All City & finance articles – Page 398
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NewsWHSmith chief executive Kate Swann to step down
WHSmith’s long standing chief executive Kate Swann is to step down from the retailer after nine years at the helm.
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OpinionComment: Ted Baker’s unique appeal
The retail industry has frequently been home to maverick business people who have created unique and highly successful companies.
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OpinionComment: Tesco UK recovery likely to accelerate
Tesco boss Philip Clarke will not have thanked the way the financial stars aligned this week to bring Tesco and Sainsbury’s results on the same day, albeit for different reporting periods.
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NewsProfits climb at Abel & Cole as sale speculation mounts
Home delivery grocer Abel & Cole’s profits rocketed in the year to August 12 and a sale is thought likely.
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NewsUnited Carpets bought in pre-pack administration deal
A parcel of 73 United Carpets stores have been bought out of pre-pack administration.
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NewsTed Baker posts first-half profits rise
Ted Baker has delivered a 10.4% profit before tax increase to £9.4m for the 28 weeks to August 11 as it opened stores in London, New York and Tokyo.
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NewsHalfords like-for-likes up 5.6% in second quarter
Car part and bike specialist Halfords has posted like-for-likes up 5.6% in its second quarter, reversing the decline it reported in the first quarter.
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OpinionComment: Competition in sports retail
Mike Ashley’s Sports Direct was the market leader in its category last week and remains so this week following the drawn-out demise of JJB Sports.
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OpinionComment: Does Hong Kong still appeal to retailers?
For European retail, consumer and luxury goods companies looking to launch IPOs, the Hong Kong Stock Exchange (HKEx) once had tremendous appeal.
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AnalysisAnalysis: Exploring the challenges of retail acquisitions
Over the past year a number of acquisitions have been made by retailers. Liz Morrell explores the challenges of the deals and subsequent integration.
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NewsMatt Davies to become Halfords chief executive
Former Pets at Home boss Matt Davies is to become chief executive of Halfords, Retail Week can reveal.
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OpinionComment: Clarke may face a tough road ahead
The fact that Tesco has announced a drop in profits this morning hasn’t come as a surprise to many – and yet that doesn’t make the news any more comforting to investors.
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AnalysisSainsbury's: What the analysts say
Sainsbury’s posted like-for-like sales grew 0.9% and total sales advanced 3.3% for the first half of the year but analysts welcome the figures but believe the grocer still has some work to do.
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NewsPromotions drive sales rise at Findel
Home shopping group Findel has revealed robust trading figures for its retail businesses in the first half of the year following a troubled period for the group.
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AnalysisAnalysis: Is Tesco’s turnaround plan working?
Tesco revealed an improved performance in its UK like-for-likes this morning. Retail Week takes a look at how chief executive Philip Clarke’s £1bn strategy to revive the domestic business is faring.
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NewsSainsbury's like-for-likes grow after 'unique' summer
Sainsbury’s reported an increase in sales and like-for-like growth in the second quarter aided by its Paralympic sponsorship.
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NewsDunelm like-for-likes up 3%
Value homewares retailer Dunelm’s like-for-likes rose 3% in the first quarter as it grew share.
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NewsTesco profits fall 11.6% despite Q2 sales growth
Tesco has reported its first decline in profits since 1994 after investing £1bn in its UK turnaround plan.
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AnalysisAnalysis: Who is Optical Express?
Optical Express is calling in the administrators for one of its nine subsidiary groups, with 40 stores set to close. But who is the optician chain?
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OpinionNick Bubb's verdict: Sports Direct - Ashley 5, the OFT 0?
Mike Ashley has been running rings around Sports Direct’s rivals in sports retailing.