All City & finance articles – Page 540
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News
Icelandic economic turmoil stokes Baugur fears
Concern over the impact of Iceland’s financial crisis on Baugur’s retail interests in the UK has continued, despite the investor’s attempts to calm fears.
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Retailers face insolvency in new year
Hundreds of UK retailers face the risk of going bust in the new year.
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JJB sports: The city view
JJB Sports’ interim results were shrouded with controversy when the auditor’s report revealed a dispute with Bank of Scotland over an alleged breach of banking covenants.
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News
General retailers bear brunt as financial market woe ricochets
Turmoil continued to engulf global financial markets and general retailers were again worse hit than the All Share index, despite some impressive updates.
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News
Icelandic saga is not over yet
Gory scenes tend to loom large in Icelandic sagas and the financial story unfolding there is proving no exception. The question is, will UK retail feature in one of its bloodier chapters?
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News
Profits soar at Game but like-for-likes slow
Computer entertainment group Game revealed record interim pre-tax profits on Tuesday.
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French retail market will be ‘first to bounce back’
The French retail market is set to prove more resilient than its European counterparts as industry observers predict the country will lead a European retail recovery next year.
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Sir Terry Leahy: Tesco will adapt to downturn
Tesco has admitted its Finest and Organics ranges have stopped growing, as shopper patterns change in the wake of the economic downturn.
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News
Retail on the ropes
Sector left reeling as relentless financial crisis leads to dramatic sales slump over past fortnight
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Opinion
Bad times bring out the best
Retail staff are most likely to suffer in the downturn and yet many continue to be an inspiration
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News
Baugur boss reassures on retail portfolio
Baugur has quashed speculation that it will suffer as result of the nationalisation of Icelandic bank Glitnir and the administration of Stodir, an investment business controlled by Baugur executive chairman Jon Asgeir Johannesson.
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Negative retail updates soar in third quarter
Quoted retailers posted more negative updates in the third quarter than at any point in the last two years.
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News
Leading Baugur investor files for administration
Icelandic investment business Stodir, which is controlled by Baugur executive chairman J n sgeir J hannesson and which said in July it was acquiring 39 per cent of Baugur, has filed for administration.
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News
House of Fraser financier nationalised
Glitnir, the Icelandic bank that played a key role in Baugur’s acquisition of House of Fraser, has been nationalised.
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Opinion
Good news is still out there
Watching TV and reading the national press, you could be forgiven for thinking it’s Armageddon.
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News99p Stores sales up as shoppers pursue value
Value retailer 99p Stores has recorded a 7 per cent hike in like-for-like sales for the calendar year to date as cash-strapped shoppers flood to its shops.
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News
Topps tiles: The city view
Topps Tiles revealed like-for-likes have plummeted 13.1 per cent in the past eight weeks, but the specialist retailer has managed to renegotiate its loan covenants.
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News
Retail stocks relief short-lived as disappointing updates flood in
Last Friday’s rally following attempts in the US and UK to stabilise volatile markets benefited retail stocks, which surged.
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Opinion
Sir Stuart Rose and Sir Terry Leahy are survivors
The results caravan moves on next week through two of its biggest stops on the trip. On Tuesday, Tesco unveils first-half figures and on Thursday, Marks & Spencer issues second-quarter numbers.