All City & finance articles – Page 558
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News
Next plans new bonus scheme to revive share price
The bonus scheme introduced by Next in 2004 could be re-instigated by the retailer for its directors and executives, in an effort to drive its share price up, according to the Financial Times .
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News
M&S in line for £3.5m cake-tax refund
Marks & Spencer is poised to receive a substantial VAT refund over a 13-and-a-half year legal battle over chocolate teacakes.
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Analysis
The green agenda
Times may be hard in fashion, but no one told Sir Philip Green. Tim Danaher and George MacDonald meet him to discuss the secrets of retail success
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News
Mosaic bids to take Principles upmarket
Mosaic has unveiled the first fruits of its turnaround strategy at smart womenswear chain Principles, 18 months after acquiring the retailer.
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News
Gap sales take a plunge
Fashion retailer Gap's sales tumbled 12 per cent to US$1.37 billion ( 691.2 million) for the five weeks to April 5.
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News
Bank of England cuts interest rate to 5%
The Bank of England has cut the interest rate from 5.25 to 5 per cent, giving hard-pressed retailers a lift.
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News
Thriving sales in China offer route for growth
Chinese retail sales continue to soar in contrast to countries hit by the global downturn, ensuring the market will remain one of the most appealing to international retailers.
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News
Topshop and Topman set for record years
Young-fashion chains Topshop and Topman are on course for record years despite the savage downturn in the fashion market, owner Sir Philip Green revealed this week.
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News
BRC slams HSBC card plan
HSBC’s move to transfer its Maestro customers to Visa debit cards could cost UK retailers millions, says the British Retail Consortium.
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News
Shop price inflation slows in March
UK shop price inflation fell 0.2 percentage points to 1.1 per cent in March, which was the same level as November, according to the BRC-Nielsen Shop Price Index (SPI).
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News
Baugur to focus on retail following disposals
Serial investor Baugur is selling its media, technology and financial services operations to raise 430 million to fund future retail acquisitions.
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News
First quarter trading worst since 2006
The credit crunch has contributed to the highest number of negative trading statements from listed retailers since 2006, according to Grant Thornton.
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Opinion
A slow passage to India
Tesco seemed to edge closer to launching a joint venture in India this week, when its finance director appeared to suggest that talks with a potential partner had advanced beyond the exploratory phase.
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Opinion
The truth about the recession
While there’s some scaremongering going on, retailers do need to prepare for hard times
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News
Co-op needs to up Somerfield bid to seal deal
The Co-operative Group will have to raise its offer to buy Somerfield, which could result in a Competition Commission inquiry.
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News
M&S makes concessions to rebel shareholders
Marks & Spencer has made a series of concessions to its rebel shareholders in an effort to calm the row over Sir Stuart Rose’s planned elevation to executive chairman.
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Analysis
2028: A Retail Odyssey
Personalised products, refrigerated packaging and automatic grocery deliveries. These are just some of the retail trends forecast for the next 20 years. Charlotte Dennis-Jones reports
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News
‘An exceptional step in exceptional circumstances’
Marks & Spencer acts to justify Rose’s promotion in wake of shareholder opposition
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News
Tesco: the city view
As top grocer Tesco prepares to unveil full-year results a week on Tuesday, it finds its prospects for continued success increasingly under question.
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News
Stocks outperform market again as results season’s stars emerge
A raft of results and updates brought mixed news, but retailers’ stocks rose once again during the week and outperformed the market.