All City & finance articles – Page 568
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News
Retail on the ropes
Sector left reeling as relentless financial crisis leads to dramatic sales slump over past fortnight
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Opinion
Bad times bring out the best
Retail staff are most likely to suffer in the downturn and yet many continue to be an inspiration
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News
Baugur boss reassures on retail portfolio
Baugur has quashed speculation that it will suffer as result of the nationalisation of Icelandic bank Glitnir and the administration of Stodir, an investment business controlled by Baugur executive chairman Jon Asgeir Johannesson.
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News
Negative retail updates soar in third quarter
Quoted retailers posted more negative updates in the third quarter than at any point in the last two years.
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News
Leading Baugur investor files for administration
Icelandic investment business Stodir, which is controlled by Baugur executive chairman J n sgeir J hannesson and which said in July it was acquiring 39 per cent of Baugur, has filed for administration.
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News
House of Fraser financier nationalised
Glitnir, the Icelandic bank that played a key role in Baugur’s acquisition of House of Fraser, has been nationalised.
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Opinion
Good news is still out there
Watching TV and reading the national press, you could be forgiven for thinking it’s Armageddon.
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News99p Stores sales up as shoppers pursue value
Value retailer 99p Stores has recorded a 7 per cent hike in like-for-like sales for the calendar year to date as cash-strapped shoppers flood to its shops.
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News
Topps tiles: The city view
Topps Tiles revealed like-for-likes have plummeted 13.1 per cent in the past eight weeks, but the specialist retailer has managed to renegotiate its loan covenants.
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News
Retail stocks relief short-lived as disappointing updates flood in
Last Friday’s rally following attempts in the US and UK to stabilise volatile markets benefited retail stocks, which surged.
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Opinion
Sir Stuart Rose and Sir Terry Leahy are survivors
The results caravan moves on next week through two of its biggest stops on the trip. On Tuesday, Tesco unveils first-half figures and on Thursday, Marks & Spencer issues second-quarter numbers.
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News
Park Group lifted as cautious shoppers save for Christmas
Credit-crunched shoppers have helped performance at Christmas savings company Park Group, which supplies products such as seasonal hampers and vouchers.
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News
B&Q initiative a hit as Kingfisher profits leap
Kingfisher-owned DIY giant B&Q is reaping the benefits of a scheme to improve store standards, having cut gaps on shelves by 25 per cent.
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Analysis
Financial services: A market retail can bank on?
As a string of financial players collapse and consumers’ trust in high street banks falters, should retailers step up their own offerings? Jennifer Creevy investigates
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News
Ocado seeks cash injection from investors
Online grocer Ocado is seeking 20 million to pay down net debt in the current climate, but says it is trading well despite the decrease in consumer spending.
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News
Maxeda confident of weathering storm as profits rise
Maxeda, the Dutch store group run by former Asda boss Tony DeNunzio, generated a leap in interim profits despite difficult retail conditions.
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News
Moss Bros first-half losses widen
Losses at menswear specialist Moss Bros widened during the retailer’s first half, when sales also fell.
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News
Sales fall for majority of retailers
Sales have fallen for the majority of retailers on the high street, with no respite in sight for October.
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News
Park Group sales rocket as customers spread cost of Christmas
Christmas savings retailer Park Group has been buoyed by the economic downturn as cash-strapped families save further ahead for Christmas.
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News
Park Group sales rocket as customers spread cost of Christmas
Christmas savings retailer Park Group has been buoyed by the economic downturn as cash-strapped families save further ahead for Christmas.