Retail winners & losers: Sainsbury's, Dunelm, Ted Baker, Shoe Zone and Game Digital
Sainsbury dismayed City with lower same-store sales and lack of news on Home Retail
Company
LON:DNLM
Dunelm Group PLC is a specialist out-of-town homewares retailer providing a range of products to a customer base, under the brand name Dunelm Mill.
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Sainsbury dismayed City with lower same-store sales and lack of news on Home Retail
John Browett, CEO, refuted the claims, saying the firm was “flatly not interested in taking it [Homebase] over.”
Home Retail is back in play as Sainsbury's releases a slide show presentation of its pitch to buy the Argos and Homebase owner.
Tuesday's data from Kantar Worldpanel suggests Sainsbury's had a good Christmas
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
Investments and investor services
Dixons Carphone and Dunelm were given the thumbs up, while Kingfisher and next were downgraded by broker Nomura
London’s blue chips rallied after a weak start as interest rates dominated sentiment across Europe.
Waterstones seems glad to get shot of Amazon's Kindle from its stores.
Footsie eased 7 points lower at 6,329 even though there were good gains overnight for markets in the US and Shanghai.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
The explosive sales growth from home delivery is tailing off, but the bricks & mortar stores saw an acceleration in LFL sales
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The FTSE 100 ended 1.1% or 73 points to 6,155, with miners weighing heavily on the index following the data from Asia.
The homewares retailer said bed linen and furniture proved popular with shoppers.
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Darty, Dixons and Dunelm are all expected to report - and that's just the retailers beginning with the letter D ...
Consumers have never had it so good, says UBS, which is not necessarily good news for retailers.
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The fall-out from Wednesday’s Budget will clearly be a big topic on Thursday but also in focus will be a trading statement from Barratt.
We had conflicting messages from the housing sector last week, so trading updates from Bovis, Barratt and Taylor Wimpey might provide more clarity.