All City & finance articles – Page 482
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NewsFocus brings in Lazard as owner considers its options
Focus DIY’s owners have hired bank Lazard to consider options that could lead to a sale of the home improvement chain.
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News
Shore Capital hires new retail analyst
Broker Shore Capital Markets has hired a new retail analyst.
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NewsOcado rises on expansion prospects
Ocado shares rose at the start of the week when the home shopping group, which sells Waitrose groceries as well as other brands, said it could cater for 1.5 million more potential customers by expanding delivery to the Southwest of England and South Wales.
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NewsRetail fears ebb but long-term risk stays
Fears for the retail industry because of the Government’s spending review seem to have been assuaged.
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NewsDebenhams sticks to its guns over Christmas promotions
Debenhams will stick to its traditional promotional stance this Christmas, a strategy that it says is misunderstood by some observers.
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NewsPhase Eight profits leap as changes bring flexibility
Womenswear chain Phase Eight more than doubled profits last year, after increasing its open to buy budget and focusing on refining its customer base.
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NewsBooths to boost sales with new own-brand
Booths, the grocer based in the Northwest of England, has revealed a 1.3% uplift in pre-tax profits to £7.6m as it launches a new own-brand to appeal to customers seeking value.
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NewsShake-up for Peacocks as bidders circle
Peacocks has shaken up its management team as private equity houses circle the retailer.
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OpinionToo soon to see Best Buy’s impact
Aside from Next, the big update next week will come from Carphone Warehouse which posts interim results on Friday.
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NewsCarpetright sales fall 7.3% in ‘difficult’ market
Carpetright disappointed the City with its second-quarter update on Wednesday. The floorcoverings market leader suffered from unsettled consumer confidence and lower mortgage approvals.
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NewsGo Outdoors triples profit to £4.3m and rejigs management
Outdoor specialist Go Outdoors’ pre-tax profits more than tripled from £1.2m to £4.3m in the year to January 3 and the retailer has rejigged management roles.
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NewsFlying Brands sales grow 12% despite setbacks
Home shopping group Flying Brands reported sales from its ongoing business rose 12% to £5.6m in the three months to October 1.
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NewsGo Outdoors emerges as bidder for Blacks
Privately-owned specialist retailer Go Outdoors has emerged as a bidder for Blacks, Retail Week has learned.
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NewsPrivate equity bids in for Office
PAI Partners, the private equity firm behind Spanish fashion retail giant Cortefiel, and T J Hughes investor Silverfleet Capital, have thrown their hats in the ring to buy footwear retailer Office, Retail Week can reveal.
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OpinionFunding is out there, but only for the best deals
Funding is out there for deals involving large retailers with dominant market positions, but is still harder to come by for smaller deals and distressed situations, the World Retail Congress heard this morning.
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NewsPhones 4U considers refinancing as alternative to sale
The owners of Phones4u are considering refinancing the business as an alternative to selling it, it is understood.
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NewsCarpetright UK & Ireland like-for-likes drop 7.3%
Floorings specialist Carpetright group sales dropped 5.2% in the 12 weeks to October 23, with the retailer saying it expects tough trading conditions to continue into 2011.
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NewsPark Group expands into eurozone
Christmas hampers and vouchers specialist Park Group is expanding internationally.
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NewsStaples UK cuts costs and returns to profit
Stationer Staples UK has bounced back into the black, posting a pre-tax profit of £6.2m compared with a loss of £8.6m the year before.
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OpinionRetail surgery: We are largely reliant on consumers’ discretionary spend. How should we tackle continued muted consumer sentiment?
We are largely reliant on consumers’ discretionary spend. How should we tackle continued muted consumer sentiment?