All City & finance articles – Page 499
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NewsShareholders pass all resolutions at Marks & Spencer AGM
All resolutions, including the controversial remuneration report, have been passed by the shareholders in the room at another high spirited M&S AGM.
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NewsTopps Tiles Q3 sales improve
Topps Tiles like-for-like sales decline has softened to -1.2% in the 13 weeks to July 3.
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.
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NewsRetailers prepare for AGM pay rebellions
Leading retailers are preparing for a showdown with shareholders this week as director pay becomes the focus of investor anger.
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NewsOcado critic Philip Dorgan loses job
The analyst who was one of the most outspoken critics of Ocado’s IPO plans has lost his job.
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NewsShares sale by Sainsbury’s chief dampens bid speculation
Speculation that Qataris investors are mulling a bid for supermarket group Sainsbury’s has been undermined by a share sale by chief executive Justin King.
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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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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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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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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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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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NewsDebenhams disappoints but maintains support
Debenhams issued a “disappointing” interim management statement last week, according to analysts, after like-for-likes weakened over the third quarter.
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OpinionDon’t be pilloried over pay
How striking that it is typically top-flight retailers that become embroiled in AGM fisticuffs.
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OpinionFocus on margins will be key to higher profits
It should be a statement of the obvious that selling more stuff but not making any more money out of it is no strategy for retailing. Yet in the relentless vanity-driven obsession with market share and like-for-like growth, the basics of making money sometimes get forgotten.
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NewsTopps Tiles is ‘good recovery story’
A Topps Tiles analysts’ trip last week helped convince the City that the retailer is a “good recovery story”.
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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.