All City & finance articles – Page 493
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OpinionComet follows a new path
Kesa has been proving more popular of late, thanks in part to stakebuilding by activist investor Knight Vinke and Comet’s project to differentiate and broaden its appeal
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NewsSports Direct impresses as profits and sales soar
Sports Direct delivered strong profits in its first quarter helped by a good performance during the World Cup, despite the very disappointing showing from the England team.
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NewsEncouraging signs for general retailers
General retailers were up again over the week, outpacing their food peers and just about keeping pace with the All-Share Index. They are still down over the year, though.
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NewsStrong profits predicted for Next
Broker UBS retained its buy stance on Next ahead of interim results expected next week.
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NewsShareholders approve Dixons name change
DSG International will revert to being called Dixons Retail after shareholders approved the plans at the electricals group’s AGM today.
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NewsStrong first quarter for Sports Direct
Sports Direct had a strong first quarter despite a poor performance from the England team in the football World Cup with sales up 8.8% to £408m in the 13 weeks to July 25.
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News
New Poundworld stores help sales to rocket 40%
Poundworld, the Yorkshire-based single-price retailer, reported a 40% surge in sales in its last financial year owing to new store openings and the VAT reduction.
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NewsOcado shares up by 5% ahead of update
General store stocks improved compared with their recent weak showing but the sector remains well down over the year in comparison with food groups and the All-Share index.
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OpinionTime for Argos to help itself
What has almost 1,000 pages and sells everything from air beds to yoga mats? It’s not Argos’s latest big book, but Tesco’s.
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OpinionTough times will sort men from the boys
There will doubtless be the usual gloomy predictions, but Christmas will be OK because Christmas always is.
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NewsHome Retail and Game expected FTSE casualties
Home Retail Group and Game are likely to lose status next week when the FTSE index undergoes one of its regular recalculations.
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.
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NewsPromotions at a high as Co-op profits rise
About 40% of products on Co-operative Group’s food stores are on promotion at present - the highest level in recent times.
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NewsSound results predicted at Debenhams
Debenhams is expected to deliver a robust performance when it updates the City with its pre-close interim management statement on September 14.
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AnalysisNavigating the retail minefield
Halfords isn’t the first retailer to struggle to come to terms with a new warehouse, but supply chain is just one area where retailers come unstuck. Here, we highlight the most common problem areas
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NewsWorld Cup boosts Dixons sales
Electricals group Dixons Retail, owner of the Currys and PC World chains, has reported a good start to the year helped by the World Cup and demand for iPads.
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NewsMountain Warehouse deal values store group at £50m
Private equity firm LDC acquires stake in fast-growing outdoor gear specialist
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NewsDwell secures £5m funding to aid expansion plans
Furniture retailer Dwell has secured £5m in private equity investment from Key Capital Partners to aid expansion plans.
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NewsAppetite for grocers up despite FTSE 100 woes
As the FTSE 100 took a hit on renewed fears of a double-dip recession, investor appetite for food retailers was keener than for general merchandise groups.
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OpinionMy advice to Sir Philip Green
Taking the axe to public servants who hold back retailers would be a good start