All City & finance articles – Page 319
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AnalysisAo and Boohoo investors must back the management as much as the strategy
The two high-profile etailer flotations of last year, each of which subsequently disappointed, may be showing signs of getting back on track.
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AnalysisCard Factory first-half profits grow as it declares special dividend
Card Factory has reported rising half-year profits and sales boosted by new stores, improved product quality and a growing online business.
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AnalysisDebenhams faces boardroom coup as Cenkos Securities stirs up investors
Debenhams is facing a boardroom coup as City stockbroking firm Cenkos Securities attempts to spark an investor rebellion.
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AnalysisAo.com poised to report 30% sales surge during its second quarter
Ao is poised to report a 20% increase in UK revenues during its current quarter of trading after sales from the Ao.com site rocketed more than 30%.
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AnalysisMade.com losses widen but sales soar as it bolsters international presence
Made.com has reported a widening of its full-year losses to £5.3m despite a 63.4% surge in sales as it bolsters its international presence.
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AnalysisFrench Connection losses increase amid 'disappointing' spring sales
French Connection has reported a pre-tax loss of £7.9m during its first half following “disappointing performance” of its spring collection.
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Interview
BHS boss interview: Will BHS still be here in a year’s time? ‘Absolutely’
Last year, for only the second time in a decade, department store group BHS recorded annual like-for-like growth.
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Analysis
Poundland takeover of rival 99p Stores given full clearance by CMA
Poundland’s takeover of value retail rival 99p Stores has been given full clearance by the Competition and Markets Authority (CMA).
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Analysis
M&Co boss Iain McGeoch steps down after more than 50 years at the helm
Scottish fashion tycoon Iain McGeoch has stepped down as chairman and chief executive of M&Co after more than 50 years at the helm.
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Analysis
River Island reveals 70% profit surge as it expands into South America
River Island has revealed a 69.4% surge in full-year pre-tax profits as the fashion retailer unveils its first stores in South America.
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Video
The Retail Week: Kingfisher's top team, a new-look BHS and River Island
Catch up on this week’s big retail stories with analysis from executive editor George MacDonald and senior reporter Matthew Chapman.
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News
Hobbycraft profits rise after laying foundations for growth
Arts and crafts retailer Hobbycraft has revealed full-year profits and sales growth as its business transformation plan pays off.
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NewsJD Sports Fashion reveals 82% jump in half-year profits
JD Sports Fashion has reported an 82% leap in half-year profits as its flagship sports facscia continues to perform strongly.
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NewsH&M hit by warm August but third-quarter sales up 11%
H&M revealed slowing sales growth in August, blaming “unseasonably warm weather”, but third-quarter sales soared 11%.
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NewsCard Factory founder Dean Hoyle invests in The Works and appointed chairman
Card Factory founder Dean Hoyle has made a ‘sizeable’ investment in discounter The Works and will become its chairman.
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NewsClothing prices help peg UK inflation rate back to 0%
The UK inflation rate fell back to 0% in August, down from 0.1% the previous month, largely due to a smaller rise in clothing prices.
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OpinionMorrisons is being deserted by investors but Potts could rekindle success
So far, the market hasn’t taken much to Morrisons’ newish chief executive David Potts’ ideas about turning around the grocer.
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NewsOcado third-quarter sales climb 15.3% despite 'tough market'
Online grocer Ocado reported retail sales increased 15.3% to £252m in its third quarter as its sales and orders increased.
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NewsKingfisher profits slip as 'strong' UK earnings offset by currency volatility
B&Q owner Kingfisher’s adjusted pre-tax profit slipped 2.3% in its first half as “strong” UK profit earnings were offset by currency volatility.
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NewsBooker Group completes £40m acquisition of Londis and Budgens
Booker Group has completed its £40m acquisition of Musgrave Retail Partners GB, owner of convenience stores Londis and Budgens.