime Agency probes former JJB Sports executives
Former JJB Sports executives are facing the scrutiny of the Serious Organised Crime Agency and HM Revenue, piling more pressure on the sports retailer that is already under investigation by the Office of Fair Trading and the Serious Fraud Office.
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NewsN Brown pre-tax profits up 13%
Pre-tax profits at home shopping group N Brown grew 13% to £41.8m in the 26 weeks to August 29.
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NewsM&S reveals homewares and online food ambitions at investor day
Marks & Spencer general merchandise director Kate Bostock has identified homewares as a “huge opportunity” for the retailer, which intends to carve out a market leading position in the category.
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NewsJJB proceeds with £100m fundraising
JJB Sports has unveiled details of its £100m equity raising and new banking terms.
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NewsJJB equity issue to raise £100m
JJB Sports is to launch a £100m equity issue in the latest phase of its turnaround battle following its CVA earlier this year.
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NewsRetailers’ self-help initiatives to stave off gloom until 2011
Retail profitability may “surprise on the upside” next year but 2011 will be a “crunch year”, according to sector-wide analysis by brokers.