All City & finance articles – Page 539
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News
Blacks weighs up boardwear division sale as losses widen
Blacks Leisure may sell its boardwear business after tough trading over the summer months led to greater losses for the outdoor retailer.
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Opinion
Lord Kirkham: There’s an art to good business
As Damien Hirst’s recent auction showed, thinking outside the box is key to making money
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News
Kaupthing taken over by Icelandic government
The Icelandic government has seized control of Kaupthing, the bank that is closely connected to swathes of the UK high street.
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News
WHSmith profits jump 15%
Robust sales at WHSmith's travel division helped it achieve a 15 per cent hike in profit before tax and exceptional items to 76 million for the year to August 31.
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News
Robert Tchenguiz 'to sell Sainsbury's stake'
Property billionaire Robert Tchenguiz has reportedly been forced to put his 10 per cent stake in J Sainsbury up for sale.
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News
Bank of England cuts interest rates to 4.5 per cent
Bank of England has unexpectedly cut interest rates by half a point to 4.5 per cent.
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News
Slowing food inflation prompts BRC call for interest rate cut
The rate of food price inflation has fallen for the first time in six months, prompting the British Retail Consortium to call on the Bank of England to bring in an immediate interest rate cut.
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News
Profits crash at Land of Leather
Furniture retailer Land of Leather has revealed that pre-tax profits fell by 16.2 million, from 18.5 million to 2.3 million in the year to August 3.
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News
Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.
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News
Thorntons sales rise
Thorntons has reported sales growth across its business of 6.4 per cent to 45.7 million for the 14 weeks to October 4.
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News
Sainsbury's beats second-quarter sales expectations
Supermarket group Sainsbury’s has posted second-quarter sales ahead of expectations.
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News
Poundland profits rocket
Value retailer Poundland has unveiled a 122 per cent rise in operating profit, from 3.5 million to 8 million for the year to March 31.
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News
Iceland nationalises Landsbanki
Landsbanki, Iceland’s second largest bank, has been nationalised. The move is the latest chapter in the saga surrounding the collapse of Iceland’s economy and subsequent speculation surrounding its impact on UK retailers owned or backed by Icelandic banks or Icelandic investor Baugur.
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News
MFI retail and property divisions placed into administration
MFI placed its retail and property divisions into administration yesterday after the completion of a management buyout led by chief executive Gary Favell.
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News
EBay cuts jobs in tough trading climate
Pure-play online giant eBay is to axe 10 per cent of its workforce in an attempt to streamline the business.
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News
Aurum posts robust sales
Baugur-backed jewellery group Aurum has posted annual sales of 261.7 million, an increase of 7.7 per cent on the year and 7.4 per cent on a like-for-like basis.
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News
N Brown continues to defy the downturn
Home shopping group N Brown continued to defy the downturn with pre-tax profits soaring 19.6 per cent to 40.8 million in the six months to August 30.
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News
Bhs operating profits slump
Bhs has posted a 40 per cent fall in full-year operating profit to 30.2 million.
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News
Ghost 'seeking funding solutions'
Womenswear retailer Ghost is exploring alternative funding solutions, which could include the withdrawal of its backers from the business.
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News
Baugur reassures Icelandic turmoil will have 'no impact'
Baugur has quashed speculation that turmoil in the Icelandic banking sector may have an effect on the Icelandic investor’s UK retail portfolio.