All City & finance articles – Page 257
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NewsAsda posts 5.7% slump in first quarter sales amid 'fierce competition'
Asda has posted a 5.7% slump in first quarter like-for-like sales as the grocer continued to struggle amid “fierce competition”.
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NewsHMV owner Hilco and Poundstretcher join battle to save BHS
HMV owner Hilco Capital and Poundstretcher have joined the race to rescue beleaguered department store chain BHS after lodging firm bids.
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NewsBudgens and Londis parent Booker unveils full-year profit lift
Food wholesaler and retailer Booker has reported an 11% rise in full-year profits but warns of “increasing price competition” in the UK.
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NewsMothercare full-year profits up 51% as UK turnaround continues
Mothercare has unveiled a 51% surge in underlying group pre-tax profits to £19.6m but said the international business “remains challenging”.
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AnalysisInfographic: M&S management restructure, plus key facts and figures
The week in words and numbers, May 20, 2016: Marks & Spencer’s Steve Rowe sets out his stall and Gear4music’s full-year results
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CartoonBlower’s retail cartoon: M&S unveils part of its autumn collection early
Retail Week cartoonist Patrick Blower’s take on Marks & Spencer’s decision to release autumn lines in early to outsmart the British weather.
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NewsBurberry plans £100m cost savings as full-year profits and sales fall
Burberry has outlined plans to make “at least” £100m of cost savings over the next three years as it reported a slip in full-year profits and sales.
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NewsThorntons to shutter Oxford Street store with further closures 'likely'
Thorntons is poised to close its store on Oxford Street as new owner Ferrero continues a review of the business, Retail Week has learned.
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NewsInflation falls to 0.3% in April as fashion retailers slash prices
The UK’s inflation rate fell for the first time since September as retailers cut prices to revive sales hit by last month’s cold weather.
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NewsSWOT analysis: As Mountain Warehouse eyes a float, what does the future hold?
Outdoor and leisure retailer Mountain Warehouse has boosted plans for a £200m flotation this year with soaring full-year profits and sales.
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NewsPensions Regulator said to have blocked Green's plans for BHS restructure
The Pensions Regulator is understood to have blocked plans two years ago by Sir Philip Green to restructure BHS and inject funds into the pension scheme.
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NewsBHS administrator asks potential suitors to raise bids
BHS’s administrator Duff & Phelps has reportedly told a raft of suitors vying to buy the collapsed high street chain to raise their bids.
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NewsMountain Warehouse reports stellar year as profits and sales soar
Mountain Warehouse has reported rocketing annual profits and sales and is eying “a couple” of Austin Reed stores.
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NewsAnalysis: How did SuperGroup dodge the fashion doldrums?
SuperGroup’s latest set of results are impressive, bucking the fashion market’s downward trend with profits and sales shooting up.
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NewsSports Direct owner Ashley emerges as front-runner to acquire Austin Reed
Sports Direct founder Mike Ashley has emerged as the front-runner to acquire embattled fashion chain Austin Reed, Retail Week has learned.
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NewsYoox Net-A-Porter posts jump in sales as active users up
Etailer Yoox Net-A-Porter has reported a healthy jump in first-quarter sales as its number of active users hit 2.5 million.
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AnalysisInfographic: Flat sales for UK retailers, plus key facts and figures
The week in words and numbers, May 13, 2016: 0% growth in retail sales, plus key quotes from this week’s news stories.
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VideoThe Retail Week: M&S shake-up, SuperGroup success, Asda's Q1 and BHS
This week we discuss the shake-up at the top for M&S, SuperGroup’s full-year results, Asda’s upcoming Q1 performance and the ongoing BHS saga.
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NewsMike Ashley's Sports Direct extends its bet on Debenhams
Sports Direct has reiterated it will remain a “supportive” shareholder of Debenhams after extending its bet on the department store chain.
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NewsTesco boss Lewis pockets £3m bonus as grocer returns to profit
Tesco chief executive Dave Lewis has pocketed an annual bonus of almost £3m after leading the supermarket giant back into the black.