All City & finance articles – Page 462
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NewsRetailers plan Sales to capitalise on VAT rise
Retailers are aiming to capitalise on the VAT rise by planning targeted Sales and promotions in the run-up to the new year, according to a new report.
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NewsNext update and BRC data hits retail stocks
Retail stocks were left on the shelf following downbeat reports last week from Carpetright and Next and gloomy BRC July retail sales data this week.
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NewsResults fail to boost confidence in Kesa
Electricals group Kesa has much to prove as it pushes on with an improvement programme Investec said, rating its shares a hold.
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NewsFlying Brands turnaround continues apace
Home shopping group Flying Brands is confident that renewed focus on its core gardening and gifts offer and a push for more online sales will strengthen the business as it continues with its turnaround.
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News
Rise in wheat price will be ‘manageable’, says analyst
Fears that the spike in global wheat prices could indicate an alarming upward trend in costs for food retailers have been downplayed.
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NewsFindel sells loss making arm
Home shopping group Findel has sold its loss- making arm CWIO to The Hut Group to help reduce its debt.
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NewsJJB Sports shareholder ups its stake
JJB Sports has received a boost after US investment firm Harris Associates upped its stake in the beleaguered retailer to become its largest shareholder.
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NewsUnited Carpets full year profits rocket while current trading weakens
Floorings retailer United Carpets pretax profits soared 84.5% to £1.1m in the year to March 31, although current trading has weakened.
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NewsBeales buys Westgate department store in Rochdale
Indie department store chain Beales has bought the Westgate department store in Rochdale for £300,000.
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NewsJones Bootmaker up for sale with £50m price tag
A ‘for sale’ sign has been hoisted over footwear retailer Jones Bootmaker.
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OpinionMorrisons sets the pace
Morrisons has traditionally been the most shy of the big four grocers towards City analysts, investors and the media. Some believe that has led, in part, to its de-rating.
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NewsWolfson and Harris: tough times in store
Bellwether retailers Carpetright and Next spooked the City on Tuesday with cautious updates presaging punishing times for the stores sector.
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NewsGrocery shares climb defies watchdog news
Food and general retailers alike edged up ahead of the market as the dog days of August got under way. Each continues to lag the All Share index over the year, however.
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NewsSmartphone shift is Carphone’s ticket
Broker Oriel initiated coverage of Carphone Warehouse with a buy note on the back of consumer adoption of smartphones and the potential of its constituent operations.
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NewsOcado has ‘everything to prove’, broker says
Ocado has a “racy valuation” but is a “sophisticated offering with everything to prove”, according to Collins Stewart analyst Greg Lawless.
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NewsWickes predicts tough times ahead for big-ticket market
DIY retailer Wickes anticipates a punishing big-ticket market for years to come as consumer confidence dips and the outlook for mortgage approvals is weak.
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NewsAxed Waterstone’s boss takes home up to £494,000
Former Waterstone’s managing director Gerry Johnson could take home up to £494,000 in the year to April 24, despite being given the chop in January after a poor Christmas sales performance.
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NewsCarpetright remains cautious as Q1 sales drop
Flooring giant Carpetright has revealed a 2.5% decline in group sales in the 13 weeks to July 31.