All City & finance articles – Page 339
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NewsTesco boss Philip Clarke steps down as grocer warns on profits
Tesco chief executive Philip Clarke is stepping down after a profit warning and will be replaced by Unilever personal care president Dave Lewis.
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NewsBreakfast briefing: Retail news on Mothercare, Tesco, Argos and more
Retail news round-up on July 21, 2014: Mothercare finance chief poised to join Debenhams, Tesco to build 4,000 UK homes, Argos to trial same day delivery and more
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NewsDixons Carphone merger wins approval from shareholders
Carphone Warehouse and Dixons’ shareholders approved the merger of the two companies at separate general meetings held by both retailers yesterday.
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NewsExpress Gifts owner Findel reports sales decline of 2.2%
Findel’s sales decreased 2.2% for the 15-week period to March 31 despite Express Gifts increasing its sales for the period by 6.2%.
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NewsThe Co-operative Group sells pharmacies to Bestway for £620m
The Co-operative Group has agreed to sell its pharmacies to Sir Anwar Pervez’s Bestway in a deal valuing the health specialist at £620m.
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CartoonBlower’s retail cartoon: Newton-Jones arrives as Mothercare's new CEO
Retail Week’s cartoonist Patrick Blower’s take on Mothercare’s appointment of Newton-Jones as the retailer’s permanent chief executive.
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OpinionRetail surgery: How do I ensure my shop is compliant with the Energy Act?
Guidance from the Department for Energy and Climate Change (DECC) has been scarce, although a new consultation paper is expected.
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NewsMothercare’s first-quarter results: What the analysts say
Find out what the analysts make of Mothercare revealing a 0.9% rise in UK like-for-likes for the 15 weeks to July 12 as it welcomes new boss Mark Newton-Jones.
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NewsNick Bubb’s verdict: Sports Direct - challenging targets?
Mike Ashley is keen to encourage Sports Direct staff to work even harder to hit the company’s EBITDA target, but is this year’s target that challenging?
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AnalysisSports Direct's full-year results: What the analysts say
Sports Direct posted underlying pre-tax profit up 19.8% to £249.3m in its full-year to April 27. Retail Week takes a look at what the analysts say.
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NewsMothercare to take online sales hit as it shifts to full-price focus
Mothercare expects to take an online sales hit in the short term as new boss Mark Newton-Jones puts full-price sales at the heart of strategy.
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NewsAo.com quarterly like-for-likes jump 30% as it prepares for German launch
Electricals etailer Ao.com like-for-likes jumped 30% in the three months to June 30 as it prepares to launch Ao.de site in Germany.
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NewsSports Direct reports surging sales and profits in full year
Mike Ashley’s Sports Direct has reported retail like-for-like sales increased 10.5% and profits soared by 19.8% for its full year.
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NewsMothercare boss Newton-Jones unveils 'modernising' turnaround plan
Mothercare’s new chief executive Mark Newton-Jones has unveiled a turnaround plan to “fix the basics” at the maternity specialist.
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AnalysisAnalysis: Retailers and shopping centres join forces for new apprenticeship
The BCSC Educational Trust and the National Skills Academy for Retail have teamed up with Primark and Hammerson to launch a new apprenticeship. Retail Week takes a look at the project.
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NewsSainsbury’s AGM welcomes rival Philip Clarke in name only
At Justin King’s final AGM last week a questions came from one of the grocer’s shareholders, who shared his name with Tesco boss Philip Clarke.
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NewsSports Direct's Mike Ashley withdraws from new bonus scheme
Sports Direct owner Mike Ashley has withdrawn from the Bonus Share Scheme this month, following pressure from the City.
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OpinionComment: A retail finance director’s remit goes beyond numbers
Marks and Spencer and Tesco demonstrate that the role of the modern CFO does not stop at finance but extends into every aspect of retail.
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OpinionComment: Aldi and Lidl’s discounting is no new phenomenon
The fervour surrounding Aldi and Lidl’s discounting belies the longstanding tradition of discounters in the UK retail market.
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OpinionComment: Destination Maternity’s woes rule out a deal with Mothercare
The topsy-turvy logic of Destination Maternity’s interest in merging with Mothercare was laid bare by the US retailer’s latest update.