All City & finance articles – Page 444
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NewsJJB may abandon ‘Serious about Sport’ tag
JJB Sports may drop its ‘Serious about Sport’ tagline as part of revival plans because of concerns that it is perceived as intimidating.
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OpinionBest Buy beats a retreat
Many of the world’s biggest retail names have been humbled when, bolstered by strength in domestic markets, they are emboldened to venture overseas.
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NewsWickes gains market share despite flat like-for-likes
DIY chain Wickes like-for-likes remained flat in 2010, rising 0.2%, but current trading has improved.
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NewsJohn Lewis chief warns against interest rate rises
John Lewis managing director Andy Street has warned that a rise in interest rates would negatively impact consumer confidence.
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NewsPhones 4u sale process resurrected
Mobile phones retailer Phones 4u could be sold within weeks to private equity firm BC Partners after talks have been resurrected to buy the retailer, according to reports.
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NewsShareholders back troubled JJB Sports' £31.5m fundraising
Shareholders in troubled retailer JJB Sports have backed a £31.5m fundraising, taking the store group one step forward towards survival.
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NewsWHSmith chief Kate Swann sells 27% of her shares
WHSmith chief executive Kate Swann has sold a substantial proportion of her shares in the bookseller and stationer.
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NewsOcado slips as John Lewis sells stake
Online grocer Ocado’s share slipped after John Lewis’s pension trust sold its remaining 10% stake in the etailer for £152m.
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NewsJJB troubles highlight sector-wide problems
General stores once again lagged the All-Share index as the sector’s problems were put centre stage by JJB’s plans for a second CVA.
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NewsCVA talks with landlords ‘constructive’, says JJB
JJB Sports chief executive Keith Jones said he has been encouraged by landlords’ responses so far as crunch talks about the retailer’s potential CVA continue.
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NewsClarke needs to convince UK still offers growth for Tesco
New Tesco chief executive Phil Clarke needs to do more to reassure the market about its performance and growth prospects in the UK, while also convince it of the virtues of its international operations, broker Barclays Capital said this week.
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NewsBlockbuster UK boss says business isn’t under threat
Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.
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NewsFindel to restructure in bid to lift performance
Home shopping group Findel aims to raise £80.5m via a rights issue and share placing as it plans to restructure its balance sheet and bids to improve performance.
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NewsBlacks forecasts slashed as Gillis announces departure
Broker FinnCap has cut its forecasts for outdoor specialist Blacks Leisure, which last week revealed chief executive Neil Gillis is leaving.
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NewsShare price soars at French Connection after stakebuilding
Fashion group French Connection’s shares rose sharply this week following stakebuilding by Standard Life.
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OpinionMorrisons leaps into etail age
Supermarket group Morrisons’ acquisition of online specialist Kiddicare looks like an inspired deal.
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NewsSainsbury's chief executive King sells tranche of shares
Sainsbury’s chief executive Justin King yesterday sold 50,000 of his shares in the grocer, the latest disposal by a director in the past month.
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NewsGame to invest £15m in its three year multi-channel strategy
Game is to invest £15m in its three year multi-channel strategy and has secured refinancing from its banks for the period until 2014.
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NewsNew Look's valuation halved by private equity owner
The valuation of fast fashion group New Look has been halved by private equity backers.
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OpinionThe deals going down in retail
Looking back, 2010 turned out to be a pretty active year for retail M&A, with 14 UK deals worth more than £50m, of which seven were over £250m.