All City & finance articles – Page 389
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OpinionComment: SuperGroup lives up to its name with ambitious plans for growth
SuperGroup, owner of the Superdry fashion brand, has just announced plans to support future growth with a new 500,000 square feet distribution centre as part of the company’s next major phase of development.
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NewsVideo: Analysts debate Tesco’s US exit, UK store refresh and space race
Alex Lawson asks Panmure Gordon investment analyst Philip Dorgan and Verdict Research senior retail analyst Andrew Stevens whether Tesco is enacting the right strategy.
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NewsDebenhams blames snow for first-half profits fall
Department store group Debenhams’ pre-tax profits fell 5.4% to £120.3m in its half year as snowfall hampered sales in January.
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OpinionComment: Retail chief executives leave on good terms
Last week Kate Swann unveiled her final set of results as chief executive of WHSmith.
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News
JD Sports Fashion: What the analysts say
JD Sports Fashion’s profits were hit by losses from outdoor retailer Blacks, which it acquired last year, however the City seems positive about its the long term prospects.
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OpinionNick Bubb's Verdict: JD Sports - is Mike Ashley going to finish it off?
Having seen off his other great rival, JJB Sports, Mike Ashley has famously said that he wants to finish off JD Sports as well: so how’s he doing?
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AnalysisTesco results: What the analysts say
The headlines might not look great for Tesco after it revealed a drop in group trading profit of 13%, but analysts are pragmatic about the grocer’s performance.
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NewsBurberry like-for-like sales up 7% driven by strong China performance
Burberry like-for-like sales were up 7% in the six months to March 31, driven by strong performances in China and Hong Kong.
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AnalysisWHSmith’s acquisition of Past Times: What do retailers need to know?
WHSmith’s diversification continues with the acquisition of the Past Times brand. Will it be a good fit and what are the wider plans?
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NewsWHSmith: What the analysts say
WHSmith this morning reported a 5% uplift in pre-tax profit to £69m in the six months to February 28, despite a 5% slump in group like-for-like. Retail Week takes a look at the City reaction
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AnalysisMarks & Spencer's fourth quarter: What the analysts say
Marks & Spencer today reported its strongest quarterly update for two years as a strong food performance balanced out continued weakness in clothing. There was mixed reaction from the City.
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NewsMothercare reports flat like-for-likes in its fourth quarter
Maternity specialist Mothercare UK like-for-likes were flat in its fourth quarter, a year into the retailer’s three-year turnaround plan.
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NewsWHSmith profits up 5% despite sales fall in first half
WHSmith has reported a 5% uplift in group pre-tax profit to £69m in the six months to February 28.
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NewsMarks & Spencer delivers strongest quarterly growth in two years
Marks and Spencer has delivered it strongest quarterly update for two years after a strong performance in food offset continued weakness in clothing.
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NewsDunelm reports Q3 like-for-likes up 5.2% following strong winter Sale
Dunelm has reported like-for-like sales up 5.2% in its third quarter as it benefitted from a later end to its winter Sale and an earlier Easter than the year before.
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NewsOcado bosses to receive pay boost through bonus scheme
Ocado chief executive Tim Steiner is to receive an annual bonus of shares worth up to £1.8m under a new scheme revealed late last week.
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NewsFindel full year results "in line with expectations" as turnaround gains pace
Home shopping group Findel is to report full year results “in line with market expectations” as it turnaround gains pace
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NewsMarks & Spencer to reveal a further clothing slump
Marks & Spencer is expected to reveal a dip in clothing sales for the seventh quarter in a row when it updates the market on Thursday.
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NewsTesco faces £1bn bill to quit loss-making US arm Fresh & Easy
Tesco is facing a bill of around £1bn to exit the US after chief executive Philip Clarke decided to call time on its Fresh & Easy business.
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OpinionComment: Tesco shoppers are likely to choose Giraffe over horse
Tesco’s decision to buy restaurant chain Giraffe clearly underlines its determination to make big supermarkets attractive retail destinations.