All City & finance articles – Page 473
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NewsMohamed Al Fayed: 25 crazy years in retail
Always controversial, always eccentric and not a man to be crossed, UK retail will be a less colourful industry following Mohamed Al Fayed’s £1.5bn sale of Harrods this week.
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NewsMcCarthy group injects £2m into skincare business
A consortium of private investors led by House of Fraser chairman Don McCarthy has injected £2m into beauty clinic chain DestinationSkin to fund expansion.
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NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
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NewsMarks & Spencer outlines pension funding plan
Marks & Spencer has outlined the plan for its £800m pension scheme funding plan.
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NewsFlying Brands sales start to pick up
Jersey-based home shopping group Flying Brands will say at its AGM today that sales in its garden division in the year to May 7 hit £10.3m, down slightly on the £10.5m for the same period last year.
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NewsKesa sales hit by January’s ‘extremely poor weather’
Kesa group like-for-likes dropped 1.2% from January 9 to April 30 as poor weather hit sales, but the retailer said it expects full year adjusted pre-tax profits to be “significantly ahead of last year”.
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NewsLiberty £32m sale moves closer
London department store Liberty has confirmed that it is in talks with private equity firm BlueGem Capital Partners about a possible £32m sale of the business.
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OpinionHMV no longer top of the pops
Like the chart stars whose tunes it sells, entertainment group HMV is susceptible to wild swings of fortune and last week’s update was hardly music to investors’ ears.
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NewsElection outcome could influence retail IPOs
Today’s election result and the implications for consumer and business confidence are likely to influence whether or not a clutch of retail initial public offerings get under way.
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NewsDebenhams showcases Danish expansion move
Debenhams was scheduled to run an analysts’ visit to Copenhagen as Retail Week went to press to demonstrate its integration of Danish department store Magasin du Nord.
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AnalysisThe common denominator
Kingfisher international boss Peter Høgsted is convinced group sourcing of common ranges is the DIY giant’s biggest opportunity to cut costs and boost differentiation.
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NewsMorrisons cleared of price fixing
Morrisons has been cleared of dairy price-fixing allegations by the Office of Fair Trading (OFT).
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NewsRetail stock buoyant despite election fears
Retail shares were among the better performers as economic turmoil in Greece and political uncertainty ahead of the general election here took a toll on the market overall.
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NewsOriginal Factory Shop to rev up fashion following bumper sales
Value retailer Original Factory Shop is to focus on growth in fashion and footwear after revealing a bumper set of sales and profits for the year to March 28.
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NewsBest Buy opening helps neighbour Currys deliver top trading result
Electricals group DSGi’s Currys megastore in Thurrock delivered one of its best trading weekends ever when rival Best Buy opened its first UK shop nearby last week.
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NewsStrife in Greece ‘likely to benefit foreign retailers’
The economic and political turmoil that is convulsing Greece is likely in the long term to benefit international retailers that trade there, according to Planet Retail analyst Milos Ryba.
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NewsFormer Bhs COO Paul Coackley leaves Arcadia
Arcadia Group chief financial officer Paul Coackley has left Sir Philip Green’s fashion chain.
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News
HobbyCraft aims high for new owner
Art and crafts retailer HobbyCraft has said it would aspire to surpass Pets at Home as a success story for its new owner, Bridgepoint, following its sale last week to the private equity investor for nearly £120m.
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NewsBlacks on stronger footing after fundraising
Blacks Leisure is confident that a forecast warm summer and completion of a £20m fundraising will put the business on a strong footing after a turbulent year.
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NewsHMV’s strategy questioned as Q4 like-for-likes plummet
A worse-than-expected update from HMV last week prompted analysts to question the entertainment retailer’s strategy in the face of contracting markets.