All City & finance articles – Page 566
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News
Boden buoyed by US growth
Multichannel fashion retailer Boden increased pre-tax profits more than 20 per cent to 27.4 million in the year to December 31.
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News
Card group in administration
Celebrations Holdings Group, the gift card retailer with fascias including Card Warehouse and Cardfair, has gone into administration.
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News
Coface pulls Baugur credit insurance
One of the UK’s three biggest credit insurers has withdrawn cover for suppliers to several Baugur-backed retailers as the situation in Iceland worsens.
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News
Baugur insists 'business as usual' despite Icelandic meltdown
Icelandic investor Baugur has once again offered reassurance that its UK retail portfolio will be unaffected by the Icelandic financial crisis.
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News
Top Baugur man’s role in flux as investment giant refocuses
The role of Baugur managing director of retail Jeff Blue is likely to change as the Icelandic investor adapts its strategy in changing circumstances.
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Opinion
Tim Danaher: A week that will transform retail
“May you live in interesting times,” the old Chinese saying goes, but most people in retail would quite happily settle for decidedly less interesting ones right now.
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News
Sainsbury’s delivers robust second quarter
Sainsbury’s is confident its market position will be an advantage in the wake of the credit crunch after delivering better than expected second-quarter sales.
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News
Bhs blames bad weather for profits nosedive
A return to normal weather patterns will be key to Bhs’ fortunes being revived, the company said this week.
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News
Land of Leather: City View
Operating costs are being slashed at Land of Leather as it battens down the hatches in anticipation of very tough trading in its new financial year.
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News
Industry holds its own against backdrop of financial calamity
In the week that the FTSE 100 suffered its biggest ever one-day points fall and governments rushed to shore up a crumbling banking system, retailers weathered the storm to outperform the market.
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Opinion
George MacDonald: Marks & Spencer is not finished yet
It’s a measure of how hellish conditions have become that a 6.1 per cent like-for-like sales fall at Marks & Spencer was regarded as not too bad.
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News
Blacks weighs up boardwear division sale as losses widen
Blacks Leisure may sell its boardwear business after tough trading over the summer months led to greater losses for the outdoor retailer.
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Opinion
Lord Kirkham: There’s an art to good business
As Damien Hirst’s recent auction showed, thinking outside the box is key to making money
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News
Kaupthing taken over by Icelandic government
The Icelandic government has seized control of Kaupthing, the bank that is closely connected to swathes of the UK high street.
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News
WHSmith profits jump 15%
Robust sales at WHSmith's travel division helped it achieve a 15 per cent hike in profit before tax and exceptional items to 76 million for the year to August 31.
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News
Robert Tchenguiz 'to sell Sainsbury's stake'
Property billionaire Robert Tchenguiz has reportedly been forced to put his 10 per cent stake in J Sainsbury up for sale.
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News
Bank of England cuts interest rates to 4.5 per cent
Bank of England has unexpectedly cut interest rates by half a point to 4.5 per cent.
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News
Slowing food inflation prompts BRC call for interest rate cut
The rate of food price inflation has fallen for the first time in six months, prompting the British Retail Consortium to call on the Bank of England to bring in an immediate interest rate cut.
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News
Profits crash at Land of Leather
Furniture retailer Land of Leather has revealed that pre-tax profits fell by 16.2 million, from 18.5 million to 2.3 million in the year to August 3.
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News
Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.