All City & finance articles – Page 474
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News£10m cash injection lifts ailing Freemans
Freemans Grattan Holdings, the UK arm of German home shopping giant Otto, has been given a £10m cash injection from its parent company to stem losses at the UK business.
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NewsSales momentum slows at Morrisons
Supermarket group Morrisons has reported a slowdown in sales during its first quarter, but said it was still winning customers.
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NewsIan Dyson leaves Marks & Spencer
Marks & Spencer has announced the departure of finance director Ian Dyson, just a day after Marc Bolland joined as chief executive.
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NewsNext remains ‘cautious’ as sales grow 4.1%
Total sales at Next grew 4.1% excluding VAT in the 13 weeks to May 1 but it said it remained “cautious” for the year ahead.
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NewsApple iPad sells faster than iPhone
Apple has sold one million iPads since its launch on April 3, selling faster than the iPhone.
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OpinionPressure on Morrisons grows
Morrisons’ new chief executive Dalton Philips will have been in the hot seat for only about six weeks when the grocer delivers its first-quarter update next week.
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NewsMountain Warehouse to hike up expansion
Outdoor specialist Mountain Warehouse is gearing up for further expansion after reporting post-tax profits of £3.9m in the year to February 28, up 72% on last year.
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NewsDunelm slowdown ‘in line with expectation’
Value homewares retailer Dunelm’s slowdown in like-for-like growth met analysts’ expectations as it came up against tough comparables and suffered from a weaker sales period after Easter.
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NewsSFO cloud hangs over Sports Direct
The City has continued to cautiously back Sports Direct after a positive pre-close update, despite a pending Serious Fraud Office (SFO) investigation into the business.
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NewsSummer Sales brought forward due to Ramadan
Upmarket department stores are set to move their summer Sales forward in a bid to move to full-price autumn merchandise ahead of the lucrative pre-Ramadan shopping period.
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NewsCarphone Warehouse riding high on back of demerger
The launch of US electricals giant Best Buy in the UK grabbed the headlines this week, but it was also parent company Carphone Warehouse’s first trading update since its demerger last month.
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NewsAvatar set to bust DVD sales records and become biggest Blu-ray release
The DVD and Blu-ray release of blockbuster film Avatar has set the tills ringing in stores and online and is predicted to become one of the biggest releases of all time.
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NewsWHSmith shines despite ash cloud dampening sentiment
WHSmith’s group pre-tax profit edged up 2% to £62m in its first half but despite beating analyst expectations, upgrades were dampened by the retailer’s airport stores being closed during the volcanic ash crisis.
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NewsAsda guns for share with price guarantee
Asda this week fired the latest salvo in the supermarket price war with the launch of a price guarantee as it tries to stem its market share decline.
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NewsAlexon turnaround on track despite pre-tax loss
Womenswear retailer Alexon said it is on track with its turnaround plans, despite posting a £900,000 pre-tax loss for the year to January 30, against a profit of £10.8m the previous year.
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NewsLord Kirkham upbeat after ‘bittersweet’ DFS exit
DFS founder Lord Kirkham has described the sale of his sofa chain to private equity firm Advent as “bittersweet” but vowed that the business would do “more of the same but at a much faster rate”.
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NewsSupplier to relaunch Adams
Kidswear retailer Adams is poised to be relaunched on the high street after the brand name was bought out of administration by one of its suppliers.
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AnalysisCan 2010 optimism spur languishing M&A activity?
Just how much impact did the global economic crisis have on merger and acquisition activity in the retail sector last year?
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NewsScotmid breaks £10m barrier in full-year results
Scotmid, the largest independent Scottish co-operative, has reported operating profit up 18% to £10.2m in its full-year results, marking the first time it has broken through the £10m barrier.
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OpinionDecade essays: 10 years of progress
The first decade of the 21st century was one of enormous change for UK retail. Bricks-and-mortar retailers have had to work harder than ever to get customers through their doors and spending,while online retailing has grown from almost a standing start.