All City & finance articles – Page 439
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NewsAnalyst warns HMV faces profit wipeout
Embattled entertainment retailer HMV may not make a profit in its next financial year, according to Arden Partners analyst Nick Bubb.
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NewsRetail stocks robust after bleak BRC news
The worst monthly retail sales drop in 16 years was the industry’s big talking point but store stocks were up in the week concluded by the dire BRC trading data.
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NewsSignet shares up after strong results
Investec has increased its target share price for jeweller Signet after it delivered preliminary results at the upper end of expectations.
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NewsScS defies big-ticket gloom with return to profit after sales climb
Sofas retailer ScS has bounced back into the black after focusing on widening its appeal, improving customer service and tight control of costs.
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News
LoveHoney.com acquires BeCheeky.com
Sex toy and lingerie etailer LoveHoney.com is gunning for a more mainstream audience after acquiring liquidated underwear etailer BeCheeky.com.
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NewsNext boss Wolfson takes home £1m bonus
Next boss Lord Wolfson has received a £1m bonus for last year’s performance.
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NewsDixons to close PC City business in Spain
Electricals giant Dixons is to shut its Spanish business.
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NewsWH Smith half year profits rise 3%
Bookseller and stationer WH Smith group pretax profit rose 3% to £64m in the six months to February 28.
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NewsJD Sports "extremely cautious" on outlook despite profits surge
JD Sports Fashion pretax profits surged 28% to £78.6m in the 52 weeks to January 29 yet the retailer remains “extremely cautious” on the outlook.
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NewsManagement buys 144-store newsagent Rippleglen
Confectionery, tobacco and news business Rippleglen has been sold to its management, backed by Lloyds TSB, for an undisclosed sum.
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NewsOcado appoints eBay Europe boss to board
Online grocer Ocado has appointed an eBay boss to its board as a non-executive director.
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NewsGame to appoint former Ladbrokes boss as chairman
Game is set to hire Chris Bell, the former boss of Ladbrokes, as its new chairman.
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NewsRecord companies relax terms to help HMV cashflows
HMV suppliers are set to agree to slash upfront payments for CDs to help boost the troubled retailer’s cashflows as the possibility of pulling off a rights issue fades.
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Promotions hit Sunglass Hut’s profit margins
Sunglass Hut profits slumped in 2010 as its focus on promotions hit margins. Despite sales nudging ahead from £35.6m to £35.9m, operating profit dropped 16% to £2.6m.
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OpinionCould JJB CVA start a trend?
JJB Sports was handed a lifeline when its landlords voted in favour of its second CVA.
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Bad news hammers store stocks yet again
General retail stocks had a poor week as a raft of bad news from non-food retailers brought home just how tough trading is.
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NewsOddbins in administration following a thwarted CVA
Oddbins’ administrator Deloitte is in discussions with a handful of trade and private equity buyers to rescue the 89-store chain.
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NewsJJB Sports to improve 'retail basics' with £65m fundraising
Sports retailer JJB Sports has said its intended £65m fundraising will help provide management with greater operational flexibility and the money to fund to its turnaround plan.
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NewsHMV gives Mamut 15 days to secure Waterstone's deal
Russian Oligarch and HMV shareholder Alexander Mamut has been given just 15 days to agree a deal to buy HMV’s bookselling business, Waterstone’s.
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NewsHMV issues another profit warning
Beleaguered entertainment and book retailer HMV has issued its third profit warning this year, but its lenders have extended the period over which its banking covenants will be tested by two months.