All City & finance articles – Page 384
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NewsCard Factory lowers IPO guidance to 225-240 pence per share
Card Factory is understood to have lowered the price guidance on its IPO offering to 225-240 pence per share, with the book due to close today.
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AnalysisAnalysis: BRC-KPMG April Retail Sales Monitor, sector by sector
UK retail sales sprang back in April when they rose 4.2% on a like-for-like basis boosted by Easter, according to the BRC KPMG Retail Sales Monitor.
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OpinionComment: Would a Dixons/Carphone deal be retail’s first m-commerce merger?
The likely tie-up between Carphone warehouse and Dixons might in future come to be seen as retail’s first big m-commerce merger.
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AnalysisInternational analysis: Alibaba's IPO will keep it ahead of its rivals
Chinese e-commerce giant Alibaba filed to go public last week, reflecting the fact that it is facing growing competition in its home market of China.
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NewsMusgrave Group posts 16% fall in pre-tax profits
Musgrave Group has posted a 16% fall in pre-tax profits and warned that challenging trading conditions have led to a €131m asset write-down.
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NewsMidcounties Co-op boss hits back at Myners over 'personal' criticism
The boss of the UK’s biggest independent co-operative has hit back at Lord Myners over his attack on him and other Co-op board members.
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NewsMorrisons boss: 'Investors will hold our feet to the fire over strategy'
Morrisons boss Dalton Philips insisted his plan has the backing of investors but said they would “hold our feet to the fire” over its execution.
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AnalysisMorrisons first quarter: What the analysts say
Morrisons posted a 7.1% slump in like-for like sales in the first quarter, blaming a “continued” competitive market for supermarkets. Retail Week takes a look at the analyst reaction.
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NewsSupergroup like-for-likes down and full-year profits may suffer
Supergroup retail like-for-likes fell 3.1% in its fourth quarter as it revealed it is likely to post full-year profit at the lower end of expectations.
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NewsMorrisons blames competitive market for first quarter sales fall
Morrisons like-for-like sales excluding fuel slumped 7.1% in its first quarter due to the “continued” competitive market.
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NewsPoundland full-year sales near £1bn mark as they grow 13.3%
Poundland has revealed sales of almost £1bn in its full-year update, which jumped 13.3% to £997.8m, as it plans new store openings.
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NewsBreakfast briefing: Retail news on the Co-op, John Lewis and Ocado
Retail news round-up on May 8, 2014: Banks ready £300m to back Co-op Pharmacy sale, John Lewis teams up with LG to make own brand smart TV and Ocado investors vote against remuneration policy
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OpinionNick Bubb's verdict: Look again in a year to see Justin King’s true Sainsbury’s legacy
Given the poor state of the businesses that Dalton Philips and Philip Clarke inherited, can Mike Coupe be more confident about Sainsbury’s?
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OpinionComment: Lord Myners – radical action needed to save the Co-op my mother loved
When I was a child growing up in Truro, Cornwall, my mother told me that I should always try to spend my pocket money in the Co-op in Kenwyn Street.
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Analysis
In numbers: Supermarket Sainsbury's full-year figures in detail
Sainsbury’s revealed its full-year figures today as boss Justin King prepares to leave. Retail Week takes a look at the numbers.
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NewsCo-op board failures have left it unprepared for grocery price war, Lord Myners warns
The Co-operative Group’s outmoded governance structure has left it utterly unprepared for a grocery price war, reform champion Lord Myners has warned.
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NewsSainsbury's full-year profits up 5.3% as boss Justin King prepares to bow out
Sainsbury’s has reported underlying pre-tax profit up 5.3% to £798m in the year to March 15 as chief executive Justin King prepares to leave.
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NewsShop prices deflated for the twelfth consecutive month in April
Shop prices fell again in April, driven by non-food, according to the British Retail Consortium (BRC) – Nielsen Shop Price Index.
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NewsBargain Booze owner Conviviality acquires rival's stores for £1.7m
Bargain Booze owner Conviviality has acquired 26 stores from Bibby Retail Services’Rhythm and Booze chain for £1.7m.
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NewsHedge funds gamble on drop in Sainsbury's share price
A number of hedge funds are gambling on Sainsbury’s share price falling because they believe its value could be hit by the supermarket price war.