All City & finance articles – Page 512
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NewsNew Look board to consider fresh IPO bid
Fast-fashion chain New Look could resurrect its £1.7bn flotation plans when its board meets tomorrow to discuss market conditions.
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NewsSir Stuart Rose under fire over new pay package
Sir Stuart Rose faces yet more criticism as analysts and Marks & Spencer investors raised concerns over the salary he will receive when he moves to a non-executive position in July.
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NewsBlacks rejects Sports Direct bid
Blacks Leisure has rejected a takeover offer from Mike Ashley’s Sports Direct as “wholly inadequate”.
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NewsVAT on food ‘could cut grocers’ profits by 16%’
The imposition of a 5% rate of VAT on food could hit the three quoted grocers’ operating profits by up to 16%, says broker Bernstein.
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OpinionWhy Superdry boss will need 2020 vision
An unscientific survey admittedly, but an analysis of the branded hoodies on a flight back from the French Alps last week revealed that even Abercrombie & Fitch was being left in the wake of Superdry.
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OpinionRetail surgery: Is it true that we are no longer going to be able to provide credit at the point of sale in the same way as we have?
Is it true that we are no longer going to be able to provide credit at the point of sale in the same way as we have?
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AnalysisIs Blockbuster springing into action too late?
The latest financial results from Blockbuster make for grim reading. For the year ending January 3, 2010, losses at the US-based video rental giant widened from $374m (£204m) in 2008 to $558m (£358m).
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NewsFlying Brands’ focus on core areas paying off
Home shopping group Flying Brands’ strategy to focus on its core gardening and gift divisions is bearing fruit, the retailer said as it posted improved full-year results.
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NewsSuperGroup to expand overseas via global ecommerce assault
SuperGroup is to push the button on a global ecommerce offer a week ahead of its scheduled IPO.
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NewsMy-Wardrobe pursues funds to back growth
Fashion etailer My-Wardrobe is seeking another round of investment to accelerate growth as it targets sales of £100m by 2015.
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OpinionUpgrade in store for Ted Baker?
SuperGroup’s £5 a share IPO is good news for founder Julian Dunkerton. It might also be good news for some of the retailer’s fashion peers - in particular Ted Baker.
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NewsDFS sale is ‘Lord Kirkham’s call’
Sofa retailer’s founder considers refinancing alternatives as doubts rise over sale of the business
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News
Cash Generator draws up plan for expansion
Second-hand retailer and pawnbroker Cash Generator is gearing up for expansion beyond the UK mainland after like-for-like sales soared 16.4% in the year to January 31.
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OpinionGreen shoots have many sources
Word is the recession is over - and it’s not coming from stats, but consumers, says Lord Kirkham
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NewsStores shares lifted as retail interest piqued
Stores shot ahead of the All-Share index as low valuations and vague talk of takeovers - such as potential private equity interest in Home Retail Group - prompted interest.
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NewsPrivate equity firms confirm interest in DFS
Two private equity firms have reaffirmed their interest in buying sofa retailer DFS and a third is expected to do so, despite doubt about whether a sale will be concluded.
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NewsOcado to float after general election
Home shopping group Ocado has signalled its intention to launch an IPO after the general election.
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NewsBlockbuster may put up stores as collateral to ensure DVD supplies
Troubled DVD rental group Blockbuster may have to put up Canadian stores as collateral after failing to secure bank credit for stock.
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Analysis
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NewsMarks & Spencer to pay bonus early to avoid 50% tax rate
Marks & Spencer has become the latest retailer to bring forward bonus payments in order to beat the 50% tax rate being introduced next month.