All City & finance articles – Page 447
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NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.
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NewsWeather forces Alexon profit warning
Womenswear group Alexon issued a profit warning before Christmas after its three peak weeks were wiped out by icy weather.
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NewsBlacks sale decision likely after strong Christmas
A decision on the potential sale of Blacks Leisure is likely to be made within weeks after the outdoor specialist beat the big freeze to post a strong seasonal performance.
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NewsBrokers tip share price stars as 2011 set to be a tough one
Kingfisher, Marks & Spencer, Dixons Retail and Dunelm are among brokers’ retail stock picks for 2011.
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AnalysisConsumer confidence in 2011
Public sector job cuts, the VAT rise and possible interest rate hikes mean consumer confidence will remain jittery this year, but Easter could be retail’s reprieve
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NewsLosses fall at Jysk as turnover soars 20%
Danish furniture retailer Jysk has increased sales in a difficult market while shaving a third off its losses.
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NewsTesco acquires 128 Czech Republic stores for £35m
Tesco has strengthened its central European operations with the acquisition of 128 convenience stores in the Czech Republic for CZK1.02bn koruna (£35.1m).
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AnalysisRetail resolutions for 2011
All the signs are that 2011 will be a tough year for retail, so how can businesses prepare? Charlotte Hardie and Rebecca Thomson report
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NewsBestseller increases its stake in Asos
Danish fashion group and investor Bestseller has increased its stake in fashion etailer Asos.
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NewsHMV to shut 60 stores as it issues profit warning
HMV has outlined plans to shut 60 of its HMV and Waterstone’s stores in the next 12 months as sales have continued to fall over the Christmas trading period and the retailer warned on profits.
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NewsJJB to ask shareholders for further £50m
Troubled sports chain JJB Sports is expected to ask investors for a further £50m following the £31.5m promised before Christmas, according to reports over the weekend.
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NewsITV man to be HMV FD
HMV Group has appointed David Wolffe, the finance director of ITV Studios, as its new finance director
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NewsBill Gates rides to JJB Sports' rescue as Clare stands down
JJB Sports has this morning disclosed details of a £31.5m cash call, boardroom changes and a further sales slump.
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NewsJJB Sports to launch £30m fundraising
Sports specialist JJB Sports is to stage a £30m fundraising and make boardroom changes, it is understood.
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NewsTesco buys 128 stores in Czech Republic for £34.3m
Tesco has acquired 128 convenience stores in the Czech Republic for 1.02bn koruna (£34.3m), bolstering its operations in central Europe.
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NewsDFS reports first quarter earnings flat at £15.2m
DFS, the specialist sofas retailer owned by private equity firm Advent, has posted flat earnings in its first quarter.
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NewsSale of Phones4U falls through
Private equity group Providence has pulled the sale of mobiles specialist Phones4U after turbulent debt markets undermined a deal.
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NewsSnow fears unjustified, broker Arden argues
Concerns about the impact of snow on retailers’ Christmas performance look overdone, Arden analyst Nick Bubb believes.
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NewsKidswear etailer AlexandAlexa to expand overseas after £1.5m investment
Venture capital firm MMC Ventures has invested £1.5m in luxury childrenswear etailer AlexandAlexa which will be used to drive international expansion.
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NewsDixons, Home Retail and HMV among most at risk from snow disruption
Electricals group Dixons, Argos-owner Home Retail Group and entertainment specialist HMV are among the retailers most likely to be affected by snow and icy conditions broker Numis believes.