All City & finance articles – Page 547
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News
Asda revives 'pocket-tap' ads as sales climb
Asda is to reinstate its famous ‘pocket tap’ in TV ads to consolidate its appeal to value-conscious shoppers nostalgic for reassurance in the uncertain economic climate.
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News
Marks & Spencer seeks better supplier terms to counter sterling fall
Marks & Spencer is reported to have turned the screws on suppliers as it battles to cope with sterling’s fall in value.
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News
JJB secures lending extension
JJB Sports has secured an extension of lending arrangements for a month dependent upon progress with the proposed sale of its fitness clubs division.
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News
Asos: Stock in focus
The fashion e-tailer, now capitalised higher than many main market-listed retailers, was a Christmas winner and is expected to continue blazing a trail.
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News
City quells revival hopes despite gains in January
Retail sales in January grew at their strongest rate since May last year, but analysts warned it is too early to call a recovery.
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Opinion
The right to backing
As flagged in this column last autumn, potential rights issues by retailers have accelerated up the agenda.
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News
Retail stocks surge ahead on bid excitement and improved sales
General retail stocks surged over a week that brought upbeat broker comment, bid excitement and better than expected sector sales data for January.
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News
WHSmith directors sell shares
WHSmith directors yesterday sold further tranches of optioned shares – the second round of such disposals in a week.
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Opinion
There are some store design benefits to a downturn
One of the unexpected consequences of a recession is that things get done better and quicker. Walking the floor of French department store Printemps' Paris flagship with its chairman and chief executive (two for the price of one must be a bonus in the current climate) last week, it was ...
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News
Baugur in administration
Updated: Baugur’s stakes in retailers House of Fraser, Hamleys, Aurum and Iceland have been placed in to administration.
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News
Clinton Cards enters talks to refinance
Clinton Cards is in informal discussions with its lenders as it seeks to renew its revolving credit facilities.
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Opinion
Jessops needs to snap to it
Few were more surprised than the City when Jessops posted robust Christmas trading figures. For many, the sight of the specialist camera retailer edging towards the top of the festive performance league table and sitting happily near Somerfield and Waitrose was nothing short of a miracle.
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News
Ideal Shopping direct: buyout speculation
Ideal Shopping Direct chief executive Mike Hancox has denied that its founders are plotting to take the TV shopping group private after they ousted board members.
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News
Retailers rally against recession as they outperform the index
General retail stocks and food retailers outperformed the All Share index after a better than feared festive reporting season.
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News
Carpetright invests in ads as rivals flounder
Carpetright is to plough more cash into its advertising this year as it seeks to take advantage of competitors suffering in the recession.
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News
Baugur stakes in retailers seized
Baugur stakes in retailers including House of Fraser, Hamleys, and Iceland have been placed under the control of nominated receivers to prevent any asset sale.
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News
Signet sales fall prompts cash and costs focus
Anglo-American jeweller Signet is to slash costs and concentrate on cash generation after suffering a fourth-quarter sales slump.
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News
Interest rate slashed to 1 per cent
The Bank of England has slashed the interest rate to a record low of 1 per cent, a 0.5 percentage point drop.
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News
Marks & Spencer wins £3.5m teacake tax battle
Marks & Spencer has won a landmark VAT battle about whether a chocolate-covered teacake should be treated as a biscuit or a cake.
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News
Baugur on the brink of administration as Landsbanki pulls funding
Icelandic investment giant Baugur is understood to be on the brink of falling into administration after its backer Landsbanki pulled its funding.