All City & finance articles – Page 499
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NewsRetailers prepare for AGM pay rebellions
Leading retailers are preparing for a showdown with shareholders this week as director pay becomes the focus of investor anger.
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NewsOcado critic Philip Dorgan loses job
The analyst who was one of the most outspoken critics of Ocado’s IPO plans has lost his job.
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NewsShares sale by Sainsbury’s chief dampens bid speculation
Speculation that Qataris investors are mulling a bid for supermarket group Sainsbury’s has been undermined by a share sale by chief executive Justin King.
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NewsWickes revenue up 2.1% as it outperforms market
DIY retailer Wickes made market share gains in the 26 weeks to June 30.
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AnalysisDebenhams: all about the bottom line
As it ramps up its own-label offer, the department store retailer has sacrificed sales to boost margins. George MacDonald asks if the strategy has paid off
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NewsCity split on Ocado IPO as Amazon launches online grocery offer
Competition from Waitrose and Amazon adds to questions over Ocado’s valuation and profitability
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NewsCity perks up as general retailers bounce back
There was plenty to interest stock market store-watchers as general retailers staged a bounce-back over the week, Ocado generated excitement and controversy with its IPO plans and takeover talk swirled around Sainsbury’s.
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NewsCity perks up as general retailers bounce back
There was plenty to interest stock market store-watchers as general retailers staged a bounce-back over the week, Ocado generated excitement and controversy with its IPO plans and takeover talk swirled around Sainsbury’s.
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OpinionWill Ocado’s IPO bubble burst?
The great dotcom bubble was based on ‘get large or get lost’, start-ups buying market share to get growth and then IPO-ing even if they had never made a profit. So is history repeating itself? Only time will tell.
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NewsDebenhams disappoints but maintains support
Debenhams issued a “disappointing” interim management statement last week, according to analysts, after like-for-likes weakened over the third quarter.
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OpinionDon’t be pilloried over pay
How striking that it is typically top-flight retailers that become embroiled in AGM fisticuffs.
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OpinionFocus on margins will be key to higher profits
It should be a statement of the obvious that selling more stuff but not making any more money out of it is no strategy for retailing. Yet in the relentless vanity-driven obsession with market share and like-for-like growth, the basics of making money sometimes get forgotten.
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NewsTopps Tiles is ‘good recovery story’
A Topps Tiles analysts’ trip last week helped convince the City that the retailer is a “good recovery story”.
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News
Outdoor retailer Tiso back in the black
Scottish outdoor retailer Tiso has bounced back into the black after posting a pre-tax profit of £1.2m in the year to January 31 as it lays out plans for expansion.
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NewsOcado 'won't comply' with governance code
Ocado has admitted that its board of directors will not comply with the UK Corporate Governance Code that regulates best practice when it floats on the stock market.
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NewsClinton Cards issues profit warning
Clinton Cards has issued a profit warning and expects its full year profits to remain flat as the greetings card retailer is hit by weaker trading, particularly in Ireland.
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NewsLloyds sells TM Lewin stake
Lloyds Banking Group is to sell its portfolio of 40 private equity investments including shirtmaker TM Lewin.
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NewsOcado expects £1.18bn IPO valuation
Home shopping group Ocado has set a price range of between 200p to 275p per share for its IPO and expects a market capitalisation of about £1.18bn.
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NewsOcado to publish prospectus and start roadshow
Ocado is poised to publish its prospectus tomorrow and press ahead with a valuation of £900m-£1bn for its IPO.
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NewsOcado will make no money until 2014, adviser says
Online grocer Ocado will not make a profit until 2014, one of the banks advising it on an IPO has revealed.