All City & finance articles – Page 340
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NewsColes' profit growth dips again as it seeks to avoid mistakes of UK grocers
Australian grocer Coles’ first-half profit growth has halved to 7.1% compared to the same period two years ago as it seeks to avoid mistakes made by UK grocers.
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NewsDFS valued at £585m as it sets share price range ahead of float
DFS has set a price range of 245p to 310p per share, which will value it at around £585m when it floats on the stock exchange next month.
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NewsNew Look aims for £2bn floatation as it hires JP Morgan
New Look is planning a stock market flotation that could value the UK’s second largest fashion retailer at as much as £2bn.
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NewsPrimark expects 16% jump in half-year sales after European expansion
Half-year sales at fashion retailer Primark are expected to jump 16% at constant currency rates, driven by its European expansion.
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NewsLush like-for-likes jump 9.1% after global expansion into emerging markets
Lush has reported like-for-like sales jumped 9.1% in 2014 after expanding into emerging markets around the world.
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NewsInfographic: Valentine’s Day drives sales at John Lewis
Beauty, lingerie, flowers and bubbles drove sales at John Lewis Partnership’s stores as shoppers spent their cash on loved ones for Valentine’s Day.
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NewsAsda full-year like-for-likes fall for the first time in six years
Asda like-for-like sales fell 1% in 2014, the first time in six years that the supermarket giant’s full year like-for-likes have dropped.
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OpinionNick Bubb’s verdict: Sports Direct - smoothing over the cracks?
Ahead of today’s update, the City worried that cracks were appearing in Sports Direct’s edifice, but they have been smoothed over.
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NewsSports Direct sales growth slows after 'weak winter' across Europe
Sports Direct experienced slowing sales growth over its Christmas quarter following a weak winter sports season for its European stores.
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NewsBreakfast Briefing: Retail news on local grocers, USC collapse, Burberry and more
Retail news round-up on February 19, 2015: Shoppers ditch supermarkets for local grocers, parliament summons Sports Direct owner Mike Ashley, Eve eyes £1m turnover and more.
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AnalysisVideo: Cantor Fitzgerald's Mike Dennis - is John Allan the right chair for Tesco?
Cantor Fitzgerald food analyst Mike Dennis asks whether John Allan knows the grocery retail sector well enough.
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NewsPandora boss Allan Leighton receives £3.4m payout ahead of mooted Co-op move
Pandora’s Allan Leighton is set to receive DKr34m (£3.4m) from the Danish jewellery retailer before he steps down as chief executive in March.
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NewsJewellery retailer Pandora reports strong global growth
Jewellery retailer Pandora recorded a 39.5% increase in net profit in 2014, driven by the broadening of its portfolio of products.
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OpinionComment: A year and counting… when will Sports Direct hire a finance director?
Sports Direct gets curiouser and curiouser and it is surely time the lack a finance director is addressed at the retailer.
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NewsBreakfast Briefing: Retail news on Amazon, Tesco and business rates
Retail news round-up on February 17, 2015: Amazon shoppers hit by website outages, Tesco pays £20,000 community fund, Hammerson calls for fairer business rates and more.
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NewsModa Operandi raises $60m in latest investment round
Luxury ecommerce site Moda Operandi has pulled in $60m (£39m) of funding, with the US etailer plotting to bolster its presence overseas.
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NewsBreakfast briefing: Retail news on Tesco, Morrisons, Apple and Foyles
Retail news round-up on February 16, 2015:Tesco could shed 10,000 positions as Archie Norman enters chairman race, Morrisons reduces prices on grocery products, Apple secretly working on electric car project
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NewsFoyles reports full-year loss after property overhaul write-offs
Foyles has recorded an operating loss of £600,000 for the year following write-offs including relocating its flagship store.
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NewsProperty owners call for reform of administration fees system
Landlords who lost out when HMV hit the buffers have attacked the way administrators and advisers make money when businesses hit the wall.
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NewsBreakfast briefing: Retail news on Morrisons, Wiggle, footfall and Ocado
Retail news round-up on February 13, 2015: ex-Morrisons chairman blasts Sir Ken over Philips’ exit, Wiggle refreshes brand identity, high street footfall declines in January and Ocado fonder lines up share bonuses £26m