All City & finance articles – Page 565
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News
Travis Perkins update sparks fears for DIY
Travis Perkins, the builders’ merchant that owns DIY chain Wickes, has warned that profits will be at the low end of expectations.
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News
Mothercare records robust second quarter
Mothercare has posted a slight uplift in UK like-for-likes and a rise in international sales.
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News
Icelandic turmoil puts brakes on debt deal
The complexity of Iceland’s financial meltdown and its banks’ connections with Baugur are delaying a sale of the investment company’s debt.
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News
Baugur: end of an era
The end of an era loomed this week with the likely break-up of Icelandic investor Baugur’s portfolio and the end of its influence on the UK high street.
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News
Justin King: bank rescue has begun to restore confidence
Sainsbury’s chief executive Justin King believes the Government’s banking bail-out this week has dramatically “moved the dial” and already started reviving consumer confidence.
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News
Clinton Cards to focus on staff as it battles to revive performance
Clinton Cards will focus on staff and leadership skills to drive sales back up, after posting a 5.2 per cent fall in like-for-likes at its Clinton’s chain and a decline of 2.5 per cent at its Birthdays fascia for the nine weeks to October 5.
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News
Banks' rescue stabilises markets but retail feels heat as shares dip
The Government administered emergency surgery on beleaguered banks but retailers remained under pressure as the share prices of grocers and general merchandisers alike fell over the week.
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Opinion
The real economy is what matters
Now that the problems of the financial system have begun to be addressed, the focus is on the outlook for the real economy. And out there on the high street, in offices and on factory floors – workplaces where changes to confidence, employment and earnings directly affect retail performance – ...
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News
City unease mounts as like-for-likes fall again
Retail like-for-likes slid in September for the sixth time in the past seven months, compounding City fears about the sector’s prospects as the traditional selling season nears.
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News
Kingfisher: the City view
DIY giant Kingfisher flew analysts to Turkey last week to show off Koctas, its joint venture there.
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News
Burberry keeps head above water
Burberry continued to deliver growth in its first half despite a “volatile and uncertain” market.
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News
The Entertainer holds out hope for Christmas despite sales blip
Toy retailer The Entertainer has revealed like-for-like sales dipped 3.7 per cent in the eight months to September 30, but remains “quietly optimistic” about Christmas.
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News
Solid growth for Kurt Geiger
Luxury shoe chain Kurt Geiger's EBITDA grew more than 24 per cent to 10 million in the year to February 2.
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News
TNS: Tesco sales growth lags rivals'
Grocery giant Tesco delivered the worst performance among the big four grocers in the latest TNS four-week figures.
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News
Private equity firms vie with Sir Philip Green for control of Baugur
Retail tycoon Sir Philip Green faces competition from leading private equity groups for control of embattled Icelandic investor Baugur’s UK retail operations.
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OpinionNow is the time to plan for tomorrow
When this crisis is over, retail will continue to be a lower growth, lower margin industry
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News
Best Buy Europe to double revenues in five years
Best Buy Europe, the joint venture between US electricals giant Best Buy and Carphone Warehouse, aims to double retail revenues and operating profit by March 2013, despite the uncertain economic outlook.
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News
Inflation hits 5.2 per cent
UK inflation continued to rise hitting 5.2 per cent in September, pushed up by rises in gas and electricity bills.
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News
Baugur in restructuring talks with BDO Stoy Hayward
Baugur has approached BDO Stoy Hayward to advise it on a restructuring and possible administration.
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News
Clinton’s sales plummet
Sales have plunged at greetings card specialist Clinton Cards in recent weeks, reflecting the tough trading environment.