All City & finance articles – Page 357
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OpinionComment: Ohlsson can bring some Ikea magic to troubled Tesco
Former Ikea boss Mikael Ohlsson is swapping flat-pack furniture for the fruit and veg aisle, as a newly appointed non-exec director of troubled grocer Tesco.
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NewsFifth Tesco executive suspended as TPG eyes £2bn Dunnhumby bid
TPG is eyeing a £2bn bid for Tesco’s data business, Dunnhumby, as a fifth executive is suspended over the grocer’s £250m profit overstatement.
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AnalysisIn the news: Tesco non-execs Richard Cousins and Mikael Ohlsson profiled
Tesco has brought in two new non executive directors to help steady the ship. Retail Week takes a closer look at their careers to discover what they will bring to the beleaguered grocer.
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NewsTed Baker expands into taller and cycling ranges as it eyes further brand extension
Ted Baker has expanded into taller ranges and cycling clothes as boss Ray Kelvin said there is potential to extend its brand further.
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NewsDunelm like-for-likes jump 8.9% helped by weak comparatives
Homewares retailer Dunelm’s like-for-likes jumped 8.9% in its first quarter helped by weak comparatives during last year’s heatwave.
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NewsSports Direct ups stake in Debenhams to 11.2% as its rolls out concessions
Mike Ashley’s Sports Direct has upped its stake in Debenhams by a further 4.6%, just days after it put a £43m bet on Tesco.
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CartoonBlower’s retail cartoon: HMV celebrates return to profitability
Retail Week’s cartoonist Patrick Blower’s take on HMV’s return to profitability after falling into administration in 2013.
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OpinionComment: Retailers priorities as the 2015 general election approaches
In the eight months leading up to the 2015 general election, what should political parties be prioritising for the UK retail sector?
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NewsBillionaire investor Warren Buffett said investing in Tesco was a 'mistake'
Billionaire investor Warren Buffett has said that investing in Tesco was a “huge mistake” after shares slup 45%.
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AnalysisTed Baker interim results: what the analysts say
Ted Baker posted a strong first-half performance. Here analysts highlight the most important points from the fashion group’s update.
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NewsFurniture Village swings back to pre-tax profit after realigning margins
Furniture Village has swung to a pre-tax profit of £1.6m for the year following a loss last year, on the back of improving margins.
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NewsTed Baker half-year profits jump 24.2% as ecommerce sales surge
Ted Baker’s half-year profits have jumped by 24.2% and ecommerce sales at the fashion retailer have surged by almost 50%.
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AnalysisEmerging retailer: $1bn personalised women’s apparel etailer JustFab
It seems a little incongruous to call JustFab an emerging retailer. The US ecommerce site expects to turnover $500 million in 2015, is eyeing an IPO, is valued at $1bn and already operates in seven countries.
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AnalysisSainsbury's second quarter: What the analysts say
Sainsbury’s has revealed a 2.8% drop in like-for-like sales in its first trading update under new chief executive Mike Coupe. Retail Week takes a look at what the analysts say.
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NewsFindel to report first H1 profit in six years as it considers Kitbag sale
Findel is set to report a profit before tax in the first half of its year for the first time in six years and is considering selling off its Kitbag business.
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NewsZalando valued at £3.8bn as it floats on Frankfurt stock exchange
Zalando, Europe’s biggest fashion etailer, has listed on the Frankfurt stock exchange today with a value of €4.9bn (£3.8bn).
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NewsSainsbury's reports Q2 like-for-likes down 2.8% and warns on second half
Sainsbury’s has reported like-for-like sales excluding petrol down 2.8% for its second quarter, as boss Mike Coupe warns the second half is likely to be as tough.
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OpinionComment: Next’s buying changes probably insulated it from September’s heat
The North wind won’t blow. And never mind snow, there’s barely a sign of autumnal crispness in the air. It’s tough for fashion retailers.
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NewsTesco lines up £2.5bn war chest to protect it from ratings downgrades
Tesco has secured a £2.5bn revolving credit facility to protect it against the impact of possible ratings downgrades, following last week’s profits crisis.
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NewsAo.com to launch first overseas website in Germany tomorrow
Electrical appliances etailer Ao.com is poised to launch overseas for the first time with its German website tomorrow (October 1).