All City & finance articles – Page 197
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NewsBonmarché warns on profits as store sales slump
Bonmarché has warned that full-year profits would come in below previous expectations following a “downturn in store trading” during its second quarter.
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NewsBoohoo posts profit rise as it wins market share
Fashion etailer Boohoo has reported first-half sales ahead 50% to £395.3m at group level, powering pre-tax profits up 22% to £24.7m.
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NewsHotel Chocolat targets US and Japan as profits jump
Hotel Chocolat will launch its first store in Japan and take a second crack at the US as the business ramps up its overseas push.
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NewsCard Factory profits grow despite ‘challenging’ trading
Card Factory has registered an increase in half-year profits as it grew sales amid what it dubbed a “challenging consumer environment”.
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NewsNext raises profit guidance as interim earnings edge up
Next has increased its profit guidance for the full year after sales and earnings bettered expectations in its first half.
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NewsCarrefour denies making Casino merger approach
Carrefour has refuted claims from French grocery rival Casino that it approached the business over a possible tie-up.
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OpinionWhy I’m certain department stores have a future
As he unveils his latest store, Debenhams’ chief executive explains why he’s confident in prospects despite tough conditions.
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NewsRiver Island profits decline as it invests in strategy
River Island’s profits fell last year as the business ploughed investment into keeping up with “evolving consumer habits and expectations”.
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NewsNext, Boohoo, Hotel Chocolat, Card Factory and Halfords
Retail Week looks ahead to the next seven days, with updates from Next, Boohoo, Hotel Chocolat, Card Factory and Halfords.
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News
Central England Co-op posts first-half profits rise
Central England Co-op has reported first-half trading profit up by £1m to £12.9m despite tough trading conditions.
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NewsEvans Cycles seeks buyer to fund rescue bid
Evans Cycles has put itself up for sale and is seeking fresh funding to secure its future.
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NewsMoss Bros swings to red in volatile first half
Menswear retailer Moss Bros swung into the red in what chief executive Brian Brick said was the “most volatile” first half trading for many years.
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NewsFrench Connection 'on track' to achieve profitability
French Connection is “on track” to achieve profitability by the end of the year, according to founder, chairman and chief executive Stephen Marks.
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NewsHarvey Nichols EBITDA rockets amid Knightsbridge refurb
Harvey Nichols has reported a doubling of EBITDA and rising sales following a complete refurbishment of its Knightbridge store.
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NewsKingfisher profits crash as UK like for likes dial back
Kingfisher has reported a drop in interim profits with chief executive Vèronique Laury blaming the French market for its woes.
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NewsShop Direct swings to loss as Birch takes reins
Shop Direct has swung to a loss in its first results under new chief executive Henry Birch.
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CartoonRetail cartoon: Mike Ashley's sharp tongue
Patrick Blower’s take on Mike Ashley’s extraordinary missive accusing Sports Direct shareholders of ‘stabbing him in the back’.
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OpinionOpinion: Why Boohoo raided Primark for its new CEO
If you were to appoint a new chief executive for a fast-growing pureplay retailer with a blossoming international presence, what sort of person would you hire?
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AnalysisAnalysis: What John Lewis profit plunge means for retail
John Lewis Partnership’s precipitous profits collapse had been flagged well in advance but, when it came, jaws still dropped.
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OpinionOpinion: Time for Ashley to take Sports Direct private
It’s not every day that reading a stock exchange announcement brings laughter and open-mouthed disbelief.