All City & finance articles – Page 381
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NewsVideo: Tesco chief executive Philip Clarke on the grocer's full-year profits fall
Tesco reported a fall in full-year profits today. Here, chief executive Philip Clarke talks about the results.
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NewsTesco profits fall as trading environment changes 'more rapidly than ever'
Tesco’s group trading profit plunged 6% to £3.3bn last year and boss Philip Clarke warned that the trading environment is changing rapidly.
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OpinionComment: The UK needs to engage with significant parts of the EU agenda
With the European Parliamentary elections looming, it is important to realise the value of Britain’s involvement in EU policy decisions.
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AnalysisDebenhams half-year figures: What the analysts say
A flurry of promotions hit Debenhams’ half year results, with the department store group reporting a 24.5% fall in pre tax profit. Retail Week rounds up what the analysts are saying.
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OpinionComment: Action not words is needed to save the Co-operative
The civil war at the Co-op is a tragedy, many believe. Perhaps a better word would be disgrace.
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NewsDebenhams revises promotional strategy as profits tumble
Debenhams is revising its promotional strategy as first-half profits plunged owing to excessive discounting and weakness in its multichannel offer.
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NewsJD Sports full-year profits soar 27.3% driven by growth in core fascias
JD Sports full-year profit before tax and exceptional items surged 27.3% to £77m powered by growth at the retailer’s core JD fascia.
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AnalysisAnalysis: Who is House of Fraser's new owner Sanpower?
Chinese Sanpower has acquired an 89% stake in House of Fraser, valuing it at £480m. Retail-Week.com takes a look at the story behind Sanpower.
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OpinionComment: Marks & Spencer should continue to show transparency in its updates
Under-pressure Marks & Spencer chief executive Marc Bolland offered a glimmer of hope in last week’s trading update. In what was a break from tradition, the retailer split out its clothing sales from the wider general merchandise performance.
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NewsFrench Connection like-for-likes up 11% as turnaround gains traction
French Connection UK and Europe like-for-like sales jumped 11% in the fashion retailer’s first half.
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NewsTesco investors line up potential successors to boss Philip Clarke
Tesco investors have lined up potential successors to boss Philip Clarke, naming Monsoon Accessorize boss John Browett as one possibility.
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OpinionComment: The Co-operative Group needs to tame its unwieldy nature
Last week the Co-operative Group came under the spotlight again as Lord Myners, the man brought in to reform the businesses, resigned.
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NewsBonmarché sales driven by product and customer service improvements
Bonmarché recorded a strong sales uplift, despite the wet weather at the beginning of the year, as a result of improvements across product and customer service.
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NewsNext chief executive Lord Wolfson takes home £4.65m
Next chief executive Lord Wolfson took home £4.65m including a £3.6m bonus in the fashion retailer’s last financial year.
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NewsKurt Geiger eyes UK growth as it completes management buyout
Kurt Geiger is targeting UK growth after completing a management buyout and splitting from its owner The Jones Group.
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NewsBonmarché full-year sales jump driven by online surge
Bonmarché like-for-likes rose 10.4% in its full-year to March 29 as it revealed its financial performance is expected to be ahead of expectations.
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NewsMothercare aims for more exclusives as finance director rules out move to chief executive role
Mothercare aims to woo shoppers with more exclusive products and finance director Matt Smith has ruled himself out from the race to become chief executive.
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OpinionComment: Little sign that M&S general merchandise can match food excellence
Marks & Spencer set out a new framework for apparel last year, built around a quality charter for customers, but has it worked?
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NewsM&S Collection's success shows clothing moving in right direction, Bolland says
Fashion improvements and in-store changes helped Marks & Spencer post an increase in clothing like-for-likes in the fourth quarter, chief executive Marc Bolland maintained.
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NewsAo.com unveils 40% growth in full year sales
Ao.com has confirmed that it finished its year to March 31 in line with market expectations with unaudited sales growth of 40%.