All City & finance articles – Page 359
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NewsBreakfast briefing: Retail news on Pets at Home, Harris + Hoole, Carphone Warehouse
Retail news round-up on March 4, 2014:Pets at Home owner KKR could reap over £200m from float, Tesco coffee shop chain Harris+ Hoole to double store count, Carphone Warehouse fined in Ireland for sending spam text messages, and Crew Clothing hires Amy Bastow as commercial director
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NewsThorntons profits jump as FMCG outgrows retail sales
Chocolatier Thorntons pre-tax profit jumped from £4.9m to £7.2m in its first half as its FMCG division outgrew retail sales.
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NewsWarren Buffett slashes stake in troubled Tesco by a quarter
Billionaire investor Warren Buffett has cut his stake in Tesco by more than a quarter which could knock confidence in its turnaround plan.
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NewsBreakfast briefing: Retail news on Maplin, Marks & Spencer, Tesco, John Lewis Partnership and more
Retail news round-up on March 3, 2014: Maplin up for sale, M&S hires Next Sourcing gurus, Warren Buffet cuts Tesco stake, John Lewis Partnership to slash annual staff bonus and more.
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OpinionComment: Versace may need to relinquish control to achieve real success
This week it was revealed that Versace, the Italian luxury fashion brand, is selling a 20% stake to Blackstone, the US private equity firm, for $287 million.
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NewsPets at Home sets price range for £1.3bn stock market float
Pets at Home has set the price range of 210p to 260p per share for its IPO giving it a market capitalisation of up to £1.05bn to £1.3bn.
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NewsAo.com shares leap on stock market debut
Ao.com turbo-charged the stock market when its shares debuted yesterday and spiked more than 40%.
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NewsFormer Shop Direct boss Mark Newton-Jones to join Boohoo board
Former Shop Direct chief executive Mark Newton-Jones is to bolster the Boohoo board ahead of its float.
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AnalysisTesco’s UK turnaround strategy: What the analysts say
Tesco yesterday hosted investors and analysts to outline how it will accelerate its strategy to turnaround its UK arm. Retail Week rounds up the reaction.
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OpinionComment: Surely Mothercare's Simon Calver should have got a bonus
The terms of Simon Calver’s exit from Mothercare are perplexing .
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NewsWickes full-year sales up but profits down as it invests in price
Travis Perkins’ consumer division, largely comprising Wickes, reported sales up but profits down last year as it invested in price.
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NewsAo.com valued at £1.2bn as it debuts on London Stock Exchange
Electricals etailer Ao.com has debuted on the London Stock Exchange at a value of £1.2bn, at the upper end of expectations for its IPO.
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OpinionComment: Property - a silver bullet for Britain’s supermarket giants?
It’s no secret that all of the UK’s big supermarkets sit on large property portfolios.
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OpinionComment: Money in the tills is key for Morrisons
Arbitrage is the practice of taking advantage of a price difference between markets. It’s usually a City term, but is actually common in retail.
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NewsTesco reveals online grocery profits as it builds multichannel offer
Tesco has revealed it made £127m of trading profit in its UK online grocery arm last year, lifting a shadowy veil from one of the biggest unanswered questions in grocery.
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NewsPrimark eyes further European expansion as French debut impresses
Primark is eyeing further European expansion as its French debut gets off to a flying start.
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NewsEcommera attracts £25 million funding from investors including WPP
Software-as-a-service and big data company eCommera has secured £25 million in Series C funding from investors including advertising giant WPP.
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NewsRepublic stores in jeopardy as Sports Direct seeks further rent reductions
Sports Direct is asking for further concessions from landlords of its Republic stores, putting the future of some of its shops in doubt, Retail Week has learned.
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NewsTesco to further scale back new space growth
Tesco will today outline plans to cut back its investment in new space to no more than £2.5bn a year for the next three years.
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NewsBoohoo set to hire former Asos director Peter Williams as chairman
Fashion etailer Boohoo.com is set to hire former Asos non-executive director Peter Williams as its chairman as it finalises plans for its £500m float.