All City & finance articles – Page 600
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News
Monsoon shareholders back Simon's buy-out
Monsoon shareholders have voted overwhelmingly in favour of the acquisition of the fashion retailer by chairman and founder Peter Simon.
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News
Poor November for fashion bodes ill for festive trading
UK fashion retailers have endured awful trading in November, putting down an ominous marker for Christmas.
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News
3i buys Agent Provocateur
Private equity group 3i is to acquire lingerie retailer Agent Provocateur and intends to expand the business.
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News
Metro mulls sale of its Extra chain to fuel global growth
German retail giant Metro Group is understood to be in talks to sell its Extra supermarket chain and a transaction could be completed by the end of the year.
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News
Burberry profits soar
First half operating profits at luxury group Burberry rose 30 per cent to 97.3 million in the six months to September 30.
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News
Asda posts strong Q3 as it readies for Christmas
Grocer and general merchandiser Asda achieved “very positive sales results” in its third quarter, according to its parent company Wal-Mart.
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News
Pressure on King after Qatar bid collapses
Sainsbury’s chief executive Justin King will have to raise employee morale if the grocer is to continue its strong sales momentum of the past three years, following the collapse of Delta Two’s bid for the grocer this week.
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Analysis
Next: interim management statement
October’s tough trading conditions flattened Next’s sales, which struggled into positive territory by just 0.4 per cent in the 14 weeks to November 3.
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Analysis
Sainsbury’s takes tumble while general retailers come out top
Sainsbury’s takes tumble while general retailers come out top
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Opinion
King faces his toughest times
When Arabian royals come knocking to buy your company, doubts about them having deep enough pockets are probably the last thing that will enter your mind.
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News
Bank of England holds interest rate
The Bank of England has kept the interest rate unchanged at 5.75 per cent for the fourth month in a row.
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News
M.Video float will give clear picture of Russia
M.Video has become the first electricals retailer to float on the Russian stock exchange and rivals are expected to follow.
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News
Sports Direct offloads Amer stake
Sports Direct, the sportswear group run by controversial entrepreneur Mike Ashley, has sold its stake in Finnish sports equipment manufacturer Amer Sports for about 116 million.
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News
Carphone profits soar ahead of iPhone launch
Carphone Warehouse reported a hike in pre-tax profits to 56 million, up from 14 million, as it prepares for the onslaught of the launch of the iPhone tomorrow.
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News
Shareholders back Coles takeover
Shareholders at Australian retail giant Coles Group have voted in favour of a US$16.6 billion ( 7.89 billion) takeover by rival Wesfarmers. More than 99 per cent voted in favour.
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News
Alexon to return cash to shareholders
Fashion group Alexon is to return cash to shareholders and revealed that trading has not improved since its interim results in September.
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News
Urban Outfitters sales soar
US fashion retail group Urban Outfitters posted record sales for its third quarter.
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News
Next delivers flat sales
Sales at fashion group Next were level in the 14 weeks to November 3, up just 0.4 per cent against the same period last year.
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News
PPR sales soar in third quarter
Luxury goods conglomerate PPR revealed third-quarter sales growth rocketed 22 per cent, driven by sales at its newly acquired Puma sportswear business, as well as demand for Yves Saint Laurent dresses and Bottega Veneta handbags.
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News
Marks & Spencer weathers first half
Marks & Spencer has reported an increase in pre-tax profit of 11.5 per cent for its first half, the 26 weeks to September 29 and revealed further details of its international expansion plans.