All City & finance articles – Page 376
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NewsLink between rents and rates irrevocably broken
The link between business rates and rents is likely to have been permanently severed, showing how out of touch the ratings regime has become.
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OpinionComment: London Fashion Week struts its stuff for the economy
From One Direction to Samantha Cameron, London Fashion Week may attract its fair share of celebrities among the 5,000 visitors that come to see what the best of the British fashion industry has to offer.
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NewsJD's sports stores sparkle as first-half profits soar to £10m
JD Sports Fashion’s pre-tax profits before exceptionals jumped from £2.9m to £10m in its half year as earnings soared at its sports fascia.
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OpinionComment: Next boss Lord Wolfson’s house price warning
Retailers whose fortunes depend on an active housing market have welcomed new signs of life such as more mortgage approvals and transactions.
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NewsThe Hut Group targets 50% overseas sales by 2014 as it mulls IPO
Half of fast-growing etail group The Hut’s sales are set to come from overseas by the beginnning of 2014 as it continues to mull an IPO.
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AnalysisDebenhams’ fourth quarter: What the analysts say
Debenhams today reported like-for-like sales rose 1.9% in the fourth quarter. Retail Week rounds up the City’s reaction.
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NewsDebenhams like-for-likes up 2% as online sales soar
Debenhams’ like-for-like sales jumped 2% in the 52 weeks to August 31 as it gained market share and grew its online business.
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NewsThe Hut records strong first half profit growth
The Hut has reported strong growth in first half profits after sales increased more than 30% year on year.
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NewsFrench Connection losses before tax narrow to £6.1m
French Connection has revealed narrowed losses before tax of £6.1m in its half year to July 31.
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NewsDunelm poised to launch first national TV ad as part of £3m marketing overhaul
Homewares retailer Dunelm is poised to launch its first national TV ad campaign as part of a £3m marketing overhaul which will see it dropping ‘Mill’ from its branding.
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OpinionComment: Thorntons enjoys the sweet taste of success
Just two or three years ago, there was a lot of talk about Thorntons being another victim of the structural demise of the high street.
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OpinionNick Bubb’s Verdict: Next - Deflating the bubble
If Chancellor George Osborne thought that his friend Simon Wolfson would come out today and share his rosy view of the economic recovery, then he was mistaken…
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AnalysisMorrisons half year results: What the analysts say
Morrisons today reported it is slashing its investment in new supermarkets and posted a 10% fall in pre-tax profits. Retail Week rounds up the City’s reaction.
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NewsDunelm pre-tax profits up 12.3% with multichannel growth up 80%
Homewares retailer Dunelm has reported pre-tax profit up 12.3% to £108.1m for the year to June 29, and saw multichannel growth up 80%.
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NewsOcado sales surge 16.4% in third quarter
Ocado sales surged 16.4% to £189.2m in its third quarter as order numbers increased.
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NewsMorrisons first half pre-tax profits plunge as like-for-likes dip
Morrisons pre-tax profit plunged 22.1% to £344m in its first half as the grocer invested in reducing pricing, increased marketing and entering new channels.
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NewsMorrisons takes the axe to investment in supermarkets
Morrisons is to slow the pace of new supermarket openings in another sign that the race for big grocery store space is over.
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NewsNext first-half profits jump as it cuts markdown sales
Next’s pre-tax profit rose 8.2% to £271.8m in its first half to July 27 as markdown sales reduced by 13%.
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NewsB&Q mulls Tesco-style investments to fill bigger stores
B&Q is mulling emulating Tesco’s strategy of investing in complementary businesses to fill its bigger retail stores.
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NewsSports Direct retail gross profit soars 20.3% in first quarter
Sports Direct retail gross profit increased 20.3% to £215.6m in its first quarter as retail sales jumped 14.5% to £505.3m.