All City & finance articles – Page 584
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News
The Works sale confirmed
Beleaguered discount bookseller The Works has been bought by private equity company Endless, as reported by Retail Week Online yesterday (May 6).
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News
Next set for poor first quarter
The City fears fashion group Next may report a like-for-like sales slump of as much as 10 per cent tomorrow, when the retailer updates on first-quarter trading.
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News
Bolland scoops £760,000 bonus
Morrisons chief executive Marc Bolland received a 760,000 bonus last year, almost 100 per cent of his salary, after leading a turnaround at the grocer.
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News
Top analyst slams M&S bonus scheme
Broker Credit Suisse has cast doubt on the terms of Marks & Spencer directors’ bonus scheme, questioning whether it is in the retailer’s long-term interests.
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News
Endless buys The Works
Beleaguered discount bookseller The Works is understood to have been bought by private equity company Endless, as forecast by Retail Week (March 28).
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News
Vision Express snaps up G C Bateman
High street Optician Vision Express has bought 70-store family business G C Bateman Group for an undisclosed sum.
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Opinion
Light at the end of the tunnel
Despite the gloomy headlines, financial markets are recovering. This is most evident in LBO debt markets where valuations have improved by more than 5 per cent in less than a month.
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News
M&S could double stock value if it focuses on cash, analyst claims
Marks & Spencer’s stock is languishing below the level of Sir Philip Green’s abortive 400p-a-share offer in 2004, but could it be worth 850p?
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News
US retailers lure consumers as first tax rebates come in
Many of the US’s biggest retailers are offering promotional incentives for customers to trade in tax rebate cheques, as the first payments from President Bush’s US$100 billion ( 50.21 billion) tax giveaway arrived in bank accounts and through the post on Monday.
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Analysis
A tale of two nations
As the slowdown starts to take its toll, a more complex picture of which areas are suffering most is beginning to emerge. Katie Kilgallen investigates the geographical divide
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Analysis
How bankable is retail?
A combination of the credit crunch and hard times on the high street mean the relationship between retailers and their banks is more delicate than ever. George MacDonald reports on the impact of the financial crisis
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News
Dunelm sales rise
Dunelm has posted strong sales for the 43 weeks to April 26 and its chief executive is bullish about the outlook for the value homewares retailer.
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News
Retailers slam ONS figures
Top retailers and economists have condemned puzzling data from the Office for National Statistics (ONS), which pointed to a 2 per cent rise in the volume of goods sold in the first quarter of the year.
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News
Battered retailers push forward despite another week of gloom
General retailers just managed to beat the FTSE All Share’s rise and some of the sector’s most bruised names – including Debenhams, Blacks Leisure and DSGi – led the pack.
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Opinion
Downturn can’t stop investment
The banks got a £50 billion bail-out on Monday, but who is going to rescue embattled retailers?
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News
Rose lambasted over Lane Fox investment
Marks & Spencer chief executive Sir Stuart Rose has come under fire for investing in a business venture of one of M&S’s non-executive directors.
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NewsNational Schoolwear Centres enters administration
National Schoolwear Centres – a nationwide chain of school uniform shops – went into administration last week.
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News
Pets at Home profits soar
Specialist retailer Pets at Home's profits rose more than 50 per cent in the year to March 27.
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News
Cash purchases on the up as credit crunch bites
More consumers are using cash to make retail purchases, as the credit crunch forces a scaling back of spending on plastic cards.
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News
M&S agrees India deal
Marks & Spencer this afternoon confirmed plans to open at least 50 stores in India over the next five years through a joint venture with Reliance Retail