All City & finance articles – Page 364
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NewsMike Ashley's Sports Direct places new bet on Debenhams
Mike Ashley’s Sports Direct has disposed of its 4.6% stake in Debenhams but has entered into a put option for a further 6.1% share.
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OpinionComment: If Morrisons can win shopper loyalty it can win over investors
Morrisons suffered another sharp fall on like-for-like sales at its stores over the past quarter to November 2, when sales fell 6.3%.
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NewsGo Outdoors reports increase in full-year sales and earnings
Specialist retailer Go Outdoors has reported an increase in sales and earnings after making a range of improvements to the business.
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NewsHalfords sales and profits rise in first half as retail strategy kicks in
Halfords’ profit before tax and non-recurring items increased 10.8% to £49.4m in the first half as its retail strategy bore fruit.
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NewsMorrisons 'encouraged by progress' despite 6.3% like-for-like fall
Morrisons’ like-for-likes excluding petrol slumped 6.3% in the 13 weeks to November 2 and total sales excluding fuel were down by 3.6%.
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AnalysisIn the news: John Lewis’s marketing director Craig Inglis profiled
The man responsible for John Lewis’s Christmas campaign had to fight scepticism of marketing at the department store group.
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AnalysisInfographic: Marks & Spencer first half results beat expectations
Marks & Spencer posted better than expected first-half results despite unseasonably warm weather taking a toll on sales at its pivotal clothing division.
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OpinionComment: What do M&S’s results mean for CEO Marc Bolland?
A year ago the Marks & Spencer interims on November 5 were a damp squib, but today the shares have taken off like a rocket.
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NewsMarks & Spencer's first half results: What the analysts say
Marks & Spencer beat expectations as underlying pre-tax profits rose 2.3% to £268m in its first half. Retail Week takes a look at the City’s reactions.
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OpinionComment: As profits rise, M&S may at last be moving in the right direction
There’s not much in retail that’s worse than a minus in front of a sales or profit figure but M&S looks as if it’s going the right way.
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NewsMarks & Spencer first-half results beat expectations
Marks & Spencer has posted better than expected first-half results despite warm autumn weather taking a toll on sales at its pivotal clothing division.
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OpinionComment: What to expect from Sainsbury’s strategic review
Hot on the heels of Netto’s touchdown again in the UK Sainsbury’s, a joint venture partner of the Danish discounter, will update next week.
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NewsPrimark reports profits up 30% and sales growth of 17%
Value fashion chain Primark has reported adjusted operating profit up 30% at constant currencies to £662m and a sales increase of 17%.
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NewsWiggle sales and profits soar following 'fast growth' in Europe
Online cycling retailer Wiggle has recorded a jump in annual sales and profits driven by fast growth across Europe and strong UK performance.
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NewsSelfridges profits hit record £150m on the back of surging sales
Selfridges has revealed record operating profits on the back of surging sales following rapid growth of its international online business.
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NewsIkea sales jump 11.3% as it prepares biggest ever investment in price cuts
Ikea has increased annual sales by 11.3% and unveiled plans for its largest investment into lowering prices.
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NewsTesco eyes partial sale of banking arm as part of £1bn flotation
Tesco is considering the sale of a stake of its banking arm to raise money as it battles to turnaround the business after an accounting scandal.
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NewsPaperchase increases pre-tax profits and turnover as it prepares for sale
Paperchase has increased pre-tax profits for the year to £741,000 on the back of improving turnover as it gears up for a sale.
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AnalysisAnalysis: Best of a bad bunch? Morrisons trumps Tesco according to Moody’s
Tesco and Morrisons are both battling to turn themselves around in the face of an extraordinary structural shift in grocery.
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NewsSuperGroup latest fashion retailer to warn on profits amid warm autumn
SuperGroup has become the latest fashion retailer to issue a profit warning after the unseasonably warm weather in September and October.