All City & finance articles – Page 470
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NewsRetail shares rebound after last week’s blow
Food and general retail stocks alike bounced back after last week’s plunge, both outperforming the All Share index.
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NewsMore Asda acquisitions likely, say analysts
Asda’s acquisition of Netto increases the likelihood that the Walmart-owned grocer will stage a takeover of a non-food retailer, analysts believe.
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NewsM&S could grasp £300m food opportunity
Marks & Spencer’s improved strength in general merchandise enables new chief executive Marc Bolland to focus on a £300m opportunity in food, according to UBS.
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NewsOFT clears Sports Direct stake in Blacks
The Office of Fair Trading (OFT) has ruled that Sports Direct’s shares in Blacks Leisure did not create any competition issues.
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NewsTesco staff to receive record shares payout
Staff at Tesco will be rewarded today with their share of a £105m bonus pot in the grocery giant’s biggest ever shares scheme.
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NewsTopps Tiles profit falls in first half
Topps Tiles adjusted profit before tax and discontinued operations fell from £8.7m to £7.8m in the 27 weeks to April 3 as consumer confidence remains subdued.
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NewsMoss Bros like-for-likes climb 12.6%
Suit specialist Moss Bros like-for-likes climbed 12.6% in the 16 weeks to May 22, while total sales rose 12%.
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AnalysisThe price is right?
Despite topline inflation being high, an expected period of low shop price inflation could be painful for food retailers
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NewsKingfisher and Topps Tiles updates won’t lift home sector gloom
Updates from Kingfisher and Topps Tiles next week are expected to paint a subdued picture of the home sector’s performance.
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NewsLess healthy foods face ‘fat VAT’ threat, Justin King warns
Sainsbury’s boss envisages tax change as Government tries to balance the books
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NewsDiscounters fear rise in VAT
Discount retailers have warned that a rise in VAT would smash their margins and result in some products being pulled off the shelves.
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NewsThorntons ‘in limbo’ as Davies makes exit
Thorntons faces a period “in limbo” after chief executive Mike Davies stepped down on Tuesday.
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NewsRetail prices tumble in climate of unease
General retailers took a bashing as turmoil embroiled the markets generally. Fears about the eurozone crisis and political tension in the Far East undermined the FTSE - every blue-chip stock fell on Tuesday.
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OpinionRetail surgery: How is the change of government going to impact trading?
How is the change of government going to impact trading?
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NewsBlacks suppliers help fend off Sports Direct
Blacks Leisure suppliers have been building stakes in the outdoor retailer in what has been seen as a defensive move to block any further bid approaches from Sports Direct founder Mike Ashley.
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NewsAurum wants Mappin to be ‘next Tiffany’
Jewellery group Aurum aims to lift sales above £350m this financial year with a plan to turn Mappin & Webb into “the next Tiffany”.
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NewsAnalysts cool on French Connection
The City reacted coolly to French Connection’s interim management statement last week, which showed that the retailer improved margins but that like-for-like sales fell.
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OpinionAdapt to survive in the new austerity
Over the past 10 to 15 years, the retail industry has enjoyed near-relentless growth, producing a market in which virtually all could continue to thrive, riding in a slipstream of rising demand.
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NewsFlying Brands blossoms with florist acquisition
Home shopping group Flying Brands has beefed up its gifts division with the acquisition of online florist Flowers Direct.