All City & finance articles – Page 436
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NewsSuperGroup co-founder Theo Karpathios exits
SuperGroup’s co-founder Theo Karpathios has resigned from the fashion business.
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NewsJJB Sports eyed by Jon Moulton's Better Capital
Private equity tycoon Jon Moulton is understood to have offered to buy struggling sportswear retailer JJB Sports.
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NewsDixons increases its stake in Pixmania
Dixons has acquired a 22% stake in ecommerce business Pixmania, taking its share holding in the company to 99%.
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AnalysisHMV: What the analysts say
As HMV outlines its strategy to hit £10m this year profit against a £16.2m pre-tax loss in its year to April 28, Retail Week rounds up analyst viewpoints on the retailer’s future.
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NewsFrench Connection warns first-half profits to drop by £7m
French Connection warned first-half operating profits would be £7m lower than last year as it resorted to additional discounting
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NewsHMV reports full-year £16.2m pre-tax loss
HMV made a £16.2m pre-tax loss in its year to April 28 but is confident it will achieve at least £10m profit in its current year.
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OpinionComment: July BRC figures show signs of life
The July sales figures reported by the BRC hardly represented a ‘wish you were here’ postcard from the industry, but behind the monthly figures there were reasons for optimism.
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NewsJJB Sports investors plot turnaround plan
JJB Sports’ biggest investor Invesco is considering forcing through a restructure of the troubled sportswear retailer to speed up its turnaround plan.
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.
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AnalysisSimon Fox: 'My legacy will be that we've survived'
HMV chief execuitve Simon Fox has said he is “proud” of his achievements at the retailer as he prepares to step down after six years at the helm.
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NewsHMV boss Simon Fox exits as Jessops' Trevor Moore takes the post
HMV chief executive Simon Fox has stood down from the retailer and will be replaced by former Jessops boss Trevor Moore.
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OpinionComment: Reducing store portfolio may challenge retailers
Many retailers have recognised the power of ecommerce to drive sales and offer a compelling and convenient way for their customers to shop.
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AnalysisNext: What the analysts say
Retail Week rounds up how analysts have reacted to Next’s strong growth in the first half of the year, with the fashion retailer reporting total sales up 4.5% for the six months to July 28.
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NewsFlying Brands closes plant growing business as it "considers strategic options"
Flying Brands closed its growing and live despatch business yesterday following the sales of its Gardening Direct retail arm last month.
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NewsNext raises profit target after strong online growth
Next has raised its profits forecast for its second half after strong growth in its Directory business in the first half.
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NewsHarrods owners pay themselves £100m dividend
Harrods’ Qatari owners paid themselves a £100.5m dividend after the retailer posted record profits in its last financial year.
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NewsCo-operative Group secures £950m in refinancing deal
The Co-operative Group, which includes the food retailer The Co-operative Food, has agreed a £950m refinancing deal with a group of banks led by Barclays.
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NewsJJB appoints former La Senza director as interim chief executive
Embattled sports retailer JJB Sports is understood to have appointed former La Senza commercial director Beverley Williams as interim chief executive following the sudden departure of Keith Jones on Friday.
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NewsCarphone Warehouse posts like-for-like sales fall
Carphone Warehouse posted a better-than-expected like-for-like sales fall of 2% in Europe in the first quarter to June 30.
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NewsUPDATED: JJB Sports boss Keith Jones stands down
Struggling retailer JJB Sports’ chief executive Keith Jones has stepped down from his role after a string of profit warnings and a call for emergency fundraising last week.