All City & finance articles – Page 516
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NewsMatalan appoints additional advisers to help £1.5bn sale
Matalan has reportedly appointed Goldman Sachs to advise on the sale of the company as it seeks to accelerate the process.
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NewsJD increases control of Canterbury brand
JD Sports Fashion has has taken control of the Australian distribution company for rugby brand Canterbury, and bought a majority stake in its New Zealand distributor.
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NewsSports Direct broke rules, Blacks tells FSA
Blacks Leisure has reported rival Sports Direct to the Financial Services Authority for allegedly breaking City rules.
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NewsTheo Fennell looks to raise funds to help with turnaround
Luxury jewellery retailer Theo Fennell is exploring options to raise funds through an equity placing as turnover fell 20% on a like-for-like basis in the six months to September 30.
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NewsTopps Tiles’ Dutch business to shut
Topps Tiles’ loss-making Dutch business is to close after the retailer decided not to provide further support and funding.
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OpinionPoor reading from Waterstone’s
Much is made of the benefits of last man standing status in retail but some, such as HMV-owned bookseller Waterstone’s, look punch-drunk.
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NewsSpar thrives as it grabs slice of Woolworths share
Convenience store group Spar has reported strong second-quarter results, soaking up some of the confectionery share left up for grabs after the collapse of Woolworths.
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NewsLinks of London on course to round off year in strong position
Jewellery retailer Links of London claims it is set to reach sales of £80m by the end of the calendar year, with year-on-year growth of over 30%.
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NewsRetail shares waver as Christmas draws near
As Christmas nears, general retailers were down against the market as store chiefs and investors alike wait with bated breath to see how festive trading turns out.
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NewsLord Harris upbeat as Carpetright delivers stellar first half
Carpetright, the UK’s biggest floor coverings specialist, generated pre-tax profit growth of 15.8% to £11m in its first half and is considering further expansion in Europe.
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NewsMoss Bros turns corner as sales rise
Menswear retailer Moss Bros reported improving sales for the 18 weeks to December 5, when like-for-likes climbed 5.5%.
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NewsMulberry’s UK retail arm helps drive performance
Mulberry unveiled a recession-defying performance as pre-tax profits soared 16% to £1.5m in the six months to September 30.
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NewsSports Direct defends chairman appointment
Sports Direct has denied that it appointed Keith Hellawell chairman because of his experience of chairing a company that, like the sports specialist, has faced an OFT inquiry.
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NewsUnited Carpets reports strong half
Profits for United Carpets grew 10.2% to £702,000 in the six months to September 30.
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NewsShowroom sales rocket at Wickes
DIY chain Wickes has generated strong sales growth in showroom categories and made market share gains, parent Travis Perkins revealed.
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NewsLaura Ashley like-for-likes rise 4.9%
Homewares and womenswear retailer Laura Ashley expects full year trading to be broadly in line with company expectations after like-for-like sales rose 4.9% over the first 19 weeks of the second half to 12 December.
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NewsKesa records better-than-expected first half
Electricals retailer Kesa’s has revealed a better-than-expected first half, with adjusted group pre-tax profit jumping 37% to £14.9m in the six months to October 31.
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NewsBest Buy sales and profits rise in third quarter
Electricals giant Best Buy has posted a leap in third quarter sales and profits and upped full-year earnings guidance.
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NewsDunelm founder transfers 10% stake
Dunelm founder Bill Adderley has offloaded more shares in the family-run business, transferring around a 10% share of the retailer to his son and Dunelm chief executive Will.
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NewsCarpetright notches up best half-year performance in five years
Carpetright pre-tax profit grew 15.8% to £11m in the 26 weeks to October 31 as the domestic arm clocked up it strongest half year performance since 2004.