All City & finance articles – Page 14
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Hotel Chocolat accepts £534m Mars bid
Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
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Thai retail group takes control of Selfridges
Thai retailer Central Group has taken control of Selfridges following problems at partner Signa, with which it bought the famous department store in a $5bn deal.
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Steep fall in inflation helped by food price changes
Inflation fell to 4.6% in October, official data has shown.
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Asda cuts debt as focus on low prices pays off
Asda has reported a rise in quarterly sales and reduced its debt burden.
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Private equity group Aurelius snaps up Body Shop
Specialist beauty retailer The Body Shop has been sold to private equity group Aurelius.
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Dr Martens appoints new chief financial offer
Dr Martens has announced that Giles Wilson will join the footwear retailer as its new chief financial officer, hot on the heels of Jon Mortimore.
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Hammerson in talks to sell stake in Value Retail
UK shopping centre owner Hammerson is reportedly in talks to sell its 40% stake in Value Retail.
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Revolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
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The Range warns on outlook as sales slip
The Range has reported a decrease in sales and warned of a “severe but plausible downside” that could impact future sales.
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Under Armour lowers sales guidance after flat quarter
Sportswear retailer Under Armour has slashed its full-year sales outlook as a result of “challenges” in North America and flat revenues during its second quarter.
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Outlet Shopping at The O2 posts ‘strong’ sales month
Outlet Shopping at The O2 has recorded a “strong period of trading” in October as it remains on track for one of its “most successful years to date”.
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Shein weighs up Topshop bid
Fast-fashion giant Shein has formally registered its interest in bidding for the Topshop brand.
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Watches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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Primark profits soar driven by sales increase in all markets
Value fashion retailer Primark posted a rise in profits as sales increased in all markets across the UK, Europe and the US in the full year ending September, 2023.
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White Stuff profits and sales rise in ‘strong’ year
White Stuff has reported a rise in both profits and sales in a “strong” year of growth for the fashion retailer in the early stages of its “ongoing business transformation”.
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Wickes underlines profit guidance as it grows market share
Wickes has reported an increase in core market share as it remains “on track to meet full-year expectations”.
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Sainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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Hugo Boss maintains guidance after ‘robust’ third quarter
Fashion retailer Hugo Boss has maintained its full-year guidance after a “robust” third-quarter performance with top-line improvements across “both brands, all regions and all consumer touchpoints”.
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Zalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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Sainsbury’s sales rise as it continues to ‘invest in customer’
Sainsbury’s has reported a rise in sales that it credits to “consistent investment in our customer proposition” and has increased its guidance for the full year.