All City & finance articles – Page 360
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NewsB&M group in talks to acquire stores from six retailers
B&M is in talks to acquire stores from six retailers including a supermarket, as the group embarks on plans to become a ‘national retailer’.
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AnalysisIn the news: Marks & Spencer's new finance boss Helen Weir
M&S has gone shopping at John Lewis, picking up the Partnership’s finance boss Helen Weir to replace Alan Stewart who decamped to Tesco.
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OpinionComment: From banking to bras – why Helen Weir is right hire for M&S
Helen Weir may have been among banking group Lloyds’ top brass in the run-up to the financial crash but her appointment at M&S is welcome.
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NewsB&M sales and EBITDA jump after Jawoll acquisition and store expansion
B&M European Value Retail recorded a rise in EBITDA and revenue in its first half as expansion continued and it bedded in newly acquired Jawoll.
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NewsMarks & Spencer poaches John Lewis finance chief Helen Weir
Marks & Spencer has appointed John Lewis Partnership financial chief Helen Weir as its new chief financial officer.
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NewsScS eyes return to stock market six years after administration
Furniture retailer ScS has appointed bankers Investec as it eyes a potential return to the stock market six years after collapsing into administration.
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AnalysisMajestic's half-year results: What the analysts say
Sales at Majestic Wine increased 2.8% to £133.8m for the first half of the year, although profits slipped as the retailer invested.
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OpinionComment: Investing in retail is increasingly about technology investment
Virtually every list of tech start–ups includes a high proportion of enterprises aimed at the retail sector, mobile or ecommerce.
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NewsMajestic Wine sees sales rise but profits fall during first half
Majestic Wine Warehouse has reported a rise in sales but a fall in profits as it invested in infrastructure, technology and consumer insights.
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NewsMountain Warehouse reports 65% surge in first-half profits
Outdoor goods specialist Mountain Warehouse has revealed record first-half results and is expanding in the UK and overseas.
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NewsEntertainment group Game outperforms market as sales rise 17%
Game’s sales in its first quarter surged by 17% year on year as it grew faster than the games market generally.
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NewsTed Baker beats unseasonable weather to post steep sales rise
Fashion retailer Ted Baker has posted a 15.7% increase in group sales as it continued expanding the business internationally.
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OpinionBryan Roberts: Sainsbury's new strategic plan is a tipping point for UK grocery
A very overused cliché, but today might come to be seen as a tipping point in the evolution of the UK grocery sector.
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NewsWHSmith reports flat sales as travel division like-for-likes edge up
WHSmith has recorded an increase in sales at its travel division as it posts flat total group sales for the start of its financial year.
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AnalysisSainsbury's strategic review: What the analysts say
Sainsbury’s has made public the findings of new boss Mike Coupe’s strategic review and the City is digesting the implications.
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NewsBargain Booze to launch in Scotland as group like-for-likes slip
Bargain Booze owner Conviviality Retail has unveiled plans to expand into Scotland.
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NewsVideo: Sainsbury’s boss says death of superstore ‘grossly exaggerated’
Sainsbury’s boss Mike Coupe says the “death of the superstore is grossly exaggerated” despite stating a quarter of its stores have too much space.
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NewsCard Factory reports sales up almost 9% and appoints property director
Card Factory has reported a sales rise of 8.7% over a nine-month period and has named Tim Lloyd property director.
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NewsSainsbury's reports interim profits down 6% as it unveils fightback plan
Sainsbury’s has reported falling first half profits and unveiled plans to invest in price and quality to fight back in the new era of grocery retailing.
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NewsThe Range pre-tax profits jump 30% as it rolls out new stores
The Range increased annual pre-tax profits by 30% year on year on the back of opening new stores while maintaining fixed cost levels.