All City & finance articles – Page 533
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NewsFlying Brands improves trading after cost efficiency programme
Multichannel retailer Flying Brands has reported improved trading in its interim results as it reaps the benefits from its cost efficiency programme.
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NewsJohn Lewis ends Sale on a high
John Lewis reported a strong week of trading as the last day of its clearance Sale helped it achieve sales up 6.3 per cent.
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NewsRiver Island’s record year
Young-fashion powerhouse River Island has defied the market to deliver record sales and profits for the year to the end of December.
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NewsJoules eyes Dubai as it plans overseas stores
Lifestyle and fashion retailer Joules has set its sights on international expansion as its sales continue to soar.
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NewsFindel initiates share placing to tackle debts
Home shopping group Findel has begun an £81m capital raising to help reduce debt and assist it with future growth.
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NewsRetail lags market despite City upgrades
The FTSE’s record 11-day rally came to an end on Tuesday and retail underperformed the market as good official sales figures and reassuring trading updates were cancelled out by a bearish view on the sector released by credit rating agency Fitch.
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NewsIrish retailers fearing worst Christmas ever
Irish retailers are braced for their worst Christmas in history as sales continue to be battered by the slump in consumer confidence.
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OpinionNo time to be counting chickens
The 11-day rally in the FTSE may have ended on Tuesday, but the record run enjoyed by equities over the preceding fortnight showed investors have real confidence that green shoots are emerging.
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NewsCarphone Warehouse in line to meet expectations
Carphone Warehouse has beaten first-quarter revenue forecasts and said it is on track to meet full-year market expectations.
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OpinionCarpetright rules the roost
Lord Harris must be licking his lips. The carpet king has long dominated the sector but the collapse of his nearest rival Allied Carpets is set to consolidate his control of the UK’s floorings market.
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News
Book Depository to take on US market
Online retailer The Book Depository has revealed a 50 per cent hike in revenue to £62m in the year to June 30 as it lays out plans to take on the £9bn US book market.
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NewsBlacks progress hit by profit warning
Struggling outdoor retailer Blacks Leisure has agreed an extension on its working capital facility but “one-off impacts” forced it to issue a profit warning.
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NewsFeather & Black defies gloom with refocus
Bed specialist Feather & Black has defied the gloom in the battered furniture sector, revealing a like-for-like sales uplift of 10 per cent in the four months to July 30.
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NewsThe Earring Boutique moves ahead with expansion plans as sales rocket
Online jewellery retailer The Earring Boutique is ploughing ahead with its expansion plans after notching up a 50 per cent increase in like-for-like sales in the three months to date.
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NewsJJB Sports grilled over stock by Sports Direct at AGM
JJB Sports faced a dramatic showdown at its AGM in Wigan last week when representatives of Sports Direct founder Mike Ashley, who has been embroiled in a loan row with JJB chairman Sir David Jones, turned up to question the board on its stock position.
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NewsStrong sales spur on QS growth push for Store 21
Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
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NewsKingfisher charms City with Q2 numbers
Kingfisher impressed the City with its pre-close second-quarter update as gains in the UK and Poland helped lift group sales.
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NewsAndy Bond warns of long road to recovery
Despite a better than expected trading outlook for the rest of this year, the road to recovery for UK retailers will be long and hard, Asda chief executive Andy Bond has suggested.
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NewsWaitrose and Duchy Originals in deal talks
Duchy Originals and Waitrose are discussing a deal that would integrate Prince Charles’s food products into the upscale supermarket chain’s mainstream operation, according to The Times.
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NewsGame agrees £175m refinancing
Entertainment retailer Game has refinanced and extended its borrowing facilities to June 2012.