All City & finance articles – Page 568
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News
Next delivers flat sales
Sales at fashion group Next were level in the 14 weeks to November 3, up just 0.4 per cent against the same period last year.
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News
PPR sales soar in third quarter
Luxury goods conglomerate PPR revealed third-quarter sales growth rocketed 22 per cent, driven by sales at its newly acquired Puma sportswear business, as well as demand for Yves Saint Laurent dresses and Bottega Veneta handbags.
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News
Marks & Spencer weathers first half
Marks & Spencer has reported an increase in pre-tax profit of 11.5 per cent for its first half, the 26 weeks to September 29 and revealed further details of its international expansion plans.
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News
Delta Two abandons Sainsbury's bid
Qatari investment vehicle Delta Two has abandoned its bid to acquire Sainsbury’s, leading to a sharp fall in the grocer’s share price in early trading this morning.
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News
Grocery inquiry keeps City busy as Sainsbury’s takeover teeters
Food groups and general retailers were at the heart of City action during a week driven by the Competition Commission’s early findings on the grocery market, takeover tensions and bid speculation.
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News
Hunter’s USC posts operating loss of £8.8 million
USC, the fashion chain owned by Sir Tom Hunter, made an operating loss of 8.8 million last year.
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News
Flat half-term sales at John Lewis
Sales at John Lewis were flat in the week to November 2, rising just a fraction by 0.3 per cent to 57.7 million.
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Analysis
Crunch time at Christmas
The golden quarter for retailers has now begun, but consumer confidence has rarely been so difficult to gauge.
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News
Next: signs of improvement close
An end to declining like-for-likes is in sight at fashion group Next, broker JP Morgan believes.
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Analysis
Chrunch time at Christmas
The golden quarter for retailers has now begun, but consumer confidence has rarely been so difficult to gauge. Charlotte Dennis-Jones reports on a nail-biting countdown to Christmas as our exclusive poll reveals consumer attitudes
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Opinion
Browett faces a tough job at DSGi
Next year could be a watershed for electricals giant DSGi. In December, former Tesco operations director John Browett will take the helm as chief executive and he will have to tackle several key areas as a matter of urgency.
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News
Flying Brands profits hit but expansion continues
Home shopping retailer Flying Brands is to push ahead with global expansion, despite issuing a profit warning this week.
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News
Mothercare sales skyrocket as ELC deal begins to bear fruit
Mothercare’s acquisition of Early Learning Centre (ELC) helped push group sales up 38.3 per cent in the 13 weeks to October 13, exceeding City expectations.
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News
Land of Leather like-for-likes slump
Land of Leather recorded a poor first-quarter performance as it began to feel the effects of five successive interest rate rises.
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News
US bond issue first for Tesco
Supermarket giant Tesco has raised US$2 billion ( 967.7 million) in its first bond issue in the US.
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News
Metro Q3 sales climb
Metro has forecast a positive performance for the remainder of this year after recording healthy sales in its third quarter.
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News
United Carpets tells AGM trading as expected
United Carpets has reported at its Annual General Meeting this morning that trade is continuing in line with expectations, driven by its strategy to maximise revenues from existing stores and expand its franchise business.
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Opinion
Browett faces a tough job at DSGi
Next year could be a watershed for electricals giant DSGi. In December, former Tesco operations director John Browett will take the helm as chief executive and he will have to tackle several key areas as a matter of urgency.
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News
Home Retail: The City View
Interim group profits at the general merchandise and DIY retailer soared 40 per cent to 149.8 million on sales up 3 per cent to 2.74 billion, powered by Argos.
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News
Mothercare sales skyrocket as ELC deal begins to bear fruit
Mothercare’s acquisition of Early Learning Centre (ELC) helped push group sales up 38.3 per cent in the 13 weeks to October 13, exceeding City expectations.