All City & finance articles – Page 504
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NewsHMV shares rise as Fox recommits
HMV shares bounced back after chief executive Simon Fox pulled out of the race for the top job at embattled broadcaster ITV.
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NewsSignet spies opportunity despite weak sales
Jewellery giant Signet hopes to build market share, leading to a stronger second half, after weaker than expected sales in its second quarter.
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NewsLuxury department stores fend off recession with sales gains
Department store operators Harrods, Harvey Nichols and Fenwick have reported resilient trading over the past year, despite the bleak retail landscape.
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OpinionHome comforts
There are new signs of bounce in the hard-pressed homewares and furniture market, on which the springs went more than a year ago.
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NewsNext upgraded on back of share price expectations
Broker Pali International upgraded Next from neutral to buy in expectation that the fashion group’s share price will rise ahead of next month’s interims.
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NewsBest Buy threat to UK players overblown, analyst says
The threat posed by US giant Best Buy’s UK launch to electricals specialists DSGi and Kesa has been overblown, believes broker Shore Capital.
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NewsThorntons completes refinancing
Thorntons has completed its refinancing, having signed a new revolving credit facility of £52.5m.
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NewsStrong support for Findel fundraising
Home shopping group Findel has said its £81m fundraising has received strong support from investors.
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NewsKaupthing retailer loans investigated
Details of loans made by collapsed Icelandic bank Kaupthing to a company owned by retail entrepreneur Kevin Stanford have been passed to criminal investigators in Iceland.
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NewsRetailers run on as updates hold promise
Investors once again went on a trolley dash for store stocks, helping general retailers outperform the market.
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NewsGreen shoots and toxic waste
Two years into the credit crunch, hopes are rising that an end to hard times could be on the horizon.
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NewsRetailers to gain if recovery of pound sustained
Retailers are poised to reap earnings and margin gains if the recovery of the pound is sustained and relieves pressure on buying costs.
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NewsTopps Tiles like-for-like sales decline slows
Topps Tiles’ like-for-likes fell 10.9 per cent in the 18 weeks to August 1 as declining consumer confidence continued to knock the retailer.
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NewsWickes improvement gives City hope for upturn in DIY
Good weather and a hike in online sales helped Wickes limit its like-for-like sales fall to 2.4 per cent in the six months to June 30.
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NewsEfficiencies and pricing drive Flying Brands profit
Cost efficiencies have begun to improve profitability at multichannel retailer Flying Brands.
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NewsSuperdrug to focus on beauty as it posts loss
Superdrug is confident it can increase its beauty market share despite suffering a pre-tax loss of £7.4m in the year to December 2008.
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News
Forecast cut for ‘overvalued’ Alexon
Seymour Pierce has slashed its full-year profit forecast for Alexon – owner of fashion businesses including Ann Harvey, Kaliko and Eastex – from break-even to a loss of £5m.
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NewsDisney Stores upbeat after return to profit
Disney Stores has bounced back into the black, recording a pre-tax profit of £2.8m in the year to September 27, 2008, after posting a loss of £6.6m the previous year.
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NewsCarpetright shifts ads away from price focus
Carpetright has overhauled its marketing to focus on “emotional engagement” rather than just price as the retailer achieved its first like-for-like sales growth since the fourth quarter of 2007/08.
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News
Sales drop at Signet's UK arm
Jewellery retailer Signet’s group like-for-likes fell 5.3 per cent in the 13 weeks to August 1.