All City & finance articles – Page 340
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NewsNext raises full-year profit guidance for second time this year
Next has increased its full-year expectations for the second time this year, following a bumper first half as it hits the expansion trail for its home format.
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NewsMorrisons appoints retail heavyweight Andrew Higginson as its new chairman
Morrisons has hired retail heavyweight and former Tesco finance director Andrew Higginson as its new chairman, as he steps down from Poundland.
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NewsBreakfast briefing: Retail news on Morrisons, Next and Carpetright
Retail news round-up on July 29, 2014: Poundland appoints former Carpetright boss Darren Shapland as its chairman, Next raises full-year profit guidance for second time and Carpetright posts 5.2% sales jump
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NewsB&M reports first-quarter like-for-like sales rise of 6%
Newly floated value retailer B&M has posted strong first-quarter sales growth and said that full-year guidance is in line with expectations.
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NewsMothercare finance boss Matt Smith to leave for Debenhams
Department group Debenhams has named Matt Smith as chief financial officer.
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NewsBreakfast briefing: Retail news on Home Retail Group, Morrisons and 'supermarket tax'
Retail news round-up on July 28, 2014: Home Retail considers Homebase disposal, retailers attack ‘supermarket tax’ proposal, Leighton and Norman in frame for Morrisons chairmanship
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AnalysisAnalysis: Is it time for Amazon to focus on making money?
Amazon’s shares fell 10% last night, following news of its second quarter loss. Retail Week asks if it is time for Amazon to start focusing on profits?
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NewsMothercare chief financial officer Matt Smith resigns
Mothercare chief financial officer Matt Smith has resigned from his role at the maternity retailer.
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NewsAmazon loses £9.4bn in value as it posts £74.2m second-quarter loss
More than $16bn (£9.4bn) was wiped off the value of Amazon last night as it posted a net loss of $126m (£74.2m) in the three months to June 30.
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NewsBreakfast briefing: Retail news on Amazon and Comet
Retail news round-up on July 25, 2014: Amazon quarterly loss widened to £74m in its second quarter and Vince Cable to reveal Comet’s administrators face a probe by the accounting watchdog.
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CartoonBlower’s retail cartoon: Dave Lewis takes on Tesco’s clean-up
Retail Week’s cartoonist Patrick Blower’s take on Dave Lewis stepping into Philip Clarke’s shoes as Tesco’s new chief executive.
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NewsKingfisher sales dip in second quarter after slowdown in France and Poland
DIY giant Kingfisher has reported a 1.8% drop in like-for-like sales in its second quarter after a slowdown in trading in France and Poland.
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OpinionComment: Tesco’s new chief executive Dave Lewis has to rebuild the retailer’s brand
Tesco’s new chief executive Dave Lewis will need to bring to an understanding of how to reconnect customers with the retailer’s brand.
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OpinionComment: Philip Clarke leaves Tesco in unhappy 40th year at the grocer
Dave Lewis will replace Philip Clarke at Tesco this October after the firm registered its worst trading performance in forty years.
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NewsApple's iPad stutters as iPhone sales surge
Apple’s tablet sales were down 9.9% year on year for the quarter ending June 28 as its sales of iPhones remained strong to help it to a record quarter.
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NewsBreakfast briefing: Retail news on Lidl, Made.com, Tesco and more
Retail news round-up on July 23, 2014: Lidl paid ‘over £25m’ in tax, Made.com launches social network platform, Shareholders question Philip Clarke’s pay-off, and more.
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OpinionComment: How long will the City give Dave Lewis at Tesco?
The sudden, although perhaps not entirely surprising, departure from Tesco of chief executive Phil Clarke divided opinion.
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NewsBeales accused of 'setting record for foolishness' by shareholder Panther
Department store Beales has angered its largest shareholder Panther Securities by removing the property firm’s representative from its board.
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NewsMcColl's posts operating profit up 14.6% as it appoints new chairman
McColl’s posted operating profit up 14.6% in its half year, as the convenience retailer promoted deputy chair John Coleman to chairman.
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NewsBreakfast briefing: Retail news on White Stuff, McColl's, New Look and Matalan
Retail news round-up on July 22, 2014: White stuff posts ‘strong’ full-year peformance, McColl’s posts half-year profits dip, Two New Look directors depart, Matalan to open its first ever Oxford Street store.