All City & finance articles – Page 486
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NewsHMV acquires Mama Group
HMV has acquired Mama Group after receiving an adequate level of acceptance from the live music group’s shareholders.
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NewsJohn Lovering to make bid for DFS
Veteran retailer John Lovering has teamed up with private equity firm Permira to put together a deal for furniture retailer DFS valued at more than £500m.
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NewsNigel Northridge to succeed John Lovering as Debenhams chairman
Department store group Debenhams has named Nigel Northridge as its new chairman.
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OpinionSuperdry: A Super prospect?
Walk down any high street or into a bar and you’ll almost certainly see one brand in evidence - Superdry.
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NewsHome shopping retailer and supplier JML dodges recession
Home shopping retailer and supplier JML has said its niche products have cushioned it from the recession, with its home shopping arm driving the majority of its business.
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NewsJessops Plc delists as it moves to wind down
Jessops Plc officially delisted from the London Stock Exchange last week as shareholders voted to wind up the company after the core store business was sold to new company Snap Equity in September.
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NewsBeales prospects improve as it slashes losses
Department store chain Beales reported a resilient full-year performance and reduced pre-tax losses by more than a third.
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NewsDFS targets £1bn sales after record full-year results
DFS has laid out plans to top £1bn in sales after reporting record full-year profits despite the challenging furniture market.
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NewsDemand for traditional products lifts Dobbies Christmas sales
Garden centre group Dobbies has posted a Christmas sales rise after consumers snapped up traditional seasonal products.
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NewsRaids made in UK and Iceland as investigations into Exista step up
The Serious Fraud Office and Iceland’s special prosecutor’s office have taken the investigation into the dealings of Icelandic investment vehicle Exista one step further with raids on four UK locations including Exista’s Paddington offices.
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NewsPets at Home sold to KKR for £955m
Pets at Home has been sold to private equity house Kohlberg Kravis Roberts (KKR) for £955m, including the debt.
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NewsWHSmith delivers performance in line with expectations
WHSmith group sales declined 2% with like-for-likes dropping 4% in the 21 weeks to January 23.
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NewsNew Look’s Phil Wrigley to join Majestic Wine
Former New Look chairman Phil Wrigley is set to become chairman of Majestic Wine when its current chairman Simon Burke retires later this year.
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NewsNew Look board meeting to consider IPO
Fashion group New Look’s board will consider this week whether to go ahead with a Stock Exchange listing.
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NewsGreen light for retail IPOs
Grim outlook fails to dampen retailers’ flotation hopes — but will they hit their valuations?
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NewsConsumer fears overshadow ‘super Thursday’ updates
Retail shares slid following last week’s ‘super Thursday’ round of updates and brokers have warned store stocks might now stall.
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OpinionBring it on, Best Buy
Leopards can never change their spots, but maybe something almost as remarkable has happened: not only did DSGi have a great Christmas, it looks as if chief executive John Browett is genuinely changing the business for the long-term good.
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NewsOverlooked grocers back on City radar
Investor appetite this week for food retailers was keen but general retailers were shunned, despite almost without exception beating Christmas expectations.
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NewsFormer Ernst & Young retail chief Gavin George joins Great American
Retail restructuring, stock disposal and financing specialist Great American has appointed former Ernst & Young head of retail Gavin George as managing director of its UK division in expectation that such services will remain in demand.