All City & finance articles – Page 545
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News
Ahold margins hit by promotions
International retailer Ahold has taken a margin hit and missed analysts’ forecasts after spending heavily on price promotions during its second quarter.
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News
Liberty losses widen after investment
Pre-tax losses at Liberty have increased in the first six months of the year as the iconic department store continues to invest in its Liberty of London brand.
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News
Styles & Wood profits nosedive
Styles & Wood, the UK's largest shopfitter, has seen pre-tax profits crash by 53.8 per cent to 2.4 million in the year to June 30.
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News
Superquinn up for sale
Sainsbury’s, Tesco and Asda are all reportedly interested in buying Superquinn, the Irish grocer that has retained Goldman Sachs to advise on a sale.
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News
BPF president warns of rent reform dangers
Small retailers could face greater demands for rental deposits if there was a widespread move to monthly rent payments, one of the most powerful figures in retail property warned this week.
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News
Tesco local sourcing sales to reach £500m
Tesco is on course to generate more than 500 million from the sale of locally sourced food and drink sales this year, according to The Times .
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News
Co-op to install mini-banks in 250 convenience stores
The Co-operative Group will put banking operations inside up to 250 of its biggest convenience stores to encourage customers to use more services within the mutual group, according to The Telegraph .
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News
UK economic growth grinds to a halt
UK economic growth has flatlined between April and June, increasing fears of a recession.
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News
Woolworths: The City View
Malcolm Walker’s surprise offer for Woolworths with backing from Baugur gave the group’s shares a fillip on Monday.
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News
Abrupt end to respite as sector share prices take turn for worse
After the party, the hangover. Retail’s rally proved short-lived and once again the sector headed south as food groups and general retailers alike underperformed the market.
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Opinion
Even food can lose its flavour
In tough times, investors seek refuge in defensive stocks. In retail that usually means food, but how safe a bet are the big grocers?
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News
Signet poised for re-rating as it nears New York switchover
Jewellery giant Signet is likely to benefit from a re-rating when it switches its primary listing from London to the New York Stock Exchange.
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News
Findel quells City debt fears with sales climb
Home shopping group Findel has shaken off bad debt fears and posted a rise in sales. The retailer reported 2 per cent growth in group sales for the 19 weeks to August 15.
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News
Debenhams plagued by delayed developments
Debenhams is understood to have been hit by a string of delays to upcoming schemes it is due to anchor as the slowdown hits property developers hard.
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Opinion
Will a new rider alter Woolies’ course?
The going was far from good, but Sir Stuart made it over the hurdles to land his dream job of executive chairman at Marks & Spencer.
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Analysis
Do your research
In tough times insight into customers is more important than ever, because it enables retailers to give shoppers exactly what they want. Liz Morrell finds out how it can help steal a march on rivals.
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News
M&S brings forward trading statement
Marks & Spencer has fuelled fears of a deeper downturn on the high street by bringing forward its next trading statement by a month.
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News
Netto launches non-food Sale
Discount grocer Netto will launch a discount bonanza for the end of August to drive shoppers to its stores.
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News
Asda slashes pay-as-you-go tariff
Asda has unveiled a new flat-rate pay-as-you-go mobile phone tariff, which it claims will make it the cheapest service of its kind in the UK.
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News
Tesco lines up property deals worth £500m
Tesco is seeking to continue its sale-and-leaseback programme with a wave of deals that could be worth 500 million to the retailer.