All City & finance articles – Page 564
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News
BrightHouse gives slip to high street turmoil
Rent-to-buy specialist BrightHouse has bucked the retail downturn to reveal a 13.6 per cent jump in like-for-like sales for the six months to September 31.
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News
Home Retail: The City View
The Argos and Homebase owner warned that unless there is respite from the consumer slowdown full-year profits will come in at the low end of City expectations.
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News
JJB fortunes improve but bleak conditions bear down on most
Rising fears of recession and expectations that Christmas will not be merry for many retailers continued to weigh heavily on share prices.
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News
New Ideal Shopping chief to focus on multichannel profile
Mike Hancox, newly appointed chief executive of Ideal Shopping Direct, will concentrate on improving the retailer’s multichannel appeal when he takes the helm next month.
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NewsTravis Perkins warning reignites fears for DIY
Travis Perkins’ profit warning last week again sparked fears about the impact of the downturn on home and DIY retailers.
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Opinion
George MacDonald: Playing the equity card
The old maxim that cash is king has never been more true as debt fears and covenant concerns drag down sentiment and valuations.
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Opinion
Forget the recession and get retailing
As Gordon Brown and Mervyn King finally uttered the R-word this week, it looked like they had unavoidably twisted the knife for retailers.
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News
Amazon cautious about Christmas sales
Online retailer Amazon is expecting an uncertain Christmas for 2008.
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News
Retail sales growth slows further
Retail sales volume growth has continued to slow in the three months to September, rising only 0.1 per cent.
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News
Wal-Mart's supplier standards drive could hit profits
Wal-Mart has admitted that its profits could be dented by plans to force Chinese suppliers to meet new quality and environmental standards or risk losing its business.
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News
DSGi to slash capex as like-for-likes fall
DSGi is to slash capital expenditure after revealing first-half like-for-likes tumbled 7 per cent.
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News
Sports Direct trading on track
Sports Direct has revealed today that trading is in line with expectations, but that it continues to be the hardest the group has ever experienced.
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News
Scotland: Worst retail sales growth since March 2006
Retail sales growth in Scotland was at its slowest rate in two and a half years in September, as consumer confidence and rising living costs squeezed spending.
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News
Tough outlook for Home Retail as profits fall
Home Retail Group has posted a plunge in first-half profits and warned that the full-year figure will be at the low end of expectations unless trading conditions improve.
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News
Arcadia profits fall
Sir Philip Green's Arcadia Group has reported a 6.1 per cent fall in operating profits, but its young fashion brands including Topshop enjoyed a record year.
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News
Debenhams profits tumble
Debenhams this morning reported a 16.9 per cent fall in full year profits before tax and exceptionals, and revealed plans to reduce its debt burden in response to City concerns.
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News
Sports Direct acquires 5% stake in JJB
Sports Direct has snapped up a 5 per cent stake in rival JJB to help shore up the struggling sports chain.
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News
London retail sales worst since 2005
Retail sales in London outperformed the rest of the country in September but were still the worst since summer 2005.
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News
Retailers to benefit from renewable energy savings
Retailers will welcome the Government’s decision yesterday to make the production of renewable energy more affordable for businesses.
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News
Baugur-backed retailers plan buy-outs
The management of a number of Baugur-backed retailers are putting plans in place to buy back equity and debt now controlled by the Icelandic government.