Latest finance news – Page 606
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NewsGame splits City opinion as sales suffer a surprise slump
Analysts are divided over entertainment retailer Game’s prospects after a sales plunge shocked the market.
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NewsN Brown thrives as online sales jump 25%
Home shopping specialist N Brown has enjoyed a strong start to its financial year with continued growth across its brands.
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NewsCity salutes Carphone’s deal for Vodafone return
Carphone Warehouse has celebrated the return of Vodafone three years after the operator withdrew its mobile phone contract offer in favour of an exclusive deal with rival Phones 4U.
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NewsJJB outlines turnaround options
Weekend newspaper reports forced JJB to issue a statement confirming it might raise more cash through a share placing and open offer.
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NewsLoan row takes a bite out of JJB’s value
Tragedy turned to farce at JJB Sports. The troubled retailer became embroiled in controversy when it emerged that executive chairman Sir David Jones had taken a loan from arch-rival Mike Ashley, founder of Sports Direct.
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NewsBrightHouse bolsters IT but trims openings
BrightHouse has curtailed its store opening plans as it ploughs money into transforming its IT infrastructure.
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsBroker challenges Sports Direct over corporate governance
Ahead of Sports Direct’s full-year results next week broker Investec has issued a note challenging the sports retailer to answer some key corporate governance questions and fully disclose business information.
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NewsMike Ashley claims Sir David Jones agreed loan after he joined JJB Sports
The scandal over JJB chairman Sir David Jones’ £1.5m loan from Sports Direct’s Mike Ashley is escalating, with Ashley claiming he gave Jones the loan after he joined JJB’s board.
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NewsJune food price inflation lowest in 14 months
Food inflation was its lowest in 14 months in June, according to the British Retail Consortium Shop Price Index.
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NewsMr Shoes bought out of administration by previous owners
Footwear retailer Mr Shoes has been bought out of administration by its previous owners.
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NewsJJB Sports pledges support for Sir David Jones as share price plummets
JJB Sports is trying to curb another escalating crisis following the revelations that chairman Sir David Jones took a £1.5m loan from Sports Direct founder Mike Ashley.
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NewsJacques Vert makes full-year pre-tax loss of £2.9m
Womenswear retailer Jacques Vert made a full-year pre-tax loss of £2.9m, compared with a profit of £4.3m the year before, after incurring exceptional charges of £4.9m, mostly related to leases.
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NewsM&S shareholder revolt gains pace ahead of AGM
The row among Marks & Spencer shareholders has gathered momentum ahead of Wednesday’s AGM, with former chief executive Sir Richard Greenbury lambasting shareholders for their “vindictive” attitude towards executive chairman Sir Stuart Rose.
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NewsJJB mulls rights issue as loan scandal hits Sir David Jones
JJB Sports has confirmed that it is considering a £50m rights issue to raise capital for the sports retailer’s turnaround as its chairman Sir David Jones has become embroiled in a loan scandal.
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NewsBrightHouse EBITDA jumps 21.5 per cent
Rent-to-own electricals and furniture retailer BrightHouse has defied the economic gloom, revealing a 21.5 per cent hike in EBITDA to £29.4m in its full-year results.
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NewsShareholder revolt embarrasses Home Retail
Home Retail Group, owner of Argos and Homebase, says it has “taken note” of investor concern about directors’ bonuses after a shareholder revolt at Wednesday’s AGM.
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NewsCredit insurance woe hits stock at Threshers
Threshers owner First Quench Retailing is understood to be sourcing stock from the grey market after its supply chain was interrupted by the reduction of credit insurance to some of its suppliers.
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NewsLagging Waterstone’s fails to dampen resurgent HMV
Entertainment group HMV impressed the city with improved profits, despite difficulties at its Waterstone’s books chain.
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NewsAsos’s staggering growth expected to slow
Heavy high street discounting and unemployment among younger shoppers is likely to slow the meteoric growth of Asos.