All City & finance articles – Page 377
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NewsPets at Home like-for-likes jump 4.1% on back of growing loyalty scheme
Pets at Home like-for-likes have grown by 4.1% in its first quarter after building on momentum created by its VIP Club loyalty programme.
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NewsWickes sales and profits increase in first half
Travis Perkins’ consumer arm, largely comprising of Wickes, has posted rising sales in its first half, with “solid growth” expected for the year.
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NewsAnalysis: New Morrisons chairman Andy Higginson's 'to do' list
Incoming Morrisons chairman Andy Higginson has a big task on his hands at the grocer. Retail Week looks at what his priorities might be.
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OpinionComment: Morrisons pulls off a coup by drafting in Andy Higginson
Andy Higginson’s appointment as chairman of Morrisons makes him the first of Tesco’s golden generation of leaders to take up cudgels at one of his alma mater’s direct competitors.
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AnalysisIn the news: Debenhams incoming chief financial officer Matt Smith profiled
Mothercare’s Matt Smith was given one of the top jobs in retail finance over the weekend when he was unveiled as the new chief financial officer of Debenhams.
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NewsCarpetright records quarterly sales growth up 5.2%
Carpet and floor coverings specialist Carpetright has posted total sales up 5.2% in the 13 weeks to July 26.
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NewsNext raises full-year profit guidance for second time this year
Next has increased its full-year expectations for the second time this year, following a bumper first half as it hits the expansion trail for its home format.
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NewsMorrisons appoints retail heavyweight Andrew Higginson as its new chairman
Morrisons has hired retail heavyweight and former Tesco finance director Andrew Higginson as its new chairman, as he steps down from Poundland.
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NewsBreakfast briefing: Retail news on Morrisons, Next and Carpetright
Retail news round-up on July 29, 2014: Poundland appoints former Carpetright boss Darren Shapland as its chairman, Next raises full-year profit guidance for second time and Carpetright posts 5.2% sales jump
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NewsB&M reports first-quarter like-for-like sales rise of 6%
Newly floated value retailer B&M has posted strong first-quarter sales growth and said that full-year guidance is in line with expectations.
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NewsMothercare finance boss Matt Smith to leave for Debenhams
Department group Debenhams has named Matt Smith as chief financial officer.
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NewsBreakfast briefing: Retail news on Home Retail Group, Morrisons and 'supermarket tax'
Retail news round-up on July 28, 2014: Home Retail considers Homebase disposal, retailers attack ‘supermarket tax’ proposal, Leighton and Norman in frame for Morrisons chairmanship
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AnalysisAnalysis: Is it time for Amazon to focus on making money?
Amazon’s shares fell 10% last night, following news of its second quarter loss. Retail Week asks if it is time for Amazon to start focusing on profits?
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NewsMothercare chief financial officer Matt Smith resigns
Mothercare chief financial officer Matt Smith has resigned from his role at the maternity retailer.
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NewsAmazon loses £9.4bn in value as it posts £74.2m second-quarter loss
More than $16bn (£9.4bn) was wiped off the value of Amazon last night as it posted a net loss of $126m (£74.2m) in the three months to June 30.
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NewsBreakfast briefing: Retail news on Amazon and Comet
Retail news round-up on July 25, 2014: Amazon quarterly loss widened to £74m in its second quarter and Vince Cable to reveal Comet’s administrators face a probe by the accounting watchdog.
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CartoonBlower’s retail cartoon: Dave Lewis takes on Tesco’s clean-up
Retail Week’s cartoonist Patrick Blower’s take on Dave Lewis stepping into Philip Clarke’s shoes as Tesco’s new chief executive.
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NewsKingfisher sales dip in second quarter after slowdown in France and Poland
DIY giant Kingfisher has reported a 1.8% drop in like-for-like sales in its second quarter after a slowdown in trading in France and Poland.
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OpinionComment: Tesco’s new chief executive Dave Lewis has to rebuild the retailer’s brand
Tesco’s new chief executive Dave Lewis will need to bring to an understanding of how to reconnect customers with the retailer’s brand.
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OpinionComment: Philip Clarke leaves Tesco in unhappy 40th year at the grocer
Dave Lewis will replace Philip Clarke at Tesco this October after the firm registered its worst trading performance in forty years.