All City & finance articles – Page 304
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NewsSainsbury's handed extension in battle for Argos owner Home Retail
Sainsbury’s has been granted an extension to its looming deadline to table a firm bid for Home Retail Group, which owns Argos.
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NewsWhole Foods swings to profit in UK but warns of future 'uncertainties'
Whole Foods has swung to full-year profit but warned of “uncertainties” surrounding its future growth prospects in the UK.
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NewsSainsbury's to seek extension from Takeover Panel in Home Retail bid
Sainsbury’s is poised to ask for an extension to tomorrow’s cutoff to make a bid for Home Retail Group, following Steinhoff’s rival offer.
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AnalysisPrimark trading picks up following tough Christmas: What the analysts say
Primark sales are expected to grow by 4% in the first half with stabilised like-for-likes, ABF has reported. Here’s the City’s reaction.
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OpinionOpinion: Argos bid interest shows the retailer still remains relevant
Steinhoff’s bid to acquire Argos demonstrates the strength of the general merchandise retailer, despite its recent trading troubles.
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DataData: Retail share price index – February 19, 2016
February 19, 2016: This week’s data on the biggest risers and fallers plus a comprehensive list of share price results in the retail sector.
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NewsNordstrom fourth-quarter profits dented following heavy discounting
Nordstrom has suffered a steep drop in fourth-quarter profits after heavy discounting took its toll on the US retailer’s bottom line.
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AnalysisAnalysis: Walmart's US momentum can be replicated overseas
Walmart described its fourth quarter performance as “solid”, reflecting its momentum in the US, while overseas provided more of a headache.
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AnalysisSteinhoff joins Sainsbury's in race for Argos: What the analysts say
Steinhoff has made a cash bid to rival Sainsbury’s efforts to acquire Argos owner Home Retail Group. This is what the analysts said.
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OpinionOpinion: Why 2016 will be a make-or-break year for Andy Clarke at Asda
Given that Asda was about to unveil the worst quarterly sales performance in its history, boss Andy Clarke was remarkably positive.
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NewsJoules looks poised for £150m stock market listing this spring
Joules, the fashion retailer famous for its colourful clothes, is eyeing an IPO that could value the business at about £150m.
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NewsPrimark rebounds after tough Christmas as sales increase
Sales at value giant Primark are expected to be 7.5% up on last year in the first half, despite a challenging Christmas.
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NewsSainsbury’s chiefs consider options over bid for Argos
Sainsbury’s bosses led by chief executive Mike Coupe are considering how to proceed ahead of a deadline tomorrow to table an offer for Argos.
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NewsSteinhoff joins battle with Sainsbury's for control of Argos with £1.4bn offer
South African retailer Steinhoff has thrown its hat into the ring for control of Argos after making a higher offer for the business than is on the table from rival suitor Sainsbury’s.
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VideoThe Retail Week: Asda fourth-quarter results and Morrisons clashes with Aldi
The Retail Week team is joined by TCC Global analyst Bryan Roberts to discuss the top stories from across the industry this week.
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VideoWatch: Asda boss Andy Clarke on 'disappointing' fourth-quarter sales
Asda boss Andy Clarke talks fourth-quarter sales, its tie-up with Decathlon and what the grocer has in common with the England rugby team.
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NewsAsda boss Clarke: Tesco's Christmas recovery 'surprised us all'
Asda boss Andy Clarke has blamed the embattled grocer’s fourth quarter sales slump on a Tesco recovery, which he admitted “surprised us all”.
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NewsAsda reports 5.8% slump in fourth-quarter like-for-likes
Asda has posted a 5.8% drop in fourth-quarter like-for-likes as the Walmart-owned chain remains under pressure amid the grocery price war.
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NewsCity speculates that Tesco takeover of Morrisons could be on the cards
There has been City speculation that grocery market leader Tesco could be eyeing a bid for rival Morrisons.
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NewsAt a glance: SocialNAT, the online eSports platform acquired by Game
Game has acquired Spanish online eSports platform SocialNAT. Retail Week takes a closer look at the retailer’s latest investment.