All City & finance articles – Page 133
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NewsTesco boss Dave Lewis to step down as interim profits rise
Tesco chief executive Dave Lewis is set to step down from the grocer next year as the business delivers half-year profit growth and flat sales.
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NewsCMA escalates investigation into JD Sports’ Footasylum acquisition
The Competition and Markets Authority has today escalated its probe into JD Sports’ £90m swoop for Footasylum, after the footwear retailer decided there wasn’t any “appropriate remedies” to avoid the phase 2 probe.
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NewsScS profits up as boss hails year of ‘good progress’
ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.
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NewsGreggs sales soar after trade continues ‘very strongly’
Greggs has hailed another quarter of strong sales growth, saying it “continued to trade very strongly” on the high street.
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NewsMiss Selfridge losses balloon as sales slump
Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.
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NewsAgenda: ScS, Greggs and Tesco update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Ted Baker and Topps Tiles all on the agenda.
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NewsPoundland parent rebrands as it gears up for European expansion
Pepkor, the owner of discount variety chain Poundland, has rebranded as Pepco Group as it seeks to align itself with its largest Central European brand.
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NewsM&S chair Norman snaps up more shares
Marks & Spencer chair Archie Norman has bulked up his shareholding in the retailer.
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NewsSuning.com completes Carrefour China acquisition
Suning.com has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.
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NewsLandlord drops Monsoon Accessorize CVA challenge
British Land has dropped a legal challenge to fashion retailer Monsoon Accessorize’s CVA.
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OpinionM&S capital markets briefing – action, not words, will matter
Hot on the heels of Sainsbury’s, next week Marks & Spencer will put itself in the City spotlight when it throws its doors open for a capital markets briefing.
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NewsConsumer confidence inches up despite looming Brexit deadline
Consumer confidence increased marginally across all measures in September as shoppers delivered mixed results ahead of the October 31 Brexit deadline.
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AnalysisAnalysis: Can Boohoo make Karen Millen a Nasty Gal-style success?
Boohoo has unveiled skyrocketing sales and profits at the half-year mark, aided by some of its more recent acquisitions.
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NewsDFS profits rise despite tough trading conditions
DFS has reported a healthy increase in its underlying profit before tax and hailed the progress made following the launch of its new strategy, despite the headwinds facing the sector.
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NewsIkea sales jump after focus on business transformation
Ingka Group, the owner of Ikea, has reported an increase in sales and hailed the success of its business transformation plan, which has seen it invest in new regions, home delivery networks and digital.
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NewsBoohoo profits rocket as international sales surge
Boohoo’s profits almost doubled in its first half as the etailer recorded “strong revenue growth” across its markets.
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NewsSainsbury’s second-quarter sales dented by Argos
Sainsbury’s has hailed “improved sales momentum” during its second-quarter despite challenging trading at Argos weighing on its top line.
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NewsM&Co profits fall as ‘unprecedented trading challenges’ bite
M&Co has posted a fall in annual earnings after confronting “unprecedented trading challenges”.
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NewsMoss Bros half-year profits flat as sales edge up
Moss Bros has posted broadly flat underlying profits at the half-year mark as the retailer posted a small uplift in overall revenue despite a slump in hire sales.
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NewsHotel Chocolat full-year profits beat expectations as sales climb
Hotel Chocolat has reported a sales rise spurred by product innovation in what boss Angus Thirlwell described as a “year of significant progress”.