All City & finance articles – Page 313
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News
TPG 'in advanced talks' over £120m deal to acquire Poundworld
TPG is reportedly in advanced talks to buy Poundworld in a deal that could be worth more than £120m.
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News
Game Digital acquires games festival organiser Multiplay for £20m
Video games retailer Game Digital has acquired games festival organiser Multiplay for £20m as it seeks to improve its fortunes.
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News
Breakfast Briefing: Retail news on Poundworld, Morrisons, Sports Direct, Tesco and more
Retail news round-up on March 2, 2015: TPG could acquire Poundworld, Dunelm founder buys Morrisons stake, investors concern over Sports Direct’s delay on finance director and more.
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News
Aldi's brand value surges 11% as it surpasses Tesco
Aldi’s brand value rose 11% to £9.2bn in the past year, making it more valuable than Tesco whose brand value plummeted by £3.6bn this year.
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News
Target security costs reached $162m following 2013 data breach
Target has revealed its 2013 security breach, which compromised customer data, has cost the business $162m (£105m).
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News
Co-op drafts in finance chief and reveals new heads of IT and communications
The Co-operative Group has confirmed that it has hired a new chief financial officer, but cannot reveal their name due to confidentiality clauses.
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News
JC Penney shares take a hit after posting unexpected loss
US department store group JC Penney saw its shares take a tumble last night after the retailer posted lower than expected results.
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Cartoon
Blower's retail cartoon: DFS valued at £585m ahead of float
Retail Week’s cartoonist Patrick Blower’s take on DFS being valued at £585m when it floats on the stock exchange next month.
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News
Consumer confidence remains constant for February
Consumer confidence has remained at 1 for February, according to GfK’s UK Consumer Confidence Index, following a slip in December 2014.
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News
Infographic: John Lewis reports strong sales, while Waitrose lags
Department store retailer John Lewis recorded an increase in sales in the week to February 21, with a strong performance from home and fashion.
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News
Breakfast Briefing: Retail news on Tesco, B&Q and Carphone Warehouse
Retail news round-up on February 27, 2015: Tesco left with just one woman on the board, B&Q accused of pay-to-stay threats and Carphone Warehouse Ireland back in black
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News
House of Fraser to ask suppliers for 20% discount on orders
House of Fraser is introducing a buying scheme that will seek discounts of up to 20% from suppliers if the retailer ups the size of wholesale orders.
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News
Countrywide Farmers reports increase in half-year sales
Rural supplies retailer Countrywide Farmers recorded a like-for-like sales increase of 2.2% to £138.8m in the six months to November 30, 2014.
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News
TK Maxx owner TJX profits rise 11% as it unveils plan to raise staff wages
TK Maxx owner TJX reported a rise in fourth-quarter profits as it revealed plans to raise its minimum wage to up to $10.
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Analysis
Ao.com has issued a profit warning: what the analysts say
Ao.com has issued a profit warning as it predicts profits will be “slightly lower than anticipated”. Here’s the analysts’ view.
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News
Ann Summers' sales surge following launch of Fifty Shades of Grey film
Ann Summers has witnessed a surge in sales as customers bought handcuffs and products featured in new film Fifty Shades of Grey.
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News
Ao.com boss downplays profit warning as 'bump' in the road
Ao.com chief John Roberts has described the retailer’s profit warning as a “bump” in the road and still expects 20% sales growth next year.
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News
Shop Direct makes head office job cuts as new technology renders roles redundant
Shop Direct has made head office redundancies after implementing new technology which has made some roles obsolete.
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News
Ao.com warns on profits after post-IPO publicity drops off
Ao.com has issued a profit warning after struggling to achieve expected revenue growth following a fall in publicity since its IPO.
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News
Morrisons appoints former Tesco executive David Potts as new boss
Morrisons has appointed former Tesco executive David Potts to replace Dalton Philips, who left a month ago, as its new chief executive.