All City & finance articles – Page 570
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Profit warnings for retailers continue to rise
Profit warnings from the retail sector have risen sharply in the last year.
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Rising profit warnings cause concern
Profit warnings from the retail sector have risen sharply in the past year.
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Retail sales up 3 per cent
UK retail sales rose 3 per cent on a like-for-like basis last month, compared with September 2006 when sales were up 2.4 per cent, according to the British Retail Consortium (BRC).
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Investment vehicle snaps up Smallbone stake
Luxury kitchen and furnishings group Smallbone is the latest retailer to become the subject of stake-building, with investment vehicle Toscafield snapping up a stake of almost 7 per cent.
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WHSmith profits rocket
WHSmith has reported soaring group profits, but both total and like-for-like sales dropped.
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Sainsbury's sales climb
Sainsbury’s revealed second-quarter sales rose 4.7 per cent (excluding fuel), in line with company expectations.
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Thorntons celebrates stellar first quarter
Thorntons has reported strong trading in its first-quarter update.
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Theo Fennell boss to exit as sales soar
Theo Fennell managing director Barbara Snoad is to leave at the end of this year after six years at the upmarket jeweller.
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US Carpetright shareholder to block Lord Harris deal
Carpetright’s third biggest investor, Harris Associates, aims to halt the 850 million acquisition of the retailer by its founder.
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Baugur snaps up stake in Sports Direct
Serial investor Baugur has taken a stake in beleaguered retailer Sports Direct.
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NewsFocus store disposals to raise £68 million
DIY group Focus is to sell 41 stores for a total of £68 million as it undergoes a restructure, following its acquisition in July by investment firm Cerberus.
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Pension row threatens Sainsbury's deal
The 10.6 billion takeover of Sainsbury’s by Delta Two will not be backed by founding family shareholders unless the Qatari investment fund agrees to inject 2 billion into the deficit-hit pension fund.
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Carphone Warehouse UK marketing director leaves
Carphone Warehouse’s UK marketing director Dominic Rowell has left the retailer.
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Clinton Cards prelims impress
Clinton Cards has posted preliminary results ahead of City expectations.
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Strong first half for N Brown
Home shopping group N Brown has delivered strong first-half results, with like-for-like sales up 10.6 per cent.
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Lord Harris on brink of making Carpetright bid as sales soar
Lord Harris, chairman and chief executive of Carpetright, is poised to make a cash offer for the retailer after receiving the go-ahead to make a bid from the carpet retailer’s board.
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EBTM widens losses after year of growth
Music-inspired fashion e-tailer EBTM (Everything But The Music) has increased its turnover to 1.4 million after a year on the acquisition trail, but still made a loss overall.
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Retailers fear Budget means £100m tax hit
Proposals to allow shire counties and the Greater London Authority to tax businesses to fund local projects will cost retailers 100 million.