All City & finance articles – Page 529
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NewsHMV to open temporary stores for Christmas
Entertainment group HMV is to open up to 15 temporary shops over Christmas, including one in Bluewater, to capitalise on the disappearance of rivals Woolworths and Zavvi.
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NewsJewellery chain F Hinds suffers from Christmas trading hangover
Family-run jewellery chain F Hinds reported turnover in its last financial year was down 4% to £50.8m as it suffered from poor Christmas trading.
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NewsInterest rates held at 0.5%
Interest rates have been held at 0.5% by the Bank of England for the sixth consecutive month.
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NewsCarpetright's Lord Harris confident that trading conditions are improving
Carpetright chairman and chief executive Lord Harris has reaffirmed his belief that trading conditions are improving.
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NewsComet like-for-likes rise in first quarter
Electricals retailer Comet recorded like-for-like growth of 0.3% in the three months to July 31, parent Kesa revealed.
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NewsCash focus keeps Home Retail profitability on track
Home Retail Group has revealed better-than-expected second-quarter sales at Argos and Homebase.
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NewsSurge in profits at Morrisons
Morrisons has reported a leap in half-year profits to £449 million from £309m as the resurgent supermarket put on further strong sales growth.
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NewsEBITDA and sales grow at House of Fraser
House of Fraser has given an solid update with EBITDA up 16% in the first half of the year.
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NewsThorntons shows recovery in second half
Thorntons has revealed 4.5% drop in pre-tax profit to £8.1m but showed signs of recovery in the second half.
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NewsBurberry set for FTSE 100 listing
British fashion stalwart Burberry is poised to add its distinctive red, black and tan check livery to the FTSE 100 index of leading shares.
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NewsKingfisher forced to reveal profits
B&Q owner Kingfisher has revealed adjusted pre-tax profits for the six months to August 1 will be between £285m and £290m.
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NewsHarold Tillman eyes Aquascutum
Jaeger owner Harold Tillman is eyeing up British luxury retailer Aquascutum.
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NewsPrimark UK arm drives sales
Primark owner Associated British Foods said sales and profits in the year to September 12 at the value fashion retailer will be “well ahead of last year”.
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NewsAlchemy boss Jon Moulton quits the private equity firm
Alchemy Partners boss Jon Moulton has quit the private equity firm after a bust-up over strategy.
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NewsProposals to tackle illegal downloaders divide retailers
Retailers are divided over Government proposals to switch off internet connections of illegal file sharers.
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NewsFlight to value brings Wilkinson record sales
Value retailer Wilkinson has recorded its highest ever annual sales of £1.45bn, as it capitalises on shoppers’ continued flight to value in the recession.
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AnalysisWill retail rise to round two of VAT war?
A VAT increase is looking like an inevitability. George MacDonald asks what promotional feats retailers will need to pull off to counter the blow to consumer confidence in the January Sales season
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NewsRejected Nisa-Today’s suitor to rally support
Distribution group Bibby Line was expected to make moves to overturn convenience store buying group Nisa Today’s decision to reject its takeover bid last week, as Retail Week went to press.
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NewsNew Look valuation prompts hopes for a market revival
Valuations of prominent private equity-backed retailers are rising on the back of earnings momentum and investor appetite for quoted retailers.
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OpinionA good write-up
There’s been plenty of writing down of retail assets over the past year or two, but precious little writing up.