All City & finance articles – Page 494
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OpinionWill Ocado’s IPO bubble burst?
The great dotcom bubble was based on ‘get large or get lost’, start-ups buying market share to get growth and then IPO-ing even if they had never made a profit. So is history repeating itself? Only time will tell.
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NewsCity perks up as general retailers bounce back
There was plenty to interest stock market store-watchers as general retailers staged a bounce-back over the week, Ocado generated excitement and controversy with its IPO plans and takeover talk swirled around Sainsbury’s.
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NewsCity perks up as general retailers bounce back
There was plenty to interest stock market store-watchers as general retailers staged a bounce-back over the week, Ocado generated excitement and controversy with its IPO plans and takeover talk swirled around Sainsbury’s.
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NewsCity split on Ocado IPO as Amazon launches online grocery offer
Competition from Waitrose and Amazon adds to questions over Ocado’s valuation and profitability
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AnalysisDebenhams: all about the bottom line
As it ramps up its own-label offer, the department store retailer has sacrificed sales to boost margins. George MacDonald asks if the strategy has paid off
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NewsWickes revenue up 2.1% as it outperforms market
DIY retailer Wickes made market share gains in the 26 weeks to June 30.
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News
Outdoor retailer Tiso back in the black
Scottish outdoor retailer Tiso has bounced back into the black after posting a pre-tax profit of £1.2m in the year to January 31 as it lays out plans for expansion.
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NewsOcado 'won't comply' with governance code
Ocado has admitted that its board of directors will not comply with the UK Corporate Governance Code that regulates best practice when it floats on the stock market.
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NewsClinton Cards issues profit warning
Clinton Cards has issued a profit warning and expects its full year profits to remain flat as the greetings card retailer is hit by weaker trading, particularly in Ireland.
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NewsLloyds sells TM Lewin stake
Lloyds Banking Group is to sell its portfolio of 40 private equity investments including shirtmaker TM Lewin.
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NewsOcado expects £1.18bn IPO valuation
Home shopping group Ocado has set a price range of between 200p to 275p per share for its IPO and expects a market capitalisation of about £1.18bn.
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NewsOcado to publish prospectus and start roadshow
Ocado is poised to publish its prospectus tomorrow and press ahead with a valuation of £900m-£1bn for its IPO.
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NewsOcado will make no money until 2014, adviser says
Online grocer Ocado will not make a profit until 2014, one of the banks advising it on an IPO has revealed.
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NewsMatalan reaps rewards of investment
Value fashion and homewares retailer Matalan has reported a 30% increase in profits, driven by investment in products, stores and people.
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NewsPets at Home profits soar
Retailer achieves recession-busting performance and downplays VAT threat as it plans 150 more stores
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OpinionOcado investors should be in it for the long haul
“EBITDA should not be considered a substitute for gross profit/(loss), operating profit/(loss), profit/(loss) before tax.” Wise words from an unexpected place - none other than the very small print at the end of Ocado’s announcement of its intention to float, released last Thursday.
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NewsDisney insists sparkle will return despite dip
Disney Stores has slipped back into the red in the year to October 3 after posting a pre-tax loss of £11.3m compared with a profit of £2.8m the year before.
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AnalysisOcado moves to deliver on flotation
Ocado is bullish about its plans to float, but with the online grocer yet to make a pre-tax profit, is the IPO a good deal for investors
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NewsDouble-dip recession fears spook the City
Renewed fears of a double-dip recession following austerity measures put the frighteners on the market on Tuesday, when every FTSE 100 stock fell.
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OpinionKesa turns on to change
Activist investor Knight Vinke put some spark in electricals retailer Kesa’s share price this week after building up a 3% stake.