All articles by George MacDonald – Page 250
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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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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
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
Grocers face OFT fines over price sharing
Heavy fines may be imposed on grocers and suppliers after the Office of Fair Trading uncovered evidence that pricing information may have been shared.
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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
Waitrose and Booths create buying alliance
Waitrose, owned by John Lewis Partnership, and independent supermarket group Booths have forged a buying alliance.
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News
Waitrose and Booths create buying alliance
Waitrose, owned by John Lewis Partnership, and independent supermarket group Booths have forged a buying alliance.
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News
Retailers call for more action on climate change
A group of big companies, including B&Q, John Lewis and Tesco, has written to Prime Minister Gordon Brown urging more action on climate change.
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News
Financial turmoil set to add to retailers’ woes
Intense turmoil in the financial markets precipitated by Lehman Brothers’ collapse will pile pressure on retailers’ finances, bankers have warned.
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News
Financial market shockwaves hit as FTSE reaches three-year low
Turmoil in the financial market following the collapse of Lehman Brothers and banking sector panic pushed the FTSE 100 to its lowest point in three years on Tuesday.
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Opinion
City Insider: Morrisons is well placed to win
Morrisons unveiled a surge in sales and profits last week, but the retailer was rewarded not with an investor buying spree but by its shares touching a two-year low.
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News
Home Retail’s first-half slump lowers forecasts
Analysts took their red pencils to Home Retail forecasts after the downturn took a toll on Argos and forced the write-down of DIY chain Homebase’s carrying value.
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News
Fashion drives volume rise in August
Strong fashion and footwear sales spearheaded a surprise 1.2 per cent rise in retail sales volumes in August while food groups suffered, according to ONS monthly sales data.
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Analysis
Currency shifts: Less bang for your buck
As the dollar gains strength against the pound and inflation creeps up, George MacDonald investigates how badly the shift could hurt retailers in this already stricken climate.
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News
Inditex second-quarter profits rise
Fashion giant Inditex, owner of the Zara chain, has posted a surge in first-half sales and profits.
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News
Carphone Warehouse deal to add $3.2bn to Best Buy sales
US electricals giant Best Buy expects its European venture with Carphone Warehouse – Best Buy Europe – to generate sales of US$3.2 billion ( 1.8 billlion) in the second half, it revealed today. However, the strength of the dollar is likely to dent the business’s performance when incorporated into Best ...
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News
Best Buy snaps up Napster for US$121m
US electricals giant Best Buy is to acquire online music business Napster for US$121 million ( 67.3 million).