All City & finance articles – Page 236
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NewsSan Fran firm bids for Shop Direct as buyers close in
Shop Direct’s £3bn sale process has entered the next stage of bidding, with three known parties currently in the ring.
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NewsSainsbury’s to buy Nisa as it agrees exclusivity pact
Sainsbury’s is on course to buy Nisa in a £130m deal as the grocery market reacts to Tesco’s swoop on wholesale giant Booker.
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NewsBonmarché profits plunge as turnaround continues
Bonmarché’s profits and like-for-likes have fallen, but new boss Helen Connolly has insisted that the “direction of travel” is right.
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NewsTesco shareholder revolt over pay fails to materialise
Tesco’s board suffered a grilling over executive pay at its AGM, but a shareholder revolt over the issue failed to materialise.
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NewsTesco's Lewis hails 'significantly lower' inflation
Tesco boss Dave Lewis has hailed the work of the grocer and its suppliers in keeping a lid on inflation, despite currency headwinds.
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NewsH&M sales rise but fail to match growth forecasts
H&M has posted rising global sales but failed to achieve the level of growth expected by analysts.
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News
Tesco unveils another quarter of like-for-like growth
Tesco has revealed rising like-for-likes in its first quarter of the year, making this the sixth consecutive quarter of like-for-like growth under boss Dave Lewis.
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NewsToday in retail: A not so strong and stable sector
A DFS profit warning and gloomy ONS retail sales rocked the industry today, highlighting that prolonged uncertainty is a genuine cause for concern.
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NewsDFS boss: We've clearly not been immune to uncertainty
DFS chief executive Ian Filby told Retail Week that today’s profit warning was the result of external factors and would not impact the retailer’s investment plans.
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NewsQuiz plans float as JD boss Cowgill appointed chairman
Fast fashion retailer Quiz has unveiled plans for a stock market listing on AIM next month to fuel its rapid expansion.
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NewsDFS issues profit warning as consumer uncertainty bites
DFS has said its full-year profits will be below market expectations as uncertainty triggered by the general election has hurt sales.
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NewsInditex profits and sales surge in its first quarter
Zara owner Inditex has posted a leap in first-quarter profits driven by soaring sales as the fast-fashion giant eyes international online expansion.
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NewsMajestic swings to pre-tax loss despite sales rise
Majestic Wine reported a full-year pre-tax loss, which boss Rowan Gormley attributed to the “most risky and cost intensive” phase of the retailer’s transformation plan.
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NewsToday in retail: Dark times for BrightHouse
BrightHouse’s problems were laid bare today when the rent-to-buy business posted an eye-watering slump in profitability.
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AnalysisSeven ways to navigate post-election uncertainty
As the retail sector’s current state of uncertainty looks set to continue, we identify seven things retailers can do to successfully navigate it.
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NewsBrightHouse profits slump as affordability checks bite
BrightHouse has suffered a steep drop in full-year profits after new regulations surrounding its business model impacted earnings.
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NewsHamleys’ chief financial officer Dunn to step down
Hamleys’ veteran finance chief Alasdair Dunn is to leave the toy retailer after 10 years in charge.
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NewsWHSmith travel stores drive sales advance
WHSmith has posted a rise in sales and expects to meet full-year profit expectations.
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NewsToday in retail: Retailers with staying power
With great power comes great responsibility – just ask the likes of Jeff Bezos, Seb James, Dave Lewis and Mike Coupe.
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NewsBHS: Retail Acquisitions’ liquidators appointed
Liquidators have been appointed to Retail Acquisitions, the consortium that owned BHS at the time that the retailer entered administration.