All City & finance articles – Page 390
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News
United Carpets' share suspension lifted after administration
United Carpets Group has relisted its shares after a controversial pre-pack administration in which the company acquired its assets back from the administrators.
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News
Primark rules out retail park expansion despite debut success
Primark finance boss John Bason has ruled out widespread expansion in retail parks despite the success of its Milton Keynes debut.
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News
Convenience retailer Nisa secures £100m of funding from Barclays
Convenience store retailer Nisa has secured £100m of refinancing from Barclays as the grocer’s sales continue to surge.
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Analysis
Thorntons boss Jonathan Hart on its turnaround, marketing and international
Thorntons chief executive Jonathan Hart updates Retail Week on the chocolatier’s turnaround progress after this morning reporting a 2.9% increase in first half sales.
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News
Thorntons first half profits increase as turnaround gains pace
Chocolatier Thorntons first half pre-tax profits before exceptionals jumped £2.2m to £5.3m as sales edged up 2.9% to £133.7m.
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News
Primark reports "outstanding" first half as like-for-likes soar 7%
Value fashion retailer Primark’s like-for-likes are expected to soar 7% in its first half to March 2 thanks to weak comparatives and “good trading” over Christmas.
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Opinion
Comment: Morrisons will bring more than just convenience to its stores
Morrisons has never been shy about making bold, strategic moves. When it acquired Kiddicare, it seemed like a slightly curious acquisition.
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Analysis
Kingfisher fourth quarter: What the analysts say
Kingfisher group like-for-likes dipped 3.4% in its fourth quarter, with UK and Ireland like-for-likes dropping 5.8% and France down 2.4%. Retail Week takes a look at the analyst reaction
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News
Kingfisher UK and Ireland fourth quarter like-for-likes fall 5.8%
Kingfisher UK and Ireland like-for-likes dropped 5.8% over its fourth quarter as it was hit by poor weather and weak consumer confidence.
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News
Sports Direct certain of hitting £270m EBITDA target as sales soar
Sports Direct is certain of hitting its full year £270m EBITDA target as group sales soared 21.1% to £589.5m in its last quarter.
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News
Wickes like-for-likes fall 7.6% in 2013 despite profit surge last year
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a like-for-like slump in the first seven weeks of 2013 despite a surge in profits last year.
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Opinion
Comment: New Look can see the value of exploring new horizons
With most UK retailers talking about multichannel at every opportunity, you can bet that terms like ‘e-tail’ and ‘click-and-collect’ will continue to be popular buzzwords in 2013.
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Opinion
Comment: European retailers are having to pay the price online
While overall EU retail sales fell again this week according to Eurostat, cross-border EU online revenues remain strong - now attracting interest from tax authorities across Europe.
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News
UK property tax is among highest levels across the world
UK retailers pay a disproportionately high level of tax on property, including onerous business rates, compared with their global counterparts says research commissioned by BRC.
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Opinion
Comment: Homewares retailer Dunelm reports a successful first half
Homewares specialist Dunelm has shown itself to be a dab hand at convincing consumers to spruce up their houses, despite tough times, by unveiling a first-half profit growth.
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News
Albemarle & Bond pre-tax profits plummet 33% in first half
Pawnbroker Albemarle & Bond’s pre-tax profits dropped 33% to £8.1m in its first half to December 31. However, retail sales jumped 16.7% to £10.5m, with profits up 32%.
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Analysis
Homewares retailer Dunelm’s first half results: What the analysts say
Dunelm today reported a 14.6% increase in pre-tax profits to £59.8m while like-for-likes rose 2.2% in its interim results. The City reacted positively to the figures.
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News
Homewares retailer Dunelm pre-tax profits soar 14.6% in first half
Homewares specialist Dunelm pre-tax profit soared 14.6% to £59.8m in its half year to December 29 as its store expansion continued with 10 superstores opened over the period.
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Opinion
Comment: Should Waterstones take a leaf out of Amazon’s book?
After Waterstones revealed a £37.3m loss this week, the question on everyone’s most people’s lips is what can a company selling products so hugely impacted by the digital market do to ensure that they, not only survive, but thrive, in this new online world?
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News
Burberry finance director Stacey Cartwright quits after nine years
Burberry finance director Stacey Cartwright is to leave the luxury fashion retailer after nine years and takes a £4m share pay out with her.