All City & finance articles – Page 297
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NewsSales suffer at Argos, but Homebase like-for-likes up for Home Retail Group
Home Retail Group has warned it expects a “challenging” first half at Argos after revealing a 2.6% drop in first-quarter sales.
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NewsZara owner Inditex first-quarter net profits jump 28%
Inditex – owner of fashion chains Zara, Pull & Bear, Massimo Dutti and Bershka – has revealed a 28% rise in net profits for its first quarter.
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AnalysisAnalysis: Is Iceland right to shift focus away from simply price?
Frozen food is often unfairly seen as a downmarket option but Iceland is on a mission to shift perceptions as it seeks to halt a sales and profit decline.
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AnalysisSainsbury's first-quarter sales fall: What the analysts say
Sainsbury’s like-for-like sales fell 2.1% in the 12 weeks ending June 6 amid food price deflation and the ongoing supermarket price war.
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NewsBoohoo reports strong start to year as sales increase 35%
Boohoo.com has reported a 35% increase in total sales to £41.3m as the fashion etailer’s UK and international efforts pay off.
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NewsIceland boss says year was 'exceptionally challenging' as profits plunge
Iceland boss Malcolm Walker said it has been an “exceptionally challenging year” for the retailer following plunging like-for-likes and profits.
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NewsClarks full-year profits rise, but sales hit by discounting
Clarks has revealed a 1.4% rise in full-year pre-tax profits, but sales were hampered by “stiff trading conditions” in the UK and Ireland.
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NewsShoe Zone profits and revenue slip due to store closures and warm weather
Footwear specialist Shoe Zone’s half-year profits slipped 26% after a decrease in sales from store closures and unseasonable trading conditions.
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NewsSainsbury's first-quarter sales fall amid deflation and price competition
Sainsbury’s like-for-like sales fell 2.1% in its first quarter as bosses blamed food price deflation and the “highly competitive” marketplace.
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OpinionNick Bubb's verdict: Who you can trust for sales figures
Fingers are always pointed at the Office of National Statistics but the Confederation of British Industry seems to live on a different planet.
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NewsPark Group profits surge as corporate business outpaces consumer growth
Voucher specialist Park Group has recorded a surge in full-year pre-tax profits as corporate billings gain ground on its consumer business.
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OpinionNo better time than now for Morrisons’ Potts to put his foot on the pedal
The stars may be in alignment for Morrisons’ new leadership team to make a trolley dash for sales and gain ground on rivals.
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NewsPets at Home’s biggest shareholder to sell nearly half its stake
Pets at Home’s largest investor Kohlberg Kravis Roberts is to halve its stake in the business by selling 21.6% of the retailer’s shares.
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NewsNew Look to refinance debt to reduce interest costs
New Look is seeking to refinance £1bn of debt to reduce interest costs ahead of its acquisition by South African investment house Brait.
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OpinionAnalysis: Boots restructuring – the reasons behind the job losses
Boots today became the latest business giant to reveal plans to cut jobs as it aims to tackle the shifting retail environment.
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NewsMorrisons boss slashes prices of 200 everyday products
New Morrisons chief executive David Potts is to slash the price of 200 everyday products including bread, milk and butter.
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NewsBHS documents reveal full extent of decline as losses widen
The full extent of BHS’ decline has been laid bare in Companies House documents that show losses widened in its year to August 30.
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NewsSir Ken backs new Morrisons board amid shareholder revolt over pay
Sir Ken Morrison has given his seal of approval to the grocer’s new management team amid a shareholder revolt over Dalton Philip’s £3m payout.
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NewsPets at Home boss commits to staff investment despite growing wage bill
Pets at Home boss Nick Wood has vowed to continue investing in staff, despite seeing workforce costs rise around 13% in its last financial year
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NewsInfographic: Waitrose plant sales blossom after Chelsea Flower show
Waitrose has reported a welcome sales bump following the Chelsea Flower Show as sales of plants rocketed at the supermarket last week.