All City & finance articles – Page 383
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NewsBurberry like-for-likes rise 13% despite 'soft' footfall
Burberry like-for-like sales jumped 13% in its first quarter due to the “exceptional performance” of its spring fashion range.
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NewsH Samuel owner Signet UK chief executive Rob Anderson to exit
H Samuel owner Signet’s UK chief executive Rob Anderson is to exit the jeweller and commercial director Sebastian Hobbs will take the reins.
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Analysis
Marks & Spencer's first quarter: What the analysts say
Marks & Spencer has today reported a 0.3% rise in like-for-like sales for the 13 weeks to June 29. Retail Week summarises what the analysts say about the performance.
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NewsMarks & Spencer like-for-likes up 0.3% driven by food business
Marks & Spencer has recorded a 0.3% rise in like-for-like sales in its first quarter driven by food, while general merchandise made some progress.
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NewsAppliances Online gears up for stock market float
Online specialist Appliances Online is considering an IPO and is scheduled to hold talks with advisors over the coming weeks.
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NewsTesco pays Leahy £8.5m since retirement as his legacy comes under fire
Former Tesco chief executive Sir Terry Leahy has taken home almost £8.5m in performance-based payouts since his departure.
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OpinionComment: Tesco continues to innovate with new projects
With news out this week that Tesco is to launch a wine brand which will be created by consumers, the supermarket giant looks likely to set a new benchmark for customer engagement.
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NewsBeales reports 'credible' first-half performance despite loss
Beales has recorded an operating profit of £145,000 but exceptional costs of £479,000 dragged this figure down to an operating loss of £334,000.
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NewsDunelm like-for-likes up 1.7% after fall in its final quarter
Dunelm has revealed like-for-likes up 1.7% in its full year but sales fell in the final quarter because of the unseasonable weather.
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OpinionComment: Was Lord MacLaurin’s criticism of Sir Terry Leahy fair?
It wasn’t quite a regicide, but former Tesco boss Lord MacLaurin’s criticisms of his successor Sir Terry Leahy prompted sharp intakes of breath - and some applause - at the grocer’s AGM last week.
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OpinionNick Bubb’s Verdict: Ocado and Waitrose - A doomed marriage?
The increasingly unhappy marriage of Ocado and Waitrose seems set to end in the divorce courts, but can the two sides patch up their differences?
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NewsThorntons full-year profit to beat expectations after sales growth
Chocolatier Thorntons said it expects full-year, pre-tax profits to be ahead of expectations following sales growth and “careful cost management”.
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NewsN Brown like-for-likes up 8% as womenswear recovers in warmer weather
N Brown said it has built on the strong trade recorded in its full year with like-for-likes climbing 7.8% in the 17 weeks to June 29.
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NewsOcado slips into the red in the first half as it posts £3.8m loss
Online grocer Ocado made a pre-tax loss of £3.8m in its first half, compared with a £200,000 profit in the same period last year.
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AnalysisAnalysis: Breathing new life into a retailer after administration
The future of three high street names, Internaçionale, ModelZone and Dwell, were left hanging in the balance this week after they collapsed into administration.
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NewsFormer Tesco boss Lord MacLaurin 'saddened' by Leahy's Tesco legacy
Former Tesco chairman and chief executive Lord MacLaurin has urged Tesco’s board to back chief executive Philip Clarke after saying he was “saddened” by Sir Terry Leahy’s legacy.
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AnalysisDebenhams' third quarter: What the analysts say
Debenhams today reported a “robust” third quarter as like-for-likes remained flat. Retail Week summarises the City’s reaction
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OpinionNick Bubb’s Verdict: Carphone Warehouse - smartphones, smart management
Carphone Warehouse’s structure over the years has shifted constantly, but founder Charles Dunstone remains a very smart businessman.
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OpinionComment: Time to move on tax and rates debate
It’s six months since I took the helm at the British Retail Consortium, and there have been plenty of highlights along the way.
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AnalysisAnalysis: Rent-day retail administrations prove only the strong will survive
Rent-day casualties and tough trading conditions show retailers must be at top of their game to thrive.