All City & finance articles – Page 456
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NewsConfidence high in WHSmith performance
Analysts were pleased by a better than expected third quarter performance from WHSmith, despite a 4% fall in group like-for-likes.
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OpinionFrom crisis comes opportunity
The retail collapses of the past few weeks were sad news for those losing their jobs, but the focus on failure meant the bigger picture was obscured: crisis for one means opportunity for others, and good quoted retailers are seizing it.
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NewsGeneral retail cheer despite torrid trading
As the general market slid on renewed Eurozone crisis fears, retailers outperformed, although they were still down in the week leading up to Wednesday’s raft of updates.
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NewsSoaring profits and sales put SuperGroup back on track
An improvement in recent trading at SuperGroup, owner of the Superdry brand, reassured the City that the business still has legs.
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NewsPrimark reports strong growth in sales, but margins fall
Primark has defied the downturn in the fashion market to post strong growth in total sales.
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NewsTopps Tiles sales dip in third quarter
Topps Tiles like-for-likes declined 1.9% in the 13 weeks ended July 2.
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NewsJJB makes "good progress" in its turnaround plan
JJB is making “good progress” in its turnaround as sales in the 22 weeks to July 3 met its expectations.
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NewsTheo Fennell eyes international expansion as its pre-tax losses grow
Luxury jeweller Theo Fennell is eyeing international expansion as its pre-tax losses grow
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NewsSteady profits rise for Jacques Vert
AIM-listed womenswear retailer Jacques Vert managed a 3.1% increase in full-year pre-tax profits to £5.3m despite turbulent trading conditions.
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NewsTechnology products key as HMV sets sights on recovery
Analysts remained bearish on HMV after the entertainment group revealed full-year profits had slumped and set out recovery plans
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OpinionM&S cruising?
Marks & Spencer’s army of private shareholders will descend on the Royal Festival Hall on Wednesday for the usual beanfeast.
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NewsRetail climbs but fails to match the market
Food and general retailers alike climbed over the week but failed to match the rise clocked up by the market overall.
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News20 stores a day shut by multiples, report says
Multiple retailers closed 20 stores a day on average between January and May as they slashed costs amid punishing trading conditions.
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NewsAlexon explores new financing options as like-for-likes remain flat
Fashion group Alexon’s like-for-likes have remained flat and it is exploring new financing options to invest in turnaround.
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NewsWH Smith sales fall, but margins up
WH Smith has reported a 4% fall in like-for-like sales in the 18 weeks to 2 July.
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NewsMothercare under fire over executive pay
Maternity retailer Mothercare has been lambasted by an activist shareholder for the “highly excessive” incentive payments awarded to its senior directors.
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NewsKnight Vinke: no objection to sale of Comet
Activist investor Knight Vinke has said it has no objection to Kesa selling its UK electrical chain Comet.
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NewsKnight Vinke urges Comet demerger rather than sale
Knight Vinke, the activist investors with a 20% stake in Kesa, has urged the electricals group not to sell UK chain Comet.
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NewsNext nets £65m as it sells its customer service business Ventura
Fashion chain Next has sold its third party customer service business Ventura to support services company Capita for £65m.
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OpinionTesco shines in central Europe
As headlines here were dominated by retailer collapses such as Habitat and Homeform, Tesco was reminding the City of its international counterweight to the troubled UK market.