All City & finance articles – Page 385
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Analysis
The Morrisons-Ocado deal: What it means for both retailers
Morrisons has inked a deal with Ocado that will enable it to launch an online grocery business this year. Retail Week takes a look at the impact of the deal on both businesses and the details of the agreement.
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Analysis
The Morrisons-Ocado deal: What the analysts say
Morrisons has finally signed the long-awaited deal with Ocado, which will enable the Bradford-based supermarket to launch an online offer this year. Retail Week takes a look at the City’s reaction.
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News
Cold weather hits Wickes as like-for-likes slump 6.1%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a 6.1% decline in like-for-like sales for the four months to April 30.
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News
Dixons in 'best shape' as it gains market share from collapsed Comet
Dixons Retail is in the “best position it has been in for many years” following market share gains after the collapse of rival electricals retailer Comet last year.
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Opinion
Comment: Grocer Morrisons needs to keep pace with competition
A minus sign in front of a retailer’s like-for-like sales figures does not prompt investors to fill their shopping trolleys with stock.
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News
French Connection like-for-likes improve in first 15 weeks of year
Trading at French Connection’s difficult UK and Europe retail business has improved as the retailer recorded flat like-for-like sales in the 15-weeks to May 11, 2013.
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Opinion
Comment: Management changes at Jack Wills hint at global aspirations
Jack Wills has just announced some more high-level changes to its management team as the company prepares for its next phase of expansion.
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Analysis
Analysis: Is Lord Wolfson’s bonus gift to Next staff a new trend?
Next chief executive Lord Wolfson made headlines with his unprecedented decision to share a £2.4m bonus among staff.
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Opinion
Comment: The Morrisons message has been drowned out by rivals
Morrisons reported yet another declining quarter of like-for-like sales this morning, its fifth back-to-back decline excluding fuel and is continuing to lose customers to rivals.
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Opinion
Comment: Argos’ digital quest for success
Despite improvement at the flagship Argos business, parent Home Retail’s shares fell after its full-year results.
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Analysis
Morrisons first quarter: What the analysts say
Morrisons today reported a 1.8% fall in first quarter like-for-likes but remained tight-lipped on a potential tie up with Ocado, Retail Week summarises the City’s reaction to the update.
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News
SuperGroup like-for-likes up 5% in fourth quarter as it hits expansion trail
SuperGroup sales soared 15.3% over its fourth quarter and retail like-for-likes advanced 5% as it prepares to start a store opening spree.
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Analysis
Analysis: What does Sainsbury’s banking acquisition mean for the retailer?
Sainsbury’s today reported it is to acquire the 50% of its shareholding in Sainsbury’s Bank it did not own from Lloyds Banking Group for £248m. Retail Week looks at the implications.
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Opinion
Comment: Boss Justin King rules over Sainsbury’s success
In posting a 6.2% rise in underlying pre-tax year-end profits, Sainsbury’s deflected some attention away from the rumours surrounding Justin King’s eventual departure.
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Analysis
Next first quarter: What the analysts say
As Next reported a 2.2% sales in its first quarter despite the unseasonable weather, Retail Week summarises the City’s reaction to the update.
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Analysis
Sainsbury's full year results: What the analysts say
Sainsbury’s has today reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while like-for-likes including VAT and excluding petrol were up 1.8%. Retail Week takes a look at the City reaction.
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News
Morrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
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News
French Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
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News
Next sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
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Interview
Q&A: Shapland on Carpetright's new hire and Lord Harris taking a step back
Carpetright today appointed former Tesco executive Graham Harris as trading director, to take over some of the responsibilities of chairman Lord Harris, who is taking a step back from the business. Retail Week speaks to chief executive Darren Shapland.