All City & finance articles – Page 354
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NewsMySale profit warning to hit Mike Ashley and Sir Philip Green
Retail tycoons Mike Ashley and Sir Philip Green are facing paper losses after shares in etailer MySale, in which they are investors, slumped following a profit warning.
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NewsPetSmart sold to private equity firm BC Partners in £5.6bn deal
PetSmart has been sold to a consortium led by European private equity firm BC Partners for $8.7bn (£5.6bn).
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NewsCarpetright profits triple in first half as it halts international sales decline
Carpetright has recorded a tripling of pre-tax profits in its first half as it halts the sharp decline in its European businesses.
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NewsTesco tasks PwC with auditing stock management as it scraps supplier fees
Tesco has tasked its auditor PricewaterhouseCoopers with scrutinising stock management as it shakes up the sector by scrapping supplier fees.
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NewsOcado says sales boosted by rivals becoming distracted by discounters
Ocado has said its sales have benefitted from supermarket rivals becoming distracted by competing with the discounters.
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NewsMoss Bros like-for-like sales increase 7.8% in second half
Mens formalwear specialist Moss Bros has reported that like-for-like sales for the first 19 weeks of its second half rose 7.8%.
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NewsOcado reports retail sales rise 14.9% in its fourth quarter
Ocado has reported that gross retail sales in its fourth quarter rose 14.9% in the midst of the intensely competitive grocery market.
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NewsSports Direct profits up 9.8% despite England's early World Cup exit
Sports Direct has reported solid interim results despite England’s early exit from the World Cup and the mild autumn hitting footfall.
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NewsSuperGroup reports challenging first half as profits fall 31%
SuperGroup has reported a challenging first half with underlying profits falling 31%, hit by the warm autumn weather across Europe.
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NewsN Brown prepares for fierce Christmas trading amid 'volatile' environment
N Brown is gearing up for fierce Christmas trading in a volatile consumer environment as it seeks to recover from a tough third quarter.
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NewsN Brown reports improving sales in October and November
N Brown has reported improved trading for October and November, following the unseasonably warm weather in September.
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OpinionComment: Tesco's clean-up is necessary, but will investors stick with it?
Tesco chief executive Dave Lewis can’t put a timeframe on the turnaround of the grocer. And it’s probably just as well.
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AnalysisTesco profit warning: Five 'significant' changes boss Dave Lewis has made
Despite today’s profit warning, Tesco chief executive Dave Lewis insists he is changing the grocer for the long term.
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AnalysisTesco issues full-year profit warning: What the analysts say
Tesco has warned its profits for the full financial year will not exceed £1.4bn, well below the £1.8bn to £2.2bn initially expected.
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NewsAsos growth slows following overseas sales weakness
Asos has reported a slowdown in quarterly sales growth after a strong UK performance was offset by international sales falling 2%.
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NewsTesco issues profit warning ahead of full-year results
Tesco has issued a profit warning, saying its full-year profits will be significantly below market expectations.
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NewsBlue Inc raises £4m to invest in online and international propositions
Blue Inc has raised £4m in funding to grow its market share through investment in its online proposition and international business.
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NewsSainsbury's activist fund sparks takeover fears over share raid
Sainsbury’s could face a takeover of the business as a result of activist investor fund Crystal Amber entering talks with overseas investors about a share raid on the grocer.
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NewsEvans Cycles' private equity owner eyes £100m sale of company
Evans Cycles’ head of marketing has confirmed that a sale is “one of the options” being considered by the retailer’s private equity owner.
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NewsPrimark latest fashion retailer to report sales hit after warm autumn
Value fashion giant Primark has become the latest clothing retailer to report a hit to sales as a result of the warm weather in autumn.