All articles by George MacDonald – Page 225
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NewsHome Retail Group profits to beat expectations
Argos owner Home Retail Group expects full-year profit to come in £20m ahead of City forecasts at £285m after Christmas trading exceeded management expectations.
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NewsGovernment gives go-ahead for grocery ombudsman
The Government has accepted the Competition Commission’s recommendation that an agency be created to regulate grocers’ relationships with suppliers.
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NewsChristmas sales soar at Matalan
Value fashion and homewares group Matalan has hailed an “impressive” Christmas performance and expects continued growth.
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NewsDunelm cautious despite strong first half
Value homewares group Dunelm has posted strong Christmas trading but warned of toughening conditions to come.
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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OpinionA reality check for Ocado
Ocado has drawn plenty of glowing press comment and there’s plenty to admire in it, but whether it is flotable is another matter.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsMatalan’s ‘fruity’ £1.5bn asking price puts off potential buyers
Hopes of selling Matalan are likely to be dashed unless the reported asking price is cut.
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NewsChristmas sales success for New Look
New Look, the value fashion group which is considering an IPO this year, has reported a strong Christmas performance.
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NewsBest Buy unveils new-look UK website
Best Buy UK has upgraded its website with the addition of a range of new content ahead of the opening of its first shops in this country in the spring.
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NewsMarks & Spencer celebrates ‘good’ Christmas
Marks & Spencer has hailed Christmas trading a success after posting 0.8% like-for-like sales growth over the festive period but warned that prospects remain uncertain.
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NewsHMV to buy Mama in £46m deal
Entertainment group HMV is to buy its joint venture partner Mama in a deal valuing the business at £46m.
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NewsOnline spending to reach £120m on Christmas Day
Shoppers are expected to spend £120m on Christmas day in an online spending frenzy.
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NewsLiberty attracts potential buyers
Several parties have expressed interest in acquiring famous department store Liberty but a deal may prove elusive.
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NewsPrivate equity bidders offer £800m for Pets at Home
Four private equity firms have each submitted offers of more than £800m for specialist retailer Pets at Home.
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NewsSnow disrupts online grocery orders
Heavy snow has played havoc with deliveries of Christmas groceries ordered online.