All City & finance articles – Page 114
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NewsGousto swings into black as boss says grocery delivery is here to stay
Gousto has delivered its first ever full-year profit as its chief executive backs the grocery home-delivery revolution to outlast the pandemic.
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NewsThe Hut gobbles up snacks specialist in £43m deal
Online giant The Hut Group (THG) is to acquire healthy snack bar business Brighter Foods, strengthening its presence in a high-growth category.
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NewsMars food chief joins Marks & Spencer board
Marks & Spencer has appointed Mars Food global president Fiona Dawson to its board, bringing “cutting-edge” consumer and brand experience.
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NewsBloom & Wild buys Dutch rival Bloomon in European expansion push
Online florist Bloom & Wild has acquired Dutch rival Bloomon for an undisclosed sum as it ramps up plans to grow into Europe.
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NewsFeelunique swings into profit off the back of strong sales
Pureplay beauty brand Feelunique has posted its first annual profit off the back of strong sales and customer growth.
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NewsPrimark boss insists ‘fashion is back’ as lockdown easing takes effect
Shoppers filled their baskets with the latest styles as well as staples at Primark when the retailer reopened, signalling hopes of a return to more normal life post-pandemic.
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NewsPrimark owner to repay furlough cash as reopened stores deliver record sales
Primark’s parent company Associated British Foods has said it plans to repay money claimed on the government job retention scheme as its reopened stores rebounded last week.
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NewsOcado invests in autonomous vehicle software company
Commencing a multi-year partnership, which will see the two companies work together to create a new vehicle fleet, Ocado has invested in autonomous vehicle company Oxbotica.
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NewsThe Hut’s Matt Moulding on why donating £100m from IPO is just ‘good karma’
After launching the UK’s biggest IPO in five years, The Hut Group (THG) founder and chief executive Matt Moulding has made the bold decision to donate £100m of shares to charity.
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NewsDeliveroo hails strong performance in first update as listed business
Deliveroo has hailed a strong quarter with orders and gross transaction value across its platform both up in its first quarter as a listed company.
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NewsNaked Wines exceeds sales guidance as it seizes US opportunities
Pureplay wine specialist Naked Wines has hailed its performance over the last financial year, reporting it has exceeded sales guidance driven in particular by its US market.
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NewsAO hails ‘outstanding progress’ as sales and profits soar
AO.com has reported strong sales and expects profits for the year to be in line with market consensus after capitalising on “ the challenges and opportunities” presented by the pandemic.
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NewsThe Hut Group slips to full-year loss due to multiple ‘non-recurring’ costs
The Hut Group has incurred an operating loss for the last financial year due to a series of “non-recurring, non-cash events”, most notably linked to its IPO during the period.
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AnalysisAnalysis: How Tesco’s Clubcard revival opens up new horizons post-pandemic
Following a year fundamentally shaped by the coronavirus pandemic, Tesco boss Ken Murphy set out his vision for utilising the strength of the retailer’s Clubcard customer base to put clear water between the grocer and its competitors.
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NewsJD Sports beats ‘unprecedented challenges’ to retain profitability
JD Sports has “retained substantially all of its record profitability” despite facing “unprecedented challenges” over the past year.
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NewsAlibaba hit with record £2bn fine for breaching competition rules
Chinese ecommerce giant Alibaba has been hit with an Y18.3bn (£2bn) fine after an investigation ruled that it had abused its market position.
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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Opinion‘Grocers like the Co-op should not be vilified for holding on to rates relief’
Before making this point, let’s be perfectly clear: I was among those who expected the Co-op to repay its business rates relief this week.
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NewsUniqlo owner Fast Retailing posts surge in profits amid China recovery
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
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NewsAsos to raise £500m to bolster expansion war chest
Asos has launched a bid to raise £500m to spearhead its global expansion drive.