All articles by Jennifer Creevy – Page 76
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NewsOcado appoints investment banker as new FD
Ocado has appointed seasoned investment banker Andrew Bracey as its chief financial officer, fuelling speculation it is gearing up for an IPO.
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NewsNext raises annual earnings forecast
Fashion retailer Next has raised its annual earnings forecast after delivering a 6.9% rise in first-half pre-tax profit to £185.5m.
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NewsDunelm sales recovery in the second half
Value homewares retailer Dunelm has reported pre-tax profit is up 6.8% to £52.5m in its full year results, helped by a strong sales recovery in the second half.
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NewsSainsbury’s appoints David Tyler as chairman
Sainsbury’s is understood to have hired David Tyler to become its next chairman.
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OpinionThere is more to come from Morrisons
Morrisons is showing good growth in its expansion strategy. But could its confidence mean it steps up plans in other areas of the business?
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NewsAsda slashes petrol prices
Asda has cut the price of petrol by 2p a litre and diesel by 1p and challenged other retailers to follow suit.
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NewsControversial Lidl chief to head up UK division
Discount grocer Lidl has drafted in the former managing director of its German operation Frank-Michael Mros to head up its UK division.
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NewsHigh & Mighty sold to N Brown
High & Mighty has been sold to JD Williams & Company, part of the N Brown Group, as part of a pre-pack administration.
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NewsAl Gore invests in Ocado
Online grocery retailer Ocado has completed a £50m financing to continue to grow the company, including an investment from former US vice-president and environmental campaigner Al Gore.
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NewsWaitrose strikes deal with Duchy Originals
Waitrose is to launch a top-end range, after striking a deal with Prince Charles’ organic food company Duchy Originals.
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NewsThorntons shows recovery in second half
Thorntons has revealed 4.5% drop in pre-tax profit to £8.1m but showed signs of recovery in the second half.
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NewsDeflation returns to the high street
Shop prices have fallen on the British high street for the first time since February 2007, as the retail sector revealed a drop of 0.1% last month compared with inflation of 0.5% in July.
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NewsNew Look to launch online TV show
Fast fashion retailer New Look is to launch a weekly online interactive TV show to be distributed by YouTube.
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NewsShop workers hardest hit in recession
The retail industry has seen the largest rise in people claiming jobseekers’ allowance in the last year, according to the Trades Union Congress (TUC).
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NewsTesco continues to invest in Fresh & Easy
Tesco is continuing to invest in its US Fresh & Easy shops, despite it saying it had put its expansion in northern California on hold.
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NewsBurberry set for FTSE 100 listing
British fashion stalwart Burberry is poised to add its distinctive red, black and tan check livery to the FTSE 100 index of leading shares.
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NewsAquascutum bought by Harold Tillman
Fashion brand Aquascutum is to return to British ownership after entrepreneur Harold Tillman announced a deal to buy the business.
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NewsKingfisher forced to reveal profits
B&Q owner Kingfisher has revealed adjusted pre-tax profits for the six months to August 1 will be between £285m and £290m.
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NewsJohn Lewis to launch Value range
John Lewis is to launch a low-priced ‘Value’ range this week in a bid to compete with the non-food ranges of the supermarkets.
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NewsAsda’s George brand launches heat-sensitive baby range
Asda clothing brand George has launched a heat- sensitive range of baby clothes that alert parents when their baby is too hot.