All City & finance articles – Page 536
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News
HBOS appoints KPMG to review Wyevale
HBOS is understood to have appointed KPMG to conduct an independent review of Wyevale Garden Centres.
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News
Recession looms as economy shrinks for first time in 16 years
The UK economy shrank for the first time in 16 years in the last quarter, confirming fears that the country is slipping into a recession.
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News
Carrefour and Ahold post resilient third-quarter sales
French retailer Carrefour and Dutch grocer Ahold posted resilient third-quarter trading updates.
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News
Stores’ fury over debit card charges
Retailers in uproar over banks’ shift to Visa-backed debit cards and Mastercard’s membership fees.
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Opinion
Tim Danaher: Resilient retailers are fighting hard
It was a big week for non-food retail, with lower profits from Arcadia, Debenhams and Home Retail bringing out the prophets of doom.
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News
Sale of Icelandic assets delayed by authorities
The potential sale of Baugur’s debt and investments by Icelandic banks in UK retailers is on hold as Icelandic authorities assess their value and move to avoid a quick-fire sale.
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News
Green sets out strategy as Arcadia holds firm
Sir Philip Green has vowed to redouble his focus on product and processes after Arcadia revealed a resilient set of full-year results.
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News
Retail crime headed for a ‘rapid rise’
Retailers are bracing themselves for a rise in retail crime as the British Retail Consortium (BRC) warned that the credit crunch will “wipe out” falling statistics recorded over the last year.
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News
Booths posts profits jump but stays wary
Upmarket grocer Booths has reported a 32 per cent jump in pre-tax profits to 6.9 million in its full-year results but warned of a “tightening economy”.
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News
BrightHouse gives slip to high street turmoil
Rent-to-buy specialist BrightHouse has bucked the retail downturn to reveal a 13.6 per cent jump in like-for-like sales for the six months to September 31.
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News
Home Retail: The City View
The Argos and Homebase owner warned that unless there is respite from the consumer slowdown full-year profits will come in at the low end of City expectations.
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News
JJB fortunes improve but bleak conditions bear down on most
Rising fears of recession and expectations that Christmas will not be merry for many retailers continued to weigh heavily on share prices.
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News
New Ideal Shopping chief to focus on multichannel profile
Mike Hancox, newly appointed chief executive of Ideal Shopping Direct, will concentrate on improving the retailer’s multichannel appeal when he takes the helm next month.
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NewsTravis Perkins warning reignites fears for DIY
Travis Perkins’ profit warning last week again sparked fears about the impact of the downturn on home and DIY retailers.
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Opinion
George MacDonald: Playing the equity card
The old maxim that cash is king has never been more true as debt fears and covenant concerns drag down sentiment and valuations.
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Opinion
Forget the recession and get retailing
As Gordon Brown and Mervyn King finally uttered the R-word this week, it looked like they had unavoidably twisted the knife for retailers.
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News
Amazon cautious about Christmas sales
Online retailer Amazon is expecting an uncertain Christmas for 2008.
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News
Retail sales growth slows further
Retail sales volume growth has continued to slow in the three months to September, rising only 0.1 per cent.
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News
Wal-Mart's supplier standards drive could hit profits
Wal-Mart has admitted that its profits could be dented by plans to force Chinese suppliers to meet new quality and environmental standards or risk losing its business.
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News
DSGi to slash capex as like-for-likes fall
DSGi is to slash capital expenditure after revealing first-half like-for-likes tumbled 7 per cent.