All City & finance articles – Page 406
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NewsSports Direct profits up as online sales rocket
Sports Direct achieved a “record” year with pre-tax profits rising by almost 25% driven by a bumper year for online sales.
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NewsKingfisher like-for-likes flat as UK outshines France
DIY giant Kingfisher has reported flat group like-for-likes in its second quarter as the UK and Ireland outshone its French business.
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NewsJJB Sports calls for 'accelerated' funding
Embattled sports retailer JJB Sports said it needs funding more quickly than expected to tackle the tough trading conditions and is in discussions with its “strategic partners” about raising capital to fund its turnaround.
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NewsMothercare UK like-for-likes drop 6.7% in first quarter
Mothercare UK like-for-likes dropped 6.7% in its first quarter, which chairman Alan Parker said was in line with its expectations.
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NewsHalfords boss Wild exits as it warns on profits
Halfords chief executive David Wild has exited the retailer as it warned on profits following a weak first quarter.
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OpinionComment: City cautious of Marks & Spencer appointments
The fall in Marks & Spencer’s share price following last week’s update and AGM shows that the retailer has some way to go to convince the City that it is on track.
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NewsAsos denies director is to exit despite share sale
Asos product director Robert Bready has sold all of his shares in the fashion retailer fuelling rumours he is to exit.
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NewsThe Original Factory Shop EBITDA soars in first quarter
The Original Factory Shop EBITDA jumped 20% in its first quarter.
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NewsDreams' owner lays out restructuring proposal
The owner of Dreams is attempting to take control of the bed specialist from its lenders as part of a planned restructure involving more investment and, potentially, store closures.
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OpinionSuperGroup: Light at the end of the tunnel?
Just as speculation starts about a potential IPO in the retail sector in the form of Poundland, it is ironic that today has seen the last major flotation in the sector, SuperGroup, try to pick up the pieces after a disastrous year when the share price slumped well below after the debut level after a material shortfall in profits.
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NewsSuperGroup profits slip as it ditches Cult fascia
Underlying pre-tax profits at young fashion group SuperGroup, which owns trendy brand Superdry, dropped 14.7% in the year to April 29, to £42.8m.
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OpinionComment: Asos connects with success
The fortunes of online fashion group Asos were in stark contrast to those of Marks & Spencer over the same period.
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AnalysisThorntons: What the analysts say
How the analysts have reacted to encouraging 0.7% like-for-like sales in the fourth quarter at embattled chocolatier Thorntons.
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NewsBurberry posts "robust" first quarter performance
Luxury fashion retailer Burberry revenue surged 11% to £408m as its retail sales drove growth.
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NewsThorntons fourth quarter like-for-likes edge up
Thorntons like-for-like sales nudged up 0.7% in the fourth quarter.
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AnalysisMarks & Spencer: What the analysts say
With a raft of management changes and poor first quarter sales, retail analysts have been frank about where Marks & Spencer’s has gone wrong.
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NewsAsos sales jump 31% in first quarter
Online fashion giant Asos retail sales jumped 31% to £136.9m in its first quarter.
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NewsMarks & Spencer tipped to reveal worst quarter in three years
Marks & Spencer is set to reveal its worst trading performance in three years tomorrow (Tuesday), with non-food sales expected to plummet 7%.
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NewsJJB Sports sales plunge as Euro 2012 fails to lift trade
Sports retailer JJB Sports has experienced a sharp plunge in sales since its last update in April as the European Football Championships did not deliver the trading uplift expected.