All City & finance articles – Page 576
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Opinion
A marriage of convenience
On the face of it, Co-op and Somerfield is the most unlikely pairing since Lembit Opik shacked up with a Cheeky Girl.
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News
Co-op chief: Somerfield integration will be easy
Co-operative Group chief executive Peter Marks has insisted the retailer’s integration of Somerfield will be smooth and without culture clashes.
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News
River Island targets Russia as overseas growth gathers pace
Young-fashion powerhouse River Island intends to break into the Russian market in the next stage of its overseas push.
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News
Ashley’s Sports Direct to go back to basics
Sports Direct founder Mike Ashley said that the retailer would go back to basics to cope with a trading environment it described as “the hardest we have faced in our history”.
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Opinion
Is it worth it?
“Is it worth it?” asked one luxury retail chief today at a press event for the finest of British luxury brands.
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News
Blacks sales pick up with camping season
Blacks Leisure, the outdoor equipment and boardwear retailer, has suffered a 5.4 per cent fall in group like-for-likes in the financial year so far.
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News
Mothercare first-quarter sales advance
Mothercare has posted a rise in UK like-for-like sales and a surge in international revenues during its first quarter.
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News
Receivers called in at Dawnay Day
Two private shareholders of Austin Reed may be pursued for their assets as receivers were called in at Dawnay Day.
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News
Co-op buys Somerfield for £1.56bn
The Co-operative Group has sealed its long-awaited 1.56 billion deal to buy Somerfield.
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News
June like-for-likes down 0.4 per cent
UK like-for-like sales dipped 0.4 per cent in June, compared with the same month last year.
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Opinion
Rose is still M&S’s best bet
Sir Stuart Rose may have been under pressure this week, but you’d never have known it.
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News
Primark on track to beat market as sector suffers
Primark was expected to outperform the fashion market again as Retail Week went to press, but its like-for-like growth is thought to have levelled out as the market slowdown kicked in.
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Opinion
What you can do to beat the downturn
As recent results show, large and small retailers alike are feeling the impact of a slowdown in the UK economy. And the data suggests that things will not improve anytime soon.
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Opinion
US election will affect us all
Tesco’s recent AGM in Birmingham attracted its share of campaigners as usual, but the unusual antics of some were outweighed comfortably by the good sense of ordinary shareholders, many attending for the first time.
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Analysis
A solid anchor
John Lewis is by far the most popular choice of anchor stores among shopping centre owners. But will the effects of the downturn dampen the attraction? Ben Cooper investigates
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Analysis
Mounting recession speculation sends retail stocks into tailspin
The pall of looming recession hung black over the City all week, pitching the entire market into steep decline.
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News
BMB set to buy entire Pierre Cardin UK licence
Menswear supplier BMB is poised to acquire all of the UK licences for Pierre Cardin, in a deal that will have implications for Debenhams and Moss Bros.
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NewsFat Face sales jump
Fat Face sales soared 16.3 per cent from £108.6 million to £126.4 million for the full year to May 31.
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News
Interest rate held at 5%
The Bank of England has held the UK interest rate at 5 per cent as spiralling inflation outweighs concerns over slowing economic growth.
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News
Netto sales climb
Value retailers continue to pull in the customers, with Netto announcing a 7 per cent sales increase over the year to June 14.