All City & finance articles – Page 157
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NewsRowe: Ocado deal 'boldest moment' of M&S transformation
Marks & Spencer boss Steve Rowe has hailed the retailer’s online grocery venture with Ocado as the “biggest and boldest moment” in its digital transformation plan.
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NewsTed Baker cautions on profits amid currency movements
Ted Baker has cautioned full-year profits will come in below expectations after being “adversely affected” by non-cash factors.
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AnalysisAnalysis: How will shopping centre flux impact retailers?
Property giants Hammerson and Intu intend to sell off a raft of assets and ramp up their focus on residential units and hotels in an effort to rejuvenate their portfolios including flagship malls. Retail Week examines what the strategy means for the future of retailers in shopping centres.
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NewsShop price inflation rates highest in six years
The rate of shop price inflation hit a six-year high in February due to economic uncertainty and ongoing supply chain issues.
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NewsHotel Chocolat posts rise in first-half profits
Hotel Chocolat has reported an increase in interim earnings after delivering a strong Christmas.
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NewsWickes takes profit hit in ‘extremely challenging’ year
Profits at Travis Perkins’ retail division – DIY giant Wickes and specialist retailer Tile Giant – fell last year in “extremely challenging” market conditions.
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NewsHammerson to splash cash on events to drive footfall
Shopping centre landlord Hammerson will ramp up investment in events and hotels as it bids to tackle ailing footfall and sales.
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NewsHammerson ramps up sell-off ambitions as profits fall
Hammerson has posted a decline in its full-year property values in what boss David Atkins described as “a tough year, particularly for the UK”.
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OpinionProperty owners and retailers must be honest with each other
There has been plenty of media coverage recently on the need for greater transparency and collaboration between owners and occupiers.
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NewsPrimark interim sales rise bolstered by UK
Primark has reported an uplift in sales at the half-year mark but like-for-likes slipped due to a slowdown in Europe.
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NewsKKR mulls Asda swoop as Sainsbury’s merger stumbles
KKR is reportedly eyeing a bid for Asda under the direction of senior adviser and the grocer’s former boss Tony De Nunzio.
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NewsThe Body Shop full-year sales and profits climb
The Body Shop has posted an uplift in its full-year sales as parent company Natura’s transformation plans start to bear fruit.
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NewsPrimark, Hotel Chocolat and Travis Perkins update the market
Retail Week looks ahead to the next seven days, with Primark, Hotel Chocolat, Travis Perkins and the Brexit vote on the agenda.
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AnalysisCan the West End survive another business rates hike?
Eye-watering business rate rises have made trading in central London more costly than ever. With some retailers shutting up shop, can the West End survive?
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Retail VoiceThe new CFO – a retail change champion?
To stay on track, retailers must become data authorities, make solid tech investments and plan for future talent – all within the remit of the CFO, says Paul Prendergast of Accenture.
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NewsIntu to look to residential and hotels to drive footfall
Intu’s chief financial officer Matthew Roberts has said the property giant will be looking to intensifying its residential and hotel offerings to offset declining retail footfall.
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AnalysisAnalysis: Is a Sainsbury's-Asda deal dead in the water?
What a difference a year makes. In April 2018, Sainsbury’s chief executive Mike Coupe, Asda boss Roger Burnley and Walmart’s international supremo Judith McKenna were all smiles as they lifted the lid on plans for a £13bn mega-merger.
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NewsIntu suffers drop in footfall but rental income rises
Intu suffered a drop in footfall to its shopping centres last year but hailed “robust” growth in rental income.
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NewsLaura Ashley warns on profits amid ‘market turbulence’
Laura Ashley has warned full-year profits will “fall short of market expectations” following “difficult” trading conditions in the first half of its financial year.
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NewsSainsbury's-Asda merger on knife edge after CMA findings
Sainsbury’s £13bn merger with rival Asda could be blocked by the competition watchdog after it found “extensive competition concerns” surrounding the deal.