All City & finance articles – Page 379
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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.
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NewsB&Q owner Kingfisher first-half profits dip 1.4% in UK and Ireland
Kingfisher UK and Ireland retail profit dipped 1.4% in its first half as adjusted pre-tax profits across the group fell 1.6% to £365m.
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NewsThorntons full-year profits rise as commercial sales increase
Profits rose at Thorntons last year as the chocolatier revamped its model and increased sales to the grocers.
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OpinionComment: Appliances Online to whet investor appetite
Etail group DRL, owner of AO.com (formerly Appliances Online), has this week moved a step closer to a stock market flotation after hiring banks Jefferies and JP Morgan.
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OpinionComment: Greater innovation is helping mobile commerce to thrive
According to the IMRG Capgemini e-Retail Sales Index, the proportion of online sales made through mobile devices doubled in the three months to the end of July.
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NewsPrimark owner raises profit forecasts after strong summer
Primark owner Associated British Foods (ABF) has raised its second-half profit expectations after strong summer sales at the fashion retailer.
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NewsAppliances Online owner DRL steps up flotation plans
AO.com owner DRL is a step closer to listing on the London Stock Exchange after taking on advisers and lining up banks to complete the deal.
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AnalysisAnalysis: What do Dixons' sell-offs mean for the retailer?
Dixons today revealed plans to sell off its lossmaking Pixmania business and Turkish arm ElectroWorld. Retail Week takes a look at the implications for the retailer.
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NewsDixons' sale of Pixmania and Electroworld: What the analysts say
Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld, as it revealed UK and Ireland like-for-likes rose 6% in its first quarter. Retail Week takes a look at what the analysts say.
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AnalysisSupergroup's first quarter: What the analysts say
Supergroup like-for-likes increased 8.5% in its first quarter due to its policy not to run Sales. Retail Week takes a look at what the analysts say.
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NewsSuperGroup first quarter sales jump reflects brand's 'enduring appeal'
Fashion retailer SuperGroup’s like-for-likes jumped 8.5% in the 13 weeks to July 28 reflecting the “enduring appeal” of the brand, according to boss Julian Dunkerton.
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NewsDixons to sell Pixmania and Turkish arm to focus on stronger markets
Electricals retailer Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld.
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OpinionComment: Relieving rates burden would be real retail fix
Bill Grimsey and Mary Portas may have more in common than either would care to admit. Both have passionately articulated the vast challenge that faces high street retailers.
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OpinionComment: Terry Duddy's legacy at Argos and Home Retail
Other than founder Richard Tompkins, perhaps nobody is more associated with Argos than Terry Duddy, chief executive of parent Home Retail, who has revealed he will step down by next July.
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NewsBreakfast briefing: Retail news on Tesco, HMV, Supergroup, Majestic Wine and Topshop
Retail news round-up September 4, 2013: HMV receiver paid over €300,000 in fees and expenses; Supergroup faces shareholders resistance over directors’ pay; Tesco criticised by ASA over misleading horsemeat ad and Topshop and Topman expands in Germany.
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NewsCard Factory to refinance after shelving sale plans
Card Factory owner Charterhouse has shelved plans to sell the 650-store retailer after receiving bids below its expectations.
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OpinionComment: Would Morrisons/Ocado merit a mention in Robert Peston Goes Shopping?
Robert Peston’s TV programme on shopping on Monday made enthralling viewing.
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NewsBreakfast briefing: Retail news on Burberry, Debenhams, Asos, Tesco and Kilian Kerner
Retail news round-up September 3, 2013: Burberry’s new fragrance campaign; Debenhams doubles advertising investment; Asos finds new logistics provider; Tesco appoints non-executive director; and Kilian Kerner grows with five House of Fraser shop in shops
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NewsCountrywide plans AIM listing as full-year profits surge
Agricultural retailer Countrywide Farmers has revealed plans to list on the AIM stock exchange after reporting record profits.
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OpinionComment: The OFT needs to remove ambiguity in price promotion laws
Last week, six furniture stores and carpet retailers came under scrutiny from the Office of Fair Trading (OFT) for their pricing strategy.