All City & finance articles – Page 506
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NewsNew Asda boss Andy Clarke faces ambitious targets
Asda’s incoming chief executive Andy Clarke faces an “uphill battle” to achieve the retailer’s ambitious targets in food and non-food, according to City analysts.
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NewsAurora hires ex-Asos man as online chief
Aurora Fashions has appointed former Asos marketing chief Hash Ladha to the newly created role of group multichannel director.
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NewsAustralian chain Coles poaches UK retailers
Australian grocer Coles has hired another clutch of UK retailers, reporting to retail and operations director Stuart Machin.
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AnalysisPrivate equity rushes back into retail
After two years on the sidelines private equity money is back in retail. George MacDonald finds out why and what investors are looking for
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NewsRetail drifts as City ponders the big issues
Stores, particularly food retailers, underperformed a market convulsed by uncertainty as big issues such as the future of the euro and the outcome of the general election dominated headlines.
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NewsBrokers look for continuity at M&S
Analysts took a relaxed approach to news that finance boss Ian Dyson is leaving Marks & Spencer.
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NewsRefreshing French Connection
While market debutant SuperGroup has reported a surge in sales and likely profits, another fashion retailer in a similar mould is engaged in a battle to restore profitability.
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NewsLiberty signs licensing deal with Italian menswear manufacturer
Liberty of London has signed its first licensing deal, the latest move in the department store’s attempt to become profitable.
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NewsStrong growth at newly floated SuperGroup
Fashion specialist SuperGroup has confirmed that full-year profitability is on track to come in as it promised when it floated in March.
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NewsMorrisons presses on with promotions as sales slow
Morrisons is to continue its promotional drive this year after revealing a steep slowdown in sales growth in its first quarter.
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NewsMarks & Spencer outlines pension funding plan
Marks & Spencer has outlined the plan for its £800m pension scheme funding plan.
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NewsFlying Brands sales start to pick up
Jersey-based home shopping group Flying Brands will say at its AGM today that sales in its garden division in the year to May 7 hit £10.3m, down slightly on the £10.5m for the same period last year.
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NewsKesa sales hit by January’s ‘extremely poor weather’
Kesa group like-for-likes dropped 1.2% from January 9 to April 30 as poor weather hit sales, but the retailer said it expects full year adjusted pre-tax profits to be “significantly ahead of last year”.
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NewsLiberty £32m sale moves closer
London department store Liberty has confirmed that it is in talks with private equity firm BlueGem Capital Partners about a possible £32m sale of the business.
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News£10m cash injection lifts ailing Freemans
Freemans Grattan Holdings, the UK arm of German home shopping giant Otto, has been given a £10m cash injection from its parent company to stem losses at the UK business.
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NewsHMV’s strategy questioned as Q4 like-for-likes plummet
A worse-than-expected update from HMV last week prompted analysts to question the entertainment retailer’s strategy in the face of contracting markets.
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NewsBlacks on stronger footing after fundraising
Blacks Leisure is confident that a forecast warm summer and completion of a £20m fundraising will put the business on a strong footing after a turbulent year.
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News
HobbyCraft aims high for new owner
Art and crafts retailer HobbyCraft has said it would aspire to surpass Pets at Home as a success story for its new owner, Bridgepoint, following its sale last week to the private equity investor for nearly £120m.
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NewsFormer Bhs COO Paul Coackley leaves Arcadia
Arcadia Group chief financial officer Paul Coackley has left Sir Philip Green’s fashion chain.
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NewsStrife in Greece ‘likely to benefit foreign retailers’
The economic and political turmoil that is convulsing Greece is likely in the long term to benefit international retailers that trade there, according to Planet Retail analyst Milos Ryba.