All City & finance articles – Page 421
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NewsHalfords to cut costs with stores shake-up
Halfords is aiming to make cost savings on its property portfolio as 150 leases come up for renewal.
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OpinionHalfords on the right road
On the face of it, Halfords’ numbers did not look too pretty last week. The car parts and bikes retailer reported a pre-tax profit fall of 20% in its first half.
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NewsGlimpses of positivity despite shares slide
Stores shares were down slightly compared with the previous week, when they had advanced following the dramatic events and reams of interim results from major retailers.
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AnalysisWhat next for Comet?
After last week’s £2 sale of Comet, debate is raging over whether its new owners can turn the ailing electricals retailer around. By Rebecca Thomson.
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NewsGame downgrades sales forecasts in “extraordinary economic times”
Game has revealed a like-for-like sales fall of 8.6% in the 41 weeks to November 12 as the retailer suffers in “extraordinary economic times”.
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NewsAsda like-for-likes up 1.3% in Q3
Asda like-for-likes excluding fuel and VAT increased 1.3% in its third quarter to September 30.
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NewsBurberry half year profits surge 26%
Burberry adjusted pre-tax profit jumped 26% to £161.6m in the six months to September 30, in half year results published today.
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NewsBrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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NewsBolland and King highlight changing shopper behaviour
M&S and Sainsbury’s aim to ensure consumer demand for quality and value is effectively met.
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OpinionM&S strategy looks sound
So far so good for Marc Bolland. While the Marks & Spencer chief executive revealed a fall in first-half profits this week, the overall performance was in line with analysts’ expectations and most onlookers breathed a sigh of relief.
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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AnalysisChristmas expectations: What do retailers need to know?
An ill wind is blowing in the run-up to Christmas as signs point to a dip in spending over the festive period. Is there any hope of good cheer on the horizon?
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NewsMorrisons targets bulk buy payday offers
Morrisons is targeting payday wage packets with bulk buy offers.
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NewsWHSmith like-for-likes fall 6%
WHSmith has revealed a like-for-like sales slump of 6% in 10 weeks to September 1.
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NewsMorrisons remains cautious as like-for-likes rise 2.4%
Grocer Morrisons has revealed a like-for-like increase excluding fuel of 2.4% in the 13 weeks to October 30, despite conditions remaining “challenging”.
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InterviewQ&A: SuperGroup boss Julian Dunkerton and chief financial officer Chas Howes
Retail Week speaks to SuperGroup’s chief executive Julian Dunkerton and chief financial officer Chas Howes following its second quarter update.
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NewsSuperGroup warehouse glitch slows sales growth
SuperGroup sales growth slowed in its three months to October 30 as its warehouse glitch takes its toll on sales.
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NewsSainsbury's profits up 6.6% in first half
Sainsbury’s has reported “strong” sales with underlying pretax profit up 6.6% to £354m, excluding gains on property sales.
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NewsComet sold to OpCapita for £2
Turnaround private investment firm OpCapita has bought electricals retailer Comet from owner Kesa for £2.
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NewsThorntons FD to exit next year
Thorntons finance director Mark Robson has left the chocolatier after two years with the business.