All City & finance articles – Page 359
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NewsIkea sales jump 11.3% as it prepares biggest ever investment in price cuts
Ikea has increased annual sales by 11.3% and unveiled plans for its largest investment into lowering prices.
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NewsTesco eyes partial sale of banking arm as part of £1bn flotation
Tesco is considering the sale of a stake of its banking arm to raise money as it battles to turnaround the business after an accounting scandal.
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NewsPaperchase increases pre-tax profits and turnover as it prepares for sale
Paperchase has increased pre-tax profits for the year to £741,000 on the back of improving turnover as it gears up for a sale.
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AnalysisAnalysis: Best of a bad bunch? Morrisons trumps Tesco according to Moody’s
Tesco and Morrisons are both battling to turn themselves around in the face of an extraordinary structural shift in grocery.
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NewsSuperGroup latest fashion retailer to warn on profits amid warm autumn
SuperGroup has become the latest fashion retailer to issue a profit warning after the unseasonably warm weather in September and October.
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News99p Stores enhances grocery offer as profits rise at the retailer
99p Stores has unveiled rising profits and is preparing to expand its grocery offer in its biggest investment programme.
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NewsHarrods full-year profits rise as it hails 'another record year'
Harrods operating profit jumped 13% to £122.9m in its year to February 1 as sales rose 10.8% to £794m for the luxury department store.
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NewsGem of an idea for as Gerald Ratner is linked to Tesco chairman role
As speculation over who will take over as Tesco chairman reaches fever pitch, one unlikely candidate has emerged.
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NewsSerious Fraud Office to investigate Tesco accounting scandal
The Serious Fraud Office (SFO) has launched a criminal probe into accounting irregularities that resulted in Tesco’s overstatement of profits.
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NewsNext's third quarter results: What the analysts say
Next sales increased 5.4%, behind its expectations of 10%, in its third quarter to October 25. Retail Week highlights what the analysts say about the results.
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OpinionComment: Tesco’s Lewis must be allowed time to succeed
Tesco was dumped in the remainder bin by the City after new boss Dave Lewis lifted the lid on results delayed by the grocer’s accounting scandal.
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NewsNext cuts full-year profit expectations as warm autumn hits sales
Next has reduced its profit expectations for the year after the unseasonably warm start to autumn hit sales growth in its third quarter.
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NewsTesco chief Dave Lewis offered £2.8m in share options
Tesco’s new chief executive Dave Lewis has been offered share options worth almost £2.8m at today’s prices.
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NewsBreakfast briefing: Retail news on Sports Direct, Tesco and Co-op
Retail news round-up on October 28, 2014:Sports Direct forced to spell out controversial ‘zero-hours’ contracts in job ads, Tesco chief awarded share options worth £2.8m, Dennis Holt to chair board of Co-op Bank
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NewsM&S fashion market share declines but margin likely to have been preserved
Marks & Spencer has suffered a further erosion of fashion market share, the latest Kantar fashion retail data has shown.
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OpinionComment: Christmas – the lights are on but is anyone buying?
The fall in consumer spending in September is not good news for the long-suffering high street retailer.
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NewsOffice owner gears up for sale or float as it expands internationally
Office is accelerating plans to expand across Europe as the footwear retailer’s owners consider a sale or an IPO of the company.
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NewsUPDATED: Mothercare raises £100m as shareholders take up underwritten rights issue
Mothercare has raised £100m that it will invest in its digital transformation and a business overhaul after underwriters found subscribers for the rump of its rights issue.
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NewsTesco reviews bonus of new boss Dave Lewis following accounting scandal
Tesco boss Dave Lewis is in discussions about a new bonus deal as the board reviews executive pay following the retailer’s accounting scandal.
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NewsBreakfast briefing: Retail news on Office, Morrisons and Tesco
Retail news round-up on October 27, 2014: Office owners explore sale or float; Morrisons hikes prices on several products; Tesco boss admits exec pay under review.