All City & finance articles – Page 495
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NewsMatalan considers £1.5bn sale
Discount retailer Matalan is considering a £1.5bn sale after receiving a number of expressions of interest.
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NewsGovernment mulls concession on VAT
The Government is to consider granting retailers extra time to update price labels in stores when the VAT rate reverts to 17.5% on January 1.
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OpinionA touch of Qatar
Just when we thought a year might pass without talk of a bid for Sainsbury’s, the Qataris are back in business.
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NewsMothercare to extend Indian stores network
Mothercare has signed a second joint venture in India, with DLF Brands, the retail division of a local property giant, to accelerate its expansion there.
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NewsWHSmith nets second-half profit for first time in decade
Bookseller and stationer WHSmith delivered better than expected full-year results, revealing it had been profitable in its second half for the first time in more than 10 years.
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NewsFlying Brands sales flourish in third quarter
Strong sales at Flying Brands’ gardening business helped keep revenues at the home shopping group in line with expectations in the three months to October 2.
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OpinionBig screen should boost HMV
The curtain rises on the latest phase of HMV’s reinvention today, with the opening of its first cinema in partnership with Curzon.
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NewsArgos to undergo brand revamp
Catalogue store group Argos is to revamp its brand, including its logo, to reflect how the business has changed in recent years.
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NewsFewer, bigger stores for Arcadia as profits soar
Arcadia’s future lies in fewer, bigger stores, Sir Philip Green said this week as he revealed that profits at his fashion group have increased despite the recession.
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NewsClinton to expand store chains after better than expected trading
Greetings cards retailer Clinton Cards is gunning to grow its store base from 876 to 1,200 within six years and has revealed better than expected full-year trading.
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NewsBrokers mixed after Morrisons visit
Grocer Morrisons held an investor day on Monday, when it took analysts on a tour of new small-format stores and a regional distribution centre on the south coast.
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NewsFood hots up after Sainsbury’s bid talk
Investor appetite grew for food retailers as speculation swirled that Qatar’s sovereign wealth fund was once again considering a bid for Sainsbury’s.
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NewsSports Direct trading stays in line with expectations
Sports Direct has said that trading has remained in line with group expectations and is on track to achieve underlying EBITDA of at least £150m in its current financial year.
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NewsDebenhams posts market share and profits rise
Department store group Debenhams took market share from rivals last year, when it also transformed its trading space and increased margin.
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NewsArcadia profits soar
Sir Philip Green’s Arcadia Group has reported a 13% rise in pre-tax profits, despite the recession.
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NewsSainsbury’s takeover talk gathers pace
Renewed speculation about a possible bid by Qatar’s sovereign wealth fund for Sainsbury’s gathered pace yesterday after the fund sold 396 million shares in Barclays.
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NewsHome Retail Group reveals better than expected first half
Home Retail Group has revealed better than expected trading in the first half as it makes market share advances at both Argos and Homebase.
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NewsRetailers call for trade credit insurance top-up to be extended
About 38% of large retailers and 28% of small and medium-sized retailers have said that the reduction or withdrawal of credit insurance has negatively impacted their businesses and want the trade top-up scheme extended beyond the end of this year.
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NewsJohn Lovering to step down as Debenhams chairman
John Lovering is expected to step down as Debenhams chairman when the company releases its full year results on Thursday.
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NewsFlying Brands sales buoyed by gardening arm
Flying Brands has said that sales for the three months to October 2 were in line with management expectations at £5.53m.