All City & finance articles – Page 483
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NewsSuperGroup confident of IPO success as others falter
Directors of SuperGroup, which aims to raise £125m through an IPO, are confident of the retailer’s longevity despite some potential investor concerns about fashion’s volatility.
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NewsBroker sees potential in undervalued Next
Earnings momentum and share buy-backs have created a buying opportunity in fashion group Next, broker Investec believes.
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NewsAustin Reed steadies after profit dive
Austin Reed has said business has stabilised since reporting group profit fell 37% to £3.2m in the year to January 31, 2009, as men sacrificed suit purchases in the recession.
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OpinionHalfords’ potential acquisition list
The question is how far the span of Halfords’ group can be profitably pushed without sprawling.
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NewsHalfords buys Nationwide Autocentres for £73.2m
Motor accessories group Halfords has bolstered its service and repair operations with the £73.2m acquisition of 224-outlet Nationwide Autocentres.
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NewsBurberry to restructure Spanish arm
Luxury heritage brand Burberry is to restructure its Spanish arm in a bid to bring the division in line with the global business.
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NewsMulberry raises outlook after strong trading
Luxury leather goods and clothing brand Mulberry has raised its full year outlook following a strong Christmas trading period.
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NewsThe Body Shop reports resilient trading
The Body Shop has reported total retail sales up 1% and like-for-like growth at up 0.7% in its full year 2009 figures.
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NewsHalfords mulls £30m Blacks bid
Outdoor specialist retailer Blacks Leisure is reported to be the latest bid target for Halfords.
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NewsH&M sales up 1% in January
H&M’s like-for-like sales rose 1% in the month of January compared with the same month last year.
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NewsSupergroup announces intention to float
Supergroup has announced its intention to raise £125m by floating on the London Stock Exchange.
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NewsDoubts raised over Ocado IPO
Doubts have been raised about the stock market flotation potential of Ocado, after it emerged that Waitrose is to launch a competing online operation in central London within two years.
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NewsNew Look IPO shelved
New Look has pulled its IPO process, citing an unfavourable market backdrop.
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NewsNew Look board meets as doubts rise over IPO
Fashion retailer new Look’s board will decide today whether to proceed with an IPO as fears rise that a flotation may be impossible.
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OpinionWeak retailers need to be weeded out
UK retail, particularly fashion, has too many weak brands and too many stores. If consolidation does turn out to be the theme of 2010, that won’t be such a bad thing.
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OpinionMultichannel retail’s pioneers
A decade after the dotcom crash, online and multichannel retail are firmly established. But as entrepreneurs quest for transformational business models, the multichannel merits of older companies should not be overlooked
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NewsMore retail deals on private equity’s radar
Renewed private equity activity and low retailer valuations raise the likelihood of another round of public-to-private deals, Oriel analysts believe.
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AnalysisBusiness sales: retail makeover tactics
After a year when retailers often got the cold shoulder, both private equity and IPO activity in the sector is picking up. Joanna Perry examines the makeover tactics retailers use to encourage a sale
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AnalysisRetailer partnerships will build Boots’ legacy
Boots sees partnerships with other retailers as key to its future growth. Three years on from Stefano Pessina’s takeover, Jennifer Creevy visits its Nottingham HQ