All City & finance articles – Page 555
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News
Findel: The City view
The home shopping group delivered interim benchmark pre-tax profits of 7 million – down from 8.5 million last time – on sales up 1 per cent to 294.7 million.
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News
Sector’s share price flutter gives City little reason for excitement
The stores sector shrugged off the collapse of Woolworths and continued concern about the trading outlook to outperform the FTSE All Share index.
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News
Reiss to review price points as profits fall
Reiss is considering dropping its entry price points as it seeks to attract more customers after suffering a fall in UK operating profit.
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News
Theo Paphitis pulls out of Woolworths bid
Retail entrepreneur Theo Paphitis has pulled out of bidding for variety store group Woolworths, which was placed in administration last week.
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News
Shoppers put back festive buying as they hold out for further Sales
Shoppers have shifted their Christmas buying habits and saved the majority of their shopping this year for December.
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News
Last-ditch attempts made to save EUK as supply dries up
Desperate attempts were being made as Retail Week went to press to provide a payment guarantee on behalf of EUK, the Woolworths-owned entertainment supplier, enabling it to resume trading.
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News
BRC lambasts proposed rise in minimum wage
Retailers fear above-inflation minimum wage increases being suggested to the Low Pay Commission this week could lead to further job losses in the sector.
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News
Primark ready to topple George’s crown as king of value fashion
Primark is poised to topple Asda’s George from the top value fashion market share spot.
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News
Interest rate slashed to 2%
The Bank of England has cut the interest rate by 1 percentage point to 2 per cent in a move that will bring some respite to retailers.
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Opinion
Credit insurers are too powerful
Ever heard of a home insurer that pulled cover if a storm was forecast? Didn’t think so. But that’s the way credit insurers work.
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News
Chance of delayed VAT reaction gives retailers hope
The VAT cut introduced this week is expected to delay spending until this weekend, as shoppers wait for lower prices.
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News
Relief for Mosaic as it wins monthly rents concession
Deal will bring cash flow benefits for fashion giant Mosaic over the crucial Christmas trading period.
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News
JJB attempts to reassure investors after shares plunge
Embattled JJB Sports has issued a holding statement to reassure investors following its share price slump and intense speculation about its future.
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News
MFI swamped by bargain-hunters after its collapse
Shoppers have flocked to MFI stores as the defunct retailer offered discounts of up to 80 per cent following its administration last week.
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News
Woolworths' 2 Entertain poised for administration
Woolworths' joint venture with BBC Worldwide, 2 Entertain, is poised to enter administration by the end of the week.
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News
Consumers delay Christmas spending until last minute
Shoppers have shifted their Christmas shopping schedules into the month of December, the latest research by GfK NOP has revealed.
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News
Game sales soften
Computer and video game retailer Game has announced robust sales growth, despite a slowing performance over the last 18 weeks.
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News
Park Group pre-tax losses narrow
Christmas hamper specialist Park Group has reduced its pre-tax losses by 17 per cent to 3.2 million in the six months to September 30.
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News
Tesco Discounter range hits UK sales
Tesco has reported UK sales growth halved in its third quarter as its Discounter range hit its performance.
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News
JD Sports Fashion like-for-like sales slow
Like-for-like sales at JD Sports Fashion have been hit by the difficult economic climate and strong comparatives from last year.