All City & finance articles – Page 576
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News
London store prices inflation falls in August
Month of price stability 'welcome respite', said LRC
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News
Apple's iPhone sales outstrip rivals in US
Sales of Apple’s iPhone have outpaced its rivals in its first full month on the market in the US. In a study by market research group iSuppli, sales of the smartphone in July beat those of the BlackBerry and other smartphone rivals. The phone accounted for 1.8 per cent of ...
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News
Primark share of UK childrenswear to rise
Primark has increased its share of the UK's 4.5 billion childrenswear market to 6.2 per cent
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News
Hunter buys Sanders Garden World for £15m
Move reinforces Scottish entrepreneur’s position in sector
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News
Whole Foods finally buys Wild Oats after trade row
Organic and healthy food giant Whole Foods Market has finally closed its US$565 million ( 282 million) acquisition of rival Wild Oats Markets this week, after months of delays as federal antitrust authorities sought to block the deal. Whole Foods chief executive and chairman John Mackey said: “We believe the ...
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Opinion
Christmas crunch here we come
Now that the August bank holiday is out of the way and a torrid summer, in business terms, is coming to an end, what is the outlook for the sector as the year winds down?The back-to-school offensive is in full swing and Halloween is still to come but, from here ...
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News
Dobbies unearths profit warning as sodden summer takes its toll
Garden centre group Dobbies issued a profit warning just days after Tesco triumphed in its battle with Sir Tom Hunter over ownership of the retailer. Dobbies reported that the wet summer months meant expected sales targets for the year to October 31 were unlikely to be met. Like-for-like sales edged ...
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News
Next profit expected to climb despite sales slide
Fashion retailer Next is expected to post a slight increase in profits at its interim results on September 11, although first-half like-for-likes could be down as much as 6 per cent. The retailer has already given guidance of a like-for-like decrease of between 1 per cent and 4 per cent ...
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News
Stores shares on the up as City readies for key updates
The whole stores sector – grocers and general merchandisers – was up last week and beat the All Share index, although general retailers continued to underperform against last year. The rise was driven partly by optimism about particular companies, such as Next (see opposite), as a raft of big retailers ...
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News
Sainsbury's gives Delta Two three weeks
Grocer wants takeover negotiations wrapped up before the end of the month